Under continuing pressure from the rise in BTC price, XMR price fell through the bottom line of the Green Pennant but so far has not dropped so far as to test Support Line C.
We can see that it has found support in an area of previous support/resistance, now highlighted by Support Line i. In fact it was in this area that the last pump in price began. We now see that the price has come round full circle - full triangle, in fact.
We're clearly in a trough area as the chart predicted. How far it continues to dip will be heavily dependent upon how BTC price behaves over the next two and a half weeks.
Newly added Support Line ii shows a potential trajectory that brings us back into the region that was the bullish pennant. It also shows us the potential new bottom of a bullish pennant / triangle that we can keep an eye on.
RE: Will Monero (XMR) hit a new all time high in May?