monad:native

Interesting setup here on Monad. Looks like there was an M double top patter here that appears to be fully played out at this point. You can see that it's held the bottom support line that matches up with the previous lows before it began its uptrend. Bull div forming now too.
What I'd watch for now is:
- a breakout of this descending channel on the right side of this structure -- either a close outside of it, or even a break above the track line again. This would signal a new trend taking shape.
- a negative move that breaks the underlying support at the lows near ~$0.02042, which could also come in the form of a rejection while staying inside this descending channel
There's a shaded squeeze on LTFs right now so something is coming to either break free or push lower again to keep it going a few more days. But either way, I would lean towards a possible breakout. Just depends on the overall market sentiment. Good setup though, I like it. @enmymike