Bouncing back to support lvl. If it hits support, XMR will rise halfway. Bounce another time back to support lvl's direction. This is the W pattern. After the W pattern, big rise.
Comment:
For now I expect a W pattern for Monero. As you might see, the W doesn't really fill in the trend, as I expected. Anyways, the future of Monero seems bright. Like all alt coins will do for 2018.
If that 'W' pattern occurs, we will see a big rise. Ofcourse, it is according to Bitcoin what it will do. A bitcoin analysis, which I agree with, is made by Mkhaytman
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
If that 'W' pattern occurs, we will see a big rise. Ofcourse, it is according to Bitcoin what it will do. A bitcoin analysis, which I agree with, is made by Mkhaytman