- XMR/USD has compleated a major head and shoulders pattern.
- Price is now headed to a massive support zone.
- If the bearishness continues the next support down is 60.000
Volume has been light for a few session only to pick up on the sell-side.
On the left-hand side, the volume composite profile is showing a major volume node near this price level.
Technical protocol dictates a head and shoulders price break target is as long as the pattern. That would make the target another USD 47 lower if the key level breaks.