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.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (
Where do you put your stop loss?
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out