Long
Monero is looking good for a long if this key level holds
Monero has recently broke above a key resistance level & closed above the level on the Daily Timeframe .
A small pullback & retest of the key resistance around the 275 price mark has happened & is currently in accumulation.
RSI on the Daily Timeframe is 57.28, indicating an uptrend whilst still having lots of room before entering overbought territory.
The price is currently above the 50,100 & 200 EMA .
If the price is able to stay above the resistance level mentioned then a long from this area looks good.
Short term target would be the previous local high & resistance marked on the chart at around the 329.5 - 339.9 level.
Possible longer term targets are also shown on the chart.
Not financial advice, just sharing my idea.
Good luck.
A small pullback & retest of the key resistance around the 275 price mark has happened & is currently in accumulation.
RSI on the Daily Timeframe is 57.28, indicating an uptrend whilst still having lots of room before entering overbought territory.
The price is currently above the 50,100 & 200 EMA .
If the price is able to stay above the resistance level mentioned then a long from this area looks good.
Short term target would be the previous local high & resistance marked on the chart at around the 329.5 - 339.9 level.
Possible longer term targets are also shown on the chart.
Not financial advice, just sharing my idea.
Good luck.
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.