Technical analysis by Peet_Serfontein about Symbol XMR: Buy recommendation (3/25/2024)

A price action above 141 supports a bullish trend direction. Increase long exposure for a break above 150. This level is also the 61.8% Fibonacci retracement level. The target price is set at 163 (its 78.6% Fibonacci retracement level). The stop-loss level is set at 129 (just below its 38.2% retracement level). It will appear that a falling wedge pattern is busy developing. Such a pattern is bullish in nature.