๐ Daily TA: Monero (XMR/USD) | 08-10-2021
Hodl, dear members of LeoFinance!
Today I would like to comment on the price chart of Monero.
In the weekly chart (1W), XMR/USD has rebounded from the trend line: So, it is clear that the uptrend remains in place.
Moreover, in the 1-hour chart (1H), XMR/USD has exited the Bullish flag (typical trend continuation pattern):
As can be seen from the chart, a breakout took place and the price has resumed the uptrend. In this case, we have a bullish signal confirmed on the weekly chart and the 1-hour chart. That's why it is highly probable that XMR/USD will continue to increase in price.
To be continued ...
As of the time of writing, one XMR costs $283,65 on the Binance crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for the last 15 years, and as a cryptocurrency analyst for the last 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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