... And Happy Birthday Monero!
Often I am asked: "I want to invest in a good crypto technology. What should I buy? I don't want to lose money on pump-and-dump. My answer: Take a look at technologies that offer a real understandable (simple) advantage. Monero is therefore a must-have for me. Why, I'll write below:
One of the biggest advantages for me in the...
Welcome to Technical Analysis on MONERO (XMR) which is one of the next big things (not judging by the rumors), but technical and fundamentals.
After Zcash it's a second best privacy coin made.
We have seen Monero is sidewalking since December, pretty much at the same range (0.0120-0.0135 sats), but since volatile as usual, #XMR will gain masin...
Useless and not the most reliable anonymous coin. In the new growth cycle that will stretch for 4 years.
Many coins that were popular in the past cycle.
WILL NOT BE POLULLARY IN A NEW CYCLE OF GROWTH.
THROUGH TALKING NOT MANY SURVIVES!
I've made wild predictions in the past about Monero. When it was worth pennies I made estimates of it's value reaching well over $1 into the $10 range. This absolutely happened.
I then speculated that Monero could further increase from $10 to over $100 given the tremendous updates and growing community making it the best form of Money anyone has seen. This...
Well, the weekly BBands are extremely narrow in XMRBTC. So a breakout seems likely.
Even though we are a bit overbought on the weekly timeframe, the monthly says that there is huge upside potential.
Stoch RSI has been oversold for a very long time now, and this together with the BBAnds, imho favors the upside.
Now USD-wise, of course, much depends again on BTC....
XMRBTC decline after hit our previous analysis resistance.
right now we have pullback at channel up support trendline.
We can buy XMRBTC at 0.01296642 and aim for 0.01491763 for temporary target.
If we look at daily timeframe, we have very large projection at XMRBTC
While the price is above the support 38.50, beginning of uptrend is expected.
We make sure when the resistance at 76.30 breaks.
If the support at 38.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
Price is above WEMA21,...
I was asked by someone to do a Monero analysis. I mostly do only ETH, XRP and LTC, the top coins, but I have to say that I sometimes forget the others.
Probably because they are all interconnected anyways, and they are very similar. They all follow BTC, no exceptions.
Copmaring XMR with for example LTC, we see that it is not quite as bullish. LTC made a fake...
Today I am watching XMR for a potential breakout of a bull pennant. This pattern comes after a breakout of major descending resistance which signals the end of the bear market.
Currently prices are tagging resistance of the pennant which is why I am waiting for confirmation one way or the other.
For a bull break to occur the best entry will be the...
Hello traders, happy Sunday. I hope you all had a fantastic weekend. Today we take a look at XMR / USD Daily.
Price has recently formed a Demand Pivot on our Daily timeframe. Our Demand Pivot has formed upon our Weekly S/R level.
- This in turns shows strong confluence for a bullish push within the midterm for Monero.
- Our current key local resistance being...