Monero: ⬇️ Sell

– Monero broke pivotal support level 350.00

– Likely to fall to support level 316.00

Monero cryptocurrency recently broke the pivotal support level 350.00 intersecting with the 61.8% Fibonacci correction of the upward impulse from the start of October.

The breakout of the support level 350.00 accelerated the active impulse wave c – which started earlier from the powerful resistance level 425.00.

Monero can be expected to fall further to the next support level 316.00, former low of wave iv from the start of November.