Monero has been a weak coin as well lately, very close to the previous low of April already, showing the weakness of this Alt coin very clearly. It does seem to be inside a very big triangle, something we can't ignore. For a bullish scenario i think price should not drop below the 190/180 and should find support from that green support area it's in at the very moment. If they manage to do that, than it will have formed a higher low on the longer time frame and if the market in general goes bullish again XMR could break out of the triangle triggering a longer term buy signal. I think the chances are bigger that it will drop even more, fact that it has been weaker than the market lately, suggests it want's to drop even more. It seems to be inside a bear flag now. So if we drop below that support level around 190, it will probably test the previous low which is a very big support level. But i think that if we get there, the support will eventually break. So this week will probably be an important one for Monero
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Same story here, still weak, but the support level is still working so far. Way to early to think about the blue line scenario, only a rise above 240 would allow to even think about that. It almost broke the bear flag on the upside, but so far it dropped back in again. So no clear signal here
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This bull flag looks less strong than other coins, confirming the weakness of Monero. Still able to form a good bull flag, but it should not drop any lower than this
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Still inside that bear flag, there is nothing bullish to say for XMR, expect that it's still on the support area, so there is still a chance it goes up. A rally above 240 would be good for the bulls, but i give that 20%. Chances are much bigger we drop even more
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Here we can see why XMR has been a weak link lately, it's already at it's lows of 2018. A bounce is always possible but it's almost certain the support will break eventually
Your going to kill yourself chasing the monthly top author spot.
aklang
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so the same as LTC
proficy
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Institutional money has zero interest in XMR so yeah.
gnostication
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@proficy, XMR is also the most widely used privacy coin on the "dark markets", which really was the initial use-case that brought demand to XBT back in the day. (You may not remember the old "Silk Road" days with the XBT/cryptocurrency scene, but it was the biggest reason I bought back in 2012...I saw the demand that resulted from its ability to enable free market transactions.)
Not all buy demand comes from the big money, even if there is a great amount of volume from that source. I wouldn't discount the value of any cryptocurrency that already has great usefulness and volume surrounding the "dark market"/free market ecosystems. It results in a significant source of demand, and also results in more distributed base to buy and hold.
Akaa001
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Could you update for BCH / ZEC / and EOS ?
Please
Akaa001
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Thank u boss
To which price you thinking it can droop ?
RAMbelhaj
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Hi. So is it good for long now?
panconpalta
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In crypto it's just too weak, until it's too strong. looks at Dash and Zcash today. Guess Monero is just the next.
Rainman2
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I guess insiders knew about zcash... in the world of privacy coins, it's one or the other