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Monero StrugglesOnce again, Monero’s chart reminds us of Litecoin- the main conclusion here is the same: bulls have not yet managed to form an ascending channel. At the same time, we see periodic bursts of purchases, not accompanied by strong subsequent fallbacks, which may indicate that big players are entering long positions. A slight correction to the level of $190 completely fits into the logic of continued growth, but it’s best not to let sellers go lower- in that case, the lateral trading figure will be broken. On the other hand, for a strong price increase, there are two obstacles- the boundary of a long-term descending channel and a zone of strong resistance at $208-$220. At the moment, Monero is at a crossroads, and we recommend that readers avoid hasty investment decisions. Check the full crypto analysis HERE
BITFINEX:XMRUSD
by UToday
MONERO: King of the dark web is still aliveHi traders, Monero, the Lord of the dark web, is yet still alive. Contrary to lots of the main alt coins, Monero did not break its line of life, and seems to have recently deployed a sort of parachute, making it locally bottom around the 160$. It is still in a downtrend, but it is dropping at a slower rate than most of the coins, and its RSI is still not low. We can see that the expected fork allowed it to raise importantly, which created this huge bull trap between the 5th of February and the 5th of March. This might gonna surprise you, but this is one of the rarest current coins i do believe MIGHT have a future, this is of course not a guarantee as i am extremely pessimistic regarding the future of the current existing coins. Why am i optimistic about Monero? Because i expect this coin to remain interesting on the dark web thanks to its important privacy (that still remains to be proven as it might actually be traceable), and i am expecting to see in the future a large number of Online Casinos to be working with Monero, i am also expecting money laundering from every type of illegal business to keep on existing via Monero transactions. The actual possible traceability that users might not be aware of, could be a reason for governments to leave this coin "in peace", following illegal money movements is extremely interesting to discover who is doing what and from where this who is doing what with who and for who. Which means it will probably develop an important interest for governments, as it will probably be easier to follow than illegal cash transations, and it will give a lot of informations. Clearly, Monero is the internet value of the 500 euros billet. Last year at this exact date, Monero was trading for 21 dollars, so it still could have some more room to drop a lot of course, but perhaps less dramatically than some other main coins. Important point will be to see if Monero breaks down from its line of life, but so far i do not expect it to loose its value extremely, unless the majority of governments completely ban the current cryptocurrencies trades and transactions, which is of course a possibility.
BITFINEX:XMRUSD
by Giovi6969
17
Monero in Elliott WavesI draw a theoretical movement in Elliott Waves for Monero. This is not a serious analysis - only some thinking. As I´m not very firm with EW - and I´ve read that the EW-analysis is very personel and full of possible faults - I ask you what you think of it. Is it possible what I drew? Scenario A) We´ve reached the bottom and Monero will rise in a 12345 impulsive wave. Scenario B) We´ve not finished a supercycle corrective ABC wave. And the bottom is much deeper. Thanks a lot for your comments!!!!
BITFINEX:XMRUSD
by Luettis
XMR/USD - 4/10/2018Good Morning, Traders!  Monero has been trading in the bearish direction since the beginning of March and has recently began consolidating along the shorter 78.6% fib retracement line. Following the Gann fan, the price is predicted to reverse off the 2/1 line or break and continue going south. There is a support line matched with the 2/1 gann fan line that provide for a strong support to reverse the trend. But the Ichimoku lines indicates the opposite to occur and that the trend will continue. Looking at the Exponential Moving Averages, it can be seen that the EMA 20 has been moving close to the EMA 200 and just recently at the beginning of April fell below the EMA 200 signaling to sell and a potential bearish movement if it continues. Important Resistance Levels: 249.03 Important Support levels: 120.47, 151.88 DISCLAIMER   WITH THIS CONTENT CRYPTOCURRENCY CAPITAL LLC OR ITS AFFILIATES DO NOT PROVIDE INVESTMENT, TAX, LEGAL OR ACCOUNTING ADVICE. THIS MATERIAL HAS BEEN PREPARED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT INTENDED TO PROVIDE, AND SHOULD NOT BE RELIED ON FOR, TAX, LEGAL, ACCOUNTING OR INVESTMENT ADVICE. YOU SHOULD CONSULT YOUR OWN INVESTMENT, TAX, LEGAL AND ACCOUNTING ADVISORS BEFORE ENGAGING IN ANY TRANSACTION AT YOUR OWN RISK.   