Monero has broken out of the triangle after a consolidation period. The coin has pushed through the trend line support and closed below it. In a perfect manner, it returned back to support, now resistance, touched it and rotated back lower. In these scenarios, the price action usually goes and at least tests the previous swing low, but also prepares a ground for...
The 4 hour timeframe chart of Monero (XMRBTC) is shown in this analysis with commentary provided below based on the numbers marked on the chart. (1) Price action in Monero from April 20, 2018 to April 26, 2018 formed the right shoulder (rs) of a head and shoulder top pattern in Monero, which progressed into the bearish channel. The bear channel has contained...
Technical analysis: . MONERO/BITCOIN is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of...
Technical analysis: . MONERO/BITCOIN is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 37. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of...
XMR appears to be in a downward channel, but we could find a bit of support here at the .786, please remember to set your stop loss and good luck!
It is extremely difficult to find bullish signs in the #Monero chart on different timeframes. The coin is trading below 61.8% Fibonacci retracement, trend line support, horizontal support and both 100MA and 200 MA. It is currently bouncing off of the 78.6% retracement support and it is retesting the triangle support, now resistance, from the downside. If the price...
not sure where this will reverse yet im wanna take a quick long at least to the last swing high and then go from there
According to chart markings. XMR Stochastic, uptrend expected.
XMR has finished the second ABC correction and is now busy on the X wave or wave 1. There are 2 situations: Wave X: XMR will gain 100%~ and will drop down further until a lower low is hit; that will be $80~ Wave 1: XMR will gain 100%~ and will drop 78.5% percent from wave 1 ($143~). After that wave 3 will begin (Biggggg bull run) Either way XMR will gain...
Hello Lads and Ladies, As promised, there is at least one TA per day here and today we are looking into XMRBTC - one hell of a clear picture. To beginn with, we take a look at the previous structure, that was a very strong uptrend that XMRBTC was following after it hit a very strong support at 0.011 this uptrend continued all the way up to 0.034 which was...
Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 13th of July 2018. Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 10.56% PROFIT!!! The increase in price may also be explained by positive developments including: June 1: ...
85-150 usd channel to work with next few months. I personally will be catching panic sellers. Overall, good coin, low chances of going to zero.