Post
Topic
Board Speculation (Altcoins)
Merits 2 from 2 users
Re: [XMR] Monero Speculation
by
XMR2020
on 15/11/2020, 16:25:34 UTC
⭐ Merited by Hueristic (1) ,explorer (1)
Art this point I think the salient question is do we punch through the floor?  Or do we make a higher low.

Place your bets.


I am watching that trend line as well. I bet higher low. The selling volume below 0.78 was pretty unimpressive. We landed right back in our 15 month long accumulation range with a higher low. I can't imagine whomever scooped up the coins on this dip is looking to sell here. My guess is that someone used the recent spike as an opportunity exit a low conviction position. We may go lower, but after a year in this zone and the tail emission rapidly approaching, we will run out of low conviction holders eventually.