If Monero can bounce off this trendline, we will see a big bounce.
Comment:
I realize it has been well over a month since I drew this and no update. My apologies and if you ever want an update just ask. As monero approaches the trendline I'll open long positions and place a stop just under.
Comment:
This chart has done a fairly good job of tracking Monero so far...Yes, it is almost 3 months old now but until it is invalidated I don't have a real reason to post a new one. That said, we are approaching an interesting trend line at around the $103 level. Buying at the 103/104 level with a stop set at $98 is a pretty attractive trade to me. We might get stopped out but the reward is greater than the risk.
