XMR long term chart suggests falling wedge in the making. Some more price consolidation pending. Monero prices have been consolidating for a long time, in a falling wedge pattern and it looks like finally the day of breaking out (or down?) would be here soon, its just a matter of few days may be. XMR/USD is trading 0.3 percent lower on day at $121.336 and in a narrow band of 2 percent. On the 720-minute chart, there is a clear visibility of a falling wedge being formed and its a matter of few more days or may be weeks before the prices finally break out of this range, which usually should be bullish for the prices. Once broken out on the upside, the prices should easily rally about $200 from the breakout point. For now, one more move towards $100 seems likely. XMR/USD 720-minute chart: FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Ethereum price analysis: Indecisive bulls, directionless bears FX Street 5 years XMR long term chart suggests falling wedge in the making. Some more price consolidation pending. Monero prices have been consolidating for a long time, in a falling wedge pattern and it looks like finally the day of breaking out (or down?) would be here soon, its just a matter of few days may be. XMR/USD is trading 0.3 percent lower on day at $121.336 and in a narrow band of 2 percent. On the 720-minute chart, there is a clear visibility of a falling wedge being formed and its a matter of few more days or may be weeks before… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
