XMRUSD - Do not expect this one to turn bullish any time soon
You may have noticed the market standing still.
Bitcoin is really capable of going in either direction at the moment. But the direction for XMRUSD is pretty clear.
As mentioned in the last trade, XMR lost its uptrend. Furthermore it closed the monthly candle in a hammer candle, taking that downtrend / triangle resistance.
Be prepared for further downwards movement.
Happy Trading!
Bitcoin is really capable of going in either direction at the moment. But the direction for XMRUSD is pretty clear.
As mentioned in the last trade, XMR lost its uptrend. Furthermore it closed the monthly candle in a hammer candle, taking that downtrend / triangle resistance.
Be prepared for further downwards movement.
Happy Trading!
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Penafian
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