XMR looks really strong in the market. I've been accumulating the past 5 days and seen with my own eyes the buy support grow from 60 to 300+ btc. Meanwhile the price is only up less than 50% from the bottom and still less than the average over time.
It is easy to see a continued uptrend from here. Interesting point will be to see whether it goes over 0.010, which was the top of the previous wave.
(Do not mistake market comments with fundamental analysis.)
It is easy to see a continued uptrend from here. Interesting point will be to see whether it goes over 0.010, which was the top of the previous wave.
(Do not mistake market comments with fundamental analysis.)
I also think this IS a trend reversal. Hopefully we see slow growth now.
The fibonacci retracements are located at
2.315 + (10-2.315)*x
x = 78.6% => 8.355 mBTC
x = 61.8% => 7.064 mBTC
x = 50.0% => 6.158 mBTC
x = 38.2% => 5.251 mBTC
x = 23.6% => 4.129 mBTC
If we break 4.129 soon, we COULD enter bubble mode again. According the trend, this could happen on approximately july 20.
It could be sooner, because the XMR/BTC charts are erratic sometimes
