Monero: Rising Redemption
Updated
Good technology behind this coin. After laying dormant most of the year, Monero finally made new ATH's 4 weeks ago. That rally was cut short by China fears and Bitcoin dumping hundreds of dollars; causing the entire crypto market cap to tumble in the process. TA shows that Monero has come to rest upon previous resistance, which is now support. It is likely that the price will bounce here before we continue on to new highs.
1D RSI is oversold and our SQZMOM indicator is curling up on the 1D timeframes, as the bollinger bands continue to tighten.
1D RSI is oversold and our SQZMOM indicator is curling up on the 1D timeframes, as the bollinger bands continue to tighten.
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