Long
Monero (XMR) - Value That Can Mirror LTC or BCH [Feb2018]
INTERPRETATION
This 2018 year begins the official clash between alt coins against BTC, ETH, LTC, and +/- BCH. Many companies have openly flexed projects that intend to upset and replace the reigning kings. The themes this year will likely to be platforms and privacy coins. Within the realm of decentralized privacy coins,
XMRUSD sits comfortably as one of the most recognized and established. Unlike DASH, which plans to use its coin for all micro transactions, XMR will be catered for specific privacy transactions and purposes. It's not far-fetched to predict the value to reach that of LTC and BCH.
BUY SIGNALS
-T&K bull cross
-Price T&K bull cross
-Price-Cloud bull entry & breakout
-Buying pressure from upcoming green cloud
CAUTIONS & CONFIRMATIONS
-Consider if start of Elliot Wave cycle (corrective wave unclear)
-Upcoming resistance will help confirm or deny bullish sentiment
POSITION
entry @ 29000
This 2018 year begins the official clash between alt coins against BTC, ETH, LTC, and +/- BCH. Many companies have openly flexed projects that intend to upset and replace the reigning kings. The themes this year will likely to be platforms and privacy coins. Within the realm of decentralized privacy coins,
XMRUSD sits comfortably as one of the most recognized and established. Unlike DASH, which plans to use its coin for all micro transactions, XMR will be catered for specific privacy transactions and purposes. It's not far-fetched to predict the value to reach that of LTC and BCH.BUY SIGNALS
-T&K bull cross
-Price T&K bull cross
-Price-Cloud bull entry & breakout
-Buying pressure from upcoming green cloud
CAUTIONS & CONFIRMATIONS
-Consider if start of Elliot Wave cycle (corrective wave unclear)
-Upcoming resistance will help confirm or deny bullish sentiment
POSITION
entry @ 29000
Trade active
INTERPRETATIONPossible start of Impulse Wave 3. Note that the projected Impulse wave is an estimate and hasn't been exactly predicted using the Fibonnaci sequence.
Note
INTERPRETATIONHere is the updated predicted targets using Fibonacci. Time to progression will likely be days to achieve targets.
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.
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.