2018-06-12

Monero Breakdown

In the post on Sunday I wrote:
Monero is ugly. The next support is the psychological $100 level, the the prior basing pattern around $85, then the prior breakout/support level at $60.
It is breaking down again today. Other major coins are relatively steady near recent lows.
Decred also broke to a fresh low since Sunday, a negative sign for crypros in general since it has been a very reliable indicator.
OmiseGo is also off sharply today and below support again.

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