Monero, Cosmos, Maker Price Analysis: 11 October – AMBCrypto EnglishOctober 11, 2020
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.
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.
ATOM formed a rectangle pattern, and at press time, the price appeared to have broken