Monero Analysis: Bullish Momentum to Continue?
Monero analysis for today is carried out on a 6 hour timeframe. March 5 2018 to current date shows that Monero has maintained its bearish trend inside of a channel.
Monero most recently broke below the bottom of the channel temporarily to reach a price low of $37.18 on December 15, 2018 before returning back into the channel.
The minimum expectation for the current bullish momentum in Monero is for price to reach the upper limit of the bearish channel.
A logarithmic scale was used in this Monero analysis and therefore requires switching back to an arithmetic scale to make any physical measurements and/or projections on the price chart.
Monero most recently broke below the bottom of the channel temporarily to reach a price low of $37.18 on December 15, 2018 before returning back into the channel.
The minimum expectation for the current bullish momentum in Monero is for price to reach the upper limit of the bearish channel.
A logarithmic scale was used in this Monero analysis and therefore requires switching back to an arithmetic scale to make any physical measurements and/or projections on the price chart.
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