Monero (XMR) is getting ready for a major consolidation.

Monero. The most anonymous cryptocurrency in the market.

The XMR-token has been in an uptrend for several months now.
but that's about to change as of now...

1. the 5-way uptrend is very well known bullish movement. the fifth bull move is the biggest as we can see on the chart.
most of the times if we see this pattern, it's followed by an ABC downtrend. (a healty but pretty big and long term consolidation).

2. the highest candlestick has an erormous wick on the upside which shows us there is a downtrend on the way.

3. if the consolidation starts you can be pretty sure it will be for at least 40-50%.

- If holding XMR => sell ASAP
- Buy-in at around 150-180 USD

possible patterns showing a market reversal (down => up)
1. rounded bottom
2. a candle that opens/hits the lowest point and closes on the high of the previous candle (1-day candles)

if you liked/agreed this post then please give it a thumbs up,
if you have any questions then please leave a comment. all suggestions are welcome!

with profitable regards,
Comment: The idea we had was posted a bit to early, but we were right about the fall..
the posibble buying are was touched in a short window of time..
whoever had a buy order at around 160$ made a good buy.
@Perspect, what do you think know? the price did not go down to A, it's all the way up
First of all XMR is not a token. That is not a massive wick. XMR/BTC chart tells the true story, XMR has already strongly corrected.
rly grateful to find some useful knowledge! am new in trading and I did not understand well the below 2 points.
Can you please help me to understand it more?

1. rounded bottom
2. a candle that opens/hits the lowest point and closes on the high of the previous candle (1-day candles)

Thank you! :)
+1 Reply
Perspect Ralph_Barhoum

1.*If A,B,C (or any other downtrend) takes place, we want to know when to get back in again. If the candlesticks form a nice rounded body (a half circle/looks like a smile). If you find such pattern the price is most likely to go up.

2. on the one day candles chart (every candle represents one day). If the lowest point closes (candle A), and the next day we find (candle B) reaching lower then (A) but closes the second day (B) higher then the highest point of (A), indicates that we might get a market reversal. ("a key reversal").

there you go . 2 signal you might find in the near future wit xmr or any other market following these patterns.

profitable regards,

@Perspect, I guess the first signal is happening now with XMR, do you agree?
If we look at the chart we can see it's forming a rounded body
The only way monero goes back down is if BTC crashes. Other than that, it will continue to rise. Regardless of T/A, its the marketing and demand for the coin. Its untouchable because of the privacy aspects of it.
+1 Reply
Perspect Arvin_Darred
@Arvin_Darred, correct thinking! hope you are right. you're for sure a holder and a backer of xmr. i apriciate that, realy...
I myself don't back ripple for a dime..
There are 3 sure things in life. dying, breakouts and consolidation... charts don't lie, I think it's going down.
cool man. god bless You
+1 Reply
Perspect Only0ne
@Only0ne, thanks same to you and merry christmassss !!!!

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