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Monero investors are still in despairWe don’t have any good news for Monero investors today. The asset is experiencing difficulties with rising above the $260 level, which has turned into a resistance. Young bull calves (we can’t quite call them mature bulls) were able to push the price out of the descending channel for a short time, but could not hold the position. But even if success favored the horned ones, the parallel expansion of this channel a little bit higher would certainly foil plans for further growth. Because of this, we predict that the asset will once again test the level of $230, where buyers should try their hardest to support the coin. We don’t see any prospects of rapid growth for Monero - at best, the bulls can expect a test of the previous local high- $300. The medium-term goal of $340, which we marked on the chart, can be kept in mind, but there are no reasons to count on its rapid achievement. Check the full crypto analysis HERE
BITFINEX:XMRUSD
by UToday
MONERO not far away from next turning pointMONERO has had a wonderful rally from about 160$ to actually 275$ (+70%). I think we´re now in the proximity of the next turning point. A) the ascending trend channel is very steep - and such movements don´t last for long B) EW shows we´re already in wave 5 (motive) - and wave 5 could be a shorter one C) we´re not far away from the long desending trend line (red) - last time wave 5 was finished when it had reached this line - this could happen again D) also there are several resistances (fib retracements) I would be prepared that Monero changes the direction and would head to lower prices. So long as the sentiment in whole market is positive the correction wouldn´t be strong. To give positive signals MONERO had to break the long descending trend line and should stay above. Indicators: RSI at the limit to overbought zone - but still some space left MACD positive, trigger about signal and climbing. Volume: losing strength - momentum is lacking immediate stop: If Monero plumps out of trend channel and breaks long fib retracement at 38.2% (235$)
BITFINEX:XMRUSDLong
by Luettis
Monero SinksThere is still no cause for joy in the Monero camp. It’s true that the support of $230-$235 has held, but trade volumes are not indicating any enthusiasm from buyers, and the asset itself continues to move in the lower register of the descending channel. In the course of the day, we expect a repeat test of $235. If it does not hold (especially in case of negative developments on Bitcoin), the possibility of a decline to the range of $213-$220 will be higher. In this case, correction will reach the 0.618 value of the Fibonacci grid, and if even at this level investors remain indifferent, we will have to reconsider the attractiveness of the asset for the medium term. Nevertheless, the huge amount of capital that came into Monero on April 18 is still there, and will certainly be defended- there is no reason to panic at the moment. Check the full review HERE
BITFINEX:XMRUSD
by UToday
1
Monero in DistressDuring the last few days, things are not going well for Monero, and we note a decrease in investor interest. Having reached the mark of $300 in the middle of last week, the asset didn’t just enter a correction but also formed a descending channel. At the time of writing, Monero is trading at $245, the 0.382 value of the Fibonacci retracement. Next comes the support zone $230-$235, where we expect a surge in buyer activity. To say with certainty that the price will not go down would be to forget the lessons that the market has repeatedly taught us. However, the probability of this is slight. Until Monero leaves the descending channel, it is too early to talk about further growth. Check the full crypto review HERE
BITFINEX:XMRUSD
by UToday
XMRUSD (D): Monero is one of kind, but ... ... a correction is currently possible. there is no question that monero will go its way. it has special feature as a currency. what is the current situation? monero has performed very well in the last days and weeks. the next big resistance line (around 300 USD) is in sight. here is the question of profit taking or waiting for the break of the resistance line. i am currently a bit more cautious at monero. Let's see what happens. Happy trading. :-)
BITFINEX:XMRUSD
by BTCINVESTING
7
Monero is on The Way DownAfter reaching the goal of $300, Monero has already corrected to $265, which coincides with the 0.236 value of the Fibonacci grid, but we believe that this is far from being the limit. With a high degree of probability, this first stage of decline will be followed by a return to the lower register of the ascending channel and correction to at least $245. At this level, we expect a surge in buyer activity, but pressure from the falling Bitcoin can erase all efforts to protect long-term positions. In that case, the pain limit for investors at the moment is located at the value of $230, which coincides with a powerful mirror level of support-resistance. A deeper correction will undo all previous successes of buyers and greatly damage the reputation of the asset. Check the full crypto analysis HERE
BITFINEX:XMRUSD
by UToday
1
