XMR/USDT Possible head and shoulders formation

BINGX:XMRUSDT

XMR/USDT is one of the dinosaurs of the crypto world, the asset in my reading is set to build a head and shoulders formation.


The operational risk of this trade is low compared to the potential, I believe that in the break-even zone, confluent with the neckline of the OCO I will consider taking my risk out of the operation.

The Asset has broken out of an uptrend channel, which should lead either to a laterality or to a reversal context, if it is a reversal it is aimed at a correction in Fibonacci zones or even at the beginning of the uptrend channel.


That's my perspective for the future price shift.


So the targets in my reading for the asset will be; 139 / 128 / 120 / 105.5

🔴Disclaimer: The comments above reflect solely and exclusively my opinion, this is not a recommendation to buy or sell. Just a series of published studies, so that with the community we can discuss tactics and operational techniques.

🔹 Would you like to ask any questions, take that doubt? Feel free, I'll be happy to help.