XMR is getting compressed like a spring. Also Bollinger Bands shows us the market is getting ready for a sudden movement.
Pay attention to the meaning of colors:
Pink zone: Critical Support and Resistance Zone.
Yellow lines: Long-term triangle wedge.
Red line: The most important resistance line over Pink zone. The price must be closed over the line to presume...
I tried to make a good reflection of the whole cryptomarket. I only could do this with coins that been trading for more than a year. Otherwise the chart did not work. So I made a chart with the following coins:
BTC, ETH, XRP, LTC, DASH, NEO, MONERO, XEM
If people also wanna chart on this chart use the following...
I've been taking a look at Monero, and this coin looks interesting:
1. It didn't climb a lot since the low in December
2. It XMRUSD basically looks EXACTLY the same as BTCUSD
3. It's doing the same as bitcoin, but lagging behindt
4. It's now where bitcoin was 1-2 months ago
5. The coin itself is interesting because of fundamentals, anonymity etc
So, I have to...
After a beautiful surge, we are not staring at at bullish flag, gathering strength into another breakout?
With more Traditional exchanges will allow trading in the crypto world will equal to more capital flowing into crypto thus pushing value higher. So unless, we are going to get some major bad news, it is unlikely that crypto will suffer a major bear...
Still in a triangle, boring i know. However, we do observing massive spikes and rallies in the ALT coin community.
So it is obvious to a lot of traders that a bottom is forming and accumulation by smart investors have occurred.
However, the big question is, Can this ascending triangle is just 1-2 wave into 3-4 bear wave?
Stay strong, HOLD the line. Patience...
Freedom and Privacy are rather valuable commodities. The XMR project is a top contender in this sector and therefore, in my mind, a top contender against BTC. I believe it is massively undervalued currently. Time will tell.
On a more serious note, I am now claiming to be a prognosticator with super-dank ESP powers and such... I receive inspirational visions of...
Hello fellow traders! Welcome to Spacepeso's first chart! Lets dive right into it.
XMR - Monero has been one of many quiet coins in the cryptocurrency space lately. Whether Bitcoin is bullish or bearish could determine the action that Monero takes in the next couple of days. So on this chart today, we have the 200D EMA cruising just above Monero's USD pair. This...
Today I am watching XMR for a potential breakout of a bull pennant. This pattern comes after a breakout of major descending resistance which signals the end of the bear market.
Currently prices are tagging resistance of the pennant which is why I am waiting for confirmation one way or the other.
For a bull break to occur the best entry will be the...
If you are trading cryptos, you know that a lot of cryptocurrencies are bearish but Monero vs USD could be one that turns the tide. The crypto is currently trading at the support level of a Descending Triangle Pattern at 167.750 and also showing a bullish divergence on the On Balance Volume. The current price action shows indecision at the level with a doji the...