InvestingScope

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

Short
BITFINEX:XMRUSD   Monero
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.

Telegram: t.me/investingscope
www.investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.