The TA is pretty straight forward here - we could be seeing the makings of a trendline break dating back to July 2018.
It is pretty clear that if BTC can make the break above $4200, then Monero will be a primed candidate to outperform.
risk vs reward profile is pretty sweet here- Upside targets towards $0.015 (1.618 extensions) and stops below the 38.2 fib...
The TA here is pretty straight forward.
We could be in the makings of a trend-line break dating back from July 2018 which could be huge. I think it is clear here that if BTC makes a break above $4200, Monero is a primed candidate for an out-performer.
Great risk vs reward profile here. with upside targets towards $0.015 and stop loss below the 38.2 fib.
XMR looks like it is the next to join the party. It has bounced off support so far but could see a brief dip down to trendline or even the lower support zone. Looking for entries in those areas could be a better R/R for the move higher!
Ascending wedge has formed as well with a break above that resistance adding fuel for a breakout higher!
This is the sum of some alcoins vs BTC paired.
On this chart I just noticed that we recently hit almost lowest levels for ETHBTC, XMRBTC,LTCBTC,NEOBTC,EOSBTC,IOTBTC,XRPBTC,ETCBTC
Also I can see Wyckoff Accumulation and if this is valid in crypto we are at the bottom of this painful correction, so we might see a bull run soon and if correction is...
While the price is above the support 0.01185, beginning of uptrend is expected.
We make sure when the resistance at 0.01395 breaks.
If the support at 0.01185 is broken, the short-term forecast -beginning of uptrend- will be invalid.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
Trade Duration: Medium
Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on privacy and decentralisation that runs on Windows, macOS, Linux, Android, and FreeBSD. Monero uses a public ledger to record transactions while new units are created through a process called mining....
This chart is a snapshot of market momentum. This is the first chart to move then ETHBTC then alts then majors. The best way to use this chart is to understand it simply as market-wide momentum for all coins/tokens.
Alt Index Paired with BTC
Slowly but surely Monero is coming back. Weekly volumes turning good.
Don't think about fast gains in XMR but it's a Safe Long invest.
Buy now 12900ish or little less.
First Sell 14000ish.
if break up Second sell 16000ish.
Big resistance 17500ish.
Stop Loss 12400.
And as Always follow BTC trend.
Happy Tr4Ding !
Monero (XMR) Overview
Private Digital Currency
Monero is cash for a connected world. It’s fast, private, and secure. With Monero, you are your own bank. You can spend safely, knowing that others cannot see your balances or track your activity.
Monero (XMR) Chart Analysis
It is great to start by looking at the charts long term, gives you a better perspective...