Monero 149% profit projection

Daily timeframe
If we look at daily timeframe, Monero reach major resistance (black line).
This resistance forming a big symetrical triangle pattern with a big range, and if this reistance break up, $427 will be a good bullish target with 149% profit projection.

If we zoom in, I have smaller symetrical triangle pattern, with 62% profit projection at $262. The good news is, this pattern already broken.
you can see the detail here :

4 Hour timeframe
After break up blue symetrical triangle pattern, bullish flag pattern perform. We have previous support and also fibonacci support at $164.50, and right now, Monero touch it.
1.618 fibonacci Profit projection at $181.45 with 10.39% profit ratio
you can see details here :

In this analysis we have 3 target :
149% profit projection at $427
62% profit projection at $62
10.39% profit projection at $181.45

If you have any question, do not hesitate to contact me, and
your support at this analysis also support Monero to reach bullish target.

Happy trading

Bình luận:

nice pump at monero, we already have 6% profit, and almost reach resistance at 4 Hour timeframe analysis. I will update as soon as resistance line broken.