CONFLICTS OF INTEREST   GIVEN THE NATURE OF THE FUND’S BUSINESS MODEL, IT IS NOT POSSIBLE TO FORESEE AND PREVENT ALL POSSIBLE CONFLICTS OF INTEREST THAT MIGHT ARISE OVER THE LIFESPAN OF THE COMPANY. AT THE TIME MATERIAL WAS PUBLISHED, CRYPTOCURRENCY CAPITAL LLC, ITS AFFILIATES, OR ITS PRINCIPALS, MAY HOLD LONG/SHORT POSITIONS IN THIS PARTICULAR COIN.   Written by:   Hammad Fazlani  Research Analyst
BITFINEX:XMRUSD
by EQBM
Monero Deserves Some Rest.The Monero chart resembles NEO again, but so far we can’t see either the exit from the figure or the volumes. It’s an alarming sign that buyers did not show activity even after the break through the parallel descending channel. Although, in the past two weeks XMR has often performed better than the market and now deserves a bit of rest. The sellers were not able to lower the price below $160 and now it has become a support with triple confirmation. Given a stable Bitcoin, the price of Monero should not fall so low, but this level should be kept in mind. While the asset is trading above that - there’s nothing to worry about. In case of continued ascending movement, the next bull target is $190, where a double top will be formed. In addition, the level coincides with the 0.382 Fibonacci extension, and therefore will be difficult to overcome. Check full crypto analysis HERE .
BITFINEX:XMRUSD
by UToday
MONERO: Bullish Divergence & Swing Position Entry? Monero has been moving sideways in a 30% equilibrium pattern since December 2018. This price movement is abnormal compared with other ALT Coin price actions since the beginning of the 2018 Bear Market. We are beginning to see Bullish Divergence on the RSI. The RSI is currently in the 40 range and beginning to move upwards. There could be a Bullish trade on the table. Of course, all Alts move in accordance with BTC. BTC health status should ALWAYS be your primary indicator before entering positions.
XLong
by BitInfo12
Short Break for Investors as Monero Price FreezesMonero looks somewhat better than LTC and NEO, but only due to the fact that the price is not contained by the nearest descending parallel channel. The buyers deserve no credit for this, however - XMR just fell out of it, without volumes or enthusiasm. The level of $160 seems to be a good aid for investors: the price has rebounded from it 3 times already, although the next storm in the Bitcoin Sea will have no trouble punching a few holes in this support. Now, as before, the bottom is at $150 - it’s enough to look at the chart and observe the powerful mirror level to confirm the truth of this. In case of descending to these depths, we expect a worthy response from the buyers, and encourage our readers to consider purchasing this asset. Check daily analysis HERE .
BITFINEX:XMRUSD
by UToday
XMRUSD (Monero) 4hr tf analysisThe downtrend in price of Monero (XMRUSD) from ~$373.69 on March 5,2018 to ~$186.32 on March 18, 2018 is identified in this analysis as a minor wave A position. Monero is therefore currently in a minor wave B position that has not terminated yet. The target area ($242.89 and $254.38) marked on the chart indicates the potential region of termination of Minor wave B. Minor wave C is expected to move downwards from the target area to complete a 3 wave (zigzag) Elliott wave structure. The implies lower prices for Monero (XMRUSD). The least projection for the termination point of minor wave C is ~ $163.97, with $52.87 also a possibility for minor wave C to terminate Point of invalidation (POI) of this analysis (not shown in this chart) is Monero closing below ~$149.93 instead of going back to the target area indicated on the chart.
BITFINEX:XMRUSD
by Coin_Analyst
XMRUSD , Monero is in a hurry to get up..!!Technical analysis: .MONERO/DOLLAR is in an up trend and resumption of up trend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. .The RSI is at 58. Trading suggestion: There is possibility of temporary retracement to suggested support zone (258 to 224) , if so, traders can set orders based on Price Action and expect to reach short-term targets. .Beginning of entry zone (258) .Ending of entry zone (224) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!) Take Profits: TP1= @ 300 TP2= @ 330 TP3= @ 409 TP4= @ 469 TP5= Free
KRAKEN:XMRUSDLong
by ForecastCity