Here's another beautiful lookig crypto chart - showing monero trying to take on HUGE resistance on the weekly chart, all at the same time. (weekly 20ma + Median of descending channel.)
If id breaks through all at once, this will occur within the next couple weeks, otherwise we can expect the correction to continue, and the next obvious buying opportunity will occur between $70 - $75.
Note the structure outlined in yellow - bears want to see a bear flag continuation, and they will be feeling really confident if weekly candle closes below the wedge. And as we all know, everything rides rides on BTC ( aslo battling the weekly 20ma).
Stay tuned for updates here.
Best of luck, hit the thumbs up!
If id breaks through all at once, this will occur within the next couple weeks, otherwise we can expect the correction to continue, and the next obvious buying opportunity will occur between $70 - $75.
Note the structure outlined in yellow - bears want to see a bear flag continuation, and they will be feeling really confident if weekly candle closes below the wedge. And as we all know, everything rides rides on BTC ( aslo battling the weekly 20ma).
Stay tuned for updates here.
Best of luck, hit the thumbs up!
