Monero, Cosmos, Maker Price Analysis: 11 October – AMBCrypto English

October 11, 2020 By admin

Monero and Maker could be set for a minor pullback on the charts, before resuming their previous uptrend. Cosmos might break to the upside and post healthy gains, although a few more trading sessions would make Cosmos’ scenario clearer.

Monero [XMR]

Monero, Cosmos, Maker Price Analysis: 11 October

source: XMR/USD on TradingView

XMR was forming higher highs, while the momentum indicator (RSI) made lower highs. A rising wedge pattern (white) was also being formed, while the trading volume was also trending lower (orange).

Taken individually, a bearish divergence in a bull market nor a rising wedge could be evidence that could highlight the next possible move. However, taken together, it can be concluded that XMR might be forced towards $108 or lower in the next few days.

After a minor pullback, it is likely that XMR would resume its prior uptrend on the charts.

Cosmos [ATOM]

Monero, Cosmos, Maker Price Analysis: 11 October

Source: ATOM/USD on TradingView

ATOM formed a rectangle pattern, and at press time, the price appeared to have broken
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