technical analysis: MONERO, is in Up trend. The price is now above the 21-Day WEMA which acts as a dynamic support and prevents from more losses. DAILY RSI is 52 and above a support level. In H4 RSI there is a strong downtrend line and as long as bullish exit is not happened Price will drop more. Trading suggestion: There is possibility of temporary...
Monero/USD is trading still above 38% Fib retracement but was much lower during the Christmas holidays. Demand is still strong but we can officially announce a bear market beginning. We will monitor very carefully what's going on next couple of weeks.
Hey guys, wanted to share this idea with you. Monero seems like a good long-term investment to me because of its anonymity and the talks around it being listed on coinbase next year. Furthermore,although there is a strong up trend, the MACD looks good and the next correction seems to be far away. Have a good day! Sven
Watching monero closely for a breakout of a long-term pennant. Movement and a close above 0.0193 signals a possible move to new highs. All indicators hinting towards bullish sentiment with room to run. Watching closely today, and planning to add on any dips.
The price bounced from 0.0164 resistance level . At least in short term we have a bearish trend. We have to watch closely for price action in this zone, because this zone can be a starting point for a new upward movement. We have to wait for a reversal signal confirmed by RSI. Pending orders should be placed at ~0.0116-0.0130 levels with stop orders at ...
Monero looking like a very nice long position right now, puling out of consolidation phase and presenting some new signs of additional volume out of the channel. Watch these Fib levels closely, but looks to me like this would be a very nice time to go long. Entry at the long position position, but be aware of possible bear traps as always. Happy trading!
After Falling Wedge pops up to continue the cup formation, the monero can reach for higher highs.
Pro Bullish movement: 1) Money flow is rising. 2) It formed a nice flag. When the breakout occurs, potential profit is 96% from the breakout point. (calculated by taking the height of the flagpole from the point it broke above major prior resistance. Prior resistance would be the blue line.) 3) The volume during the lifetime of the flag has been decreasing....
BITTREX:XMRBTC This chart is the perfect example of a Crypto Currency Scaling up. The patterns make sense and are as volatile as any crypto out there. Manic, Depressive and as Crazy as a Red Head ex-girlfriend. Monero is simple and has a huge community like Bitcoin with all the misfits and nerds that want to remain anonymous as we once thought Bitcoin was. ...
Monero appears to be breaking out from support but there is resistance it must break through to succeed This is a counter-trend trade so trade smaller. Risk reward is 2.25:1 Sean Vengan Professional Trader and Trading Educator DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY 1. If you don't agree with my views or analysis then it's very simple,...
Price formed good pattern for buy: brokeout of ressistance x2 and now reversal wedge So, looking for rise, use 1,272 lvl F ext. as target