Greetings,
I suggest you consider Monero's weekly chart, which was in a downward trend forming a wedge, after the breakage of the wedge +30% there was a rollback and confirmation of support in the zone 61-63. At the moment, a double bottom has formed, the working out of which will give +50% in zone 125, and further if the uptrend will develop targets indicated 175, 240, 350. Price levels are not an exact line, but rather a +/- 5-10% zone, which should be understood when placing orders. These levels see everything and there will be profit taking place near them by professional players, so you should place your orders earlier to guarantee the profit.
The instrument is locally in the upward channel, and support for 83-85 has been confirmed. At the moment, the level of 92-93 is a resistance and fixation above this zone will give a safer accurate entry. If the price does not break this level, the price will return to 83-85, where the horizontal level and the trend level (green) will be supported, while the blue trend level is a critical support, a break-down and a fixation below which will lead to a reversal of the scenario.
This is not a signal to buy, but information for observation. Always assess your risks and put a stop loss.
If you liked the idea, support with likes.
I suggest you consider Monero's weekly chart, which was in a downward trend forming a wedge, after the breakage of the wedge +30% there was a rollback and confirmation of support in the zone 61-63. At the moment, a double bottom has formed, the working out of which will give +50% in zone 125, and further if the uptrend will develop targets indicated 175, 240, 350. Price levels are not an exact line, but rather a +/- 5-10% zone, which should be understood when placing orders. These levels see everything and there will be profit taking place near them by professional players, so you should place your orders earlier to guarantee the profit.
The instrument is locally in the upward channel, and support for 83-85 has been confirmed. At the moment, the level of 92-93 is a resistance and fixation above this zone will give a safer accurate entry. If the price does not break this level, the price will return to 83-85, where the horizontal level and the trend level (green) will be supported, while the blue trend level is a critical support, a break-down and a fixation below which will lead to a reversal of the scenario.
This is not a signal to buy, but information for observation. Always assess your risks and put a stop loss.
If you liked the idea, support with likes.
