Crypto Screener Forums Monero (XMR) Forecast – Technical Analysis Monero (XMR) Technical Analysis – December 2017 Reply To: Monero (XMR) Technical Analysis – December 2017

#1046
margincall
margincall
Keymaster

The Monero market has performed very well over the last month shooting up from $80 to over $200.

xmrusd forecast 6 dec 2017

The market has hit some resistance at 270 where we are watching the sellers step in.

This could be buy the dip time, keep an eye on the trend line and the green box indicating the short term support. If prices fall through the trend line and the box we will be in for a much bigger correction, however in my opinion we are looking at a 50% retrace here.

Look for the breakout trade above 270. Safe trades.

Feel free to ask me about any of my trade ideas in our Slack.