$XMR is looking bullish, as money is starting to flow back into blue chip altcoins and Bitcoin is nearing a major psychological barrier at
$10k. Based on fib extensions (2.618), My USD target for Monero is $420. Blaze it.
$10k. Based on fib extensions (2.618), My USD target for Monero is $420. Blaze it.
Comment:
So far right on target. It may consolidate around 1.618 ($292~) for those who missed their long and are looking for a safer late entry.
Comment:
It looks like Monero has finished consolidating under the 1.618 fib extension, and has just broken out of it's bull flag on the 4h. Volume and a push past previous ATH will prove its ready to start the final push to the 2.618 fib extension around the $420 mark.
It looks like Monero has finished consolidating under the 1.618 fib extension, and has just broken out of it's bull flag on the 4h. Volume and a push past previous ATH will prove its ready to start the final push to the 2.618 fib extension around the $420 mark.