XMR Monero. No chances: Sell ag BTC !Hi, Traders ! How is it going ?
Monfex is on the air !
Do you still hold Monero (XMR) in your portfolio ? If yes, than better hurry up with Selling it ag BTC. Of course, if you will find the arguments in favor of this idea convincing enough after reading our analysis.
Just take a look at 1W Chart of Monero (XMRBTC):
* The price is going down relentlessly without the slightest hint of upcoming bounce up or the short-term upward correction.
* It became obvious for most market players that Monero is losing value too quickly and there is yet enough space downstairs in relation to BTC.
* Technical indicators give just a little information since the downtrend is extremely persistent.
* In such conditions, it is better to get rid of XMR as soon as possible Selling it ag BTC @ the level of 0.007 - 0.008.
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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
XMRBTC
Monero (XMR) - Multi-year Rounding Top?I honestly don't see this chart pattern playing out, but if it does I expect a 65-85% drop . If we get to the red line, the most likely scenario is a bounce/consolidation near that support area .
Good luck to all XMR holders, god bless you all.
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.
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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.