Technically $XMR has formed 'falling wedge' on both against USD and BTC . Fundamentally Coincheck is liquidating all the positions on people who still holds XMR. Both are happening at the same time, this can't be a coincidence based on my personal trading experience. Trade with care, remember to apply R&R rule on any circumstances to stay consistent overtime....
- Monero (XMR/USD) still sitting far below its 200-day SMA - daily RSI at all-time low (oversold!) - broke major support line at $150 (when BTC -0.20% broke $7000) - currently finding support around $120 (high volume node) - highest volume price nodes on Bitfinex: $50, $100, $120, $165 - likely trading range for the next few weeks: $100 - $150 (depends on BTC...
Monero (XMRUSD) made a recovery on Thursday after dropping for the past week. Price is now in the middle between support and resistance areas. If price rallies up to the $150 resistance, we can expect a reaction and a possible drop. If price continues its decline, we can expect a reaction from the $100 support area. Good Luck, CryptoTrendline
pretty sure we will dump more and have a recovery, after that... hell
Daily Looking at our highest timeframe we see XMR is an aggressive downtrend, breaking our support and showing no signs of slowing down. Stochastic RSI showing momentum not slowing as well. Major support shown at 1725000 expecting a bounce off this level, will be looking at the daily timeframe for a confirmation of support. In the meantime we sit on our hands...
Hi Traders .. Keep it simple . cryptomarket will be bullish soon . Watch my Other ideas on CryptoCoins
-XMR support clearly held well and we had a bounce -RSI downtrend is broken -First resistance zone at 215-220$ (also triangle resistance) very likely to be reached (+26%) -We will re valuate when close to resistance if there is a chance of break up o it will go back to support ( needed volume) -Stop loss 142$ -Risk Reward Ratio 1.74
Technical analysis: . MONERO/BITCOIN is in a downtrend and Beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. Trading suggestion: . The price is in a downtrend, but we forecast the uptrend...
Technical analysis: . MONERO/BITCOIN is in a downtrend and Beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 43. . The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased. Trading suggestion: . The price is in a downtrend, but we forecast the uptrend...
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During this week, Monero hit the bollinger band's bottom part, therefore it is going to make a regulation when it becomes 25000 Satoshi. However, it is going to in the moment it hits the upper part of the bollinger it is going to provide another opportunity for buyers and later is going to rise again.
After binance spike, BCNXMR is the pair which was the strongest in correction phase. If January resistance breaks, the binance high is just a matter of time. MACD is nearly crossing in daily, watch out! On the fundamental hand, Bytecoin was often blamed being a scamed from Monero community. You can only speculate, but the rise of XMRBTC in 2017 is also mainly...
Monero testing 7 day (short-term) RSI undervalued. This line (20) hasn't been broken since November 2017 and current chart patterns look quite similar to the long decline that occured before November 2017 as well. Briefly tested in April but very quickly bounced back, it has tested this line 3 times in recent days and may break through but will very likely bounce...
Okay originally I was more optimistic about a Monero breakout, given how great the fundamentals are, given the big push of privacy coins this year and the more coverage Monero has been getting. Also, Monero is beyond "privacy" - it's a freaking anonymity coin that routes through TOR! Beat that with your Z-snarks. Anyway..back on topic. Monero has been having...
Hello again ! I drawed a major lines, which I will watching at 4h timeframe. Will hope, Monero is capable to jump from green support at 0.023805. If not, next chances are 0 FIBO retracement and green dashed line. For now, we´ve got a sell volume and MACD not prepare for uptrend signal yet. Also EMA´s created a death cross. I am waiting for reversal to golden...
Monero has has been a good overall coin in the privacy sector for months and has a strong longer term outlook. For entry here I wait for a confirm change in trend and looking for this current channel to break. We have the indicators of a new trend today as we have a nice green candle forming with some divergence on the BB% indicator and the AC oscillator is...