I see XMR/BTC finding support at the lower end of the long established channel. I also see bullish divergence on RSI at the daily level, and a descending wedge that may break out. With BTC/USD falling, It seems like there is a very good chance for XMR/BTC to rise and consequently, it's USD value to return to the old ATH 2.63% or make a new one.
Updated fib levels from my previous, somewhat rushed chart.
Updated fib levels from my previous, somewhat rushed chart.
Comment:
Bullish pennant forming on the 4 hour chart:
