I included XMR among my top 5 to invest in 2018 video, b/c its fundamentals are strong. I believe in the beginning of a market cycle it's the ones with strong fundamentals that will grow.
XMR didn't really drop much until the last bitcoin crash. Now it's rebounding fast.
We can see that after it broke the neckline at around 0.5x fibo level of the last rally, XMR formed a small bull pennant.
It broke out very quickly (to my surprise), and now has already reached the .618x fibo level.
I expect some resistance here & at each of the upcoming significant levels.
XMR didn't really drop much until the last bitcoin crash. Now it's rebounding fast.
We can see that after it broke the neckline at around 0.5x fibo level of the last rally, XMR formed a small bull pennant.
It broke out very quickly (to my surprise), and now has already reached the .618x fibo level.
I expect some resistance here & at each of the upcoming significant levels.
Comment:
A reason I chose LTC instead of XMR is the lack of volume here. Don't know why it jumps this fast...
Comment:
Indeed experiencing resistance @ 323, though probably won't fall under 285, maybe not even 300
