Monero Road Ahead
Mis à jour
Monero has been trading in a downtrend for a while, and almost strictly within the red shaded (fib .236 - .382) area for 11 months straight. It has a date with destiny soon though, and will either breakout within the shaded triangle area or collapse down to the $145 range. If Monero clears the .382 fib line at $172.60, I really need to see a firm retest. To confirm both the breakout of the downtrend, and the flippening of .382 from strong resistance to support.
The .5 fib at $195 will not be as strong as what .382 has been. If Mordinals or larger macro factors hit quickly, $195 will be taken over with little resistance.
Entering now at $160 and exit upon passing $195. Targeting $205 for a 28% gain sometime in late April/early May. NFA
The .5 fib at $195 will not be as strong as what .382 has been. If Mordinals or larger macro factors hit quickly, $195 will be taken over with little resistance.
Entering now at $160 and exit upon passing $195. Targeting $205 for a 28% gain sometime in late April/early May. NFA
Note
Barreling up to our marked breakout range (blue triangle). Looking for any potential rejections but we should be breaching this downtrend soon.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.