Small div spotted. Is it enough to turn the downtrend around?
Breakout above 0.0129 for confirmation with target around 0.014s before selling resumes RSI oversold Regular bullish divergence Expecting short term bounce
Trendline before the "bump and run" pattern (steeper trend off of previous trend, price returns to earlier trendline, likely dipping below it momentarily) is one target. Another is a butterfly (harmonic pattern) completion at 1.272 of XA. Monero could become a long candidate at either of those two levels, with some confirmation.
This is a highly risky trade because; sell volumes are still high and it can do a huge spike to 0.01256 So bottom could still be far from here Trade at your own risk. TA is clearly on chart. Any questions be sure to let me know.
Reasons for long: bounce of the 50%, macd bull divs in descending wedge suggesting bottom soon, 70 period stoch >0.5, fast stoch crossing 0.2 up, wilfix bottom, adx increasing, oversold on rsi, trend line hit for ramp up, volume dropping off - looking for spike, squieze indicator showing near bottom, support from 200 ema, all hitting strong support at 140-150 we...
XMR has recently had a bit of a correction on its absolutely massive price increase and has reached another wave bottom. There was very strong support at 145, the price bounced back and it would appear that the momentum has turned back to the upside. We're at the beginning over another wave in this absolutely ginormous flag formation starting from the initial...
It would appear XMR has found bottom and is pushing back. Should it break this long standing trend line I would expect to see it push up through 1700 again.
Temporal bottom has been found and correction it's coming, i think this can extend beyond 0.016 if proper volume comes along with pump, confirming secondary target. Stop loss 0.015 Primary target 0.016 Secondary 0.017 Be careful on this trade Traps are bound to be found it could wick out below 0.015
After ETH did crazy increase. It sort of deflated. Then increased a bit again, but never reached new ATH. Now this excact movement could be playing out in XMR. But tbh. it just may not. XMR may just go further down. Anyway, will be interesting to follow i guess. Have a nice day.
XMRBTC has been in a week long down trend as labeled on the chart as Wave Y. The two purple lines outline the downtrend channel. Notice how it reached the top of the downtrend line twice previously and was rejected. We are currently on a potential breakout hourly candle. For the first time, we have passed above the top trend line and with an hourly candle...
BTC could be losing momentum due to china driving the price down. Possible breakout up or down imminent. Chose your bets, Keep a relatively tight stop if long. We're one foot off the cliff. ---------- We're bringing TradingView alert functionality to Poloniex and other exchanges, if you're interested visit our website: CryptoView
Note: I know this is usually used with commodities and forex. Almost looking at a 3 line break and the weekend is approaching. Currently looking at a line break if the current bulls keep up. We're bringing TradingView's alerts to Poloniex to allow for more advanced trading and highly customized trading bots. Visit us at CryptoView
With my update yesterday, everything started well then things started to run out of steam. As I mentioned in my update yesterday, if we cannot reach at least 0.0220 by the time that the hourly RSI rolls over then we'd need to re-evaluate. We got close, reaching 0.0219 but then we ran out of steam and momentum rolled over. Hopefully everyone followed my advice...
What goes up must come down, especially with the current BTC rally. If XMR starts to penetrate the kumo cloud, then expect it to go all the way through to the bottom of the cloud.