I see a clear bottom for monero in the 0.006 range, where the first wave of the last bull run bottomed.
Monero has clearly double bottomoed in this area, and as predictable it is going upwards.
BTC running too quick. I do know btc trend is upwards but we have already seen huge alt-pumps while btc in a strong uptred (ie. eth reaching @20$ at @0.028BTC...
Monero is trying to reafirm the major support, built by the previous wave highs and current wave lows. If it breaks it, we are are getting rid of our bag. If the support line stands i will open a long.
Currently a small long opened at 0.017 and looking for 0.0187
Lower highs, higher lows. All is converging at 0.0201.
I still hold my XMR bag with a stop-loss just over x10 profit at 0.016.
If we break the triangle upside i will open a long position. If not i will just wait an see.