Seeing Red: Is Monero Ready For Another Bull Run?
Updated
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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Note
Seems like the trigger point for breakout is roughly 0.0124Note
Hope you took my advice and bought around 0.0120 ;)Note
Possible flag pattern playing outNote
Close enoughNote
Short term thoughtsNote
Well that played out...perfectly...Note
Ascending triangle building. RSI and Stoch supportsNote
BTC seems to be taking off again, I wonder if this will ruin the ascending triangle...Note
Monero is entering a very tough resistance zone. I reckon its important for it to stay within the pitchforkNote
4hr chart is actually a much better view of it
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