Hi Traders,
Monero is one of the most technically sound charts out there. I love respect these traders give to trendlines, fibbs, moving averages and structure breaks. The symmetry in this chart is a thing of beauty, and I expect it to continue going into the future. I also think Monero is very undervalued relative to bitcoin right now, and the pumps we have recently seen in Dash, Litecoin, Zcash and a few other direct competitors justifies this setup for a monster rally.
We can clearly see a textbook descending wedge pattern, I mean come on..perfect fractal version of the bigger wedge spanning the FY 2018...It really doesn't get much better than this folks.
Hope to see you at the next check point - looking at that major 38.2 for initial take profit. $178 - $200 levels (200% ROI)
Best of luck, hit thumbs up
Monero is one of the most technically sound charts out there. I love respect these traders give to trendlines, fibbs, moving averages and structure breaks. The symmetry in this chart is a thing of beauty, and I expect it to continue going into the future. I also think Monero is very undervalued relative to bitcoin right now, and the pumps we have recently seen in Dash, Litecoin, Zcash and a few other direct competitors justifies this setup for a monster rally.
We can clearly see a textbook descending wedge pattern, I mean come on..perfect fractal version of the bigger wedge spanning the FY 2018...It really doesn't get much better than this folks.
Hope to see you at the next check point - looking at that major 38.2 for initial take profit. $178 - $200 levels (200% ROI)
Best of luck, hit thumbs up
Comment:
checks out Vs. BTC
Comment:
decent look vs. ETH
