Monero back in "Fair Value"

5 Jul 2024

Of all cryptocurrencies I see Monero XMRUSD differently as a good "store of value" which is private. That makes me a little looser with my trading guidelines for other assets. Monero has also proven difficult to trade in recent years... it has had some volatile swings but overall has broadly kept its value.

The recent cryptocurrency downtrend, led by Bitcoin, has finally caused the otherwise resilient Monero to break back into the 140 range. 140 on Monero for the last several years I have seen as "fair value" to accumulate. This is also the 50% Retracement of the recent trend and the Volume Profile Point of Control.

5 Jul 2024

Dagangan aktif

Picked it up on the 140 50% Retracement but now with this being bought up in hindsight can see that Volume Profile was the proper bitty bottom