Godly

Monero is slipping [Market Geometry/EW]

Short
Godly Updated   
POLONIEX:XMRUSDT   Monero / Tether USD
Looks like XMRUSDT could be facing the same dilemma as a lot of the other altcoins; although it is proving a bit stronger compared to a numerous amount of other coins; it might not be enough. For a safe short, wait for a close below the white line with breaks in it or a bounce off of the cyan line and through the white line with breaks in it. For a safe long, wait for the price action to close above the cyan line.

Buy: $35.63
Sell: $33.2, $11.6
Stop/Loss: $41.5/$39.8
Timeframe: Approximately 1 week to 2 months
Trade closed: target reached:
Take profit reached.
Trade active:
Enter yet another short position at the green box marked.
Trade active:
Uptrend broken
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