This article was posted on Wednesday, 15:57, UTC.
Monero: Long-Term Buy Monero, 4-Hour Chart analysis Monero is consolidating near its all-time highs from last September, around the 20 level. An encouraging short-term base formation is developing between 17 and 18, and that could serve as support for a new leg up in the strong rally in March. The currency is in a wedge formation, with a likely break-out from the pattern in the near future. Long-term investors could establish a position in the current low-volatility environment with favorable risk-return ratios. Stop-loss orders might be placed below the base formation, while the 23 and 26 resistance levels provide targets…
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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.