TradingView
EXCAVO
Sep 7, 2018 6:17 PM

MONERO Short

Monero / DollarBitfinex

Description

Moving in downtrend channel. Now forming rising wedge - reversal pattern. I thin k we will go to hell. And we will see price near support line of this channel until end of the year.

Comment

Dont break out resistance line

Trade closed: target reached

Trade closed: target reached

Trade closed: target reached

Comments
RealMcafee
Prometheus777
@barclayjames, So you think we will see 50 USD?
RealMcafee
@Prometheus777, at the moment weekly is closing shooting star after substantial increase which is particularly bearish if it closes like this.
Skinwah
Magical
InvestingScope
We have a very similar perspective. After the strong Lower High rejection on the 1W Falling Wedge we now expect a symmetrical 4H Channel Down pattern to steadily reach the previous low = 75.792:

EmziCrypto
trade active now, right?
EmziCrypto
@EmziCrypto, oh sorry wrong chart, I meant the xmr/btc trade
frtmr
Zz
Smoak
This is an alternative scenario.
Skinwah
Looking very grim for xmr
More