Technical Analysis of Monero (XMRBTC)

BITFINEX:XMRBTC   Monero / Bitcoin
Long XMR with a short term taget of 0.021358 and 0.002680 BTC level

1)Monero broke the 1 month downtrend channel which is shown in Purple.
2)The immediate resistance will be 0.021358 BTC level which can be considered as a minor resistance.
3)The major resistance will be at 50% Fib. Retracement level.
4)The immediate support will be 0.018025 BTC level.
5)The major long term trend of Monero is bullish as can be seen by the green uptrend line.
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