Peter Brandt: Monero may be brewing a big market movement

The famous trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, released a technical chart for XMR (Monero), indicating that the current Monero pattern is very similar to the pattern of silver before it surged to $125, potentially brewing a similar large-scale upward trend.

In the monthly chart of XMR he published, after a long period of consolidation, the price repeatedly tests/breaks through the key resistance (approximately in the 500--600 range), and the moving average structure is also starting to strengthen.