In two days around christmas XMREUR went on a crazy 100% swing, but the MACD on the daily crossed hinting at further weakness.
Together with most cryptos ( BTC , REP) XMR corrected violently to its 62% Fibonacci level computed from the pre-christmas advance
The bounce on 62% fib is much lower that the lower boilinger band, the MACD is still showing weakness, so I would stay out of XMR right now until show of strength.
If it starts trending up, I will look at 305 (middle of the boilinger band) for resistance. Currently the SAR indicitaor shows indecisions (dotted lines).
Together with most cryptos ( BTC , REP) XMR corrected violently to its 62% Fibonacci level computed from the pre-christmas advance
The bounce on 62% fib is much lower that the lower boilinger band, the MACD is still showing weakness, so I would stay out of XMR right now until show of strength.
If it starts trending up, I will look at 305 (middle of the boilinger band) for resistance. Currently the SAR indicitaor shows indecisions (dotted lines).