Hey guys, wanted to share this idea with you. Monero seems like a good long-term investment to me because of its anonymity and the talks around it being listed on coinbase next year. Furthermore,although there is a strong up trend, the MACD looks good and the next correction seems to be far away. Have a good day! Sven
As said it the previous post, we had a buy opportunity when the XRM was low. It has now reached it's resistance at 223€. Be prepare to short at 225€ or buy during the freefall (if it happens). XMR got a lot of support around 180€ so if the value of XRM goes down, buying anywere between 180 and 200 could be interesting. (Invest at your own risk as always)
I think It's a good opportunity to buy XMR, it should rise again at 220€ quite soon. It hit the floor yesterday and got lots of support
As XMR has a small pullback from its strong upward trend it prepares for wave 5. The pullback was relatively small compared to the Fib levels expected (0.382) in a wave 4. It was stopped at the previous high (132) before it stabalized a bit. On a four hour chart we can see a cup and handle pattern forming itself which could indicate just the right bullish...
It seems that XMR had a healthy pullback which could possibily be the second Elliot wave (0.618 retracement) and is now going for its 3th wave. Based on Fibs and previous highs, strong resistance expected at at the blue box area. If break through previous high (132), 147 EURO would be next target for XMR. RSI seems ready to support upgoing trend.
Monero showing a strong movement. I am already long since the price 91, and I put another order at the same price. It represents a small percentage of my portfolio, but if it continues with this strengh, I will add more. Another interesting and with similar movement coin is ZEC. It seems that anonymous coins are starting with big movements.
i think monero is a little overbought with huge future potential!
Monero has been very quiet over the last few months, compared to other cryptocurrencies. It has great potential and now it is ready to pump hard. Bithumb, a Korean exchange, with very high volume (the highest on the planet in Bitcoin and Ethereum), is about to add monero. Monero has doubled in USD terms over the last 5-6 days, but it is sitting near its all time...
Monero is in the uptrend, similar to Bitcoin when it was trying to reach previous peaks (around 2900). At the moment money is purring into Bitcoin due to all time highs and all media attention. Other altcoins are waiting for their term to come, as it has been in the past. Monero is one of the first ones, where trend is becoming clear. It looks like short term...
Monero is coming up to a triangle situation between a current downtrend and an old uptrend. The downtrend is more steep then the uptrend, which indicates possible trend inversion. Also, a possible inverse head and shoulders pattern seems to be forming.
XMR is about to break the triangle, hoppefully going UPWARD. If going up the fibonacci supports predics a at least 30% up movement.