Daily makes push past first major resistance on the daily (Purple). Attempted push to the upside rejected by the 200-EMA on the first attempt (Black).
Here's my view short-term: * Bitcoins recent rally makes the short-term price movement unclear. If there is any pullback in Bitcoin, that will obviously affect altcoins. * Trend is indicating that Monero should make another attempt for the 200-EMA. Timeline unknown due the recent market volatility.
Will wait for a few more daily's to close before posting the next update. Will be watching Bitcoins movements in the meantime.