Over the last few days, XMR has produced a bearish channel on its chart. With BTC slightly reversing in the last couple of hours, a lot of alts are seeing a bounce right now.
In my view, this bounce is temporary, we will soon continue the down trend as per my most recent BTC analysis. The top of the channel would be a great place to enter any potential shorts on this pair.
Trade with caution. BTC can move very erratic and will take the market with it, any direction.
Happy trading!
In my view, this bounce is temporary, we will soon continue the down trend as per my most recent BTC analysis. The top of the channel would be a great place to enter any potential shorts on this pair.
Trade with caution. BTC can move very erratic and will take the market with it, any direction.
Happy trading!
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