This is likely the last bout of downward pressure before we begin to go up exponentially in the month of March, 2020. It's POSSIBLE they could take it up a bit first (bull trap) just before slamming it down between $72.10 to $72.85. This coming "estimated" move down is NOT GUARANTEED. This is only my opinion based on my observation.
“Monero is what Bitcoin noobs think they bought, which is fungible, digital, sound money.” - Dr . Daniel Kim
Personally, I feel that Monero is what Bitcoin wants to be and is trying to be. As the crypto market matures we should expect Monero to take a permanent spot in the top 5 on market cap.
Looking at the daily timeframe , with the two biggest used moving averages, 100ma and 200ma.
'golden cross' about to happen this next week, interesting to see what happens to price. Are we on the verge of altcoin season?
My current target is $113
As always please do your own research, I am not a financial advisor.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (79.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XMRUSD is in a uptrend and the Continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The...
Looks like we have a chance of the White Energy crossing below the 50% level on or around February 15, 2020. Could begin February 14th or possibly February 16th. The reason I'm labeling this a LONG position is for the LONG TERM Upward Pressure I'm seeing in time frames higher than this 3-Day TF. So, do not assume I'm implying to get in this very moment. You're...
Priceline of Monero / US Dollar cryptocurrency has formed bullish Shark pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 52.949 to 49.193
Sell between: 56.295 to 63.804
Regards,
Atif Akbar (moon333)
21 minutes ago
Priceline of Monero / US Dollar cryptocurrency has formed bullish Shark pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 62.106 to 61.143
Sell between: 63.099 to...
$79.60 to $81.20 Could likely be our price range we fall to. Could we dip a bit deeper? Sure, it's possible but I'm leaning more towards $79.60 to $81.20.
Happy Trading and Stay Awesome!
David
What a month a January was, wohoo! I hope you guys held, and sold at good profits :)
I was surely off on some of the fractals of the January, and the patterns was a lot stronger.
We did hit our expected FIB correction price.
No, so what is up with February: It comes down to if either 3-5 or 1-2 bull rally.
Depending on that we are going to have a few...
74-76 Stop loss 81-84 TP on swing. potential to really move with the 5th wave of the elliot wave set up.
Please like and comment thanks stay profitable!
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I expect the completion of the correction for XMRUSD and the continuation of price growth within the framework of wave 5.
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Pattern: Channel Down on 1W.
Signal: Bullish as the Lower High trend line broke. If it fails to get detached from the 1D MA200, then expect a 1 month consolidation first.
Target: 95.000.
Long Term Bearish Move:
The price action of Monero has been moving down with strong bearish trend since Jan 2018 after hitting the highest price of Dec $477.
In the meanwhile it has been giving us many short term and midterm trading opportunities but on a bigger view it has been down and finally touched $38.50 in Dec 2018 that is the lowest price from Dec 2019 up...
The most resilient coin to the pump and dump, probably because it is actually being used.
Signs of reversal are beginning to show. I'm long vs BTC.
Altcoin markets will begin to form their sucker's rallies and bull traps.
The ones that have proven their worth to the trading algorithms should rally to 50-70% of their respective ATHs over the next 6-12 months.
The...
