Monero in a symmetrical triangle

29 Eyl 2018

XMRUSD price is moving in a symmetric triangle, waiting for a breakout. I m looking at this market for a possible entry long or short. Since the daily chart is bearish and the higher level timeframes are bearish as well, I believe that it is more probable to get a break on the downside as a continuation of the trend but the price will tell us anyways.

3 Eki 2018

Not

Still moving into the triangle, waiting for the breakout. Looking at BTCUSD chart as well since the correlation is very strong.

11 Eki 2018

Not

Finally triangle has broke down. The technicall target of the triangle is around 72$, but I would be happy to take profits on previous support level at 80-83$.