After rapidly dump, according to idea of oriental markets to ban privacy coin, XMR wait that something happen. Now we have a strong support and if rebound out of green zone we can expect to go in direction of next resistance. Good Risk/Reward, but remember...follow the news because ban can impact more and more of any analysis. lOOk!
After news on VEN breakout of triangle is more probably...
If i see a big green candle that breakout the fibonacci level i buy for a long position with take profit around previous high
I think that we could see a complete Cypher formation before bull take controll again. At 0,786 Fibonacci level we also have a previously tested price support....lOOk!!!
This analysis is of some day ago, but i think that we can see an high rebound in this day if also ETH rebound on it support.