It looks as though XMR/BTC may have finally broken through the downward trend line that was acting as resistance.  If tomorrow's candle fails to close back below that trend line, I would expect to see the price lift off and test the 0.014 level.  0.014BTC should act as pretty significant resistance, but a break through this price level would leave nothing standing in the way of a rally to ~0.0187.  

As always, any sudden change in fundamentals, (or at least perception of fundamentals), can immediately invalidate any technical chart analysis.  As I noted in a recent [blog post](https://steemit.com/monero/@sdred955/monero-scammers-haters-and-other-shenanigans), XMR has been the target of a lot of negative coverage lately.  

Also to note is that a close below the downward trend line on this chart will most likely mean a re-test of 0.010BTC in the near term.

![alt text](http://i.imgur.com/JP3qZoH.png)

*Disclosure: I am currently holding XMR.  I am also contributing significant hashrate to the XMR network and adding these mining profits to my portfolio.  I intend to hold a sizable investment in XMR for the long term.  I believe strongly in not only the future profit potential of XMR, but also the vision of its developers.  I am not affiliated in any way with the technical development of the Monero Project.*