topvaluestaking

Monero in a symmetrical triangle

BITFINEX:XMRUSD   Monero / U.S. Dollar
XMRUSD price is moving in a symmetric triangle, waiting for a breakout. I m looking at this market for a possible entry long or short. Since the daily chart is bearish and the higher level timeframes are bearish as well, I believe that it is more probable to get a break on the downside as a continuation of the trend but the price will tell us anyways.
Oct 03
Comment: Still moving into the triangle, waiting for the breakout. Looking at BTCUSD chart as well since the correlation is very strong.
Oct 11
Comment: Finally triangle has broke down. The technicall target of the triangle is around 72$, but I would be happy to take profits on previous support level at 80-83$.
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