COINNEWSPeter Brandt Expects Growth in Monero
Renowned trader Peter Brandt predicts a significant increase in Monero (XMR) value, comparing the currency's current chart structure with silver's historical movement prior to its rally.
Technical Pattern Analysis
Peter Brandt, who has over fifty years of experience in futures trading and is the author of the bestseller Diary of a Professional Commodity Trader, noted the similarity between XMR's monthly chart and the silver chart (SI_F).
According to the expert, the cryptocurrency is preparing for a similar upward movement, akin to the one that led gold to the $125 mark.
Key Facts About the Forecaster
- Trading Experience: Over 50 years in the field
- Specialization: Classical chartist and long-term investing
- Founder of Factor LLC
- Author of the book Diary of a Professional Commodity Trader
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