Looking at our trend timeframe we see price has recently formed a lower high at 2.2 million satoshis, and is now looking to form a lower low near 1.6 million. Stochastic RSI showing momentum is looking to form a lower and and we should see price follow. A weekly reversal is ideal before taking an potions on XMR.
Shifting over to our pattern timeframe we see price forming a potential double bottom, stochastic rsi showing momentum is starting to head towards the upside. A daily close above 2million and we should see a run towards the upside, however if we close below 1.9 million expect a sell off towards 1.6million
