Monero's growth channel + XMV fork before us ..and All Time High
Hi people!
MONERO NEVER CEASED TO GROW in relation to Bitcoin .
In long term - it always growths in average speed characterised by a growth channel.
If I would zoom out, You would see that the channel is even more prominent than visible here (However it would be harder to discern the other important - present action)
I always follow this trend to adjust my price expectations. It is easy to follow, and it always paid of to me (especially in mid scale terms)
Or if I express it better - the price fluctuates very predictably around the mid trend-line (blue dots) - already from the year 2016.
By reasons not described here more in detail (analysis of growth in log scale) .. I may expect, that the growth will not cease - at least not till August (and price of 0.045). And maybe, maybe in this August we may see some change in this pattern. (Maybe I could make a chart about my thoughts on that subject?)... So for now, just watch it, whether I am right :-). (or just put this chart on log scale for a while and try to thing about the my lines from that perspective)
So my prediction here in short term?
The All time high ( ATHigh) - if it is breached the previous ATHigh we may shoot up to the second target, it is one scenario. .... I am not sure about that, though.
No idea now how strong will be defence of that price and how attractive will be the fork coming on 14th March.... and also an action on the bitcoin front.
Before that, NOW WE ARE in well published - small ascending triangle (hardly visible on my chart, I know, yet it is there if you zoom in), so I expect that - all combined together
- the attack on the price level of ATHigh is pretty much secured as a given thing and that should be our target one.
After that, whether we breach ATHigh price or not, we may see some mid term dip ... however, you know Monero, it will be not for very long :-).
So second scenario is - we secure the first target below ATHigh , we will fight the bears for a while, and limp down for a while. (depression from this fall should be smaller)
MONERO NEVER CEASED TO GROW in relation to Bitcoin .
In long term - it always growths in average speed characterised by a growth channel.
If I would zoom out, You would see that the channel is even more prominent than visible here (However it would be harder to discern the other important - present action)
I always follow this trend to adjust my price expectations. It is easy to follow, and it always paid of to me (especially in mid scale terms)
Or if I express it better - the price fluctuates very predictably around the mid trend-line (blue dots) - already from the year 2016.
By reasons not described here more in detail (analysis of growth in log scale) .. I may expect, that the growth will not cease - at least not till August (and price of 0.045). And maybe, maybe in this August we may see some change in this pattern. (Maybe I could make a chart about my thoughts on that subject?)... So for now, just watch it, whether I am right :-). (or just put this chart on log scale for a while and try to thing about the my lines from that perspective)
So my prediction here in short term?
The All time high ( ATHigh) - if it is breached the previous ATHigh we may shoot up to the second target, it is one scenario. .... I am not sure about that, though.
No idea now how strong will be defence of that price and how attractive will be the fork coming on 14th March.... and also an action on the bitcoin front.
Before that, NOW WE ARE in well published - small ascending triangle (hardly visible on my chart, I know, yet it is there if you zoom in), so I expect that - all combined together
- the attack on the price level of ATHigh is pretty much secured as a given thing and that should be our target one.
After that, whether we breach ATHigh price or not, we may see some mid term dip ... however, you know Monero, it will be not for very long :-).
So second scenario is - we secure the first target below ATHigh , we will fight the bears for a while, and limp down for a while. (depression from this fall should be smaller)
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