We have been rising yeah but uh. For the past few days we have been dropping yeah monero dropped. Yesterday. There was a big fall that came because bdc rose but monero didn't rise together, bdc and so monero lost its um dominance. Here btc has been gaining its dominance and so yeah we're expecting things to rise up to this area, and so i think we are kind of at this area already close to it. Yeah we're at the tip right at the tip of this area and yeah. Here we are um. Are we gon na go any higher? Potentially we could. Are we going to start dropping from here? I have no idea there's, just no clear tradable chart patterns uh for monero. At this point of time. It will be great, absolutely great if you could see monero form a bullish chart pattern, but there's just nothing bullish about monero at this point of time, we're already out of the skinny pink line um. If we could consolidate over here – and we could continue higher right, if you could form bullish char patterns, then yes, this would be a great great, great great move for monero against btc. But at this point of time things are just not exactly that clear from narrow and um potentially uh. We could drop all the way down again uh. You know we could have a surprise fall and then yeah things could you know, go on a lot see.
The thing is that um when bear trans and right, we will go sideways for a while. Before we go back up, we could go back down and go sideways or before going up right and this entire thing could be a sideways movement before we go back up for real for for a um, you know big big boo run right, so this could be Uh the sideways move, sideways move before things start turning polish. The thing is, we are not exactly sure if this is going to be be the case we could also yeah, like i was saying, continue higher from here so again, be very, very careful about going to a trade too soon. There'S still no tradeable chart pattern for monero yet, and so we got to be patient and we got to wait for the monero whales to do their thing. All right, let's, move on to monero against usd, but before that, please give this video a like. If you enjoyed it subscribe to the channel – and let me know what you think about monero in the comments below for monero against usd yeah there's already an inverse head and shoulders here – left shoulder head right, shoulder palm we're already out um. Are we going to hold the door? Are we going to hold the support over here? We could drop towards the support and we could bounce uh higher from here. Is that going to happen? Yes, no we're, not entirely sure yet so yeah.
We hope that holds though, and the monero could go higher right. This is really a very bullish move from monero. The thing is that um we don't see any uh, clear, uh retracement. Yet right we would love to see a proper retracement. I wouldn't consider this as a proper one. You know we, we should be re chasing proper first before continuing higher right. We have to build a solid base before going any higher, but yeah. It is what it is. We could still continue higher from here, but uh in terms of tradability yeah. I wouldn't be taking any trades for monero it just isn't tradable, in my opinion, so be very, very careful about going into a trade too soon all right, i guess that's it from my monero technical analysis. Thank you very much for watching. I hope you enjoyed it.