After a long bearish trend Monero appears to have found a bottom level around ~0.00577 which conforms to the trend line prior to the huge price spike in September, and has been starting to climb its way back up and arguably held ground particularly well during the BTC volatility during the conclusion of the USA presidential elections.
I will update as new info becomes apparent.
Feedback much appreciated. Thanks!
I will update as new info becomes apparent.
Feedback much appreciated. Thanks!
Trade closed: target reached:
Target of 0.01 reached far quicker than conservative projections.
Strong support is showing as BTC is weakening. I still expect BTC to test and fall below $700 shortly, with a target of $600 in the short term prior to a turn around back upwards.
A drop in BTC price will see traders looking to take profit elsewhere with XMR being a great candidate.
The next XMR target I'm looking at is ~0.0115, I aim to publish a new chart soon, either shortly prior to or after this target being met.
Strong support is showing as BTC is weakening. I still expect BTC to test and fall below $700 shortly, with a target of $600 in the short term prior to a turn around back upwards.
A drop in BTC price will see traders looking to take profit elsewhere with XMR being a great candidate.
The next XMR target I'm looking at is ~0.0115, I aim to publish a new chart soon, either shortly prior to or after this target being met.