Based on the price action analysis, a sell off happened on 7 May 2021 where price at the all time high was $519 and drop to $180 where most of investors are holding this level at now moment. A break above $225 area show the increase in demand for Monero and the decrease of bearish pressure. Its been 3 months price holding $225 area. Thats a opportunity to buy at this level. A break above descending trendline area could means a continuation of bullish pressure. For long term investment Im very bulllish on Monero because it has such a strong intrinsic value for the future of Cryptocurrency which is the use case of the coin itself the main reason why crypto world are here.
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.