InvestingScope

Balance between a Channel Down and a Triangle. Mostly bearish.

BITFINEX:XMRUSD   Monero / U.S. Dollar
Monero is keeping the 4H Channel Down intact ( RSI = 43.399, MACD = -0.281, Highs/Lows = -1.4470) after yet another Lower High rejection at 122.70. However the rebound off the 96.555 Lower Low is maintaining a Triangle (blue dotted lines) on 1D (neutral RSI , Williams, CCI , Highs/Lows). If the 100 mark breaks in the next 3 sessions, then the Channel Down will overcome this balance. The 1W Channel Down however is still pushing for a lower price on the long term so we remain short on XMRUSD, TP = 75.792, 64.104.
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