We are lagging behind BTC. Could this be because we need a handle to complete a cup and handle pattern? The handle could go as low as 100 USD and it would still be healthy. One thing for sure is that we need MORE volume to break out of this pattern.
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We are now around ~90usd
We dropped below 100usd. I made a mistake by not putting a lower bottom target. I still think that the cup and handle pattern is the most realistic scenario. To have a successful pattern, you need a good amount of volume on the handle. Watch the volume !! This will be your buying sign.
If you see that it want to break out 120usd and it has alot of volume, you have your buy signal !!
Xmr is on my watchlist. The project is good, it’s not a shitcoin, TA is looking healthy. Crypto is not in bear anymore. I think the bull market is just beginning.