All details at chart. Read text, it's easy to understand that maybe time to new "bullish cycle" is very close. But please notice that we are in apex of triangle and fluctuations are not so huge like at the beginning, so don't expect big rises too easy now...
OK. I think most of you know well what is my idea when you look into chart, but I must describe a little.
1. Lines are not accurate, because we don't need precision to show general idea of this fractal
2. I use Bitfinex 1d but I'm almost sure similar patterns cn be presented on Okcoin chart
3. I'm not sure it will go down, but whole fractal is pretty...
All details at chart. I have an idea about unregular rising wedge with end at 6500-6600cny. Bearish ending ofc. After that - forming 2nd point of ascending triangle's lower line.
PL explanation: forum.bitcoin.pl
Details at chart.
Still bullish divergence which should play a little bullish at chart, sooner or later.
Still we can have in memory big potential descending triangle (expanded) with unclear (yet) lower line.
Bearish target from symetrical triangle reached.
Big descending triangle - out of it?, or fakeout or enlargement lower line from 0.015 to lower line?
Pretty interesting chart to watch imo.
XMR will have more sideways or it will go with new leg below 0.01.
100ema test at hourly failed.
We had 3 sequences (green), now I can see possibility of 4th sequence; bounce to around 0.011 and boring sideways.
Of course if we break 0.01 with good volume, we will see new leg down (red way).