I'll still bullish on Monero. It took some big hits after testing 0.03, but it's held strong now. RSI is strong, Stoch is in a good zone to allow for more growth. MACD is bullish. Price is above the Ichimoku cloud.
This line I have highlighted may prove to be the most important line in the history of Monero. Is has been a point of major resistance over the past 18 months and if it holds as support it will be fantastic news for Monero fans.
PM me for entries, targets, and custom charts.
Comment
⋅
Interesting point for Monero. 0.025.
Comment
⋅
Bam.
Comment
⋅
Testing the top of the original asc. triangle
Trade active
⋅
Broken out of the ascending triangle. Let's see if we can build some support here.
Comment
⋅
Monero is fucking killing it right now
Comment
⋅
It's incredible how strong Monero is still. Seems to be in a solid up channel
Comment
⋅
This original ascending triangle is still in play.
Nice chart man I remember looking at this right after thinking the same thing. I think it's going to run up significantly past all time highs. I've been hearing OG's mentioning it all over the place. Too scared to buy at these levels but HODLing what I've got for sure.
Brisben
⋅
@jaronfitz, Thanks man. You are right to avoid buy now. It's very high up.
Nielsagaert
⋅
@jaronfitz, I don't get that what's the difference between holding and buying something to hold. You get the same exposure in both cases.
jaronfitz
⋅
@Nielsagaert, interesting point. i guess it's just different to me because there are opportunities everywhere. XMR has a very consistent channel that's lasted over a year that we're currently at the top of. I've held Monero for a long time and mine it. I'm comfortable with holding onto that position as a long term bet. Even if it goes down I think it will come back and eventually breakout the topside of that channel. I just don't want to buy more in case that's not the case. Make sense?
Nielsagaert
⋅
@jaronfitz, yes i understand now you're comfortable with holding but don't want to add to the position any more.
jaronfitz
⋅
@Nielsagaert, I was uncomfortable buying at .028 but bought a bunch at .026 AND at .0315... oops. oh well just hodling for as long as it takes
Brisben
⋅
@jaronfitz, Haha I know that feeling. Honestly as tempting as it is I am holding off until under 0.02 to pick up more XMR. It's hard to resist though!