Inside a bear kumo, XMR are trying to breakup a strong resistance that drags from the past.
In the attempt, when entering an overbought zone, the oscillators will be broken and the price will realize a retracement towards the level 0.382 or even deeper towards the 0.236 fib level and making finally a pullback to continue with a uptrend.
Apologies for the number...
XMR is trying to break its resistance and it has resitace at 0.0107 and then if it breaksout to 0.01105 then a breakout may happen to try and break other resistance levels.
Monero's bullish tendency will consolidate towards the middle of December. Around the same time, I expect bitcoin to have its last move down due to the decision the FED will be taking on december 16th about the interest rates in the US. Considering this, we can expect around Nov 30th - Dec 1st a move down in Monero towards the 0.0092-0.0094 area to continue...
Monero has made a bottom imho.
My strategy here are the RED Flags with the ultimate target around 0.019
The blue flags are the sideways action that can happen
The yellow is my stop,just below the cloud.
Hola Alex
We had previously expected XMR to make a significant move upwards due to:
(1.) BTC pulling back;
(2.) XMR wallet on Jaxx, release scheduled for 21st Nov www.reddit.com
However,
(1.) Due, probably in large part, to real world economic factors such as Yuan devaluation, Indian demonetisation and a run to an alternative 'safe haven' while gold and silver turn...
Hey guys,
First time posting on TV, so bear with me =)
Figured I'd share this good, slightly obvious short-spot on xmr/btc. Technically it's interesting as there is quite some resistance in the 115 area, whilst hardly any support in the 100-110. A double top here would likely mean re-testing 65-75 range, possibly even the local low (depending on btc's...
It looks like Jaxx has not been able to implement their mobile wallet for Monero and they are having some difficulty getting on the same page with the Monero devs. This seem like a great opportunity to short with the 4 hour ready for a bearish trend confirmation with the Chinkou Span about to drop through the cloud.
BTC has returned with support above $700 which will have pressure on XMR price. This could slow down the time it takes to re-attempt or exceed previous all time highs. If pressure is maintained on XMR we could expect a slow and steady climb until Jan 17th's hard fork.
However...
Jaxx are currently targeting 21st Nov as the date that XMR is added to their...
Last 2 bull flags worked PRETTY well, delivering nice profits.
Here is a forth bull flag in 4h chart in a row targeting the 0.0135 area this time. Previous targets were 0.009 and 0.011.
**Bull flags are a pattern i use to scalp my core long, i only consider them viable as we are already in an up-trend. Bull flags are a continuation pattern, if the...
After a long bearish trend Monero appears to have found a bottom level around ~0.00577 which conforms to the trend line prior to the huge price spike in September, and has been starting to climb its way back up and arguably held ground particularly well during the BTC volatility during the conclusion of the USA presidential elections.
I will update as new info...
Even if it seemed to take a deep breath and push around 0.01135, I think XMR will keep going down, pretty close to the blue line.
If it breaks up over the blue line, and passes over 0.0125 - 0.0126 we may witness a leg up and maybe we get back on a uptrend.
If it doesn't break the 0.0125ish, it would be a good entry point for a short and we can see that 0.075...
