Monero is looking good for a long if this key level holdsMonero has recently broke above a key resistance level & closed above the level on the Daily Timeframe .
A small pullback & retest of the key resistance around the 275 price mark has happened & is currently in accumulation.
RSI on the Daily Timeframe is 57.28, indicating an uptrend whilst still having lots of room before entering overbought territory.
The price is currently above the 50,100 & 200 EMA .
If the price is able to stay above the resistance level mentioned then a long from this area looks good.
Short term target would be the previous local high & resistance marked on the chart at around the 329.5 - 339.9 level.
Possible longer term targets are also shown on the chart.
Not financial advice, just sharing my idea.
Good luck.
Monerolongs
MONERO - XMR! Wave 3 is go in on!The ongoing correction in $XMR looks almost done. We have got a new low with Bullish divergence
What are you waiting for? The absolute low? Accumulate!
Target? Wave 3 ~ $270 MOON
#XMR #MONERO #CRYPTO
MONERO - XMR What are you waiting for? Accumulate
XMR/ETH Fib Level Support and Repeat Pattern LONGXMR making a similar albeit not exact pattern to November of 2017. The leading indicator I am looking at is the leveling price on the 0 fib level + the bullish divergence in RSI. As you can see in November/December of 2017 XMR rose all the way to the 78.6% fib level before taking a break and then making another move upwards towards the 161.8% level. I don't think it will be as bullish this time around but I am looking for it to move up towards clear resistance at the 50% level which would be around .366 ETH for a nearly 33% gain.
Monero Looking to BreakMonero 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!
XMR gave a breakout signal. Price will go up.Tom Demark count gave a green 2 on the daily chart. This is a clear buy signal.
I expect up to 7 days of bull run.
Here is my trading idea:
Long at: 121
Take profit at: 148
Stop loss: 110
Monero Technical Analysis-Buy-06.11.2017Hello Guys,
There is a stochastics buy signal and a bullish divergence on this crypto-pair.
Enter long at any close above $90 and aim for upper resistance line at $
MONERO-XMRUSD -Long-28.09.2017Resistance trend line broken above on 27.09.2017 and this means the first target should be at $107 and $120. Place a reasonable Stop Loss below $90.
Get more details here:http://www.newsbtc.com/2017/09/27/altcoin-analysis-27-09-2017-neo-dash-iota-xmr-nem/
Don't hesitate to inbox me in-case you got a question to ask.
Cheers.
