Monero is trading below the ascending trend line
Monero is trading below the ascending trend line, but above the descending mid term trend line, meaning the bulls have almost gained the momentum and have the opportunity to change the situation. XMR/USD is above the Ichimoku cloud and crossed two levels within several hours, indicating serious intent.
The main two scenarios for the next 8-10 hours are the following:
The price will break through the ascending trend line and go towards the next resistance area at $219. If this happens, buyers will finally restore their domination and bulls can expect an even greater rally.
XMR/USD bounces off the ascending trend line from below, crosses the support area at $214 (the price is testing it now) and declines towards the mid term descending trend line.
Check more details HERE
The main two scenarios for the next 8-10 hours are the following:
The price will break through the ascending trend line and go towards the next resistance area at $219. If this happens, buyers will finally restore their domination and bulls can expect an even greater rally.
XMR/USD bounces off the ascending trend line from below, crosses the support area at $214 (the price is testing it now) and declines towards the mid term descending trend line.
Check more details HERE
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