🔥 XMR Bull-Flag Forming: Break Out Soon

١٠ فبراير ٢٠٢٢

XMR has been one of the major gainers since we bottomed a couple of weeks ago. During such run-ups, it's often the case that the asset needs to 'cool-off' before it can continue going up (or down, for the matter).

As seen on the chart, XMR is currently trading horizontally for a couple of days. I'm expecting the horizontal pattern to continue for now, but we should be expecting a break out in the near future. A break above $188 would be a nice signal for a bullish break out for example.

Be aware XMR could also break bearish, however this is the lesser likely scenario.

Happy trading!