Monero is on a downwards trend for the moment, however a reversal is just around the corner based on TA. Also, Fibonacci retracement shows a perfect match in the past, showing that the swings between the 2 support and resistance lines were indeed a valid trend.
For the moment, XMR is testing the support, if it breaks it, it might continue to go down, but it wont be an aggressive move. On the other hand, bouncing back up will show that the lower support has a lot of strength and the price can shift to higher grounds for some weeks on.
Let me know if you think Monero's technology is bettar than BTC's?
For the moment, XMR is testing the support, if it breaks it, it might continue to go down, but it wont be an aggressive move. On the other hand, bouncing back up will show that the lower support has a lot of strength and the price can shift to higher grounds for some weeks on.
Let me know if you think Monero's technology is bettar than BTC's?
Note
Monero is in a nice dive. Our prediction was correct. Make sure you follow for more signals
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Disclaimer
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.