This asset i have been following for a while. I only left the parallel channel visable so that you could see the potential confluence zone for a 50% retrace to exactly test that channel line as a resistance.
potentially, needs more time to develop
sitting at the 618 retrace from the low to high....
needs further time to develop...
I think the markets are just blah
leave some monero out for robot santa
and carry monero (so much upside potential)
what would you say?
this could be a big one!!!
kinda like btc...
this is a large pattern
we can stay in this channel for a while and develop some good momentum
I know its just the hourly. but i hhave a feeling we will come back up to test this area shortly
old supply line being back tested as support!!!
coming out of a triangle completion which signifies a market reversal
need to hit this final touchpoint in the triangle pattern before breakout, this has been building for 1.5 yrs!!
triangle apex should signal market reversal... and is pegged for late december