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It bounced once, so it's gonig to bounce twice + there is a stronger support that will hold. It could be a good entry point if you have faith in crypto and privacy coins.
Range for XMRUSD
Looking at the 5 year chart its clear were overdue for some green candles against Bitcoin.
Monero''s had a nice pump the past few days but how much further can it go?
Obviously not investment advice but it seems like Monero has a history of doing this... On the plus side we'll have another chance to pickup some more Monero for cheap =] er....
We will be back to accumulating soon! I still think .012BTC is on the way but .013 is bargain when these little pumps happen now and then.
If we mark out the daily range like so, we can see that we fell beneath the middle point of the range and are getting rejected so far, which isn't looking so good.
I wouldn't be looking for any buys right now, either wait until we hit the bottom for a possible bounce to the top, or if we break the middle point again and find support.
Now, it's worth noting that ...
A market that need to take a breath before shoing to the world what crypto realy is all about
long term get up to X300 BTC gain (not fiat) in just 3 years (IMO)
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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 ...
Following past months of development, Monero was preparing for a major upgrade, which yesterday was successfully activated. So what is the upgrade all about?
On the 18 October, Monero has implemented a Bulletproffs protocol, which is an advanced technology that makes any blockchain more efficient, cheaper, faster and more scalable. This method for sending private ...
According to this chart Monero is entering capitulation and is at/nearly at/ bottom
XMRBTC sell of is seems to be slow down coz the stochastic RSI oversold now there is a possibility that the price action will retrace from 0.382 to 0.618 fib retracement and create a
fish hook insha Allah, this is the long position area the targets are defined as per Fibonacci.
Atif Akbar (Moon333)
. MONERO/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
. There is a possibility of temporary retracement to suggested support zone (0.0160 to 0.0151). if so, traders can set orders based on Price Action ...
Monero looks like it is headed down to the longer term trend line, but the technicals look bad. If it moves down and then through the long term trend, there's not much to hold it up until BTC starts upward again.
Currencies with high privacy could be the biggest winners in the future.
Here a complete overview of Monero (XMR) since the start of the currency.
There are analysts who see Monero (XMR) at over 15.000 USD in 10 years.
Let's see what happens. Happy trading. :-)
Updating this chart from December, cleaned it up a bit and added the pitchfork.
3d chart...price at critical support, if it holds (I think it will) then I'm still looking for a huge move up for wave 5. If we start to close candles above 0.02 that will be the first confirmation...0.026xx will be the second. Beyond that and it means we are going much much higher ...
Monero Making Expanding Triangle if Price Dropped on the Support Level 0.015800 then we have a Long Position Opportunity.
we Can Place Sell Order 0.018500
Let See , What Will be Next Move.
I hope that Price can fly From Buying zone.
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Warning- I m Not a Financial ...