MONERO BREAKOUT OR BREAKDOWN .. 80% MOVE IS IMINENT

Hi Everyone

12 TF We have Symmetrical Triangle close to the apex for a breakout or breakdown

I have done a fib ext pull to give potential targets both ways ... the1-1 extention

aligns with the measured move of the triangle from Hi -Lo .

Wait for a break of the support or the resistance and a candle close and Backtest before taking a trade and

be aware of a potential fake out to the upside first or vice versa ..this is why the backtest should be waited for .

follow the rules for validation to take entry and your trade wont be invalidated.

manage risk and SL and thanks for your support.

Any comments or questions then write away

Comment:

Monero has been a slow mover but finally its off to new highs
Will update again over the coming days

Comment:

stayed above the .382 and looking good for the continued rise upwards ..although be cautious with BTC as always .
I will be targetting the 1-1 ext as seen in the chart with alerts set

Comment:

337.80 Still my target

Comment:

Target Hit and most of my position is closed I have 20% still left on the table for potential price discovery ..will update again later today

Trade closed: target reached