A follow up on; A quick look at Monero (XMR)

What a ride it has been for XMR in the past week! Since my last update XMR has made a breakout of more than 100%. XMR seems now to be consolidating in and around the 0.007-0.008 level.  

Following such a dramatic surge, one should be on the lookout for a correction. XMR still has a relatively small market cap at $55.000, so volatility should be expected. If XMR should close above the 0.008 mark on the daily chart I would see that as a very promising indicator.