XMR has seen some recent loss in buying power (I have another post on day trade targets if you're interested). For long term potential, XMR has seen a large amount of buying pressure. Also consider that anyone that has bought XMR in the last 4 years or so, outside of a few bearish blips, would be selling at a loss right now.
I'll look more. into it but I can see it dropping to 80-90ish before it retraces. Depending on interest in this crypto, it might only blip down to 110. I'll look more into Fib retracements and how those function for perhaps a better answer on this bit. Long term Investment of this looks significantly better to me than most cryptos though if you were to buy in right now (which as per another post, I think most crypto is going to see a correction).
I'll look more. into it but I can see it dropping to 80-90ish before it retraces. Depending on interest in this crypto, it might only blip down to 110. I'll look more into Fib retracements and how those function for perhaps a better answer on this bit. Long term Investment of this looks significantly better to me than most cryptos though if you were to buy in right now (which as per another post, I think most crypto is going to see a correction).