Some weeks ago I made an analysis on XMR and the bearish channel it was trading in. My main point was to wait for a break of either of the dotted yellow lines for either a bearish or bullish confirmation. Now that the price has successfully broken the top yellow resistance, I'm looking for more short term bullishness for XMR.
Main target for the near-term is the top of the channel. Most likely move after that will be a bearish rejection, but too early to say whether it will really occur.
Main target for the near-term is the top of the channel. Most likely move after that will be a bearish rejection, but too early to say whether it will really occur.
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