Technical analysis by 3Commas about Symbol XMR: Buy recommendation (1/29/2025)

XMRUSD indicates that the price has successfully broken out of the upper boundary of the consolidation channel at the $185 level, signaling a potential shift towards a more defined bullish trend. The price is currently trading above the EMA Ribbon, which is upward-sloping, further confirming the strength of the ongoing trend.If the price sustains above the $185 level and continues forming higher highs, potential take-profit levels could be set at $290 (TP1) and $340 (TP2), both aligning with significant historical resistance zones. This setup presents an attractive opportunity for buyers looking to capitalize on the recent momentum.👨🏻‍💻💭 Do you believe this breakout will hold, and the projected levels will be reached? Share your insights on this analysis!__The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.