Monero (XMR) is Contouring a Pattern Morph

SUMMARY

Monero (XMR) is has two sequential downward wedges and the second one is likely morphing into a rounded price formation. This would extend the timelength of the correction. Regardless, have sequential bullish patterns make it that much more bullish.

When drawing out the contours of the current price action, the rounded price formation is shown in blue in chart below. The basin phase is likely to be next but I believe price should rally into the June/July timeframe. MACD is showing that a breakout could still provide a sizable bounce.

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