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
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!
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...
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...
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...
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.
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
Price is above WEMA21,...
After months of ranging, XMR has finally broken north out of the pennant that was formed on the daily time frame.
All it has left to do now is to break the current resistance level to remove the possibility of a double top. As long as this level is broken we should have no issue reaching T1
However, based on the size of the pennant, I have marked additional...
Okie gents, Looks i was correct about last month, and this confirms we are now in an ascending Triangle, and in a bloody channel, which can mean 2 things, Either this is a bear Flag, and we just about to have 1-2 wave into more Bear market, or this slow and volatile range bound trading that will eventually will want to test main descending resistance.
I was asked by someone to do a Monero analysis. I mostly do only ETH, XRP and LTC, the top coins, but I have to say that I sometimes forget the others.
Probably because they are all interconnected anyways, and they are very similar. They all follow BTC, no exceptions.
Copmaring XMR with for example LTC, we see that it is not quite as bullish. LTC made a fake...
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...
Monero might try to go on a significant run higher here.
Will perhaps try to find some support from the steepest trendline drawn which will ultimately fail until a lower trendline will be tested.
Wait for a substantial rally, sell then and wait for test of lower trendline.