Targets hit. Expecting a retrace. Long.

2018년 8월 13일

Both TP = 115.494 and 102.00 in extension have been hit for Monero, as the 1D Rectangle broke on the downside (RSI = 33.951, MACD = -9.930, Highs/Lows = -10.6465, B/BP = -23.8378). As explained the price was always geared to follow the long term dictating bearish trend of the 1W Falling Wedge and the most optimal strategy always is to short every Lower High (Highs/Lows = -31.2469). We now expect a nearly 50% (118.30) Fibonacci retracement so will go long to the previous support and TP = 115.494.