Monero / BitcoinUpdated Monero XMRBTC - Falling Wedge Breakout
Looks like a pretty solid breakout of that wedge.
BTC has come up against some pretty significant resistance points that it hasn't been able to break yet, and is pretty overbought on the daily charts so there's a good chance it'll retrace for awhile before it tries again - so it seems likely that Monero will take this opportunity to rally.
BTC has come up against some pretty significant resistance points that it hasn't been able to break yet, and is pretty overbought on the daily charts so there's a good chance it'll retrace for awhile before it tries again - so it seems likely that Monero will take this opportunity to rally.
Note
As always keep an eye on BTC:
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.