Let's talk about Monero.
Technical bull signals:
Some charts:
Monthly heikin ashi trendline and EMA's support
Weekly cup and handle and EMA's support
4h potential head and shoulders **needs to break neckline to confirm**
Some bull fundamentals for the next few months that could push monero higher:
Some external risks to this xmrbtc long:
Entry price:
0.0155-0.016
Stop loss:
0.0145
Targets
0.0192
0.022
0.03
0.038
Leverage
x1.5
Good luck and trade safe.
Technical bull signals:
- 6 weeks down trendline broken and retested.
- Potential daily/4h reverse head and shoulders
- Weekly cup and handle formation
- 1 year monthly heikin ashi trendline holding and green candles
Some charts:
Monthly heikin ashi trendline and EMA's support
Weekly cup and handle and EMA's support
4h potential head and shoulders **needs to break neckline to confirm**
Some bull fundamentals for the next few months that could push monero higher:
- Android / iOS MyMonero (light) mobile wallets
- Desktop Lightwallets (MyMonero for sure, probably Exodus as well depending on how well #3 goes)
- MyMonero Backend open-sourced (so you can run your mobile app on your own infrastructure).
- Multisig
- Official Stable GUI desktop release.
- Official Beta GUI iOS/Android release.
- Range-proofs for RingCT (smaller tx sizes)
- Kovri (alpha release at least, maybe even a beta)
Some external risks to this xmrbtc long:
- High bitcoin lending fees in poloniex (currently over 0.1% daily)
- BTCUSD breaking up the 3.5 years rising wedge
Entry price:
0.0155-0.016
Stop loss:
0.0145
Targets
0.0192
0.022
0.03
0.038
Leverage
x1.5
Good luck and trade safe.
Note
USD outlook:We have a bullish MACD cross and a 21,8 bullish MA cross
**Similar conditions to previous bull runs, as you can see in the monero/usdt long term trade in related ideas
Note
I've spotted a nice three drives pattern in xmrbtcNote
Three drives pattern completed and target 2 reachedIm selling 25% on each target, so i already closed 50% of my position.
My final base price was ~0.0158
Im rebuying some bits at these prices (low 0.018) btw. Nothing relevant so i won't keep track of it, but it might help you if you are thinking to join this trade now ;)
Note
Break out. Bitcoin probably heading to a 100 usd correction back to low 1700's, might be the oportunity for xmr to shine and come back after these days of correction while btc going full retard breaking ath's everyday.
Note
I'm slowly cashing out of polo. I don't have any justification, just a feeling, so i'll be closing this long as i need to (my withdrawals limits are small for my current holdings in poloniex, so it'll take over a week).Besides i'm paying mad fees and they'll eventually eat my profits if it keeps stangnat.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.