XMRBTC
XMRBTC hitting the support of wedge | A good buying opportunityPriceline of Monero / Bitcoin cryptocurrency is moving within a falling wedge and hitting the support of wedge and also hitting the bollinger bands support.
Last time when the price action hit the bollinger bands support and wedge's support it produced more than 18% profit.
But as the MACD is strong bearish and stochastic is in bear cross so we should wait for stochastic to give bull cross or MACD to turn weak bearish then buy.
Volume profile of complete wedge is showing less interest of traders below the wedge's support.
I have defined targets using Fibonacci sequence:
Sell between: 0.00721235 to 0.00772725
Regards,
Atif Akbar (moon333)
XMR - One Of Few Alt-Coins Moving UpXMR is one of few very coins showing some life after support. However, it remains to be seen how far this could go up. Bullish Divergence on the RSI could indicate a possible run-up to the 236 on the Fib. But 73% on the BTC Dominance would mean possible downward movement unless hype and developments takeover.
xmrusd xmrbtc is about to hit bottomwell xmrbtc looks not as good as xmrusd so it could be better to hold on to btc but this is very low compare to xmr history.
This is due to banning dark coin from a lot of cex exchanges, but i am sure there are group of people who would want dark coin for sure.
best time to buy is when it goes above 68 dollars. otherwise only aggresive users can buy partially, and slowly with stop-loss set at the lowest price.
JOIN leverage trading site to maximize your profit.
70$ free giveaway after first deposit. 3times withdrawal a day available.
BTCUSD,ETHUSD,EOSUSD,XRPUSD pairing available
bit.ly
JOIN sportbet with btc/bch with 100% bonus.
bit.ly
XMRUSD - short-term reverse zoneAs we can see after reaching second target of AB=CD at 61,8% Fibonacci retracement of AD around 100$, we are facing short-term downtrend. So it is time to identify possible local minimum or reverse zone. Take a look at last downtrend movement. If we create Fibonacci extension of this movement we can see possible support at point 2. This point is also crossed by support line of bullish flag. Also our first possible local minimum point can be value of 63$. Long-term horizontal support line is around 60$. There is a small chance to reach lower minimum in short-term point of view. RSI created minimum in oversold zone around 15 points - the same movement as the last time.
Monero Ascending Channel (Bullish Potential)Monero ( XMRBTC ) is trading within an ascending channel and is showing a pretty simple and basic set up and it looklike last bulish movement for BTC with similar pattern.
Now that the lower end of the channel has been touched, you can expect a bounce from current price level.
If XMRBTC is to drop lower, support can be found on the next fib. level.
All details can be seen on the chart.
Take a quick look at our Monero (XRMBTC) Full Active Trade:
Monero Full Long Term Trade (180% PP )
Feel free to hit like to show your support.
The ascending has been taken out and XMRBTC is now trading at support.
- The divergence is showing up on indicators now, RSI , CCI and MACD .
- It can still go a bit lower as most altcoins are hitting long term support or new lows.
Thanks a lot for reading.
XMR/BTC - Ready To Retest Previous ResistanceLooking likely that XMR is gearing up for a move upwards. Plenty of Higher-Lows in the candles with bullish momentum and support.
Been to higher zones on the fib previous, could be a possible move back up there again.
Tight stop losses if entering. Bitcoin behaviour matters on this.
XMR/BTC - Descending Wedge Pattern ReversalBINANCE:XMRBTC
A nice little example of a textbook descending wedge pattern reversal on the 1h chart here with Monero. Over the last few days I thought it might be a little triple top but given the fact that it's bounced off the 0.008200 area of resistance several times while slowly starting to make slightly higher lows, I'm putting my cards on a descending wedge.
On top of that being the technical side seen through the chart, the fundamental side of Monero potentially hitting a little bit of a rally here is due to it's inherent privacy and decentralization aspects. The whole crypto community is in the spotlight recently with regards to rules and regulations, Libra, governments trying to "ban" bitcoin, and so on. Without a doubt some of this news is hitting the ears of people on the outside who want to get in so naturally with Monero's privacy factors this could lead to an increase of interest and thus further confirming the technical indicators.
Waiting for more of a confirmation of the breakout would see a person buying in at slightly above the 8200 sat resistance level. With a stop around the 7800 area. And a take profit around the 8600 or even the 8500 level to be a bit more conservative.
In summary:
XMR/BTC descending wedge forming - indicators being the shape of the trend itself as well as the uptrend RSI divergence
Confirmation Buy Area: ~0.008200
Stop-Loss: ~0.007800
Take-Profit: ~0.008500 - 0.008600
Possible Time-Frame: 1-4 days
Big round numbers for ease of explanation and those would be my conservative numbers.
This is not financial advice and this is my first attempt at publishing something. Any feedback would be highly appreciated!
Cheers.
$XMR, Trying to recovery from recent bottom in a W shaped patte$XMR / $BTC Trying to recovery from recent bottom in a W shaped pattern
UCTS buy signal on the 6H targeting as 1st target the .0088 sats
MACD trying to bullcross as action tries to flip resistance into support at .0081 sats.
More volume is needed if we aim for continuation
#XMR