Monero is about to test a furiously tested earlier support line. If we see a legitimate bounce we can go long. We also should keep an eye on that triangle breakout to go higher.
BINANCE:XMRETH
XMRBTC
XMRBTC decline after hit our previous analysis resistance.
right now we have pullback at channel up support trendline.
We can buy XMRBTC at 0.01296642 and aim for 0.01491763 for temporary target.
If we look at daily timeframe, we have very large projection at XMRBTC
XMRUSD
XMRUSD...
Technical analysis:
. MONERO/ETHEREUM 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 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.3150 to 0.2940). if so, traders can set orders based on Price Action...
Technical analysis:
. MONERO/ETHEREUM 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 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.3173 to 0.2814). if so, traders can set orders based on Price Action...
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:
. The price is above the 21-Day WEMA which acts as a dynamic support.
. Relative strength index ( RSI ) is 55.
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume....
Cryptotraders are too focused on BTC pairs. Why not pay attention to ETH pairs as well? Look at the XMRETH chart. See that nice, predictable volatility? Ether and Monero aren't strongly correlated. These are two cryptos that with very different concepts and goals, so their prices tend to be uncorrelated (that is, compared with other cryptos).
XMR will release...
Simple 15min time-frame strategy which works well with so far XMRETH, ETHBTC, LTCBTC, DASHETH 4.86% .
Does not work well with FX, Commods, BTCUSD, XMRBTC 2.01%
XMRETH: (25% return over ~3 months = ~8.33% a month return on investment, 3% max drawdown, total of 30 trades = ~ 1 trade every 3 days)
Uses:
1. Nested bollingers (multiple lengths)
2. MACD
3. Fibo...
Technical analysis:
. MONERO/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.283 to 0.227). if so, traders can set orders based on Price Action and...
XMR/ETH near term and medium term upside further supported by technicals and fundamentals.
Bullish engulfing candlestick
Bullish engulfing candlestick closed above symmetrical triangle
CCI above 200 level - last time saw a .07 move spike higher
FUNDAMENTALS
The first trading day in July typically one of the best of the year.
Risk assets generally supported...
Technically. XMR/ETH broke above bull flag resistance and has tested to trade below but failed on multiple occasions.
In terms of relative strength amongst the cryptocurrency sphere, ETH has underperformed on the back of vulnerabilities within MEW but more-so likely due to a squeeze by market makers, takers, and whales.
With the sheer multitude of...
