based on fractals and charts simiar as pot
Hello, the chart is pretty self explanatory.. Maybe we will see some monero Fomo Soon.
XMR will have more sideways or it will go with new leg below 0.01. 100ema test at hourly failed. We had 3 sequences (green), now I can see possibility of 4th sequence; bounce to around 0.011 and boring sideways. Of course if we break 0.01 with good volume, we will see new leg down (red way).
I don't think the market has discovered the consumer demand for XMR and it's currently on the fence about whether this was a pump and dump or a change in the liquidity level of XMR. So in the short term I'm short and looking for a breakout upwards after another week of pain, despair, uncertainty and muttering about the GUI wallet.
Hello, this is a place to track roger vers prediction for Monero that he made in august forum.bitcoin.com
Monero seems to have bottomed out, and could go as far as 0.014 But this is my set up. Be safe!
Looking at bearish divergence in rsi, at 38.2% retrace of the dump and ready to make a head and shoulders formation so I'm looking to get short Bounce at .011 and off the 1/8 gann angle after that, but who knows
New channel, descending triangle or 1d's falling wedge lower line?
Bounce off top range now that its broken the top range. Should break below bottom range down to previous support.
Trade is simple Entry 0.0137 Target 0.013 - 0.0127 Stop loss top 0.01399 Be safe guys.
Breakout above 0.0129 for confirmation with target around 0.014s before selling resumes RSI oversold Regular bullish divergence Expecting short term bounce
This is a highly risky trade because; sell volumes are still high and it can do a huge spike to 0.01256 So bottom could still be far from here Trade at your own risk. TA is clearly on chart. Any questions be sure to let me know.