Dtrader2020

XMR BEARISH WARNING

Short
BITFINEX:XMRUSD   Monero / U.S. Dollar
This is my first public chart analysis. I am assuming we will see a bearsh few weeks once we see the MACD cross over. MFI can be used as a early warning sign. The news about the IRS to help crack the privacy of monero may impact it, but also I can see BTC affect the alt coinsphere once it drop, which bearish momentum is increasing. With Covid in the picture, lock downs are more likely to happen, unemployment may increase, these less money to invest, and that money will be used for essentials. Could we se a crash like we saw in march? I dont know about that. My guess is we may see some support at 60$ if btc drops to 8800$
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