Monero 1W - bottom in start of wave 5Several trendlines, pitchfork and 88.2% fib level come together at this low around 62 just above june 2017 top.
Is XMR at the bottom and will we see the start of a wave 5 now?
Xmrusd
XMR. Possible turnaround from $ 50-57After a long correction that lasts a year, I think that the time has come for changing the trend. There are several facts that speak about it
1. The price is approaching the first liquid zone of this coin. This is visible in horizontal volumes. Also, if you take a detailed look at the history of this coin, it is clear that just after consolidation in this area on August 19, 2017, the growth began to $ 470 and significantly increased volumes:
Also, note which rebound was when the price dropped into the price zone of $ 85-95. From this price zone, a rollback of 60% began. This price zone is much weaker than $ 50-57:
2. In my wave analysis it turns out that in the price zone 50-57 $ the global wave C, which is equal to wave A, ends.
Wave C consists of 5 waves in which the proportions and wave (v) = waves (iii) * (0.382):
From this price zone, the first goal of $ 89 is the ultimate goal of this $ 150 idea.
When the price approaches the critical price zone, I will put an idea on a shorter timeframe for the probability of working out this scenario.
XMRBTC (W): The XMR dragon could wake up and fly ...The long-term view of XMR shows a different picture. One might think that XMR is overbought compared to BTC. But we should keep in mind that XMR hasn't had a real ATH yet. XMR has developed rather slowly and organically. Accordingly, the development could continue and XMR could rise against BTC.
Let's see what happens. Happy trading. :-)
XMR falling wedge reversaladded on break of trendline on kraken so different prices but was at $64.9 for 18 shares
XMRUSD: First Target hit. Approaching the last one.TP = 75.792 hit as the price broke the previous 1W support aggressively (STOCHRSI = 0.000, Williams = -96.586, CCI = -263.5802). 1W indicates the MA200 = 62.982 as the buy spot but technically we put the demand zone within 54.850 - 64.104, just a plain range around the the 1M MA50 = 57.483. Our next and final TP for Monero's bear cycle is still 64.104, which will complete our shorting strategy of the past 10 months.
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XMR Monero a quick inverse H&S long.*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY***
We just noticed abnormal trading volume increase on Bithumb. You can check it yourself on coinmarketcap.
Technically we are seeing an inverse head and shoulders chart pattern on 1D chart, which gives us 42% potential risking only 6%, the risk/reward is pretty amazing here.
We purchased a new self-made indicator yesterday to better visualize whale accumulation, the indicator is also showing bullish.
The only problem here is the lack of liquidity is preventing me to trade heavily on it. We'll collect as much as we can before breakout.
LONG XMR Fractal Turning Point for MONEROGeneral: The market ist resting and preparing for Bullish setups. Bullish on XMR USD and BTC -0.90% pair / Factal Pattern.
About the Fractal: This is a long Term analysis and am very konfident this pattern is going to play out. we currently finished the last zone and are heading into the first uptrend zone for Monero.
Like If you appreaciate.
Feel free to tip so i can start doing this on a regular basis.
BTC -0.90% / Bitcoin: 1GLr5xkEQonUBquXjLQWoxhT5BSxdTpkur
Monero XMR 17 % !!Monero Making Expanding Triangle if Price Dropped on the Support Level 0.015800 then we have a Long Position Opportunity.
we Can Place Sell Order 0.018500
Let See , What Will be Next Move.
I hope that Price can fly From Buying zone.
Share Your Opinion in Comment Box.
if You Satisfied With My idea Then Dont Forgot To Hit Like.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
XMR: 680% gain in the next months?Let's analyze XMR..
- Upward log trend since 2016, ended in January 2018.
- Forming triangle until these days.
- Can the symmetric dashed green line be the other support?
XMR could get back to reach middle green bold line, reaching a 680% gain.