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...
XMR Moonero just completed a super bullish gartley harmonic, looking at the D wave with a TTM squeeze potential, the weekly TTM indicates May could be a critical month for XMR and may invalidate the bullish momentum
Invalidation point would be below $170 but that would be a stop loss hunt so the algorithms might trigger sell offs to 150 and soak up liquidity
Monero is on a 1W Channel Down. There is no reason to be bullish as long as it trades inside this Channel. Although it seems to be supported since the December bottom it is safer to go long once this Channel breaks upwards. I will go long above 64.700 and target 90.000.
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...
Welcome Back!
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...
Useless and not the most reliable anonymous coin. In the new growth cycle that will stretch for 4 years.
Many coins that were popular in the past cycle.
WILL NOT BE POLULLARY IN A NEW CYCLE OF GROWTH.
THROUGH TALKING NOT MANY SURVIVES!
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...
If BTC continue on its launch Watch Volumes, Daily Macd & RSI and if levels are good we can expect breaking the wedge upward. for Entry its hard to find a good one i think because it can also reak by the down so play safe & use tight stop ! For or a more safe trade just short the Top
I'm a fungibility perma bull so coins like Monero and Masari are my FA dolls. I don't really trade Monero as I'd prefer to use it, but it's interesting to see what potential gains I could get through mining/buying further into the project. I've identified some key price points to watch on the chart and will elaborate on those.
Check out the volume in Sept 17 on...
This is one of the most strong coins around, with real fungibility.
Cryptographic experts acknowledge this one be the best privacy coin around.
This is a great set up with excellent risk/reward.
Be safe
Midterm forecast:
While the price is above the support 38.50, beginning of uptrend is expected.
We make sure when the resistance at 76.30 breaks.
If the support at 38.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
Price is above WEMA21,...
Monero, along with other alts, has been showing strength against the dollar over the past three weeks.
History tells us that alts often pop before Bitcoin so I am starting to look at set ups for a number of alts which I think are strong projects. I'm not saying the bottom is in but its at least a good time to evaluate the market for opportunities. With that said...
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