Peter Brandt suggests that Monero may be brewing a major market move
BlockBeats news, on October 21, renowned trader and chart analyst Peter Brandt, who successfully predicted the 2018 Bitcoin crash, released a technical chart of XMR (Monero) this morning. He indicated that the current Monero pattern is very similar to silver's pattern before its significant surge to $125, suggesting a potential major upward rally might be forming.
In the XMR monthly chart he published, XMR, after a long period of consolidation, is repeatedly testing/breaking through key resistance (roughly in the 500–600 area), and the moving average structure is also starting to strengthen.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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