Hey every body. Happy New Year!! Hope you all had a great one!
So from my last published idea, Monero did rise up from the ashes showing signs of life, which was great to see.
So if any one out there bought at the recent low and sold at the high of 0.005331, that was nice 40% gain.
On the 9th candle it did pull back. So let's see where it goes from here. There could be another 4 days of positive price action, which would be really nice to see.I am hoping to see it go to the 1.414 Fibonacci level of around 0.005877, then pull back, eventually to the 23% to 38% Fib level, and then head north again, slowly but surely as indicated in the path drwan on the chart. And in light of the weakness seen in BTC lately, this is a possibility.
The 33 day and 88 day MA's will be crossing over in the next few days which will be another positive sign for Monero.
Not shown on this chart, on the Daily, CMF (Money Flow) indicator is bullish and is on the positive side of the zero line, but appears to have peaked. On the weekly, CMF is still below the zero line, but is heading north still. Squeeze Momentum has had 7 days of strong bright green shoots. Ichimoku has flipped green and Tenkan has risen above the Kinjun line. And the lagging span is well above the cloud and the Tenkan Kinjun lines.
Overall this is a positive for all supporters of this project, and those that believe strongly in privacy.
Let me know what you think.
Freedom or Death.
So from my last published idea, Monero did rise up from the ashes showing signs of life, which was great to see.
So if any one out there bought at the recent low and sold at the high of 0.005331, that was nice 40% gain.
On the 9th candle it did pull back. So let's see where it goes from here. There could be another 4 days of positive price action, which would be really nice to see.I am hoping to see it go to the 1.414 Fibonacci level of around 0.005877, then pull back, eventually to the 23% to 38% Fib level, and then head north again, slowly but surely as indicated in the path drwan on the chart. And in light of the weakness seen in BTC lately, this is a possibility.
The 33 day and 88 day MA's will be crossing over in the next few days which will be another positive sign for Monero.
Not shown on this chart, on the Daily, CMF (Money Flow) indicator is bullish and is on the positive side of the zero line, but appears to have peaked. On the weekly, CMF is still below the zero line, but is heading north still. Squeeze Momentum has had 7 days of strong bright green shoots. Ichimoku has flipped green and Tenkan has risen above the Kinjun line. And the lagging span is well above the cloud and the Tenkan Kinjun lines.
Overall this is a positive for all supporters of this project, and those that believe strongly in privacy.
Let me know what you think.
Freedom or Death.
