It's Almost Monero's Time To Rise From The Ashes

XMR is struggling at the moment. Stoch indicates oversold, but Ichimoku and RSI look like shit. I'm expecting the RSI to turn around soon and confirm a trend reversal. I have outlined a support/buy zone. But a buy won't be confirmed until the RSI improves. If the lagging span crosses and RSI improves that's a very good signal.

I can't conceive of a world where Monero drops below the green support zone.

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Okay so we've hit the 23% fib line. Critical time for XMR now.

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Bets are off. Waiting for some stability in BTC before any upwards movement.

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Might see a bounce off the 38% fib level (don't think I went back far enough for fib last time, this new 38% should be more accurate).

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*Might see a bounce. But all the signs are still bad.

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Possible falling wedge. Chart still looks like shit though.

Brisben

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