Get started
TraderT33

Monero 2020-2021 fractal

Long
Monero (KRAKEN:XMRUSD)  
TraderT33 Updated   
KRAKEN:XMRUSD   Monero
Support and Resistance Trend Lines Fractal
4
1
supportandresistance trendline fractal
There are some similarities with the 2020-2021 fractal. If it's able to break into the next range (about 174-270) I believe something beautiful could happen to Monero next year.
Comment:
We're getting close to a 20/100 weekly EMA cross. I added green circles around the previous times these happened:
snapshot

If we don't get a disaster and we actually get a cross something beautiful might indeed happen to monero.
Comment:
Although still pretty shallow, the weekly 20/100 EMA cross seems to be happening:
snapshot

There was also some delisting news from binance and OKX. Dare we say that at this time XMR seems to be digesting it pretty well? As of now XMRUSD is still battling with that pesky $174 level though, so remains to be seen... I have a hard time extrapolating what these delistings will ultimately mean for the price of Monero...
Comment:
Off course Mr. Market sensed I became a bit bullish and decided to punish me for it. As of now NO weekly 20/100 EMA cross!
snapshot
Comment:
This idea totally failed. Won't update further.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.