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.
According the theory this rally equals to the time spent in the channel.
XMR has been behaving the same over and over again, gettin too predictable this far which scares me a little bit, due to recent movements during the last 24 hours gives me enough reason to believe this will be the last time it keeps the patters, in polo we have been seing a high manipulation by the 1111BTC whale on the sell side, but that pressure have been making...
All signs point to the XMRBTC correction being over: 1. Notice the ABC wave correction. 2. Wave C is equal to Wave A which is a common length of a Wave C to Wave A. 3. Wave C retraced back 61.8% of the previous impulsive leg up. 4. The Wave C trendline was broken on Sept 7th at 03:00 UTC (23:00 EST on graph). 5. The Wave C trendline, after being broken, held...
Possible Monero Short, Broke Trend line and the beginning of a decline on Firefly. Could bounce off the fibs or previous resistance at 170. Monero is still a long hold. We're merging tradingview alerts with Polonex, visit us at cryptoview.io.
Hoping for 5 wave pattern in this channel. target 275 entry 120 stop 95 (will be trailing progress)