This is a huge testing point for Monero. Drew this up a couple days ago and if monero can break through that wedge area, the next resistance test point would be $155. However my gut, which I hope is wrong, is telling me monero is going to drop a test the support line at $115. If it can hold over $115, monero should be go at least $155 before October. If monero...
Regular and logeritic chart (below)... Maybe also interesting: research.bloomberg.com Let's see what happens. Happy trading. :-)
I like to see how my ideas of novice trader were not so bad. Fault of inexperience I overestimated the partial rise and monero is today were the arrows said. Monero like many other coin is approaching the supply zone . This zone was a demande zone from november till june and finally was broken. In July monero did a nice big flag and was pushed away from this...
The biggest question of all? Are we heading higher here or has the correction finally completed?? It is about to retrace here, if in impulse I expect a drop to around 111 before heading upwards for its 5th wave. either way the next few days will likely be sideways. but 111 is a good target to reach for for a short RSI indicates overbought, either way its coming...
Monero almost finished the falling wedge pattern (bullish pattern). Watching the trend line for a breakout.
Technical analysis: . MONERO/DOLLAR is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 39. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of...
Technical analysis: . MONERO/DOLLAR is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 39. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of...
Monero is about to break the Rectangle's 109.147 Resistance, having already crossed the resisting line (straight blue) of the 1D Falling Wedge (now on bullish Highs/Lows = 6.3066, B/BP = 16.4176). Crossing the Rectangle is translated into an attempt to price a Lower High on the 1W level, which remains a strong bearish Falling Wedge (MACD = -27.038, Highs/Lows =...
XMRUSD is consolidating on 4H within a 75.550 - 109.192 Rectangle (Ultimate Oscillator = 49.694). So far the Resisting Lower High trend line (illustrated in blue) contains any upside attempts. We need to wait for a clear break out on this line to go long (TP = 115.494 and 120.927 (0.618 Fibonacci)), or a break of the Rectangle's support to go short (TP = 64.104)....
WELCOME TO DACAPITAL TRADING!! XMRUSD just started moving as expected, quick Timeframe breakdown for free and everybody. 1 HOUR Strong bullish reaction after taking out 76.000 4 HOUR Bullish wave started and forming new H4 Highs expecting more pressure LEVELS BUY XMRUSD @ 98.090 SL @ 91.580 (6.7%) Trendtrading without TP Level!!! We´ll move our SL Level...
Both TP = 115.494 and 102.00 in extension have been hit for Monero, as the 1D Rectangle broke on the downside (RSI = 33.951, MACD = -9.930, Highs/Lows = -10.6465, B/BP = -23.8378). As explained the price was always geared to follow the long term dictating bearish trend of the 1W Falling Wedge and the most optimal strategy always is to short every Lower High...
This is just a range trading no worries and soon we will get to the moon using our Range Rover SVR Sport !! Happy trading!!
Monero has met again the 151.54 Resistance on the 1D Rectangle (RSI = 47.266, STOCH = 47.810, ADX = 27.041) and is once more rejected with Highs/Lows = -2.0725 and B/BP = -3.6664 indicating an imminent 101.044 support test. We are short on XMRUSD with TP = 115.494 and 102.00 in extension.
still riding Monero, I have a lot of old bags, buying in this range to stack
Technical analysis: . MONERO/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 46. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is still a possibility...