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

#1119
margincall
margincall
Keymaster

Monero has given us some great gains and December was no exception.

 
xmr forecast 21 December 2017
 

The market is bullish, but we can see some heavy selling off in the $400 zone and we are testing $390 while I write this report.

On the short term I see support at $370, but if this level should fail we will most likely test $325 again.

It is normal for markets to correct after massive gains, I expect the dips to get bought up if BTC continues to lose market dominance.

I will take some profits from the trade at $200 should $370 fail.