Monero is gaining momentum off its triangle support bounce as it broke past a short-term falling trend line as well.
Monero is forming a head and shoulders pattern on its 4-hour time frame but has yet to break below the neckline to confirm the potential drop.
Monero seems prime for a bounce off its ascending channel support as it broke above a shorter-term descending triangle.
Monero has formed lower highs and higher lows to consolidate inside a symmetrical triangle pattern.
Monero formed lower highs and found support at $163 to create a descending triangle formation on its 1-hour time frame.
Monero broke to the upside of its descending channel to mark the start of a reversal, with a short-term channel freshly forming.