Monero has tested several times resistance on the $47 region.
for long-term positions. A close above resistance, will lead to an immediate target of $52
However, price has been in range between major support and resistance zones for over a month.
Moreover, there seems to be a timecycle we might take advantage for some trades. Bands in red and green are very narrow, to avoid risk.
ATR is low, market on downtrend. Wait for a bounce back up around the cycle, and confirm with RSI, candle pattern and DMI.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
for long-term positions. A close above resistance, will lead to an immediate target of $52
However, price has been in range between major support and resistance zones for over a month.
Moreover, there seems to be a timecycle we might take advantage for some trades. Bands in red and green are very narrow, to avoid risk.
ATR is low, market on downtrend. Wait for a bounce back up around the cycle, and confirm with RSI, candle pattern and DMI.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me/ZeddmoTrading
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.