Peter Brandt Says Monero Chart Resembles Silver Before Its $125 Rally
Photo: TokenPost
Trader Peter Brandt compared Monero (XMR) with silver’s chart before the metal climbed to $125, suggesting a large move could be developing without giving XMR a price target. Brandt made the comparison Oct. 21 using a monthly Monero chart. After a long period of consolidation, XMR repeatedly tested or moved through resistance around $500 to $600. Its moving-average structure was beginning to strengthen. The $125 figure refers to silver’s rise, not a level Brandt set for Monero. His comparison focused on the shape of the charts. Brandt had previously named Monero his favorite chart among several altcoins he reviewed.
Source: TokenPost
