The next 24 hours are going to be critical in determining whether Monero will continue its upward trend that it's been following since the start of November, or if Monero will face some more bearish pressure.
There's bearish divergence with MACD and the WaveTrend Oscillator which could indicate bulls are having trouble sustaining this upward trend. On the other hand, OBV is still rising and if Bitcoin shows some weakness in the short term traders may turn to Monero for protection.
Overall, I don't feel safe going long on Monero until it breaks these signs of bearish divergence. Whereas, if it falls through the 10.15 mBTC support, we could see quite a drop (likely down to the next Gann angle, at 9.5 mBTC).
There's bearish divergence with MACD and the WaveTrend Oscillator which could indicate bulls are having trouble sustaining this upward trend. On the other hand, OBV is still rising and if Bitcoin shows some weakness in the short term traders may turn to Monero for protection.
Overall, I don't feel safe going long on Monero until it breaks these signs of bearish divergence. Whereas, if it falls through the 10.15 mBTC support, we could see quite a drop (likely down to the next Gann angle, at 9.5 mBTC).
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。