Monero on a typical throwback

BITFINEX:XMRUSD   Monero / U.S. Dollar
Trend line A was busted to the upside and price reached the previous high to find a wall of sellers.

There was some buying interest added to the market on the break, but not a ton of momentum so the previous high was tested and profit-taking set in.

Price is on a typical throwback to trend line A, which now should act as support (or an area of buying interest). Original buyers and people that did not buy the first break will likely get in on a test of trend line support.

May need to re-evaluate indicators once price drops to trend line support, but a buy between $90 and $100 looks good for a long-term hold.

For trading purposes, we recommend a wait for a drop to support or a break of the higher longer-term trend line

Any questions let me know.


any news about this Monero pump?
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out