Monero XMRBTC - Rounding bottom / Inv H&S / Cup & Handle ideas
It's unclear which way this is going to go as I imagine it will have a lot to do with where BTC goes - but here are some ideas I'm seeing & things to watch for (see chart).
If it goes in this direction and ends up forming a bowl, LOOK OUT! Because this would be the handle on a large cup that started with the last ATH around 0.0270 and would point to a pretty huge upside.
I'll post a chart for that if it looks like this is playing out in some way.
It's also possible that we'll form a downward channel, which would also eventually be bullish but would mean downside for the next couple weeks.
Let's see where it goes!
If it goes in this direction and ends up forming a bowl, LOOK OUT! Because this would be the handle on a large cup that started with the last ATH around 0.0270 and would point to a pretty huge upside.
I'll post a chart for that if it looks like this is playing out in some way.
It's also possible that we'll form a downward channel, which would also eventually be bullish but would mean downside for the next couple weeks.
Let's see where it goes!
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Double Bottom:
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Bullish Divergence:
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Lots of signs of a reversal, so I'm a lot more confident about this idea.
