Monero Technical Analysis for 08/11/2015

[srgkrgkj]

Monero has been trading in a sideways market since the 6th of August. Price is currently resting on a major pivot area, the 0.0024 level. The 0.0024 level is a fairly well established pivot zone and the market has respect it a number of times. This level served as support on two occasions during the past five days of trading, and once as resistance. It is very likely that price will find some support here before possible making a move north. If price manages to get to 0.0023, the 0.0024 level is very likely to turn into resistance, but that is a BIG if.
 
http://themerkle.com/market-analysis/monero-technical-analysis-for-08112015/

[s1gs3gv]

Not that BIG. XMR is now 0.00227399.

~LOL~

[dEBRUYNE]

Please just post this in theh speculation topic next time -> https://bitcointalk.org/index.php?topic=753252.0

[Sir Alpha_goy]

.

[stoat]

My technical analysis:

Monero is positioning itself for riding coattails.



Speculation of course.

Coat tails of what? ETH?  I don't think so. From what I've seen people are leaving shitcoins behind and buying ETH.