Xmrbull
Daily Monero Anlysis. Bullish!Chart Overview
* Binance: XMR/BTC
* Daily Chart
* Reducing / Falling Wedge chart pattern
Analysis
Monero is forming this bullish chart pattern, with many contact points (four significant touches on the resistance or upper line and three on the support or lower line). The multiple contacts adds credence to this chart pattern, most likely result is a bullish upswing.
Conclussion
The pattern may take until the end of the week to fulfill it's bullish price move, also things to consider is bitcoin could very possibly go on a strong rally which would delay the price move or even make the price drop slightly below the pattern before reversing.
Target
* 0.007887
DISCLAIMER: NOT professional advice, please do your own research before investing.
Monero on course for big bullish breakout!Chart: XMR/BTC (Daily)
Monero has been pushing up gradually and consistently, the 0.5 Gann Box price/time line has been hit. If Monero pushes past this convincingly, this line will turn from resistance to support and we can expect more bullish action.
Monero took a big hit from the recent crash and could be a very good time to buy back in.
Next resistance points include: (a) 0.011475 (b) 0.019546 (c) 0.027618 (d) 0.03569. Depending on how bullish you are would determine your targets.
Let me know in the comments what you think!
Disclaimer: NOT professional advice, invest at your own risk.
XMR is in decide zonedont worry ! ill update the best buy time
xmr has done well these couple of months , 6 green monthly candles , but monero can do more , xmrusd is in super special area that can send the price to previous ATH also xmrbtc is sitting on a strong support that can made the price fly against bitcoin , for a clean and safe buy wait for retesting current support in daily or weekly
