Monero, pushing from below from the slow moving average of the daily chart, irresistibly rushed down, crossing out the hopes of a new wave of growth.
Closure of the day below the important level of $ 280 (the middle of the big wave of growth from 80 to 480) and the closing of the day at the minimum rate for the last 6 weeks - all this is a strong bearish signal.
We lower the recommendation for XMRUSD from "Neutral" to "Sell"
And we recommend that you open short positions if there is any rebound of the rate.
Support: $ 160 and $ 80
Resistance: $ 290 and $ 340
Cancellation of the idea is if receiving a buy signal from the indicator "Intersection of moving averages"
Closure of the day below the important level of $ 280 (the middle of the big wave of growth from 80 to 480) and the closing of the day at the minimum rate for the last 6 weeks - all this is a strong bearish signal.
We lower the recommendation for XMRUSD from "Neutral" to "Sell"
And we recommend that you open short positions if there is any rebound of the rate.
Support: $ 160 and $ 80
Resistance: $ 290 and $ 340
Cancellation of the idea is if receiving a buy signal from the indicator "Intersection of moving averages"
