Break-out confirmed. Attempt for a Lower High and then short.

2018년 8월 29일

Monero is about to break the Rectangle's 109.147 Resistance, having already crossed the resisting line (straight blue) of the 1D Falling Wedge (now on bullish Highs/Lows = 6.3066, B/BP = 16.4176). Crossing the Rectangle is translated into an attempt to price a Lower High on the 1W level, which remains a strong bearish Falling Wedge (MACD = -27.038, Highs/Lows = -6.4217, B/BP = -51.2617). The Lower High should be between the 0.5 and 0.618 Fibonacci Retracement zone (113.099 - 122.130) from the previous 1W High = 150.042. We expect the blue curves to contain any further upside attempts on XMRUSD.