Monero declined from 155 to 62 and lost exactly 60%! This is interesting sign, but to be more confident, 62 is really nice psychological support because wave (I) resistance became wave (IV) support. There is one more and the most important sign! We see a clear double zig-zag
correction, which means that correction could be completed and we could expect Monero back to bullish trend
. Keep in mind that bulls will be confirmed, when we see a broken channel resistance line.
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