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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
According to my chart this is a critical price where we might see sudden volatility in either direction (lower price band on lines). It could hit up to $700 very quickly or else crash just as suddenly if the pump doesn't materialize.
Trading is really a bet on somewhat orderly volatility, which is why I think monero is the best coin for trading.
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