Technical analysis Monero. XMR-USD on June 30, 2018

July 3, 2018


As most of the alts, on the higher timeframes, it looks ready to form the ground for the creation of the new wave of growth. On 3 days it is bouncing from the oversold area and the Fib correction of the biggest wave, as well as the last one, made more than 0.786, which indicates the loss of the possibility for further fall and creation of the possibility for growth. The current price zones look reversal and give a good entry opportunity. The asset can oscillate within the current level in the next few days, however, we can expect the growth to the higher levels on the middle time perspective.

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