InvestingScope
Short

1W Falling Wedge vs 1D Triangle. Bearish confirmation below 103.

BITFINEX:XMRUSD   Monero / U.S. Dollar
XMRUSD is still on a tight balance of power between the commanding long term bearish trend of the 1W Falling Wedge ( RSI = 43.439, MACD = -23.484, B/BP = -8.5290) and the 1D Triangle ( RSI = 50.323, CCI = -7.6158, Highs/Lows = 0.0000) that keeps the short term trend neutral. We do notice however the rejection on the 1W Falling Wedge's Lower High (128.000) and if 103.754 is crossed then the 1D Triangle is nullified and a new Channel Down should emerge targeting initially at 96.192. We remain short on Monero, TP = 75.792, 64.104.
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