Just like with bitcoin i said a few days earlier in the same chart that Monero would possibly pull down a little bit more to form the right shoulder of the inverse h&s pattern and at the moment of making this post everything seems to play out well. I do now claim we are out of the bear market yet but if monero continues its way up we could see it break 325 resistance level and test it as a support before heading to higher levels.
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.