We had previously expected XMR to make a significant move upwards due to:
(1.) BTC pulling back;
(2.) XMR wallet on Jaxx, release scheduled for 21st Nov www.reddit.com/...gration_update/?st=ivq21jk...
However,
(1.) Due, probably in large part, to real world economic factors such as Yuan devaluation, Indian demonetisation and a run to an alternative 'safe haven' while gold and silver turn bearish. BTC is looking strong again and is continuing it's climb up and attempting to punch through resistance around $760.
(2.) Jaxx have posted a progress update which suggests that the planned release of their XMR wallet on the Jaxx platform may be put off till an indefinite date www.reddit.com/...ation_update_3/?st=ivpdi3x...
(3.) Head & Shoulders pattern suggests a move down.
(4.) Bearish flag suggests a move down.
For these reasons, we can expect XMR to continue a bearish decline until interest is rekindled by the scheduled hard fork on Jan 5th.
(1.) BTC pulling back;
(2.) XMR wallet on Jaxx, release scheduled for 21st Nov www.reddit.com/...gration_update/?st=ivq21jk...
However,
(1.) Due, probably in large part, to real world economic factors such as Yuan devaluation, Indian demonetisation and a run to an alternative 'safe haven' while gold and silver turn bearish. BTC is looking strong again and is continuing it's climb up and attempting to punch through resistance around $760.
(2.) Jaxx have posted a progress update which suggests that the planned release of their XMR wallet on the Jaxx platform may be put off till an indefinite date www.reddit.com/...ation_update_3/?st=ivpdi3x...
(3.) Head & Shoulders pattern suggests a move down.
(4.) Bearish flag suggests a move down.
For these reasons, we can expect XMR to continue a bearish decline until interest is rekindled by the scheduled hard fork on Jan 5th.
Order cancelled:
XMR broke out of bearish flag / head & shoulders pattern as BTC continues decline in price and rumours circulated that Coinomi would be including XMR in their wallet platform in the future.