Monero Forecast - I get knocked down! But I get up again!!

BITFINEX:XMRUSD   Monero / U.S. Dollar
Monero XMRUSD is currently in a bearish trend against the dollar, however we can see very strong support below $300.

Even though the Monero markets have been very volatile over the last month, it is important to notice that the bulls are not shy to buy any xmr under $300.

It looks like a new base is being set between $280 – $300 and should the bears stay shy of the market we could see momentum picking up in favour of the bulls.

Short term outlook is bearish , there could be buying opportunities between $280 – $320 in the next couple of days.

For those wishing on a safer entry into the market, be patient and wait for the market to consolidate above $350, where we will most likely begin the climb to $400 again.

Feel free to discuss this trade with us. Best FREE Crytpotrader hangout here.
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