Take a look at market cap rather than price over the last two years to see what is really going on. https://coinmarketcap.com/currencies/monero/#charts.

Market Cap measures the valuation the market places on the whole project. For a stock price is an excellent proxy for market cap. For an ICO coin such as Ethereum, or a massive premine/ninjamine such as Bytecoin  price is a reasonable proxy for market cap since the the subsequent POW emission is small when compared to the initial number of coins. Even for a significant instamine such as Dash it is questionable at best.

For a POW coin that is mined from the Genesis block with an emission curve comparable to that of Bitcoin or Monero price fails completely as a proxy for market cap during the first years. Let us say when the annualized inflation rate is above 10%. This is something one should keep in mind when considering technical analysis.

Bitcoin Bull Bear: I respect your work a lot; however the technical analysis for Monero, Dash and Ethereum are fundamentally different for the above reason.