When price doesn´t move for a 8 months, after a long downtrend, I think it´s very bullish sign and sign of huge accumulation. I think, we will see finishing 5 wave structure, because on lower time frames, there is nice triangle, which should break downside, towards 7683 satoshi, and then we should see that final 5th wave. But generally, next several weeks or even months should be very bad for altcoins, but Monero isn´t really too much correlated to bitcoin, so it should be fine.
Comment:
Here is that triangle. There will be very nice long setup with good stop loss, below pretty strong support.