The stage is set for Monero (XMRBTC) to print a strong jump... Here we are looking at the weekly chart.
We have very strong bullish signals coming out of this chart... Listed below:
1) A bullish cross of EMA10 and EMA50. 2) The MACD above zero with plenty of room available for growth. 3) The RSI is now at 67; weekly timeframe (very strong). 4) "Cup pattern" at all-time lows. 5) 1.8 Years of bear market followed by almost an entire year of consolidation... Sellers have been exhausted.