XMRUSDT 4H
XMRUSDT
XMR remains within this descending pattern, which is a downtrend characterized by lower lows and lower highs, but if it does not miss the bottom of 163.8 we could see an accumulative triangle formation being formed, with high possibilities of an upside breakout.
No US macroeconomic data to be released this week, it should be a quiet trading week for BTC, putting a brake on dominance and the alts could make a good rally.
Important: You cannot miss the bottom of 163.6
Here are the supports and resistances in the 4H:
Main support levels: 163.6 / 159.5 / 156.4
Main Resistance Levels: 167.4 / 171.5 / 178.9
XMR remains within this descending pattern, which is a downtrend characterized by lower lows and lower highs, but if it does not miss the bottom of 163.8 we could see an accumulative triangle formation being formed, with high possibilities of an upside breakout.
No US macroeconomic data to be released this week, it should be a quiet trading week for BTC, putting a brake on dominance and the alts could make a good rally.
Important: You cannot miss the bottom of 163.6
Here are the supports and resistances in the 4H:
Main support levels: 163.6 / 159.5 / 156.4
Main Resistance Levels: 167.4 / 171.5 / 178.9
Renato Ulianov | Market Analysis & Trading
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
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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.
Renato Ulianov | Market Analysis & Trading
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
YouTube: youtube.com/@TradewithRenatoUlianov
Disclaimer: All content is for educational and informational purposes only and does not constitute financial advice.
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.