I think this is a fake out. It has already tried to break trendline but was beaten down and closed candle below (left hammer) then it tried again and had no volume on breakout so i think its a fake out. I also think that bitcoin, which is currently sleeping is going to wake up next week and push for new ATH. This typically doesent bode well for BTC-Altcoin pairs....
All details at chart. Read text, it's easy to understand that maybe time to new "bullish cycle" is very close. But please notice that we are in apex of triangle and fluctuations are not so huge like at the beginning, so don't expect big rises too easy now...
RSI oversold and positive divergence. Price has been going down, but the RSI hasn't gove below 24 over the last 45 days. The dip has been bought agressively and that is a bullish sign. We hit some long term support and bounced strongly which is a bullish sign!
A bullish pennant (in green) has been developing since a bounce off of support at 0.0096 in late December 2016 reaching a peak and finding resistance at 0.0167.
A cup & handle pattern has been clearly identified and at first it looked as though XMR would be ready to take off in early February 2017 buoyed by the anticipation that Jaxx would be adding an XMR wallet...
Monero has signaled mid term trends in the 4h chart with clear divergences.
Now we are dealing with a new one, just confirmed in the RSI too.
So probable we are ready to a new pump to the next resistance 0.0193 or 22 usd.
Some videos about monero worth seeing:
Fluffypony talk at coinbase headquarters
www.youtube.com
Fluffypony speech at the North America...
I find XMRUSDT chart more important than XMRBTC. Long until next resistance level around 16 USDT, short and buy back around 15 USDT. Then long again to retest ATH at 18.5 USDT. I expect a bit of consolidation for about two weeks at that level and then test new highs at 20 USDT with a dump all the way down to 15 USDT in March or even 9-10 USDT around April. See...
A cup and handle chart pattern is visible in the XMRUSDT 1-day chart. The coin is bullish, and I expect it to be trading at $30 per coin or more in the next 3-6 months. Long.
Best opportunity would be around 0.0125. If it goes below 0.0114, I would be selling.
Why long? The reason is that Monero is the first nearly fully anonymous cryptocurrency. By the end of the year Monero will be fully anonymous and it will finally have a GUI, so that people can use it with ease.
It was 2016's best performing cryptocurrency and is now traded on 3...
Despite a drop in price over the last several days, partly coinciding with a rapid climb in Bitcoin price, we can see a clear cup & handle pattern forming, along with XMR testing a support line (top pink line) which has been in place since November 2016 and a bullish triangle/pennant. This could all be an indicator that February through to March at least is going...
The next couple days I think something will move all of these.
We can follow the ltcusd fractal I posted, or the btcusd fractal that has us retrace up higher. Obviously we are approaching a movement based on the current compressed waves, decreasing vol, massive alt pumps making no sense and the top resistance we are near now for multiple big coins. Coupled with...
As highlighted in my indicator, we have bottomed succesfully at 0.0124 and we had a nice dip to 0.01205 and then a markup to 0.013 and beyond... I am in long term again and i dont see a retracement to 0.0105 or 0.0066 level, my next target is to 61.8 fib level (0.0166) level and then 0.0201 level which i see comming up in the next months for monero.
Some bullish signs for Monero this week:
XMR price is breaking the Lead 2 ( Senkou span B , red border of the Kumo, ), trading above the Kumo cloud
Lagging Span ( Chikou , green line) is above the price
In 2016-12-21 Lead 1 ( Senkou span A , green border of the Kumo) crosses Lead 2
To be more sure in the coming XMR up-move wait till Crossing Line (...
Hi All!
All of us darknetters love XMR. However, when one sees a pump and dump, he doesn't let whales have all the fun :D
XMR was pumped by 50% vs it's BTC value and by 100% vs it's $ value. Today we have surpassed it's ATH market cap.
Entry: 1500
1st Target: 1370
2nd Target: 1290
FA:
Kraken added XMR today , price didn't go up. Bearish sign.
...
Dash to the moon. Mid-long term plays, though depending on things first target should be "easy"
If you lose all your coins you have no one to blame but me. kek.
