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hedgewithcrypto
Jun 12, 2018 12:06 PM

Monero could fall again Short

Monero / DollarBitfinex

Description

Bitcoin looking weak once again. Failed to generate any meaningful rally.

A drop in BTC will affect all USD pairs. Numerous patterns appearing. Can't post them all!

Here is a smaller TF setup on Monero. Waiting for the break of the pennant pattern. Projected downside target shown.

Disclaimer: This is only my opinion, make of it what you wish. It is not financial advice.



Trade active

Position filled, placed stops near 137.50 area

Trade closed: target reached

Clean trade for a nice profit
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