Monero (XMR) touching support line of a huge ascending triangle

POLONIEX:XMRBTC   Monero / Bitcoin
XMR is still inside its huge ascending triangle . Do not expect the pattern to be very clean because of BTC value beeing volatile and XMR beeing traded in BTC nearly 80% of whole volume . Note how everytime XMR touched the support area the RSI went into oversold or nearly oversold, this is repeating right now again, I think the sellers will lose steam here and expect a fast rush up.
Comment: Like predicted the bounce happened on the trendline. XMR with many good news.
triangle dead, whats up now you think?
Looks like Monero is going to explode upwards in late 2017 and through out 2018
@Ero23, Yes that is what I expect too. 2018 the low XMR emission will add to that boom.
0.06 is my target for this year, around $150-$180.
Prometheus777 TahirKhan2a
@TahirKhan2a, I would not suprised to see XMR go up to 0.04 or even more. Depending on the future BTC value this could be everywhere between 100 and 200 USD. Looking at development and community XMR is the 3. strongest cryptocurrency after BTC and ETH.
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