Monero has settled at the .5 Fib retracement. The inching continues.
We should see a decision between the 23rd and 25th on the direction.
Should down channel break - confirm uptrend at .026 with targets at .036 and then .05
Continuing the downtrend expect a test of the 231 EMA around .022 to .021. Should these break a strong support is at .018 and hard floor at .013.
Words of caution as lots of bad press coming from Pirate Bay embedding Monero into CPUs unknown to the owners. They want to go ad free but needed a revenue stream.
We should see a decision between the 23rd and 25th on the direction.
Should down channel break - confirm uptrend at .026 with targets at .036 and then .05
Continuing the downtrend expect a test of the 231 EMA around .022 to .021. Should these break a strong support is at .018 and hard floor at .013.
Words of caution as lots of bad press coming from Pirate Bay embedding Monero into CPUs unknown to the owners. They want to go ad free but needed a revenue stream.
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