InvestingScope

XMRUSD: Lower Triangle break out but requires a support test.

Short
BITFINEX:XMRUSD   Monero
Monero has marginally crossed the 1D Triangle on 101.300 (RSI = 42.166, MACD = -2.174, Highs/Lows = -1.3445, B/BP = -3.9142) but not on a strong enough sequence to cross the previous Low at 100.035. Therefore it needs to brek the 96.190 1D Support within the next 4 sessions in order to develop a Channel Down. We are still bearish on the long term with TP = 75.792, 64.104.

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