In my opinion if the price POLONIEX:XMRUSDT will hold this level we can see move up.
Not Trading this one, just made it for a friend, might as well share here. Good Luck
Like almost all ALTS got a bounce from yesterday then so as Monero'. It bounced upwards from previous support level at $97. It made a massive bullish "Engulfing" candle which guides us above the round number $100 and the profit from the bottom was +11%! But looks like we have a heavy resistance above us. This red area has been historically a support and has been...
Sell : 98.50 Stoploss : 110.50 Take Profit : 89.80 - 81.60
Following the strong Lower High rejection on the 1W Falling Wedge (MACD = -25.261, Highs/Lows = -2.9135, B/BP = -32.2662), XMRUSD is now consolidating around the 103.754 support (orange dots) in an effort to harmonize the oversold STOCH, STOCHRSI, Williams figures on 1D. 4H is developing a Channel Down (MACD = -3.617, Highs/Lows = -2.0217), symmetrical to the July...
Pattern is bullish with this trade What we need is to stay above that trend line which will confirm bullish movement, otherwise we will see demand zones If you enter today have tight SL. Define how much you can afford to risk and go between 5% - 10% in SL from entry Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. The price is above the 21-Day WEMA which acts as a dynamic support. Relative strength index (RSI) is 50. New trading suggestion: ...
Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. The price is above the 21-Day WEMA which acts as a dynamic support. Relative strength index (RSI) is 50. New trading suggestion: The price is in a range bound and we forecast the uptrend would resume. There is still a possibility of temporary retracement to...
Monero eventually made a Lower High (Highs/Lows = 0.0000) on the 1W Falling Wedge (red dotted lines/ RSI = 42.243, MACD = -24.873, B/BP = -27703), which is the long term pattern that dictates the trend, hitting in the meantime our 115.494 and 120.927 targets. As seen on 1D the rejection has been emphatic with 5H oversold (STOCHRSI = 0.000, Williams = -88.858). We...
We broke out of the major falling wedge. This wedge hold true since the beginning of the correction. I think we will bounce of the $140 lvl and revisit the breakout lvl of the falling wedge. At around $140 there is a huge resistance and it is typically the case that when you break out of a wedge that the price will retest the breakout price. As you can see I...
Monero is ripe for a 4th wave correction to $110 levels. I am buying during this wave because the 0.618 fib level is a maximum drop.
#XMRUSD flashing overbought on Bollinger Bands, RSI (barely), Stochastics and Williams %R. Trend is clearly higher but it may pause here.
This is what we could expect to see given a reversal in the xmr/usd market
Regular and logeritic chart (below)... Maybe also interesting: research.bloomberg.com Let's see what happens. Happy trading. :-)