jariii

XMR/BTC long-term resistance flipped support and double bottom

Long
BINANCE:XMRBTC   None
As you can see, the resistance levels of 2015/2016 have turned into support in 2021. Then, throughout all of 2021, it formed a huge double bottom right on that support. The higher the timeframe on these kinds of moves, the more accurate they turn out to be. Considering we had a big green daily candle yesterday, I'd say it's very likely that this was the bottom and we go up big time from here. As I mentioned in my other post, targets range from 67000 sats (~$300 - 350) all the way up to 500000 sats (~$2000 - 4000+ depending on where BTC is at that time). XMR is generally pretty stable so it should be an easy hodl. We're just waiting to see if the 4 year long downtrend finally reverses here. There's no guarantees, but if that trend finally reverses it's going to be wild.
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