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Today we will take a look at the weekly chart of Monero (XMR). It is evident that Monero has been underperforming this bull run due to its price action being rather bearish. The one red flag is that time after time Monero continues to be delisted off exchanges due to regulatory concern but, that does not change the stunning privacy technology the...
A small bearish divergence (red line) seems to push the price back to the the local rising green buyzone indicating that we range again. 232 should be within reach if range is continued. It could repeat the double bottom on the RSI.
SCALP TP: 232 SL 215
Breakout TP:(Upper HIGH VWAP lines) 240 254
Any break past 213 could indicate short to 200 if the new...
On daily chart, BINANCE:XMRUSDT has been oscillating in range 170 - 345 so long time. This made many people to recede their fund.
Monero is the lagging crypto, perhaps.
So XMR has been accumulating too long to prepare for next wave. Because XMR is better than BTC in features. DYOR about XMR.
XMR might be at $1,800 if it can surge $350.
Let's wait and...
This is a weekly chart! If the handle is formed, the resistance is broken and the pattern is validated it will clearly be time to go long.
You could also enter now and trade with a stop loss that ends above the upper half of the cup as otherwise it will no longer be a Cup & Handle pattern.
Targetpoints for me would be around $800, $1000 and $1200.
In regard to...
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.
XMR is presenting a long term favourable bullish structure.
Volume has increased into and during the handle, conforming to pattern expectation.
Triple bullish divergence on RSI (indicating a significant decrease in downwards momentum), which has the potential to close above 50 this week - indicating momentum passed equilibrium point in terms of...
Monero formed a double bottom formation on a key level.
Bullish neckline breakout confirms strong buyers' pressure.
I expect growth at least to 228 level.
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XMR is the most threatening digital asset to "the powers that be" since bitcoin. Unfortunately, monero is a victim of its' own success - the private-by-default currency is so good it naturally attracts the darkside of the economy (darknets, ransomware, et al). However, it is important to note that bitcoin got it's start in exactly the same manner and anyone...
Similarities can be seen within the 1.618 fib circle both in the square / rectangle and the touch of price on 1.618 level Tried to make this fun by making the circles eyes and drawing a tongue out, to create the smiley face