... And Happy Birthday Monero!
Often I am asked: "I want to invest in a good crypto technology. What should I buy? I don't want to lose money on pump-and-dump. My answer: Take a look at technologies that offer a real understandable (simple) advantage. Monero is therefore a must-have for me. Why, I'll write below:
One of the biggest advantages for me in the...
Useless and not the most reliable anonymous coin. In the new growth cycle that will stretch for 4 years.
Many coins that were popular in the past cycle.
WILL NOT BE POLULLARY IN A NEW CYCLE OF GROWTH.
THROUGH TALKING NOT MANY SURVIVES!
I've made wild predictions in the past about Monero. When it was worth pennies I made estimates of it's value reaching well over $1 into the $10 range. This absolutely happened.
I then speculated that Monero could further increase from $10 to over $100 given the tremendous updates and growing community making it the best form of Money anyone has seen. This...
Final target for XMRBTC to settle (in my opinion) is 0.16 (current 0.0130)
XMR has the potential to be the number 2 Crypto currency. 1) Bitcoin 80% 2) Monero 16% 3) T.B.D 3.2% etc.
A must long-term hold for every self-respecting digital asset investor.
An interesting analysis to read from SATIS Group:...
Well, the weekly BBands are extremely narrow in XMRBTC. So a breakout seems likely.
Even though we are a bit overbought on the weekly timeframe, the monthly says that there is huge upside potential.
Stoch RSI has been oversold for a very long time now, and this together with the BBAnds, imho favors the upside.
Now USD-wise, of course, much depends again on BTC....
I'm a fungibility perma bull so coins like Monero and Masari are my FA dolls. I don't really trade Monero as I'd prefer to use it, but it's interesting to see what potential gains I could get through mining/buying further into the project. I've identified some key price points to watch on the chart and will elaborate on those.
Check out the volume in Sept 17 on...
XMRBTC decline after hit our previous analysis resistance.
right now we have pullback at channel up support trendline.
We can buy XMRBTC at 0.01296642 and aim for 0.01491763 for temporary target.
If we look at daily timeframe, we have very large projection at XMRBTC
After months of ranging, XMR has finally broken north out of the pennant that was formed on the daily time frame.
All it has left to do now is to break the current resistance level to remove the possibility of a double top. As long as this level is broken we should have no issue reaching T1
However, based on the size of the pennant, I have marked additional...
While the price is above the support 38.50, beginning of uptrend is expected.
We make sure when the resistance at 76.30 breaks.
If the support at 38.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
Price is above WEMA21,...
Slowly but surely Monero is coming back. Weekly volumes turning good.
Don't think about fast gains in XMR but it's a Safe Long invest.
Buy now 12900ish or little less.
First Sell 14000ish.
if break up Second sell 16000ish.
Big resistance 17500ish.
Stop Loss 12400.
And as Always follow BTC trend.
Happy Tr4Ding !
I was asked by someone to do a Monero analysis. I mostly do only ETH, XRP and LTC, the top coins, but I have to say that I sometimes forget the others.
Probably because they are all interconnected anyways, and they are very similar. They all follow BTC, no exceptions.
Copmaring XMR with for example LTC, we see that it is not quite as bullish. LTC made a fake...
Today I am watching XMR for a potential breakout of a bull pennant. This pattern comes after a breakout of major descending resistance which signals the end of the bear market.
Currently prices are tagging resistance of the pennant which is why I am waiting for confirmation one way or the other.
For a bull break to occur the best entry will be the...