XMRUSD is at a critical point, it touched the 2.618 of Wave II retracement. The question now is whether it'll rebound @ $222 (1.618 of Wave I) or fall deeper.
In my judgement, it's not going to stand above $240 for long.
In a shorter time-frame, we also see a descending triangle.
In my judgement, it's not going to stand above $240 for long.
In a shorter time-frame, we also see a descending triangle.
Comment:
It seems there has been an effort to avoid falling too much. If this effort persists, it's possible for XMR to stay above $240.
