I like to see how my ideas of novice trader were not so bad.
Fault of inexperience I overestimated the partial rise and monero is today were the arrows said.
Monero like many other coin is approaching the supply zone . This zone was a demande zone from november till june and finally was broken. In July monero did a nice big flag and was pushed away from this zone like a meteorite directed to the .. old demande zone.
Now is approaching again this level.
Here we have
1) Negative trendline
2) Demand/supply zone (i think supply zone )
3) support of the flag.
In the gray circle you have a clear bullish fractal . It is not so big so the power of the fractal is not enough to sent monero to the moon.
Your choise if you want to hodl or sodl.
Personally I trodl and I would wait a more safe entry before buying monero.
PS: based on this idea you can spot the next correction of bitcoin.
Fault of inexperience I overestimated the partial rise and monero is today were the arrows said.
Monero like many other coin is approaching the supply zone . This zone was a demande zone from november till june and finally was broken. In July monero did a nice big flag and was pushed away from this zone like a meteorite directed to the .. old demande zone.
Now is approaching again this level.
Here we have
1) Negative trendline
2) Demand/supply zone (i think supply zone )
3) support of the flag.
In the gray circle you have a clear bullish fractal . It is not so big so the power of the fractal is not enough to sent monero to the moon.
Your choise if you want to hodl or sodl.
Personally I trodl and I would wait a more safe entry before buying monero.
PS: based on this idea you can spot the next correction of bitcoin.