Monero Bullish reversal in sight [buyers overcame prior selling]

XMRUSD
Existing Downtrend
The existence of a downtrend over the last two weeks can be determined by using moving averages, peak/trough analysis or trend lines. Monero could be deemed in a downtrend based on one of the recent break of key support at $80. What seemed to be a pattern of lower highs and lower lows suggested a strong downtrend.

Support

Look at bullish reversal at support level to increase robustness. Key Monero support levels moving higher and away from previous danger zone around 80 USD. Support has been identified with moving averages, previous reaction lows, trend lines and Fibonacci retracements.

Momentum
Positive divergences in MACD, PPO, Stochastics, RSI, StochRSI or Williams %R would indicate improving momentum and increase the robustness behind a bullish reversal pattern.

its time to buy when
Look for bullish candlestick reversal in XMR trading near support with positive divergences and signs of buying pressure. On Balance Volume (OBV), Chaikin Money Flow (CMF) and the Accumulation/Distribution Line can be used in conjunction with candlesticks. Strength in any of these would increase the robustness of a Monero reversal.