Monero (XMR) is getting ready for a major consolidation.

Monero. The most anonymous cryptocurrency in the market.

The XMR-token has been in an uptrend for several months now.
but that's about to change as of now...

1. the 5-way uptrend is very well known bullish movement. the fifth bull move is the biggest as we can see on the chart.
most of the times if we see this pattern, it's followed by an ABC downtrend. (a healty but pretty big and long term consolidation).

2. the highest candlestick has an erormous wick on the upside which shows us there is a downtrend on the way.

3. if the consolidation starts you can be pretty sure it will be for at least 40-50%.


hints:
- If holding XMR => sell ASAP
- Buy-in at around 150-180 USD

possible patterns showing a market reversal (down => up)
1. rounded bottom
2. a candle that opens/hits the lowest point and closes on the high of the previous candle (1-day candles)


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if you have any questions then please leave a comment. all suggestions are welcome!

with profitable regards,
Perspect

Commentaire:

The idea we had was posted a bit to early, but we were right about the fall..
the posibble buying are was touched in a short window of time..
whoever had a buy order at around 160$ made a good buy.