Monero / USD dipping target after it's recent pump +27%
Monero has been underwater below 100 USD level along with it's price against Bitcoin was around 131-135ish. This moment surely used for accumulating this one and only remarkable privacy coin so far.
As people start taking profit, i suggest to also look into Bitcoin price movement which quite volatile to go north right now and with that being said, there will be any moment that Bitcoin price might go south and affect all of the alt-coins prices including monero.
I'm looking for retracement around 0.5 fib level and below before you start getting new entry, while this view also supported with RSI level that has already overbought.
As people start taking profit, i suggest to also look into Bitcoin price movement which quite volatile to go north right now and with that being said, there will be any moment that Bitcoin price might go south and affect all of the alt-coins prices including monero.
I'm looking for retracement around 0.5 fib level and below before you start getting new entry, while this view also supported with RSI level that has already overbought.
Trade closed: target reached
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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.