Daily timeframe
If we look at daily timeframe, Monero reach major resistance (black line).
This resistance forming a big symetrical triangle pattern with a big range, and if this reistance break up, $427 will be a good bullish target with 149% profit projection.
If we zoom in, I have smaller symetrical triangle pattern, with 62% profit projection at $262. The good news is, this pattern already broken.
you can see the detail here :
4 Hour timeframe
After break up blue symetrical triangle pattern, bullish flag pattern perform. We have previous support and also fibonacci support at $164.50, and right now, Monero touch it.
1.618 fibonacci Profit projection at $181.45 with 10.39% profit ratio
you can see details here :
In this analysis we have 3 target :
149% profit projection at $427
62% profit projection at $62
10.39% profit projection at $181.45
If you have any question, do not hesitate to contact me, and
your support at this analysis also support Monero to reach bullish target.
Happy trading
If we look at daily timeframe, Monero reach major resistance (black line).
This resistance forming a big symetrical triangle pattern with a big range, and if this reistance break up, $427 will be a good bullish target with 149% profit projection.
If we zoom in, I have smaller symetrical triangle pattern, with 62% profit projection at $262. The good news is, this pattern already broken.
you can see the detail here :
4 Hour timeframe
After break up blue symetrical triangle pattern, bullish flag pattern perform. We have previous support and also fibonacci support at $164.50, and right now, Monero touch it.
1.618 fibonacci Profit projection at $181.45 with 10.39% profit ratio
you can see details here :
In this analysis we have 3 target :
149% profit projection at $427
62% profit projection at $62
10.39% profit projection at $181.45
If you have any question, do not hesitate to contact me, and
your support at this analysis also support Monero to reach bullish target.
Happy trading
Comentarios:
nice pump at monero, we already have 6% profit, and almost reach resistance at 4 Hour timeframe analysis. I will update as soon as resistance line broken.