IvanLabrie
Short

XMR: Monero losing value vs Bitcoin

HITBTC:XMRBTC   Monero / Bitcoin
Was looking at altcoins and stumbled upon this chart, showing us a very bearish RgMov moving ahead of price.
I can obtain a time and price target from this chart, which is represented by the triangle and the arrow showing the trayectory and trend starting point.
Pattern traders will recognize a Head and Shoulders formation at the top of this rally, with notable bearish divergence in CCI , and ROC starting to trend down.
Will update along the way.

Update:

Target 1 hit:

snapshot