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Monero. Consolidation within $ 150- $ 260

BITFINEX:XMRUSD   Monero / U.S. Dollar
Monero broke the growing picture that we mentioned in the previous review, and fell into a lower price range of $ 150- $ 260.
The trend indicator MACross on the daily chart is now on sale.
And if the price does not return above $ 260 in the next week or two, the weekly MAcross will also turn to a sale.
At the same time, the support area , starting at $ 150, looks strong enough to hold sellers for at least the next few weeks.
At the same time, technically, while quotes are below $ 260, further decline is more likely.
Thus, in the next couple of weeks, the most likely picture is consolidation over the $ 150 support level , limited from above by resistance at $ 260.
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