- Monero (XMR/USD) still sitting far below its 200-day SMA
- daily RSI at all-time low (oversold!)
- broke major support line at $150 (when BTC -0.20% broke $7000)
- currently finding support around $120 (high volume node)
- highest volume price nodes on Bitfinex: $50, $100, $120, $165
- likely trading range for the next few weeks: $100 - $150 (depends on BTC -0.20% )
- lots of Monero FUD in circulation (mining malware, hard forks, exchange delistings, etc)
- very bullish on XMR long-term, but currently flat until BTC's next bullrun...
- daily RSI at all-time low (oversold!)
- broke major support line at $150 (when BTC -0.20% broke $7000)
- currently finding support around $120 (high volume node)
- highest volume price nodes on Bitfinex: $50, $100, $120, $165
- likely trading range for the next few weeks: $100 - $150 (depends on BTC -0.20% )
- lots of Monero FUD in circulation (mining malware, hard forks, exchange delistings, etc)
- very bullish on XMR long-term, but currently flat until BTC's next bullrun...
Comment:
Correction: highest volume nodes are $50, $90, $120, $165, $200, $250