Short

Monero Consolidation

Updated

After catching the 160% structural wave, I'm looking for consolidation and evaluating buy back levels. The classical fibo level at $128.86 looks nice, and the crash zone at $109.928 looks good for pending orders.

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Watch for breakdown in both charts

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XMR is struggling, not a market performer.

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I was wrong! The consolidation in the XMRBTC chart broke out to the upside! Interesting situation. We could see another 20% gains here. I am not long XMR at this time, however.

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OK, RSI is making a sell signal now?

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We broke down pretty hard.... here's the BTC chart where it could retrace fully if the fibo level (blue line) is broken:

And here's the USD chart where things are pretty stable suprisingly. You know, XMR could be a monster trade once the BTC euphoria blows off a bit.

Trader6127

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Another Monero Structural Bull Wave?

by Trader6127

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