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...
MONERO and LITECOIN show consolidation with solid bottoms and increasing momentum. Good time for entering a position at a pull back. Stop loss, targets (yellow lines) and max targets as shown. Good luck.
Monero is walking the golden line once more. If Monero can stay above it we might see another push towards the top of the light blue channel (around 0.036). If it falls below I believe we could retest the bottom of the light blue channel (around 0.0137). Only time will tell.
Hello Lads and Ladies,
Monero is since the beginning of the year in a channel between 0.024 and 0.030750. Looking back we see that as soon as XMR breaks the 0.024 support it bounces back up to 0.031 after a short move sideways pretty soon. As we are looking at the chart right now, XMR has just hit the crucial support line and either makes now the sideway move, or...
After a decent little pump, xmr corrected and is now going sideways. Volume seems weak. Gonna wait until price confirmation whether or not it decides to start going up. The bottom of xmr is somewhere down here. Whoever gets the best entry gets to win. Good luck.
so the xmr long was good. i also shorted the top but sold that quickly. thinking this will go half on the up candle. going long again but setting levels to buy again. monero will break out of the channel upwards most likely if btc plays ball. hope everyone took some profits. good luck.
we got a small dump with the bitmex problems affecting surrounding btc markets. net long from the bottom of this channel. lets see what she do. use stops if you are leveraging and keep the positions small enough to manage. gl.
Technical analysis:
. MONERO/BITCOIN is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.0235 to 0.0224). if so, traders can set orders based on...
Technical analysis:
. MONERO/BITCOIN is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.0235 to 0.0224). if so, traders can set orders based on...
Basic idea for the formula: when the chart is bullish, best to hold XMR. When it's bearish, best to hold ZEC.
Prediction: ZEC price doubles XMR in the next couple months.
