XMR/USD can go a little bit lower.

in #cryptocurrency • 8 years ago

Monero is "accepting" Fibonacci levels, which indicates that we can look for a reversal at some of them. Right now it passed through 78.60% and is closing in 88.60%. I would wait for that point to be reached as most of the coins crossed that 88.60 lvl while in correction.

Monero bounced back from $82 as it was strong support line. I don't think it will last though.
88.60 ($60) is important Fibo lvl and another strong support line for XMR, so I would put 1st reversal point there. Next one is at 94.10 ($36).

XMR usd.jpg

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#bitcoin #crypto #xmr #monero
8 years ago in #cryptocurrency by
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