XMR/USDT: Exploring Opportunities with Triangle Pattern

Aug 22, 2023

💎 Hey there, Paradisers! Let's take a look at XMR/USDT using the daily chart. It's forming a triangle pattern with well-defined demand and supply zones. The triangle is being shaped by trendlines that offer support and resistance. Recently, it got a small bounce from the supportive trendline and demand zone of 135.5.

💎 To get the best entry point, you might want to wait for a slight price dip. This could give you a more advantageous buying opportunity. Once we see a bullish pattern near the support trendline and demand zone, there could be potential for a push towards the 161.1 supply zone and the resistive trendline. Keep an eye out, ParadiseSquad!