Hey traders,
Looking for altcoins to buy,
this morning with my students we analyzed Monero.
The market is approaching key daily structure support at the moment.
Steadily falling within a bullish flag pattern, the coin may start growing sharply after its bullish breakout.
You need at least 12H candle close above the...
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Monero for the culture...As $BTC and $ETH fall victim to regulatory capture and the 2019-2021 class of crypto is exposed to be massively centralized, the $$$ that took $BTC to where it is today has to go somewhere to avoid exposure to the systems $BTC was built to break. My bets are $XMR and $RVN. Let's see.
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📌 XMR /USDT - WEEKLY Tme-Frame - Heiken Ashi
📌 Fibonacci Channel - CUP and CANDLE Pattern - Cycles
📍MONERO / USDT is looking so bullish based on its possible cup and candle pattern along with cycles it has made
📍Monero is a privacy coin which is one of favorite of those who value their privacy and...
Privacy is totally undervalued in todays market. Monero is tried and proven and worth of an adequate valuation. Specially over projects with dubios fundamentals like mobilecoin - what i consider to be a shitcoin.
Expecting a move back down to 240 is expected, and a break under 265 on SOW would be a sign we on the move. Considering that last week demand was still strong in presence, even tho it go absorbed at 285, I could expect more test of the zone before it would go down. Which would give us a even better sell entry when there’s signs of weak demand coming out of there...
- It is a right time to buy Monero, because of the cup and handle formation!
- Target is 1:1 fib trend-based extension - in next leg up, so be prepared.
- RSI is ready for a pump and once we reach all time high, we should accelerate in speed.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR...
monero showed a mild bear divergence at ath and price corrected off of it.
price now finds itself consolidating mid channel in a resistive patch however price is supported by a HVN and the trend is up
XMR to $800+ in the cards
www.thinkmarkets.com
contiuation of decrease in volume as channel trend lines converge confirms pattern.
Usage metrics bullish as ever. XMR is long overdue for a real pump imo.
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-TOP author on TradingView
-2000+ ideas published
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-before/after analysis
-24/7 uptime so constant updates
🎁Please hit the like...
The CUP and HANDLE pattern occurs after a bullish trend. The cup forms a round bottom and the price comes back to the previous peak. Then, the HANDLE zone is formed with a small descending period.
It is expected that, after this pattern, a strong UPWARD movement will come.
Goodluck!
KRAKEN:XMRUSD broke two important technical resistance levels: diagonal resistance line and 200 DMA. Now is consolidating under the HTF resistance of 288.
Considering the general crypto bullish trend and that also BINANCE:XMRBTC has fallen to the HTF support of 0.0502 (where we should see a bounce) it is likely that the trend in KRAKEN:XMRUSD should resume...
The latest Monero price analysis shows that the price has undergone revival once again after the green candlesticks reappeared on the candlestick chart. The price experienced a constant downfall in the prior week as a downtrend was at its peak. Nevertheless, the bullish momentum has been recovered today and the price has been able to rejoin its former level i.e....
KRAKEN
