Monero 149% profit projectionDaily timeframe
If we look at daily timeframe, Monero reach major resistance (black line).
This resistance forming a big symetrical triangle pattern with a big range, and if this reistance break up, $427 will be a good bullish target with 149% profit projection.
If we zoom in, I have smaller symetrical triangle pattern, with 62% profit projection at $262. The good news is, this pattern already broken.
you can see the detail here :
4 Hour timeframe
After break up blue symetrical triangle pattern, bullish flag pattern perform. We have previous support and also fibonacci support at $164.50, and right now, Monero touch it.
1.618 fibonacci Profit projection at $181.45 with 10.39% profit ratio
you can see details here :
In this analysis we have 3 target :
149% profit projection at $427
62% profit projection at $62
10.39% profit projection at $181.45
If you have any question, do not hesitate to contact me, and
your support at this analysis also support Monero to reach bullish target.
Happy trading