The blue channel's median line offered support 3 times (green arrows), but now it appears to be broken. Further the ABC correction appears to be still in play within the red downward channel
RSI dropped below 50 again!
Targets are either the greenbox which is the blue channel floor and 0.5 fib retracement OR bluebox which is red channel bottom and 0.618 Fib
Commento
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First target box hit
Commento
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After an unsuccessful attempt to breakout of the red channel, we are now on the way to the second target box
@imkeshav, well deserverd. You have future targets for XMR? I actually hardly can believe what I'm seeing. The only base-layer protocol-level fungible cryptocurrency getting slaughtered like this... Am I delusional for expecting it to ever rise again?
imkeshav
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@TraderT33, I haven't any targets, still trying to figure out how it will react. Technically there should be a bounce, but BTC will likely take down everything
Fundamentals no longer matter in this market, its pure speculation and emotions now