CryptoCoinNomad
Short

Monero to test long-term support level?

POLONIEX:XMRBTC   Monero / Bitcoin
18 days ago
We had previously expected XMR to make a significant move upwards due to:

(1.) BTC pulling back;
(2.) XMR wallet on Jaxx, release scheduled for 21st Nov https://www.reddit.com/r/Monero/comments/5cks6f/jaxx_monero_integration_update/?st=ivq21jk5&sh=70a32fb5

However,

(1.) Due, probably in large part, to real world economic factors such as Yuan devaluation, Indian demonetisation and a run to an alternative 'safe haven' while gold             and silver             turn bearish . BTC is looking strong again and is continuing it's climb up and attempting to punch through resistance around $760.
(2.) Jaxx have posted a progress update which suggests that the planned release of their XMR wallet on the Jaxx platform may be put off till an indefinite date https://www.reddit.com/r/Monero/comments/5dsqrf/jaxx_monero_integration_update_3/?st=ivpdi3xz&sh=20c31de1
(3.) Head & Shoulders pattern suggests a move down.
(4.) Bearish flag suggests a move down.

For these reasons, we can expect XMR to continue a bearish decline until interest is rekindled by the scheduled hard fork on Jan 5th.
13 days ago
Order cancelled: XMR broke out of bearish flag / head & shoulders pattern as BTC continues decline in price and rumours circulated that Coinomi would be including XMR in their wallet platform in the future.
January 5th
Reply
CryptoCoinNomad TahirKhan2a
18 days ago
@TahirKhan2a, thanks, I will amend :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out