InvestingScope

XMRUSD: Lower Triangle break out but requires a support test.

Short
BITFINEX:XMRUSD   Monero
Monero has marginally crossed the 1D Triangle on 101.300 (RSI = 42.166, MACD = -2.174, Highs/Lows = -1.3445, B/BP = -3.9142) but not on a strong enough sequence to cross the previous Low at 100.035. Therefore it needs to brek the 96.190 1D Support within the next 4 sessions in order to develop a Channel Down. We are still bearish on the long term with TP = 75.792, 64.104.

Telegram: t.me/investingscope
www.investingscope.com

Over 65% accuracy on Private Signals Channel.

Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.

Free Channel: t.me/investingscopeofficial
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.