InvestingScope

XMRUSD: Triangle broken. Channel Down emerging. Short.

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BITFINEX:XMRUSD   Monero
Monero has just broken the 1D Triangle pattern (RSI = 46.663 but Highs/Lows = -0.5639, B/BP = -3.4316, STOCH = 26.172) as it hit the Lower High limit on the 1W Falling Wedge (MACD = -24.635, Highs/Lows = 0.0000, B/BP = -14.6106). We expect now the 1D to gradually develop a Channel Down that will get further downside confirmation on 96.192. We thus remain short on the long term on XMRUSD with TP = 75.792, 64.104.

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