Big brother and big data want to know everything you do. Every purchase. Every transaction. They believe the want for anonymity is only for criminals. But anonymity is a human right. People are waking up and starting to take privacy seriously.
There is an increasing push for backdoors into encryption. Governments do not like the new power cryptocurrencies give to...
Watch for a break above the neckline.
The RSI and Stochastic RSI seem to be low enough to allow for a breakout pretty soon & it's already flirting with the neckline.
And as always watch what BTC does because that usually trumps anything else (I wish I could add this as a disclaimer to every idea! :)
Looks like a pretty solid breakout of that wedge.
BTC has come up against some pretty significant resistance points that it hasn't been able to break yet, and is pretty overbought on the daily charts so there's a good chance it'll retrace for awhile before it tries again - so it seems likely that Monero will take this opportunity to rally.
Looks like a turning point here in the ratio chart of these coins pitted against ZEC. ZECEUR and ZECXBT hit a huge support level which is an ideal long entry, so, if interested in riding the potential uptrend continuation play in it, consider taking at least partial profits from any holdings in DASH or XMR that you may have, to invest in ZEC. It is relatively...
Monero made a double bottom last night - still in line with my Rounding Bottom idea.
Updated the shape of the (totally speculative) Inverse Head & Shoulders drawing to fit the latest price movements.
It's unclear which way this is going to go as I imagine it will have a lot to do with where BTC goes - but here are some ideas I'm seeing & things to watch for (see chart).
If it goes in this direction and ends up forming a bowl, LOOK OUT! Because this would be the handle on a large cup that started with the last ATH around 0.0270 and would point to a pretty...
As can see, a bullish h&s has formed. Also, the pitchfork has been broken as I was expecting after a strong floor was found.
For now, the price should tumble. Low RSI and 1 hour charts are predicting this. In the long term though, we have a confirmed bullish reversal.
Watching for the overall trend to continue higher above $30 as blockchain changes with US laws. Expecting a continuation over $30 eventually. Investing & diversifying is key.
Downwards pitchfork is making itself quite clear. Admittedly, it took a few tries to find the best position of this fork, as they tend to be, however this one felt the most "textbook".
I don't believe this downwards trend will last long. The RSI and Squeeze appear to suggest that a breakout attempt will be coming shortly. For this, I am neutral.
I think up, how fast? not sure. Need vol to confirm imo, but looks good so far.
One of these things is not like the other. Left is a text book short.spike top, lots of sell break through support, and hits a double top no where near the spike.
We can clearly see some support here. Buy the dips or the breakout. Assuming we break ATH, wouldn't be surprised if it doubles, aiming to make a DASH-like move. Both have low supply, both are anon, dash also broke previous ath. I expect ETH, XMR and ETC to move together. ZEC might follow or not.
Pump of POLONIEX:XMRBTC and other correlated with it altcoins is about to over. Monero has reached its previous resistance level and pulled back. Time to short.
