Hello traders
XMR is the only one crypto from top 25 coins (market cap) which is in 7D in loss, other (including hated XRP) are in lower or higher gains. I personally think ppl will be looking for coins which have not launched to the moon yet. XMR is ideal volunteer for this job.
Acoording to TA, XMR is in uptrend channel on 1D, after huge drop XRM managed to stay in channel and bounce back. I think XMR will soon test upper trendline and can reach 170-175 USD, depending on many factors. If breakout of upper trendline occurs, we can see huge pump. But it is soon to talk about it now. On the other hand, if price starts to decrease again, watch out for recations on lower channel trendline - if it bounces, it will be another good entry.
FUNDAMENT: Some exchanges are delisting privacy coins, so be careful if more exhanges join this "plan". On the other hand, "popular" dark web is going to work only with XMR, not BTC.
Do your own research, this is only idea and not investment advice
Share your opinions in comments. If you love it, please like ans subscribe for more analysis (2021 will be year of crypto!)
XMR is the only one crypto from top 25 coins (market cap) which is in 7D in loss, other (including hated XRP) are in lower or higher gains. I personally think ppl will be looking for coins which have not launched to the moon yet. XMR is ideal volunteer for this job.
Acoording to TA, XMR is in uptrend channel on 1D, after huge drop XRM managed to stay in channel and bounce back. I think XMR will soon test upper trendline and can reach 170-175 USD, depending on many factors. If breakout of upper trendline occurs, we can see huge pump. But it is soon to talk about it now. On the other hand, if price starts to decrease again, watch out for recations on lower channel trendline - if it bounces, it will be another good entry.
FUNDAMENT: Some exchanges are delisting privacy coins, so be careful if more exhanges join this "plan". On the other hand, "popular" dark web is going to work only with XMR, not BTC.
Do your own research, this is only idea and not investment advice
Share your opinions in comments. If you love it, please like ans subscribe for more analysis (2021 will be year of crypto!)