💎Technical Analysis Summary💎
-Monero is retesting its neckline of support around 118 dollars
-This is crucial because if the level break down
-The potential next support is somewhere at 95 dollars
-Looking at the daily candle is not good also
-It is painting a Bearish engulfing pattern
-Be careful and always plan your next trade
This is not trade advice.
I am completely biased.
I started mining monero 1-2 months ago, actually after a virus infected my computer with an XMR miner and it led me to investigate it!
Crazy story but I fell in love with this coin. It has EVERYTHING i believe a cryptocurrency should be.
Key points on this video:
live since 2014
10x potential from...
XMR looking bullish holding support between 0.007659-0.007508 sats plus incoming Golden Cross of 100MA and 50MA. Breakout of ascending triangle confirmation that the bull have the momentum to push the price going up, potential target up to 0.008000-0.008363sats put stop-loss below this support box between 0.007342-0.007232sats
Bear markets create strong cryptocurrencies.
Strong cryptocurrencies create bull markets.
Bull markets create shit coins.
And, shit coins create bear markets...
Since January 2018, It has been almost 2 years bear market! I know so many people has been keeping their zombie bags from 2017. Is there any hope? Yes, but not for most of them.
If you are still really...
We're approaching the end of a consolidation.
End of long consolidation usually means the price is ready to move unilaterally in one direction.
It's too early to tell which direction but it has to break 0.014 for a bullish trade or 0.012 for a bearish trade.
If I had to guess, I'd say we're in for a very strong bullish reversal as XBT loses more ground to...
General: The market ist resting and preparing for Bullish setups. Bullish on XMR USD and BTC -0.90% pair / Factal Pattern.
About the Fractal: This is a long Term analysis and am very konfident this pattern is going to play out. we currently finished the last zone and are heading into the first uptrend zone for Monero.
Like If you appreaciate.
Feel free to...
Using Bitmex Cobra on shorter timeframes is very profitable! I used the 15min. for this one.
Percent profitable: 78%
Profit Factor: 6.9
Bitmex Cobra is a highly profitable trading strategy which can help to spot profitable trades as early as they occur or even before. With Bitmex Cobra you get trading signals right on the chart which tells you when you should...
on a fundamental level, xmr / xmrusd Monero just finished a successful hard fork that kicked ASICs off the network and secured an uninterrupted future without DDOS or spam attacks.
A) all (until recently) monero compatible ASICs are all from one company, bitmain, the shadiest bunch in the cryptosphere.
they put not just one, but 3 backdoors that...
Either way i'm extremely bullish on XMR
Monero has always been a great asset to hide money from anybody on earth and i think people will keep using it for this wonderful reason.
So this trade is very simple, we're talking about a 230% increase (risk/reward ratio completely insane)
Entry should be around 0.027-8
First target around 0.05
Second target 0.09
Looking for XMRXBT to spend about a week in the buy zone.
I just noticed the RSI isn't visible on this graph, but if you take a look, you'll notice the RSI is lower than it was the last two times price visited these areas, and the potential for bullish divergence if price does not make a new low along with the RSI.
XMR's next meteoric rise might be realized as...
As we see the chart is currently moving in a sideways direction. It is a good situation to enter a swing trade. This is a 4hs chart the trade could run over several days. The breakthrough of the Symmetrical Triangle may lead to a new upward trend.
I dont normally trade this one but the chart looks extremely bullish so im going to buy some future contracts on this one for a small position
I bought 30 contacts of xmru17 at 0.0277460
this should be a couple day hold on this one
Ascending triangle pattern indicating high possibility of upward momentum.
Taking into consideration the structure of the price action, it's indicative of forming an expanding triangle if the ascending triangle is rejected,