XMR Day Trade
Welcome Back!
Today I am watching XMR for a potential breakout of a bull pennant. This pattern comes after a breakout of major descending resistance which signals the end of the bear market.
Currently prices are tagging resistance of the pennant which is why I am waiting for confirmation one way or the other.
For a bull break to occur the best entry will be the retest of resistance now acting as support.
Another option I am watching is for price to reject off this resistance and fall back to trending support one last time before a break.
Either way I am bullish with how this is accumulating and will be watching for my target to be met.
Target-$82
Today I am watching XMR for a potential breakout of a bull pennant. This pattern comes after a breakout of major descending resistance which signals the end of the bear market.
Currently prices are tagging resistance of the pennant which is why I am waiting for confirmation one way or the other.
For a bull break to occur the best entry will be the retest of resistance now acting as support.
Another option I am watching is for price to reject off this resistance and fall back to trending support one last time before a break.
Either way I am bullish with how this is accumulating and will be watching for my target to be met.
Target-$82
Nota
Watching a break for resistance. The more price reacts at a certain level the weaker it getsTrade fechado: stop atingido
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.