$XMR

Trade setup: Trends are mixed but price remains in a long-term Uptrend. It's trading in a Sideways Channel. Swing Traders: can trade the Channel, enter near channel support of $146-$150, with +20% upside potential to $180. Stop Loss (SL) at $134 (below prior swing low). Trend Traders: wait for price to breakout out of the Sideways Channel, above the $180 resistance to signal continuation of Uptrend, with +10% potential upside to $200. Learn to trade breakouts in Lesson 7. XMR was delisted on OKX and Binance in February, which lead to the big gap down. However, recently, Coinbase has relisted XMR on its exchange. (set a price alert).

Pattern: Price is trading in a Sideways Channel , which is a neutral pattern (indication of market indecision). Trend Traders ought to wait for a breakout in either direction, although typically it breaks in the direction of the existing trend. Swing Traders can trade the range - Buy near Support and Sell near Resistance.

Trend: Short-term trend is Down, Medium-term trend is Down and Long-term trend is Strong Up.

Momentum is Bearish but inflecting. MACD Line is still below MACD Signal Line but momentum may have bottomed since MACD Histogram bars are rising, which suggests that momentum could be nearing an upswing. Price is neither overbought nor oversold currently, based on RSI-14 levels (RSI > 30 and RSI < 70).

Support and Resistance: Nearest Support Zone is $150.00, then $116.00. Nearest Resistance Zone is $180.00, then $200.00. #MarketDownturn #CryptoMarketMoves