Correction is XMR is not over yet

Correction is XMR is not over yet

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex

Monero continues correcting after the February rally. On Friday, February 26th, the cryptocurrency is trading at $197.

XMR/USD has been falling this week. In the daily chart, Monero is testing 38.2% fibo. The next correctional target within the ascending tendency may be the support at 50.0%, a rebound from which may result in a new wave to the upside. The MACD histogram, as well as its signal lines, continue moving downwards. If we take a closer look at the chart, we will see that in the nearest future the pair may form a correction, which…

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