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
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.