Monero after such a rapid growth since November has corrected almost down to 0.382 Fibo level. Since 22 December it has been consolidating between around 280 and 390 dollars. Volumes are low so I think it will take some time to gather all the strength to grow further.
I will strengthen my longs at 0.618 Fibo and at the zone between 290 and 320 dollars.
The targets are:
- last high at ~470 dollars
- 700 dollars as 1.618 Fibo level
Feel free to criticise!