Monero Ascending Channel (Bullish Potential)

Monero (XMRBTC) is trading within an ascending channel and is showing a pretty simple and basic set up.

Now that the lower end of the channel has been touched, you can expect a bounce from current price level.

If XMRBTC is to drop lower, support can be found on the next fib. level.

All details can be seen on the chart.

Take a quick look at our Monero (XRMBTC) Full Active Trade:

Feel free to hit like to show your support.

Thanks a lot for reading.

Namaste.

Comment:

The ascending has been taken out and XMRBTC is now trading at support.

Here is the chart:

- The divergence is showing up on both indicators now, RSI and MACD.
- It can still go lower as most altcoins are hitting long term support or new lows.