🔥 XMR Descending Wedge Re-Test Before Take-Off
Monero / TetherUS BINANCE:XMRUSDT
XMR has been one of the major gainers of the last couple of weeks. Even with BTC falling, XMR doesn’t give it’s uptrend away and keeps on performing much better than the market.
In my last XMR analysis I talked about the bullish break out. After reaching the $250 area, I expected further downside, which is now potentially starting.
BTC is seemingly in a freefall, with more downside potential looming. In this case, I’m going to scout a higher-low for XMR. Ideally, this higher low will occur at the top resistance of the descending wedge pattern.
Keep an eye on BTC and the overall market before making an entry. Happy trading!
