If we duplicate the rest of the current corrective cycle through the bars pattern with similar geometry, it breaks out of the 5 year resistance! Not saying it will happen but it is intriguing. Similar ideas have worked. Additionally, it looks like we could still face 20% downside against BTC before the potential resistance break.
What do you think? Will the XMR 5 year bear trend continue or will we get a breakout?
Thanks for taking a look. Good luck and don't forget to hedge your bets!
What do you think? Will the XMR 5 year bear trend continue or will we get a breakout?
Thanks for taking a look. Good luck and don't forget to hedge your bets!
Kommentera:
Very interesting. Seems very oversold vs BTC even still. XMR Fork is coming August 13th. Maybe we'll have a short-term peak then?