Post
Topic
Board Altcoin Discussion
Re: THE RISE AND RISE OF MONERO
by
aminorex
on 25/08/2016, 19:02:45 UTC
Fibonacci levels used properly can work for Monero. Price declined to 50% level and tried to advance past 38.2% ran into a brick wall, heading back down to 50%. I think .0063 or 50% Fibonacci retracement has been shown to be important to Monero traders.



I think your  starting point is too low.  We already bounced off the 50% fib