Monero has been in a 9-month+ up-trend against Bitcoin.
People are starting to realize L2 solutions are fundamentally flawed, and using Bitcoin is like shitting in a glass bathroom.
If we can close above the 200W SMA, expect to see some serious shit.
"If Bitcoin is a hedge against the dollar, Monero is a hedge against Bitcoin."
Monero is an old-school bastion of anonymity in the crypto world that has survived and is in demand. Because its "friends in the shop" from the first generation of altcoins DASH and ZEC are hopelessly depreciating, although they were once much more popular and expensive than XMR
Sooner or later, the cryptocurrency market will be regulated, and for holders of the...
PIVX is on the move and being accumulated it looks like to me. PIVX had a multi year correction consolidation which is understandable considering it went up 667,000%. That's right Six Hundred and Sixty Seven Thousand Percent. So anyways PIVX found some solid support around the $.10 cent mark and is now starting its next bull run. There is an inverse head and...
This is a response post to a theory proposed by a Nom_de_Guerre
Please refer to post here :
I will be also doing the same if BTC loses 11k support. Which at this point in time, I do not think will happen. I still am Long BTC as I believe the testing phase has not yet completed, and 100k or higher targets are still in play until my TA is invalidated.
This is a...
In 4H TF, XMR broke the trendline with a big drop of ~ 10% on . Now it is consolidating right below this trendline.
It's expected that the drop will resume because in higer TF (2D), the volume indicator MFI has just broken its trendline. This means that selling pressure continue to increase.
For this HTF view, please see the below screen-shot:
If we duplicate the rest of the current corrective cycle through the bars pattern with similar geometry, it breaks out of the 5 year resistance! Not saying it will happen but it is intriguing. Similar ideas have worked. Additionally, it looks like we could still face 20% downside against BTC before the potential resistance break.
What do you think? Will the XMR 5...
Hi guys! Please, support this idea by clicking the LIKE button. Thank you!
LINK (Chainlink) looks horrendous. The price is breaking down the support of a Massive Descending Triangle, ultimate Target of which is $4-5
Keep in mind that LINK had a decent multi-year uptrend. Now it's time for a clear bear cycle
The overall picture looks almost identical to what...
Saturday 19th November 2022
Welcome back XMR Bulls. XMR is on a bit of a tear at the moment, having broken above the red dotted trend line forming a nice hammer candle, Green 2 on the TD count.
XMR peaked at 0.008055 so far this week. If it does stay above and closes the week out above the trend line, we could see a few more weeks of positive action out of XMR,...
Past Performance of Monero
Monero plunged 32 percent from H2 2022 highs. However, losses were temporary as prices bounced to spot rates, looking at the performance in the daily chart. Technically, buyers have a chance from a top-down analysis. Notably, XMR has support at around $115, coinciding with the 78.6 percent Fibonacci retracement level of the H2 2022...