Monero Reaches Targets EasilyThe positive mood reigning on the market helped Monero reach the next growth target which we indicated earlier, $280, without too much effort. Meanwhile, the graph shows the formation of an expanded ascending channel, the width of which allows the asset to be safely corrected to $250. After that, the next perspective target will be the range of $290-$300, where historical trading volumes were at the maximum, which is expressed by a strong mirror level of support - resistance. At the moment, Monero is one of the most stable assets, the growth and fall of which can be predicted by methods of technical analysis with high accuracy. Our recommendations regarding the holding and increasing (in case of a dip in the price) of the asset remain in force. Check the full crypto analysis HERE
BITFINEX:XMRUSD
by UToday
Volume Surges for MoneroYesterday's forecast for Monero was exactly on point, and the bulls’ target of $220 was executed with high accuracy. However, even we underestimated the amount of capital that flowed into the asset after leaving the long-term descending channel. Thanks to the strong support of investors, on Wednesday the price went up to $230, where it remains now. On the way, Monero broke through the ascending channel, and now, to build its extension, it will take a bit more time and data. The asset continues to look better than the market, the perspective goal is at $260, where the bulls will certainly meet with a rebuff. It is quite likely that before continuing the climb, investors will be obliged to take a little break - the range $220 - $ 230 is perfectly suitable for this purpose. Check the full crypto analysis on BTC and altcoins HERE
BITFINEX:XMRUSD
by UToday
Monero is Ready to Surprise InvestorsWhat the Litecoin investors still have to do, Monero fans are doing right now: the first thing that catches the eye on the chart is the lateral trade in the range of $190 - $205. Because of it, the price has formed a beautiful bullish flag, which is practically resting against the boundary of a long-term descending channel. Of all the possible scenarios of preparing for the break through a strong resistance, this is the most effective one. Given the bulls’ success, $220 will become the target with a triple confirmation (dimensions of the figure, the mirror level, the Fibonacci grid). Confident readers can try to trade from the break in the boundary of the channel, with a stop-loss order in case of a false break. As for the correction scenarios, the level of $190 is stll looking like a reliable support for buyers. Check the full crypto analysis HERE
BITFINEX:XMRUSD
by UToday
Monero StrugglesOnce again, Monero’s chart reminds us of Litecoin- the main conclusion here is the same: bulls have not yet managed to form an ascending channel. At the same time, we see periodic bursts of purchases, not accompanied by strong subsequent fallbacks, which may indicate that big players are entering long positions. A slight correction to the level of $190 completely fits into the logic of continued growth, but it’s best not to let sellers go lower- in that case, the lateral trading figure will be broken. On the other hand, for a strong price increase, there are two obstacles- the boundary of a long-term descending channel and a zone of strong resistance at $208-$220. At the moment, Monero is at a crossroads, and we recommend that readers avoid hasty investment decisions. Check the full crypto analysis HERE
BITFINEX:XMRUSD
by UToday
MONERO: King of the dark web is still aliveHi traders, Monero, the Lord of the dark web, is yet still alive. Contrary to lots of the main alt coins, Monero did not break its line of life, and seems to have recently deployed a sort of parachute, making it locally bottom around the 160$. It is still in a downtrend, but it is dropping at a slower rate than most of the coins, and its RSI is still not low. We can see that the expected fork allowed it to raise importantly, which created this huge bull trap between the 5th of February and the 5th of March. This might gonna surprise you, but this is one of the rarest current coins i do believe MIGHT have a future, this is of course not a guarantee as i am extremely pessimistic regarding the future of the current existing coins. Why am i optimistic about Monero? Because i expect this coin to remain interesting on the dark web thanks to its important privacy (that still remains to be proven as it might actually be traceable), and i am expecting to see in the future a large number of Online Casinos to be working with Monero, i am also expecting money laundering from every type of illegal business to keep on existing via Monero transactions. The actual possible traceability that users might not be aware of, could be a reason for governments to leave this coin "in peace", following illegal money movements is extremely interesting to discover who is doing what and from where this who is doing what with who and for who. Which means it will probably develop an important interest for governments, as it will probably be easier to follow than illegal cash transations, and it will give a lot of informations. Clearly, Monero is the internet value of the 500 euros billet. Last year at this exact date, Monero was trading for 21 dollars, so it still could have some more room to drop a lot of course, but perhaps less dramatically than some other main coins. Important point will be to see if Monero breaks down from its line of life, but so far i do not expect it to loose its value extremely, unless the majority of governments completely ban the current cryptocurrencies trades and transactions, which is of course a possibility.
