XMR - low in or very soon

POLONIEX:XMRBTC   Monero / Bitcoin
All details at chart. Read text, it's easy to understand that maybe time to new "bullish cycle" is very close. But please notice that we are in apex of triangle and fluctuations are not so huge like at the beginning, so don't expect big rises too easy now...
Good analysis. XMR is atm my favourite coin to trade because there are not so much coins, it is not premined and it has real use cases atm. Was long once long at 0.0059 i guess we'll never see that low level...i would like to see 90 again to open another long position. For the moment buy/sell must do it. But looking to DASH/ETH makes me very very confident that Monero is still cheap atm. Some people already use it for non-illegal stuff like supporting the opposition or demonstrants because doing that in a visible way could lead to penalties.

Good example is the rich country germany...some people get fired because they supported a more right wing party. No need to talk about real dictatorships. For me real world use cases are very important to assess a CC.

My conclusion: Monero is one of the coins you cannot to much wrong to buy'n hold/trade :)
Seems like you called it.
oldstout MateuszGrzelak
@MateuszGrzelak, Thanks.:D
@oldstout, What do you think will happen next ? It might be now a descending triangle imo, and also dash seemed to look identical in one hour frame and then it crushed to recover later. So there is that, although there are buy walls at 12.5 usdt, so it is not going to be lower than dtat for sure in the future.
+1 Reply
oldstout MateuszGrzelak
@MateuszGrzelak, You are right. It can do 2 things: going to the end of triangle on this char, in apex, which means 0.01 to 0.013 or it can break triangle much earlier if it will continue to rise and will break 0.382 fibo at this chart. BUT you are talking about Xmr/$ chart and this is Xmr/Btc chart. :) At /Usd pair - you are right - we see similar to Dash longterm chart. :) At 1h - I don't like looking to 1h but yes, 12.5-13$ is near actual uptrend line on /Usdt at poloniex. I see some new bullish charts about Xmr, just take a look, many ineresting ideas: https://www.tradingview.com/chart/bitcoin/?sort=recent&q=XMR
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