InvestingScope

XMRUSD: Sideways within the Triangle. Expecting bearish breakout

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BITFINEX:XMRUSD   Monero
XMR has resumed the sideways movement within the 1D Triangle (RSI = 50.506, ADX = 31.310, Williams = -48.896) as it failed to deliver a Lower Low below 100.000. We expect a rejection on the 115.780 Resistance and a break-out test at 104.000. Breaking the 96.190 1D Support will pave the way for our long term bearish targets (75.792, 64.104).

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