The Monero is going down last few hours and broke the key support level at 249. Now, this support acts as a resistance level. The price is backtesting the structure and price fall is expected. The more sellers are going to step in, which push the price down.
... a correction is currently possible. there is no question that monero will go its way. it has special feature as a currency. what is the current situation? monero has performed very well in the last days and weeks. the next big resistance line (around 300 USD) is in sight. here is the question of profit taking or waiting for the break of the resistance line. i...
After reaching the goal of $300, Monero has already corrected to $265, which coincides with the 0.236 value of the Fibonacci grid, but we believe that this is far from being the limit. With a high degree of probability, this first stage of decline will be followed by a return to the lower register of the ascending channel and correction to at least $245. At this...
2 Ways for Monero the black one... bullish soon the red one bullish later. If you look the price pattern we see some similarities with may /september. If you look the RSI it looks like september/november. It is easy. if it hold the black dotted line ---bullish immediately if it break the dotted line we have to wait some months. Enjoy the rides BIO
The positive mood reigning on the market helped Monero reach the next growth target which we indicated earlier, $280, without too much effort. Meanwhile, the graph shows the formation of an expanded ascending channel, the width of which allows the asset to be safely corrected to $250. After that, the next perspective target will be the range of $290-$300, where...
XMR Privacy coin. The rich will flock to avoid taxes
Yesterday's forecast for Monero was exactly on point, and the bulls’ target of $220 was executed with high accuracy. However, even we underestimated the amount of capital that flowed into the asset after leaving the long-term descending channel. Thanks to the strong support of investors, on Wednesday the price went up to $230, where it remains now. On the way,...
Large increase in volume of privacy coin XMR/Monero on the same day as the tax deadline in the U.S. and also the same day that the hyped privacy coin XVG/Verge announced their partnership with Pornhub. The price quickly decreased. Short temporarily and Long soon after. Who pays for porn in 2018?
What the Litecoin investors still have to do, Monero fans are doing right now: the first thing that catches the eye on the chart is the lateral trade in the range of $190 - $205. Because of it, the price has formed a beautiful bullish flag, which is practically resting against the boundary of a long-term descending channel. Of all the possible scenarios of...
Crypto Currency Monero announced a "Hard Fork" on April 6th with the founders highlighting the impact of ASIC rigs on mining. Such a move has spurred speculation of a short term price rise. Can Monero decouple from Bitcoin? Trading Forex / CFDs is High Risk
Once 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 $190...
Hi traders, Monero, the Lord of the dark web, is yet still alive. Contrary to lots of the main alt coins, Monero did not break its line of life, and seems to have recently deployed a sort of parachute, making it locally bottom around the 160$. 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...
XMR climbing showing strength. The bottom has been already touched and from here is just the sky for the price. The MACD crossed the Signal for buy zone, EW is giving us the first wave of the impulsive trend and also confirming ABC correction has been done. I am long in Monero. Disclaimer: This is not a financial advice.
I 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...
Good 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...
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...