Now that Monero has broken out of bitcoin's grasp, it can start it's stealthy run-up to new (albeit, not as large as before) highs. After this period we will see another pull-back and I see this as being the halving-top of monero. Either that or we continue to run to the 600s-700s. Previous support helped us again on may 19th and if we get below that we will not come up for a long time, that support will turn into extremely heavy resistance and I see that as the local floor.
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.