Monero (XMR)

16 Tem 2023

Monero is one of the first crypto project which focused on privacy and anonymously. After a big ascent, XMR entered into a long oscillation period in a wide side way channel. Recently, due to the Ripple (XRP) court ruling that caused pump in crypto market, XMR broke the consolidation triangle pattern upward. Could this be the start of an impulse upward wave to the channel's upper line, or even beyond? Let's see what happens.

Note that this the weekly chart.

21 Eyl

Not

So, XMR has been oscillating in a big descending triangle pattern. Now it seems Monero broke out of this triangle pattern and is trying to break the major horizontal resistance area. If successful, Monero can go towards the highest level area. Let's see what happens.