XMRUSD bias looks bullish . The pair pushed upwards from the 200-days EMA and 61,8% Fibonacci level of the global trend.
Recently XMRUSD crossed the 250.0 psychological resistance, which lies near to the 50% Fibonacci level.
One more argument in favor of the uptrend scenario is a clearly visible Head And Shoulders pattern with shoulders line at the 260.0 level. If the price manages to hold above that level, this will finish the pattern and push the price higher to the next resistance levels at the psychologically significant price 300.0 and global correction angle resistance line.
Recently XMRUSD crossed the 250.0 psychological resistance, which lies near to the 50% Fibonacci level.
One more argument in favor of the uptrend scenario is a clearly visible Head And Shoulders pattern with shoulders line at the 260.0 level. If the price manages to hold above that level, this will finish the pattern and push the price higher to the next resistance levels at the psychologically significant price 300.0 and global correction angle resistance line.
Kommentera:
Monero broke above the 300.0 resistance. Next resistance levels are Angle Resistance and 23.6% Fibonacci level (368.666).