XMRUSD 2H CHART MONERO TIMECYCLE ENTRY LEVEL

Monero has tested several times resistance on the $47 region.

for long-term positions. A close above resistance, will lead to an immediate target of $52

However, price has been in range between major support and resistance zones for over a month.

Moreover, there seems to be a timecycle we might take advantage for some trades. Bands in red and green are very narrow, to avoid risk.

ATR is low, market on downtrend. Wait for a bounce back up around the cycle, and confirm with RSI, candle pattern and DMI.

WNZ
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