As a result, many btc alt pairings have began breaking down.
Here we see Monero's 3 day chart.
There is a visible pattern that appears to be on the verge of completion and a breakdown. A lot of this will hinge on what BTC decides to do from here. BTC holds 10k? Odds favor continued XMR/ BTC drop . BTC pulls back hard? XMR could push and invalidate.
However, it's now lost all major supports and is entering no-man's land of potential all-time lows.
very much in territory.
cross on the with momentum sloping downwards.
Potential target shown in green.
This is not financial advice.