Let's look at the monthly transition on the privacy coin king, Monero.
Pay attention to the major swing on this very special coin. The transition and breakout for monero has been in motion. Stay tuned, hodl for a very long time!
Monero is close to break out an important resistance level after break out its long term downtrend. It would be a good entry point for a swingtrade from the blue to the red level.
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If today's candle closes above the down-trend line, that will confirm the new up-trend!
We have two important buy signals from Engineering Robo, Robo Cloud is still green and MA20 has just crossed up MA50.
Under this circumstances, my targets are;
Stop-Loss : $77.5
Stage 1 breakout being tested right now with everything shooting green on monero.
Roughly 410 days since back to the stage 3 high of major structural Resistance.
Once we break here we will look to then hold to break the highs of stage 2 and stage 3 for a serious bullrun.
Keep an eye on the order book and watch the tape to see how much is being bought up on a...
Reguested by: tim_1180
I have not done any research into Monero, so I lack necessary background knowledge need to calculate a fundamental outlook of this crypto asset. I do remember the astronomical bull-run it had back in the last cycle, and it is one of the popular privacy coins. This reminds me of a hard learned lesson during this pandemic, and that is to...
Monero also is another good setup coin I identified today (beside being on my top 5 list). Accumulating some more here as it is trying to break an ascending triangle (ith base coinciding with POC area) to the upside. The real confirmation is at the break but I want to anticipate not to miss a potential train for waiting it 10% lower
Everything on monero continues to shoot green from the Crossover strategy and the ema dots.
We still sit below a very key level of resistance in an expanding downward channel with lower lows and lower highs being formed. Until an actual breakout you still have no bulls confirmed!
I am a big fan on monero and I personally would love to see it reject off resistance...
Trangle has formed on the 4h chart.
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pressure on the upper boundary;
Punching up and securing the purchase.
stop loss for local minimum;
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
I love monero ❤🥇❤🥇❤
True Cryptocurrency that plays a critical role in what it stands for.
💰 Let's check up on the price action of this one.
Wave 1: The selloff, the distribution of coins.
Wave 2: The accumulation of support.
Wave 3: The Resistance for controlled accumulation.
We are squeezing sideways as the pennant pattern is forming.
*As this pattern...
Solid Bottom? 4th attempt in 6 months? Yikes!
Preparing for the worst but possible turn around.
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