Monero (XMR:BTC) Study

BTC has returned with support above $700 which will have pressure on XMR price. This could slow down the time it takes to re-attempt or exceed previous all time highs. If pressure is maintained on XMR we could expect a slow and steady climb until Jan 17th's hard fork.

However...

Jaxx are currently targeting 21st Nov as the date that XMR is added to their multi-currency GUI wallet platform. History shows that this is likely to have potential for a rapid price rise.

Currently waiting to see at which point XMR breaks out of the channel its been in since end of Oct - beginning of Nov.

取消訂單

Head and Shoulders pattern developing along with continued bullish outlook for BTC suggests that XMR will be more likely heading downwards in the short term.