Monero is coming up to a triangle situation between a current downtrend and an old uptrend. The downtrend is more steep then the uptrend, which indicates possible trend inversion. Also, a possible inverse head and shoulders pattern seems to be forming.
I'm a newbie, but it seems to me this analysis makes sense. Also, the stochastic RSI seems to tell an upcoming uptrend.
On the following days, XLM better break the resistance or it will continue its downtrend down to almost the same value it was before. If it breaks, it may have a long channel up ahead.
Lets see if it breaks next resistance level, forms an uptrend and adheres to the main channel.
If ETH doesn't break the current downtrend after 1 August, it may well continue down to next resistance level at about 115.
Augur has been falling for two months now, after a quick rise in just two weeks. It's right on main resistance level and it may swing back. Stochastic RSI is showing an coming uptrend, lets see if it does. Augur recent vulnerability won't help it though.
An old uptrend meets a more recent downtrend. It looks like there's an inverse head and shoulders pattern forming. Am I right?
And on the next days we will see if it continues on it. Stochastic RSI seems to say so.