I've been predicting this formation for a while (see related post called "Hold off on Monero. It's a long way down"). Last week we saw a major dip (albeit momentary) that proved to be a sign of things to come. We're now headed in a relatively clean arc downward to touch the support line that's been consistent for the last year. Keep in mind, I LOVE Monero. Fantastic fundamentals and I do think it is presently undervalued - it's just that the market doesn't necessarily realize that yet and so I'm waiting to buy it when it's cheaper.
BUY-IN: .0125-.0130 BTC
The reason being, after buying in (notice the GREEN ARROWS), there always seems to be a sudden ROCKET MOON SHOT up. Great for quick gains.
I'll continue to follow XMR and XMRBTC and I'll continue to update this post, so follow me for the updates.
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It's still moving down. Look at it's past declines to the support line. Those movements were jagged as well
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Still going down. line hasn't been reached yet. Target .0135
@michael99, If I only knew! Instead I'll be buying from .015BTC all the way down to .012BTC like @kperMan has drawn with the "Buy Zone" yellow box. I don't want to spam his idea with my chart but I have a similar idea down to .012BTC, as you can see when XMR/BTC bottoms it doesn't stay there very long!