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These lines let me assume that there is an upward trend (rising channel) since 5th April.
The horizontal lines indicate resistance / support and if the price continues in the rising channel then it will soon break through the 350$ resistance that we are following now for quite some time.
Any thoughts on my analysis? It's my first one
@esna7
I'll look into Bawdyanarchist's analysis because I've not heard it, but you're the second person I've heard mention it now. What point does he make?
Anyway regardless of the bull case, monero is high risk at the moment given the extreme volatility, high price, and recent hacks which might have moved the market. It could go either way quickly.
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