XMRUSD Bull Run ComingXMR seems to be hanging very well in this channel, if plays out we should see 400%+ in under 2 months.
XMREUR
Expect Monero to move up above 370 vs Euro In line with the expectations for Monero/Dollar anticipate a move above 370 after a retrace below the 300 level.
Given the marketstructure the retrace might even go to 250.
Look for swelling volume as an early indicator or the next wave up.
For now volume is drying up, so expect more downside first.
Waiting for strength to get back on XMRIn two days around christmas XMREUR went on a crazy 100% swing, but the MACD on the daily crossed hinting at further weakness.
Together with most cryptos (BTC, REP) XMR corrected violently to its 62% Fibonacci level computed from the pre-christmas advance
The bounce on 62% fib is much lower that the lower boilinger band, the MACD is still showing weakness, so I would stay out of XMR right now until show of strength.
If it starts trending up, I will look at 305 (middle of the boilinger band) for resistance. Currently the SAR indicitaor shows indecisions (dotted lines).
XMR, jut fearIt was a long night yestarday. now the price is going to the 320 330 and we ll see the next stop: up or down. I look up because they had chance to make worst!!
XMREUR Going to riseI think It's a good opportunity to buy XMR, it should rise again at 220€ quite soon. It hit the floor yesterday and got lots of support
$XMR to $420$XMR is looking bullish, as money is starting to flow back into blue chip altcoins and Bitcoin is nearing a major psychological barrier at
$10k. Based on fib extensions (2.618), My USD target for Monero is $420. Blaze it.
XMR preparing for wave 5As XMR has a small pullback from its strong upward trend it prepares for wave 5.
The pullback was relatively small compared to the Fib levels expected (0.382) in a wave 4. It was stopped at the previous high (132) before it stabalized a bit.
On a four hour chart we can see a cup and handle pattern forming itself which could indicate just the right bullish pattern to launch XMR's wave 5. For people who want to ride wave 5, this would be the moment to buy.
- Bullish target; 195 EURO
- Bearish note; pattern could also result in bearish double top which is strong bearish.
- MACD looks still bullish and open
- RSI is slightly overbought but nothing crazy compared to last push in August.
XMR projected advance to $200XMRUSD is breaking out of a perfect cup and handle pattern that has been developing for a few months.
The projected advance (after measuring the distance from the right peak of the cup to the bottom of the cup) gives an upward projection of $201.
XMR going for line 3It seems that XMR had a healthy pullback which could possibily be the second Elliot wave (0.618 retracement) and is now going for its 3th wave.
Based on Fibs and previous highs, strong resistance expected at at the blue box area. If break through previous high (132), 147 EURO would be next target for XMR.
RSI seems ready to support upgoing trend.
XMR/BTC swing trading - long As we see the chart is currently moving in a sideways direction. It is a good situation to enter a swing trade. This is a 4hs chart the trade could run over several days. The breakthrough of the Symmetrical Triangle may lead to a new upward trend.
Cryptocurrencies: spreading riskAfter recent developments, its obvious that risk management is everything. "spreading risk" over multiple currencies might just be an illusion.
XMRUSD 8h: July forecast - up to 65 USD possible.Monreo is now at fibo 0.786. I think we are not at the bottom. In expectation of the general trend-reversal - imo - it will go up.
Let's see what happens. Happy trading. :-)
XMR Bull Pennant! Gains on gains on gains!If it breaks up, expect massive gains! Vice versa for if it breaks down haha. I'll post TP and other updates soon.
Let me know what you think!
Bullish Flag depicts readiness for a break out.Looks like XMR EUR will pump soon, likely to test the previous structure highs of 50EUR.
Refersal on XMRAs we know, XMR has been down for a few weeks, BTC is on the upside, I will place a buy position around 0.012
Xtreme Mega RektThis is your last chance to SHORT. This H&S will play out as it happened in September 2016 and we'll go all the way down to 0.011. Don't make the mistake I did at that time. I bought at 0.023 in September and became a bagholder until this month. I finally sold at 0.024 and took a very small profit. I did learn TA meanwhile so bagholding was definitely worth it, but very tough. So if you're ready to take that chance and baghold until the next comeback, I wish you good luck in that endeavour.
Comments are more than welcome!
