50d,100d,200d moving averages show Monero is ready to restart it's bull run which was cut short by bitcoin's collapse back in May. MA100 initially acted as resistance during this fall but has since been taken out. Now MA50 is about to cross MA100 which is an indicator that signals some nice immediate gain. After this, we will want to see MA50 cross MA200 and then finally MA100 cross MA200 for full bull run.
Comment:
Yikes