ANACOT CALLS MONERO!!!From a graphic analysis emerges the breaking of a right-angled triangle, with a first target at 475 and a second target at 520. At the same breaking point of the triangle occurred a bullish cross between Tenkan Sen and Kijun Sen by Ichimoku Kinko Hyo. The future Kumo is bullish to confirm this thesis. Further confirmation is given by the bullish rupture of Chikou Span with the price and with Tenkan Sen and Kijun Sen. Trailing stop at 310.
Monerousd
MONERO/USD Seriously Affected by Christmas SelloffMonero/USD is trading still above 38% Fib retracement but was much lower during the Christmas holidays. Demand is still strong but we can officially announce a bear market beginning. We will monitor very carefully what's going on next couple of weeks.
Monero (XMR) +510% target $2100 - Feb-15-2018My first quick glance at Monero (XMR), shows a 510% increase after the bullish pennant comes to completion and the new rally begins.
Long term (60 day) target is $2100, or just over 500% from today's value.
XMR BACK TO THE 180$!? CHECK THIS PATTERNOke so we see the yellow line, follow the instructions that i gave! I am sure that we will see a correction soon like al already told you at me technical analyses before! XMR will go back to 180$ at it lowest, but first we will see smaller correctionss to a higer point than 180$
BTW > This is no FUD! This is a normall way of how the market is moving for the past 2 years now! We will see a big rise again after the correction, like the patterns!
Fib based constructed ASC triangle Fib based constructed ASC triangle
long @ 285
I'd short @ 75% @410 and the rest @415
The next long would be between 240 and 250
SL would be set @ ~450
As said in the chart I'm constantly playing around with geometric construction and the harnessing of different pivot points.
Be kind to a creative newb... and don't use this as an advice,
Awaiting entry for Monero's next spikeMonero looks set to hit $279 in the next week or two (max). This target is based on a Fib retracement drawn using the H1 (High 1) to L1 (Low 1) range.
The spikes preceding S4 (S1-S3) have all indicated a higher high soon to come, each retracing back to a support level established on the way up to each new high. I predict S4 to fall back and consolidate at approx $225 where my entry will sit.
Trendline T1 indicates the dips from each consolidation after the new highs set by S2 and S3. I'm placing a stop just outside this zone. This lies at approximately $192. This gives us a risk reward ratio of 1.61, which although it doesn't sound amazing, I'm more confident than this RRR implies.
Entry $225
Stop $192
Target $279
RRR = 1.61
XMRUSDT Buying Opportunity Chart says the trade
You can buy at Buying Area or wait for confirmation to buy
it's your call.
Good luck ;)
Monero Looking to BreakMonero looking like a very nice long position right now, puling out of consolidation phase and presenting some new signs of additional volume out of the channel. Watch these Fib levels closely, but looks to me like this would be a very nice time to go long.
Entry at the long position position, but be aware of possible bear traps as always.
Happy trading!
XMRUSD $210 After Correction? Elliot Wave AnalysisExplanation on the Fibonacci levels on the graph:
-Wave 2 retraced 38.2% of wave 1, meaning it is likely the fourth wave will retrace at least 38.2% of wave 3. I suspect it will be 50%, but if it does go to 61.8%, then lots of profit will be made.
-Wave 3 hit a perfect 1:1 Fibonacci extension of wave 1 to 2. This ideal extension is what gives me the price target of a 1.618 extension of wave 1 to 2 which provides a price target of $210.
Please do leave any feedback/questions in the comments below. I have been unable to reply to comments on my ideas because of recent moderator action so if I can't reply because of this feel free to PM me.
BTC tip jar: 1GE36bSw7uq8CbaPoYybtEArE58qHF1uRe
Monero (XMR) looking to break resistance If it breaks resistance which has been strong, we can go long. I personally believe it will break after bitcoin has relaxed a bit. First targets to take profits are around the box area. Also double bottom is not the prettiest but the neckline just lines up with resistance line. Trade once breakout is confirmed.
$XMR 5th WaveSimilar to LSK we have XMR heading into its final wave of its Elliott sequence. Target will be around $250
MONERO SUPPORT XMRUSD current $86.767 25Oct17A few of you have requested for an update on MONERO, so the chart shows the Fibonacci support that I have identified in my analysis.
Hope that helps.
Sean Vengan
10+ Years Professional Trader and Trading Educator
REALITIES IN TRADING:
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We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal, over a series of trades, to be NET POSITIVE.
Ignore newbies who are uneducated in trading & investing and say "You were so wrong" (we as traders know, a loss is insignificant over a number of trades).
Each trade posted is YOUR FREE CHOICE, YOUR RISK MANAGEMENT and YOUR RESPONSIBILITY.
Always factor in "WHAT IF I LOSE MONEY ????"
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