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...
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...
XMR making a similar albeit not exact pattern to November of 2017. The leading indicator I am looking at is the leveling price on the 0 fib level + the bullish divergence in RSI. As you can see in November/December of 2017 XMR rose all the way to the 78.6% fib level before taking a break and then making another move upwards towards the 161.8% level. I don't think...
Here is very simple, made it a while ago, so not gonna move my zones, Cup finished its formation prior to fork news. Further fork delayed to 30th April and market drop pushed XMR deeper than my previous buy zone. Nevertheless we are still there. For cautious trades, i would enter on the breakout. Risk and reward question. Careful with BTC movement
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