XMR has finally started its bullish correction on the 12h chart, we just need to be patient and sit it out. Things are looking good for this coin. We just need to wait for crypto to continue to bleed out a little while longer.
Technical analysis: . MONERO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is...
Technical analysis: . MONERO/BITCOIN is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 62. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of the resumption of an uptrend is increased. Trading suggestion: . There is...
As correctly analyzed, Monero broke above the trend line resistance and corrected higher. We wrote on Aug 27 that "...the 100 DMA is approaching the horizontal resistance and IF Monero gets eventually there, we may have a confluence of two huge resistance players - horizontal line and 100 DMA, around 0.01770". As a result, the coin did exactly the same, moreover,...
Strategy: * RSI * Ichimoku * Fibonacci * Bollinger bands
Daily, #BTCXMR. Monero attempting to hold the 10 day here with the 20 day about to cross over the 50 day.
XMRBTC has Elliott Waves (12345-ABC) with Fibonaccci lvls and target zones of take profit. Have a nice trade !
Monero is ripe for a 4th wave correction to $110 levels. I am buying during this wave because the 0.618 fib level is a maximum drop.
Look at the 1D XMR/BTC we can see that the current uptrending asset has met a strong resistance (white dotted line) which is preventing it from breaking cleanly through the resisting Kumo, on the Ichimoku indicator. CMF is showing increased buying pressure but now the asset has spilled into the overbought region on the RSI. Bulls will need to drive beyond this...
Forming a nice bull pennant. Flipped previous resistance into support. Buy.
an interesting link may be. maybe you already know the study. in any case we find some interesting aspects there. research.bloomberg.com Let's see what happens. Happy trading. :-)
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Monero looks like a good buy at the moment. Almost completed the market cycle and building a falling wedge. Stoch is oversold. Might take a while to get started in this depressing market, but a good spot to accumulate.
Monero almost finished the falling wedge pattern (bullish pattern). Watching the trend line for a breakout.
Monero (XMR-USD) : has been a long journey down the channel, since that peak on March, nothing has been green here..The anonymous coin that launched a new way to pay the black markets, has turned RED! Troubles over and ready to jump up to bullish territory? let's talk about it.. Why are we so interested on XMR? it has a reputation, many transaction are actually...