Breathing on 0.0067xx
Looks like some shorts closing in this range.
Looks like some shorts closing in this range.
I suppose my prediction of low 0,006 / high 0,005 will be reached by the end of November
In march went to 0.0061 and last October went to 0.006. It is very hard to expect to go under that now. Yes, last month was super bad compared to BTC but I guess that was just weak hands that entered Monero few months ago.
In general is funny that it all went just as always did. But the rumour, sell the news. At end of summer there were rumours number of transactions will increase. They did, but so so. Then in October actually started increasing a lot and dump happened.
I think .0061 would be very hard to get to, and I would hate to see it that low again. On the other hand, the recent 0.0068X just doesn't feel like a bottom, so I'm awaiting another leg down. All it takes is the next BTC level-up while we hang out in the $11X range like cAPSLOCK forecast. A strong reversal above the 0.0061 range is what I want to see.
It is hovering a couple bucks lower than I guessed... But of course I can redraw all my lines to fit this number. But in all seriousness this is where I saw it breaking through and where i figured support would form. What I DID NOT anticipate that ion a couple weeks it would be trading at like 140USD. So in some ways that push and drop is sort of a non event if the 110-115 range will hold as we consolodate.
On the other hand I was a professional audio engineer for almost my entire career. What the hell do I know?
