This article was posted on Thursday, 16:25, UTC.
Monero: Short-Term Buy (update) Monero, 4-Hour Chart Analysis Monero continues to trade in a holding pattern between the $20 and the $22 levels since our recommendation. The altcoin held up well, despite the spikes lower towards the $20 support, but it failed to stay above the $22 level sustainably. The triangle consolidation looks to be ending soon so the next major swing is expected to happen in the coming days. Short-term traders might hold on to their positions or wait for a break-out above $23 to trade the next significant move in XMR. Long-term support is still found between…
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Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.