Monero sees a sharp reversal in bullish momentum, will $135 be defended?

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice

  • Momentum on the daily timeframe flipped in favor of the sellers.
  • If XMR can defend $135, lower timeframe traders could look for buying opportunities.

It was a red week for the S&P 500 which fell 6.4% from Tuesday’s (13 December) open at 4092 to a low of 3829 on Friday (16 December). This began to hurt Bitcoin on Wednesday (14 December) when…


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