$xmr #xmr #monero thoughts on the daily based on past

TLDR; i think the slow bleed down is coming to a conclusion at the 006 and then up, and it should be violent up to 015 or whatever I wrote on the chart. OR its going to continue slow bleed and bring us to .004x without any interesting reaction at all until then. Thats right. up or down.

Decided to look at a few charts and get some ideas of whats happened, and what i can see going forward using a chart with a decent history (should bring some nostalgia of polos old days for anyone around back then with xmr).

theres a lot going on in this chart. ive tried to number the comments and my thoughts.

right now we are in a strong downtrend, and a very efficient one at that. lots of buys, lots of sells, but we keep going down, no big spikes and re accumulation and up, but just slow bleed down. thinking now, i could make several charts just on the last few months on a lower TF but just takes so long. I do this for a few reasons, 1 is fun, 2 is to have some idea whats going on what i see, and what others see, and 3. to have a log saved, so i cant spend another hour making 3 more charts on xmr on different TFs.

If you have some questions do post them below or message me. I always appreciate ppls feed back and thoughts, good luck.
ps. been a long time since an xmr chart so some of the links below are a bit dated.

Komen:

for some of the text/arrows on the chart. go to the share / make it mine, then make the chart your own to open it, allowing you to zoom in without screwing up the scale to read stuff / etc

Komen:

faked out down, why was it a fakeout? fast down, no follow through bought back up and closed. we saw the buyer follow through to bring price up in an AB CD style move to ~.0075 resistance. I expect these to follow up with btc and start trending up but maybe not. I have positions in xmr, and zec. currently xmr from lower and entry has been tagged recently for zec. btc moving nicely.

Komen:

lets see if we get follow through as other currencies. due to the slow bleed for so long and the selling of everyone on the way down, i think we will move 014 and maybe 023 quickly. might be weeks/months tho depending, they are targets of mine. close back under 0075 or so would be bad.

Komen:

quite a distribution/accm last while. i dont think well go below .006800. maybe a bit of sideways before continuation upwards