๐ Daily TA: Monero (XMR/USD) | 17-11-2021
Hodl, dear members of LeoFinance!
Today, I would like to comment on the price chart of Monero.
In the daily chart (1D), XMR/USD is once again consolidating at the trend line: Let's wait and see if the price will receive enough support from the trend line to rebound and continue its upward journey
Interestingly, in the 4-hour chart (4H), XMR/USD has formed a triangle similar to a Symmetrical Triangle: As can be seen from the chart, right now, the price is in the final part of the triangle. If the chart exits the triangle in the upward direction then the uptrend will resume.
To be continued ...
As of the time of writing, one XMR costs $240,72 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 and a half 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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