There is a possibility for the beginning of an uptrend in XMREURTechnical analysis:
. MONERO/EURO is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (109 to 91). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (109)
Ending of entry zone (91)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 126.00
TP2= @ 146.00
TP3= @ 181.00
TP4= @ 243.00
TP5= @ 295.00
TP6= @ 350.00
TP7= @ 420.00
TP8= Free
Moneroeur
There is possibility for the beginning of an uptrend in XMREURTechnical analysis:
. MONERO/EURO is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (109 to 91). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (109)
Ending of entry zone (91)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 126.00
TP2= @ 146.00
TP3= @ 181.00
TP4= @ 243.00
TP5= @ 295.00
TP6= @ 350.00
TP7= @ 420.00
TP8= Free
A Long-Term Trading Opportunity To Buy in Monero/Euro ...Technical analysis:
. MONERO/EURO is in a Down Trend and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (132.0 to 116.0). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (132.0)
. Ending of entry zone (116.0)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 157.0
TP2= @ 188.0
TP3= @ 210.5
TP4= @ 243.3
TP5= @ 268.2
TP6= @ 304.1
TP7= @ 355.5
TP8= @ 420.6
TP9= Free
A Long-Term Trading Opportunity To Buy in Monero/Euro ...Technical analysis:
. MONERO/EURO is in a Down Trend and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (132.0 to 116.0). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (132.0)
. Ending of entry zone (116.0)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 157.0
TP2= @ 188.0
TP3= @ 210.5
TP4= @ 243.3
TP5= @ 268.2
TP6= @ 304.1
TP7= @ 355.5
TP8= @ 420.6
TP9= Free
Monero: Have you formed the C of CD leg????It seems C has finally formed on Monero. If this is correct then we are looking at getting in to take advantage of price moving up to D (78.6%) which will complete the Gartley pattern.
I have been long for some time (was painful 3 weeks watching price go lower / side ways) but we have some really positive price action now including today BIG green bar.
I will post in the notes entry / add to position, stop & take profit soon.
Monero: Why are you going down?In this video we are trying to answer the question of why after a very stong move up (circa 165%) Monero is having a pull back. From what i see in the charts a B seems to be forming of a Gartley pattern at 61.8 fib level. If this is the case we will get a C in the region of 23.6 fib level before a move up to D at 78.6.
This is still very early so I'll update as things progress in terms of entry point / stop loss etc.
Expect Monero to move up above 370 vs Euro In line with the expectations for Monero/Dollar anticipate a move above 370 after a retrace below the 300 level.
Given the marketstructure the retrace might even go to 250.
Look for swelling volume as an early indicator or the next wave up.
For now volume is drying up, so expect more downside first.