XMR formed Cypher pattern for upto 40.5% bullsih rally

BITFINEX:XMRUSD   Monero / U.S. Dollar

Hi friends, hope you are well, and welcome to the new update on Monero.

On the weekly chart, the price action of the XMR has completed the final leg of bullish Cyhper and entered in the potential reversal zone. The price action is breaking down the 50 simple moving average but we have another good support of 100 SMA below the buying zone.

Possible profit and loss ratio:
This trade has a profit possibility of 40 .5%, and the loss possibility is 10%.

Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.

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