Possible cup and handle. First target on chart. Not trading advice.
Is this a flag or descending triangle? To me it looks more like correction time. Monero had several moves up, now the high probability scenario is favouring a correction. Please refer to the chart for potential targets.
Hello Traders, XMR/USD Monero 119.420 / 117.960 VS 86.990 / 84.133 Bigger Correction Devoloping.
See my related idea below. Here is the un zoomed same idea. The chart looks very bullish. We need more volume for a powerful break out. I think this is possible in the short-mid term. We could see XMR around 160-200USD soon.
See my related idea below. I think Monero has the best fundamentals over any other crypto. Monero is one of the best crypto project. Low fee, untraceable, fungible, deflationary etc.. Monero is the real synonym of decentralization. Monero is what bitcoin was supposed to be in first hand, and it works. Do not miss your chance to grab some xmr at such price. (...
We are lagging behind BTC. Could this be because we need a handle to complete a cup and handle pattern? The handle could go as low as 100 USD and it would still be healthy. One thing for sure is that we need MORE volume to break out of this pattern.
This is to hold long term, not for swing trading. Daily is showing some clear support on the daily 50 Smma, after having spent the bear market below it (except for false breakouts that lasted only some days/week). The pattern is clearly showing more buyers than sellers, raising over this blue Smma and using it as a support. The Smma 200 in pink is more resistive,...
Possible H&S on XMR / USD trading pair. Some entry & exit points, if the pattern develops. Not trading advice, education only.
The red areas mark when 50 days MA is below 200. I use it a primary indicator or of a bull/bear market. The last bull market for Monero started a half year later but then – despite not catching up at the beginning – it grew **16 times faster**. Monero is currently the best privacy coin, and privacy coins by many are viewed as "the next big thing" since...
XMR nears its finally support zone before it falls into the abyss We did panic dump and nearly hit out support level but scaling in here with a tight stop could be a good play
Just finished first move up guys, so we expect a bigger correction that eventually will give us the big move up!!!
Midterm forecast: 98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 74. New trading suggestion: *There is still a possibility of temporary retracement to...
Midterm forecast: 98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 74. New trading suggestion: *There is still a possibility of temporary retracement to...
Lookout for two targets: 149 during September 2019 and 288 during December 2019.