BITFINEX:XMRUSD
by Giovi6969
17
Monero in Elliott WavesI draw a theoretical movement in Elliott Waves for Monero. This is not a serious analysis - only some thinking. As I´m not very firm with EW - and I´ve read that the EW-analysis is very personel and full of possible faults - I ask you what you think of it. Is it possible what I drew? Scenario A) We´ve reached the bottom and Monero will rise in a 12345 impulsive wave. Scenario B) We´ve not finished a supercycle corrective ABC wave. And the bottom is much deeper. Thanks a lot for your comments!!!!
BITFINEX:XMRUSD
by Luettis
XMR/USD - 4/10/2018Good Morning, Traders!  Monero has been trading in the bearish direction since the beginning of March and has recently began consolidating along the shorter 78.6% fib retracement line. Following the Gann fan, the price is predicted to reverse off the 2/1 line or break and continue going south. There is a support line matched with the 2/1 gann fan line that provide for a strong support to reverse the trend. But the Ichimoku lines indicates the opposite to occur and that the trend will continue. Looking at the Exponential Moving Averages, it can be seen that the EMA 20 has been moving close to the EMA 200 and just recently at the beginning of April fell below the EMA 200 signaling to sell and a potential bearish movement if it continues. Important Resistance Levels: 249.03 Important Support levels: 120.47, 151.88 DISCLAIMER   WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK.   CONFLICTS OF INTEREST   GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.   Written by:   Hammad Fazlani  Research Analyst
BITFINEX:XMRUSD
by EQBM
Monero Deserves Some Rest.The Monero chart resembles NEO again, but so far we can’t see either the exit from the figure or the volumes. It’s an alarming sign that buyers did not show activity even after the break through the parallel descending channel. Although, in the past two weeks XMR has often performed better than the market and now deserves a bit of rest. The sellers were not able to lower the price below $160 and now it has become a support with triple confirmation. Given a stable Bitcoin, the price of Monero should not fall so low, but this level should be kept in mind. While the asset is trading above that - there’s nothing to worry about. In case of continued ascending movement, the next bull target is $190, where a double top will be formed. In addition, the level coincides with the 0.382 Fibonacci extension, and therefore will be difficult to overcome. Check full crypto analysis HERE .
BITFINEX:XMRUSD
by UToday
MONERO: Bullish Divergence & Swing Position Entry? Monero has been moving sideways in a 30% equilibrium pattern since December 2018. This price movement is abnormal compared with other ALT Coin price actions since the beginning of the 2018 Bear Market. We are beginning to see Bullish Divergence on the RSI. The RSI is currently in the 40 range and beginning to move upwards. There could be a Bullish trade on the table. Of course, all Alts move in accordance with BTC. BTC health status should ALWAYS be your primary indicator before entering positions.
XLong
by BitInfo12