Since the last Report, that was published before the Libra announcement, things changed, and market pushed higher.
However, we still hitting a major price juncture, and a $2.5k price dump in BTC has shown that. However, alts held reasonably well, so what happens next?
I am not sure who is buying at these levels now, but those people must have deep pockets....
They hit it at the historical level, bought it off just like it did last time (marked by blue ovals)
The next target zone I see is $ 61
Now we are showing the market that we are holding the level of $ 85, and the big players are unloading about traders who come in on kickbacks.
We lie on the support of the MA100 will rebound, how much?
This is to hold long term, not for swing trading.
Daily is showing some clear support on the daily 50 Smma, after having spent the bear market below it (except for false breakouts that lasted only some days/week).
The pattern is clearly showing more buyers than sellers, raising over this blue Smma and using it as a support.
The Smma 200 in pink is more resistive,...
Hi ladies and gentlemen,
XMR will be the all-time winner (better ROI than any coin including BTC).
Also the reason of this big 'pullbacks' is because many of you are 'trading' (trying too, lol) with leverage x5, x10, x20,...
Some parties easily come in the market and bust you, you get liquidated...
It's silly. Better buy & hold.
Many people use leverage...
See my related idea below.
Here is the un zoomed same idea. The chart looks very bullish. We need more volume for a powerful break out.
I think this is possible in the short-mid term.
We could see XMR around 160-200USD soon.
Here's a side by side weekly and daily time frame of $XMR Monero against US dollar. As you can see on the weekly, the price has been moving in-between a range of support and resistance from 82 to 120 USD. We attempted two weeks to break above the 120 region of resistance but failed, which took us back to the 82 region, and currently trading slightly...
This trade idea is for demonstration and educational purposes only. Trade at your own risk.
We see a possible teacup formation. Key things to note:
1. Price is being contained within an ascending channel.
2. Price is very well respecting the 50% fib level and using this level as dynamic support.
3. Possible makings of teacup in terms of handle formation....
THE PREDICTED TRENDS SHOWN HERE ARE BASED ON FUTURE INTERSECTIONS OF LINES CHARTED FROM HISTORICAL RESISTANCE & PIVOT POINTS. THIS METHOD HAS PROVED SUCCESSFUL IN THE PAST, PRODUCING 25% PROFIT OVERALL IN THE LAST 2 MONTHS (FROM A VARIETY OF TRADING PAIRS, NOT JUST XMR/USD). PLEASE NOTE, I OFTEN CLOSE POSITIONS BEFORE EXPECTED TARGET AS THIS SEEMS TO BE A COMMON...
Monero / USD Short-term price analysis
Monero has a bullish short-term outlook, with the cryptocurrency recovering back above its 200-period moving average on the four-hour time frame.
The four-hour time frame shows that a head and shoulders pattern has now formed, with XMR / USD bulls attempting to invalidate the bearish pattern.
Technical indicators are...