Just a small update on Monero (XMR):
- I had been buying it during the uptrend so that my buying represented about 5% of the total volume.
- It went a little parabolic 2 days ago, but yesterday failed the expectations so the price collapsed.
- I am in a retreat (not Malla this time
) a few days, hardly online.
- Because of a large number of bagholders whose destiny is to buy high and sell cheap, I expect the consolidation to continue a few days also.
- It's important IMO that 0.00365 (2nd fibonacci from 0.00231->0.00581) is not violated, because that would question the legitimacy of the uptrend, and lead to increased selling towards lower lows - something which us whales can prevent (but do we want?)
- I am a long term supporter of Monero, which is a great coin.
- I had been buying it during the uptrend so that my buying represented about 5% of the total volume.
- It went a little parabolic 2 days ago, but yesterday failed the expectations so the price collapsed.
- I am in a retreat (not Malla this time
) a few days, hardly online.- Because of a large number of bagholders whose destiny is to buy high and sell cheap, I expect the consolidation to continue a few days also.
- It's important IMO that 0.00365 (2nd fibonacci from 0.00231->0.00581) is not violated, because that would question the legitimacy of the uptrend, and lead to increased selling towards lower lows - something which us whales can prevent (but do we want?)
- I am a long term supporter of Monero, which is a great coin.