Monero Buy Idea
Monero / Dollar BITFINEX:XMRUSD
D1 - Price reached the bottom of the triangle, bullish divergence . There are two possible scenarios from here.
Scenario 1 - We may expect a correction to happen until price reaches the zone between 123.90 - 118.71. Once the correction completes itself, we may then start looking for buys.
Scenario 2 - In this scenario we may expect a deeper correction with the price moving lower below the bottom of the daily triangle, thus creating a false break for us. Once the false break completes itself we may then start looking for buys.