XMR vs BTC is about to break out after a retest and a bounce of the all time lows. Really high potential when going up.
Targets are aligned with previous resistance levels.
This setup can be traded in margin as well. Wouldnt recommend to trade with more than 3x leverage when using this exact setup.
Best entries: 0.00683354 -...
Monero has been in a downtrend for 2 years... if this is a reversal, we could potentially see big gains. As governments try to gain more control over cryptocurrency and attempt to track our private activities, this could be a potential winner in the long run. It reached some seriously crazy prices at one stage, so I would be waiting for a breakout and entering on...
Huge bullish divergence on XMRBTC, while at the same time bouncing from a strong support and entering the 4h cloud once again, now that the MA50 and Kijun have been reclaimed, a sure bounce and possible kumo breakout is in action here.
Target 1: 0.007282
Target 2: 0.007660
CryptoCue is not providing investment advice and is not...
BTC showed it's resilience and strength today, busting through the coveted $10k resistance in a matter of hours.
As a result, many btc alt pairings have began breaking down.
Here we see Monero's 3 day chart.
There is a visible head and shoulders pattern that appears to be on the verge of completion and a breakdown. A lot of this will hinge on what BTC decides...
Trangle has formed on the 4h chart.
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pressure on the upper boundary;
Punching up and securing the purchase.
stop loss for local minimum;
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Solid Bottom? 4th attempt in 6 months? Yikes!
Preparing for the worst but possible turn around.
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My first look at XMRBTC and like it's USD pair it is in trouble. In a longterm descending widening wedge, sitting on a 9 month old support line, having formed a clear Heads and shoulders and was rejected by the ichi cloud and the wedge resistance.
Only redeeming features is that the daily RSI is oversold and there are bullish divergences on the 4H RSI, which can...