As correctly analyzed, Monero broke above the trend line resistance and corrected higher. We wrote on Aug 27 that "...the 100 DMA is approaching the horizontal resistance and IF Monero gets eventually there, we may have a confluence of two huge resistance players - horizontal line and 100 DMA, around 0.01770". As a result, the coin did exactly the same, moreover, it pushed even higher to 0.01930 and got almost to the second zone of resistance - 38.2% Fibonacci support. The coin created a shooting star candlestick formation which is a bearish sign. This formation prompted a retracement and the coin is now trading back below the 100 DMA and a horizontal resistance, which ultimately means that correction is finished and we are again looking to test the major support zone between 0.01300 - 0.014000. We are looking for a test of that zone once again, with a higher probability now to make a break. If this happens, look for a quick trip to the next support zone around 0.01100.