MY UNBIASED ANALYSIS ON MONERO PRICE MOVEMENT(SELL/BUY BREAKOUT)
Monero/Bitcoin is now trading in a range within the rectangle. From technical point of view, price will visit 0.024 satoshi. If price touches 0.024 sats, bulls will buy again and take profit at 0.028 Sats So the range of price is from 0.024(buy[ green arrow ] region) to 0.028( sell or take profit region[red arrow]).
If positive news surfaces around Monero, price will try to break above the rectangle which is the supply or equilibrium price zone indicated with a blue arrow.This signals that the bulls are more now. A break above the blue arrow lead to massive buy which is indicated with the green arrow provided there exist a strong enough positive news, otherwise Price returns to the rectangle range .
If negative tive news surfaces around Monero, price will try to break below the rectangle which is which is the demand or equilibrium price zone indicated with a pink arrow.This signals that the bears are more now. A break below the pink arrow lead to massive sell which is indicated with the red arrow provided there exist a strong enough negative news, otherwise Price returns to the rectangle range
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