MONERO XMRUSD Price Action Monero network tansactions have continued to increase since the November. MR has also historically had more transactions per day than ZEC, GRIN, or PIVX, but fewer than DASH.
Fundamentals show active and continued incremental XMR network upgrades over the past two years, including decreased transaction costs, improved transaction efficiency, blockchain pruning, improved privacy, and improved custody solutions.
SHORT TERM LEVEL
Next intra day resistance at 143.75
LONG TERM LEVEL
The cryptocurrency is down 72% from the all-time high of nearly $500, established in December 2017. All eyes over the next year are on the heavy resistance zone of US$150 based on yearly pivots , and psychological round numbers.
Buysell
NZDCHF support & resistanceFX Strategists at UOB Group, NZD/USD could have charted a short-term top and is now seen entering into a consolidative phase.
“We expected NZD to ‘drift lower’ yesterday but we were of the view that ‘the strong support at 0.7010 may not be easy to crack’. However, NZD briefly dropped below 0.7010 (low of 0.7006) before rebounding to close little changed at 0.7042 (+0.01%). The outlook is mixed and NZD could trade between 0.7010 and 0.7065 for today.”
Where NZDUSD goes NZDCHF will likely follow. Looking for significant signs of resistance and strong breaks through support.
CHAIN LINK / USD - is it time to sell yet?Hello, Traders!
Today, I'm going to show you the trend I followed with the CHAIN LINK.
LINK has been one of the fastest-growing cryptocurrencies of 2020, but will this growth continue? Various indicators are stating that the growth will continue and that this move down is simply a retracement.
Continued buying suggests continued bullish movement is ahead with the RSI (Relative Strength Index), showing that the trend is still very much bullish. LINK’s trend magnitude is significant, with the RSI over 60 for the whole of July.
On the contrary, the Heikin Ashi is pointing towards a period of downwards movement. This is seen with the most recent Heikin Ashi candle being red, suggesting that a retracement may be in place.
If this downwards movement continues it would see the SAR (Stop And Reverse), a momentum indicator, flip. This would suggest that the momentum has switched from bullish to bearish. The gap between the SAR line and the candles is very small, the wick of the recent downwards candle is almost touching the SAR line. It is important to note that with strong trends, the SAR is a very effective indicator. If the SAR did flip then a retracement would be highly likely, although to what extent could be indicated with the BBs (Bollinger Bands).
A retracement would likely see LINK test the median line (red line) of the BBs. If this occurred LINK would fall to around $6.5 USD, a 17% loss from LINKs current position.
Overall the indication is that the bullish movement will continue. Some indicators are suggesting that a reversal will occur, opening up a potential dip buy opportunity, before the further price increase. The overall trend remains bullish.
Will the market dip this week?
Good luck and keep up with the market!
EURGBP AT ITS SUPPORTHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see that the pair is now at the support which can be consider as a retest as it came to the support after breaking the trendline. It will be interesting to see what the pair does. If it breaks the support then it will give a downside move, if it does not break support then it will move upwards
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
An extremely easy but super efficient investing ruleIt's actually disgusting that it would be so easy...
Countries approaching socialism: Sell & Let them starve.
Countries abandonning socialism: Buy & Hold.
It's barely more complicated than this.
Most African countries have been living in absolute misery probably because after the soviet union stopped sending them free stuff, the european union and americans have been taking pity on them and throwing free stuff at them. To feel good about themselves. All this has accomplished is enabling awful (even much worse than the soviet union's) anti business anti ownership regulations, the people need to be pushed to the limit and have nothing to lose and nothing to hope for to make a change, all these "helpful" organisations sending food clothes medicines, all these altruist doctors, they are responsible for misery in Africa.
If they think they are going to heaven for their "good actions" boy do I have bad news for them (:
With the US stock market in a bubble and nearing explosion I'd say it's not the time to invest right now.
The whole world will feel the shockwave.
Some GDP growths:
I've been looking a bit at Rwanda but just to get a better idea, to be able to more easilly recognize when this happens ELSEWHERE, I will not invest in a country of murderers.
While the herd is getting all excited by big US names and new techs (dot coms, crypto...) AFTER the gains have been made, anyone will a brain bigger than a walnut should look for everything that is undervalued, it should be a habit. I am a speculator not an investor but I figured this is how you do it. I am not saying there is no speculating, actually investing in some 3rd world unstable countries you better be prepared to lose then totality of your investment, but it can also go way up.
Imagine this: some complete ruin of a country, worth zero, simply mentionning its name and investment in the same sentence makes your average person laugh.
The harder they laugh the bigger the potential. "The people" are ALWAYS wrong just do the exact opposite.
Also, if the population of the USA gets butthurt and jealous enough they WILL vote socialist I can guarentee 100% it will happen if they get salty enough.
Just like Donald Trump could win the election in 2016.
And when that happens, all the world economies relying on free innovations coming from "evil capitalist" US will crash. Forget GDP growth. Plus there's the climate religious freaks that want to conquer the world.
Also europe free ride on the back of the US military will probably be over. They're going to have to spend their own money.
Having ideals is cute when you have a large nation doing all the work for you, or when you have huge Oil exports and literal unironic millions of slaves.
But when reality knocks at the door, it wields a baseball bat.
Always remember: During the white revolution Iran experienced double digit growth.
ZENBTC READY TO GO!As we described in the related idea, we were waiting for this entry at this level.
The bounce was really nice, 7% in 2 hours since the target around 0.001150
Check the related idea to get the TPs and Targets.
If it fails at 0.0013 BTC, get out of the trade because BTC market is really fragile at this time.
Greetings!