XMR Technical Analysis: Correction Can Continue To $180

It took only 6 weeks for buyers to reach the main target of $280. We wrote about it in our analysis and it was this mark that buyers kindly showed back in early March. It was during the weekly candle of 7 March that XMR frantic cryptocurrency growth impulse helped determine where the main forces of sellers for global trend change are concentrated. After an uncorrected growth wave for 6 weeks, sellers launched a counterattack after a $280 test. The final target of the correction is in the range of $180. XMR cryptocurrency is one of the strongest at the moment. The fact is that during the weakness of the Bitcoin price, XMR buyers have repeatedly managed to raise the price. https://www.tradingview.com/x/Ut94ZlKB/ Therefore, in our opinion, the XMR cryptocurrency should be in the medium-term portfolio of the investor. If the XMR price stays in the range of $180, we will expect an update of the local high and the test of $486. Given the fact that buyers have not kept the global growth trend and still excludes the possibility of the historical high update within one wave of growth. Loss of control by buyers over the $180 mark will maximize the risk of continuing the global growth wave. In that case, breaking the $140 mark will be a matter of time. Technical Analysis Of XMR On The Daily Timeframe https://www.tradingview.com/x/jc9Vk640/ Analyzing the movement of the XMR price on the daily timeframe, we see that the fall wave from 22 A...