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).
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