On the daily timeframe market has made a strong bearish impulse breaking below support, which is now being followed by a nice correction to retest previous support as new resistance... we are waiting to see how the market reacts to this new level of structure if we see proper confirmations we will then drop down to the 4hr timeframe and wait for new bearish...
Hidden bullish divergence on the Daily chart on the monero USD chart.
The negative momentum has played out and was bigger this time compared to the last low however it did not manage to push the price lower.
#XMRUSDT - long
Friends, greetings. The Monero coin is in retest of the channel it left. I expect a slight correction and upward movement of the coin. But I would like to point out that the market now looks very consolidated. And so you have to be careful. Observe risk management.
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We drew the previous global analysis on a 3D timeframe.
But Monero stubbornly does not want to work it out, so it's time to figure out what's the matter on a smaller timeframe.
For 9 months, the price deftly moves upward in a channel, and any attempt to flow the price of an anonymous coin is skillfully bought back.
It is safe to say that Monero most worthy of...
". There is a possibility of temporary retracement to suggested support line (136.4).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. XMRUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
On January 10, there was a fierce struggle in the XMR market for the range of $168-172. Volatility that day was rampant and the prospect of continued growth as well.
Trading volumes were abnormally high. On this day, the price of XMR fell sharply and hit the mark of $120 in 2 weeks.
The new buyer's attack on January 27 looks much weaker. Particularly low...