Monero is creating a clear and stable structure with many bullish signs.
The panic drop from the delisting news is almost fully recovered from.
Monero fans will not give a damn about this because the fundamentals are the same.
You can still make anonymous transactions no matter what exchange it's traded on.
In its current structure, it is consistently finding higher highs and higher lows.
High buying volume has occurred at supports and on excitement candles.
Higher sell volume has either been recovered from or not moved the price significantly.
In a recent break below a minor trend line, it still managed to form a higher low,
and ist still trading above the next major downtrend line.
The higher highs and higher lows indicate an uptrend, and since it it finding support at the 0.236 it means the sellers
are letting up. If the buyers can take full control past the current resistances, we can expect a sustained
move upward.
The panic drop from the delisting news is almost fully recovered from.
Monero fans will not give a damn about this because the fundamentals are the same.
You can still make anonymous transactions no matter what exchange it's traded on.
In its current structure, it is consistently finding higher highs and higher lows.
High buying volume has occurred at supports and on excitement candles.
Higher sell volume has either been recovered from or not moved the price significantly.
In a recent break below a minor trend line, it still managed to form a higher low,
and ist still trading above the next major downtrend line.
The higher highs and higher lows indicate an uptrend, and since it it finding support at the 0.236 it means the sellers
are letting up. If the buyers can take full control past the current resistances, we can expect a sustained
move upward.