The currency pair fluctuated below the local ascending trend line and above the support area at $214. However, several hours ago we have seen a Shooting Star candlestick pattern, indicating the beginning of a decline. Monero went below the support area at $214 and moved towards the next support at $204, where it is fluctuating at the time of writing. The Ichimoku...
MONERO / DOLLAR New trading suggestion: *The price is in an up trend and we forecast the uptrend would continue. *There is possibility of temporary retracement to suggested support line (200), if so , traders can set orders based on Price Action and expect to reach short-term targets. Entry signal: Signal to enter the market occurs when the price comes...
MONERO / DOLLAR New trading suggestion: *The price is in an up trend and we forecast the uptrend would continue. *There is possibility of temporary retracement to suggested support line (200), if so , traders can set orders based on Price Action and expect to reach short-term targets. Entry signal: Signal to enter the market occurs when the price comes...
Technical analysis: MONERO/DOLLAR is in a down trend and Beginning of up trend is expected. The price is below the 21-Day WEMA which acts as a dynamic resistance. The RSI is at 37. Trading suggestion: *The price is in a down trend, but we forecast the uptrend would begin. *There is possibility of temporary retracement to suggested support zone (196...
The price of Monero ($) has fallen as all the main coins / tokens did. The last low was at 190$ - within a zone between the fib retracement 23.6% and a swing trend line. This negative movement built a descending trend channel - and this channel has been broken to the top yesterday. So now we´re in a new movement upwards. The new trend has been confirmed by the RSI...
Monero had lower liquidity during the Asian session demonstrating several price gaps. The currency pair moved above the local ascending trend line during the American session, but then fell below it and even managed to cross the support area at 214. However, bears were unable to change the situation significantly as XMR price jumped off the midterm descending...
Monero is trading below the ascending trend line, but above the descending mid term trend line, meaning the bulls have almost gained the momentum and have the opportunity to change the situation. XMR/USD is above the Ichimoku cloud and crossed two levels within several hours, indicating serious intent. The main two scenarios for the next 8-10 hours are the...
Monero followed the other allies on the weekend as the price went along the local ascending trend line. XMR/USD entered the Ichimoku cloud and reached its upper border. However, the Ichimoku cloud prevented Monero from fluctuating higher and the price declined towards the lower border of the formation first and then left it crossing the lower border. Altcoins are...
Monero fell below the descending trend line confirming the downtrend. Monero price crossed the Ichimoku cloud during the American session and a couple of support line within the Asian session. XMR/USD is below the support line at 214.54 area. We think that Monero is going to test this level in the next couple of hours. The currency pair looks to start a correction...
Monero is still in limbo as bulls and bears are fighting for the descending trend line. XMR/USD went above the trend line during the American session and we have noted this in our latest brief review. However, bulls were unable to hold their positions as bears pushed the currency pair lower. Monero price has recently tested the lower boundary of the Ichimoku...
Monero still follows its morning scenario as the currency pair reached a very important support within 220 area. The support was established in April 2018 after the price skyrocketed from 200 to almost 230. XMR/USD was inside the Ichimoku cloud today, but left the formation and accelerated its decline. The price broke out the previous support (228 area) and went...
Monero is still under the pressure as it fluctuates below the downside trend line. Midterm bears drive the currency pair even further downwards and their next target seems to be close to 175.00 area support line. Monero shows no sign of a tendency reverse. Monero price has recently jumped off the downside trend line and is slightly going down. Bulls are able to...
Hello everybody and welcome to my XMR analysis. If you are like me then you must be a big fan of Monero too, however, over the last 14 days XMR has been testing our patience after a failed attempt to break the USD 300 level. Today I'll share with you my thoughts and ideas that I have been working on and following for the last few weeks. If you like my analysis...
XMR/USD price has been steadily increasing for the last 2 years within an upward parallel channel (on logarithmic scale). It seems to have broken downward from the parallel channel recently, which is a clear warning sign that it has lost its momentum.
We don’t have any good news for Monero investors today. The asset is experiencing difficulties with rising above the $260 level, which has turned into a resistance. Young bull calves (we can’t quite call them mature bulls) were able to push the price out of the descending channel for a short time, but could not hold the position. But even if success favored the...
MONERO has had a wonderful rally from about 160$ to actually 275$ (+70%). I think we´re now in the proximity of the next turning point. A) the ascending trend channel is very steep - and such movements don´t last for long B) EW shows we´re already in wave 5 (motive) - and wave 5 could be a shorter one C) we´re not far away from the long desending trend line (red)...
There is still no cause for joy in the Monero camp. It’s true that the support of $230-$235 has held, but trade volumes are not indicating any enthusiasm from buyers, and the asset itself continues to move in the lower register of the descending channel. In the course of the day, we expect a repeat test of $235. If it does not hold (especially in case of negative...
During the last few days, things are not going well for Monero, and we note a decrease in investor interest. Having reached the mark of $300 in the middle of last week, the asset didn’t just enter a correction but also formed a descending channel. At the time of writing, Monero is trading at $245, the 0.382 value of the Fibonacci retracement. Next comes the...