XMRBTC Bars Pattern Idea

Monero / Bitcoin BINANCE:XMRBTC

fringe_chartist

If we duplicate the rest of the current corrective cycle through the bars pattern with similar geometry, it breaks out of the 5 year resistance! Not saying it will happen but it is intriguing. Similar ideas have worked. Additionally, it looks like we could still face 20% downside against BTC before the potential resistance break.

What do you think? Will the XMR 5 year bear trend continue or will we get a breakout?

Thanks for taking a look. Good luck and don’t forget to hedge your bets!

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