Unlike other assets, Monero will encounter a few more parallel descending channels on its growth path before the downtrend will release this coin from its embrace. One obstacle was respectably overcome yesterday, the next is at the level of $200.
Similar to the Bitcoin graph, we see a bullish flag with a $215 target. As often happens, this goal finds several confirmations at once - the mirror level and the boundary of the last parallel descending channel. After passing this milestone, nothing will hold XMR back. Given a negative development, we could see a fallback to the nearest support - $180, where it will be sensible to consider acquiring the asset for the medium term.