- The formation of the double-top pattern is the force behind the ongoing gain trimming exercise.
- XMR/USD short-term trend is bearish bias as indicators signal turn negative.
Monero is sitting conformably above the trendline. The price, now at $69.00 extended the weekend uptrend achieved levels slightly above $73.00. The formation of the double-top pattern is the force behind the ongoing gain trimming exercise. A double-top pattern is a bearish pattern that indicates a change in the trend of the market.