CryptoCoinNomad
Long

Monero (XMR:BTC) Study

POLONIEX:XMRBTC   Monero / Bitcoin
BTC             has returned with support above $700 which will have pressure on XMR price. This could slow down the time it takes to re-attempt or exceed previous all time highs. If pressure is maintained on XMR we could expect a slow and steady climb until Jan 17th's hard fork.

However...

Jaxx are currently targeting 21st Nov as the date that XMR is added to their multi-currency GUI wallet platform. History shows that this is likely to have potential for a rapid price rise.


Currently waiting to see at which point XMR breaks out of the channel its been in since end of Oct - beginning of Nov.
Order cancelled: Head and Shoulders pattern developing along with continued bullish outlook for BTC suggests that XMR will be more likely heading downwards in the short term.

snapshot
These opinions shouldn't be considered as trading advice. Always conduct your own research before making a trade. And only invest what you can afford to lose. Only the whales know which way the waves will flow... and sometimes even they get it wrong!
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out