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XMR (Monero) - How Low Will It Go?

Long
gwm Updated   
BITTREX:XMRBTC   None
Trend Analysis
4
1
trendanalysis
XMR has been on a steady downward trend and has broken the 50 day support. Next major supports are at the 100 day and 200 day; if it fails to bounce then could see it drop into the support zone of 0.015-0.018 BTC which would also have it fall in line with a major historical trend line.

At what point do you think XMR starts to recover?
Comment:
Bounced from 100 day and tested the downward trend but came back down. If it breaks out of the downward trend by closing a few candles outside, becomes a clear buy for me if RSI supports.

However, still has potential to drop until that happens.
Comment:
Still staying with the negative trendline though it has tested it a few times again. RSI is dropping off so I think we'll see another test of the 100 day soon. May be worth buying a partial position there if it rebounds.
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