Monero: Why are you going down?
Updated
In this video we are trying to answer the question of why after a very stong move up (circa 165%) Monero is having a pull back. From what i see in the charts a B seems to be forming of a Gartley pattern at 61.8 fib level. If this is the case we will get a C in the region of 23.6 fib level before a move up to D at 78.6.
This is still very early so I'll update as things progress in terms of entry point / stop loss etc.
This is still very early so I'll update as things progress in terms of entry point / stop loss etc.
Note
Monero (xmreur) has bounced nicely off the monthly pivot. I still think is will go down some more possibly to the arrow in the chart (missed weekly central pivot) before heading higher (C D leg).Note
Monero seems to have found its C, now lets see if it continues up to D.Fingers crossed :D
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