as clearly shown in this chart, RSI is strongly in oversold area. we just touched a long term support trend line. it is likely that XMR will rebounce.
we had the chance to do that also moreless 13 days ago prices stopped by the MM9 will we win this time?
XMRBTC rsi touched the oversold area two times in the past and the rebounce was very powerful.
first test will be very near at 0.01254 at this level the price will encounter a resistance that, on the hourly chart, has stopped the price 3 times already in the recent past.
we had the chance to do that also moreless 13 days ago prices stopped by the MM9 will we win this time?
XMRBTC rsi touched the oversold area two times in the past and the rebounce was very powerful.
first test will be very near at 0.01254 at this level the price will encounter a resistance that, on the hourly chart, has stopped the price 3 times already in the recent past.