Looks like Monero is building a support line.
If the bullish trend continues, the breakout of 0.003 should be violent and bloody (bloody from the side of Monero bears, obviously not bulls).
If the bullish trend continues, the breakout of 0.003 should be violent and bloody (bloody from the side of Monero bears, obviously not bulls).
0.0024x is now an area of support, but how will it fare against the sands of time?
Mid-term ( 2-3 month) emission is in the bears favor, and can slowly erode the price. At the same time, a short-term influx of investors would cause the price to go nuclear. A medium-term influx of investors will at least neutralize the emission. To accommodate all possibilities, I've set some .0015-.0016x bids and some very high asks. 0.003-0.004 is too low in the short term if new money shows up.
