I see XMR/BTC finding support at the lower end of the long established channel. I also see bullish divergence on RSI at the daily level, and a descending wedge that may break out. With BTC/USD falling, It seems like there is a very good chance for XMR/BTC to rise and consequently, it's USD value to return to the old ATH 2.63% or make a new one.
Updated fib levels from my previous, somewhat rushed chart.
Updated fib levels from my previous, somewhat rushed chart.
Note
Bullish pennant forming on the 4 hour chart:
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.