TrendlineNoob

Giant Bull Flag on Monero's weekly timeframe

Panjang
BINANCE:XMRUSDT   None
We can see a giant bull flag on Monero's weekly timeframe with of course an overshoot of the pole, according to the pole size without the overshoot the price targets could reach or exceed previous ATH of around 500$ depending on the breakout zone also coinciding with the completion of the giant cup and handle patern, if we were to take the overshoot into account, price targets could be around 720$. We also need to take into account that if BTC and the markets decided to head south as many expect/expected Monero can easily fall to the 70$ range all while staying in the bullish flag. Currently we are flirting with the median line of the descending channel acting as resistance.
Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.