Whatever way you look at this , it is a bearish pattern and can't be sustained without a correction. I expect a drop of 30%-40% to the red box. Also the bounce to 0.618Fib is a typical turn-around zone
From EW perspective, this can be interpreted as
1) ABC - with C as an ending diagonal. This would mean lower lows
2) 1-5 of a leading diagonal - which is either...
Don;t have much time to write up today.
I believe the key here is the volumes in the H&S. This means we are close to the bottom.
The question is how are we going to go about this bottom.
I think, i presented my case.
Stay safe everyone.
April 2 - 3 is going to be a key, which means tomorrow lol
BLUE = Bear/Resistance
Yellow = Bull/...
Hi friends hope you are well, Since Jan 2020 the Bollinger bands on month chart is getting squeezed and priceline was moving sideways indicating that the price action might have found a support here. After recent bearish move the priceline has 1st time hit the lowerbands of Bollinger bands and turning bullish now we can expect after this bounce the price action...
The whole market looks weak on the whole and the moneoner is no exception, growing in the upward channel, approached the last trading zone and drew a bearish wedge + saboteurs on JSC, RSX and volumes at 1:00 and 4:00.
Input: 54.3 by 8% deposit with x10 leverage
Risk: ~2% of deposit
Friends, thanks for your likes and comments!
“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.
Hi Folks hope you are well, this bearish trend is helping many tokens and cryptocurrencies to complete their finals bearish legs to form bullish patterns and Monero (XMR) is also one of them. On 2 day chart the XMR has formed bullish Crab pattern, even though the price action has hit the spike in PRZ level and pulled back but I am expecting that due to this...
I am bullish monero here. We are in an extended corrective wave but since crossed support and may be changing to an uptrend.
I think if crypto survives, that XMR will be the choice crypto to own. BTC may be doomed to regulations we will see. For now im bullish , course if we break the lower flag boundary im bearish.
Well friends, lets begin this month a little different.
Observation and a Warning of things to come:
In the age of Cyberpunk, - if you are not familiar with a term, google it up - we have variations of futures where we live in a high technology, but a world is screwed up. And most often than not it has 3 or 4 key components.
World War 3
First, sorry for a delayed TA, I needed to gather some thoughts, find time, and energy to put the gravity of Crypto for the last year of 2019.
So far this year have been one hell of a roll coaster. I have feeling that December, is just going to get just as wild.
First, we have a fractal on Dec 7th, so this Weekend, we can expect fireworks. I trully, hope this is...
Wave 5 is on its way or very close to starting. Monero increasing in price on declining volume having hit the top of the channel for the third time and as typical of a wave 4 had broken the channel in both directions. Any spike higher from here will more likely fill my remaining Short ladders than scare me out of the trade.
This crash will wipe out many...