MONERO / BITCOIN Reversal of primary bear trend, bullish!
https://www.tradingview.com/x/f3JJsXco/]
looking at the chart it looks like the primary trend could be reversing soon. Volume has dried up significantly from the past and if enough volume is present to confirm the price action and continues to make higher highs and higher lows It could be a very profitable swing. I don't trade forex or any currency mostly stocks so this is my technical analysis. The measuring objective I determined by taking the greatest vertical displacement from the trend line to the price. This should be considered a minimum expectation scenario if the trend reverses. RSI looks a little overbought may see some retracement back to the extended trend line. If it breaks below the extended trend line then this should be considered bearish and a warning to further consolidation or continuation.
looking at the chart it looks like the primary trend could be reversing soon. Volume has dried up significantly from the past and if enough volume is present to confirm the price action and continues to make higher highs and higher lows It could be a very profitable swing. I don't trade forex or any currency mostly stocks so this is my technical analysis. The measuring objective I determined by taking the greatest vertical displacement from the trend line to the price. This should be considered a minimum expectation scenario if the trend reverses. RSI looks a little overbought may see some retracement back to the extended trend line. If it breaks below the extended trend line then this should be considered bearish and a warning to further consolidation or continuation.
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