Monero ranging -- sign of accumulation or distribution?
XMR moving nicely up and down respecting the range that has been formed.
During this consolidation phase it is wise to observe how price reacts around the EQ (50% of the range). A close bellow would indicate a sell-off while a good bounce off the EQ and a break above the range will be a strong buy signal for XMR.
During this consolidation phase it is wise to observe how price reacts around the EQ (50% of the range). A close bellow would indicate a sell-off while a good bounce off the EQ and a break above the range will be a strong buy signal for XMR.
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