Keeping it simple with a basic chart.
Looking at XMR in Log mode over 2 years we can see the price bounce between two well defined low and high trend lines in a channel, previous attempts to breach have been sharply rejected on both up and down price movements.
The RSI has reached 30 for the second time in it's history on this 2 year model. Expect either A. A price reversal. B. Hell. Personally I see this as an opportunity to go long.
We shall see.
Looking at XMR in Log mode over 2 years we can see the price bounce between two well defined low and high trend lines in a channel, previous attempts to breach have been sharply rejected on both up and down price movements.
The RSI has reached 30 for the second time in it's history on this 2 year model. Expect either A. A price reversal. B. Hell. Personally I see this as an opportunity to go long.
We shall see.
Comment:
Boom. We have a price reversal on the dot.