Today I am watching XMR for a potential breakout of a bull pennant. This pattern comes after a breakout of major descending resistance which signals the end of the bear market. Currently prices are tagging resistance of the pennant which is why I am waiting for confirmation one way or the other. For a bull break to occur the best entry will be the retest of resistance now acting as support. Another option I am watching is for price to reject off this resistance and fall back to trending support one last time before a break. Either way I am bullish with how this is accumulating and will be watching for my target to be met.
Target-$82
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Watching a break for resistance. The more price reacts at a certain level the weaker it gets