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Seeing Red: Is Monero Ready For Another Bull Run?

Hard to say with all of the uncertainty and craziness with BTC at the moment, but the last time there was a BTC spike and Monero fell down to these levels, soon after we saw an incredible bull run. Could it happen again? Well the Stoch indicates that it might not be soon. RSI is improving but I'm waiting for the Chikou span to cross with volume. In any case, picking up XMR at levels under 0.012 is a steal really.

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Seems like the trigger point for breakout is roughly 0.0124

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Hope you took my advice and bought around 0.0120 ;)

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Possible flag pattern playing out

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Close enough

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Short term thoughts

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Well that played out...perfectly...

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Ascending triangle building. RSI and Stoch supports

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BTC seems to be taking off again, I wonder if this will ruin the ascending triangle...

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Monero is entering a very tough resistance zone. I reckon its important for it to stay within the pitchfork

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4hr chart is actually a much better view of it

Brisben

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Monero Bull Might Be Running Out Of Steam

by Brisben

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