Monero: Fail me once, not twice.
Monero's bullish tendency will consolidate towards the middle of December. Around the same time, I expect bitcoin to have its last move down due to the decision the FED will be taking on december 16th about the interest rates in the US. Considering this, we can expect around Nov 30th - Dec 1st a move down in Monero towards the 0.0092-0.0094 area to continue consolidating until the triangle breaks up. This move down will very likely happen while Bitcoin moves up due to the breakup of the triangle it has been in since mid November, very likely by the influence the Chinese manufacturing PMI will have in the market direction*: tradingview.com/chart/BTCCNY/nY42TvI8-Keep-care-Chinese-manufacturing-PMI/.
Special mention to Gebbo for a great graph.
Special mention to Gebbo for a great graph.
Note
Monero reached 0.0095 today. I still expect it to retrace further down to 0.0092-0.0093 within the following couple of days.
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Follow the journey of BTC & ZEC:
Art & Coins Feed
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.