XMR is looking bullish, as money is starting to flow back into blue chip altcoins and Bitcoin is nearing a major psychological barrier at $10k. Based on fib extensions (2.618), My USD target for Monero is $420. Blaze it.
Note
So far right on target. It may consolidate around 1.618 ($292~) for those who missed their long and are looking for a safer late entry.Note
It looks like Monero has finished consolidating under the 1.618 fib extension, and has just broken out of it's bull flag on the 4h. Volume and a push past previous ATH will prove its ready to start the final push to the 2.618 fib extension around the $420 mark.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.