$XMR - Expect a 20% drop to the channel floor

The blue channel's median line offered support 3 times (green arrows), but now it appears to be broken. Further the ABC correction appears to be still in play within the red downward channel

RSI dropped below 50 again!

Targets are either the
greenbox which is the blue channel floor and 0.5 fib retracement OR
bluebox which is red channel bottom and 0.618 Fib

הערה:

First target box hit

הערה:

After an unsuccessful attempt to breakout of the red channel, we are now on the way to the second target box

עסקה סגורה: היעד הושג:

Target2 Hit!