Higher because of the "third touch" at a resistance level, usually first two touches validate the resistance. The third touch breaks through, indicating a uptrend, This is actually market psychology and the belief that repeated tests of resistance weakens it!
You have had 500 days to buy ad that major support level which is the white support line, OMXSTO:XMR ...
📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern.
📈 How to Identify:
Draw a trendline connecting at least two lower...
It is one of the symbols that is moving above 500 days in a limited RANGE. This symbol appears to be completing a very large diametric.
The green area is the strong bottom. Now it seems that we are in the last correction wave, that is, G from G.
The last corrective branch i.e. wave g of G is expected to be completed and the bullish wave will begin in the form of...
🚀🔐 #Monero OMXSTO:XMR , the Undisputed Champion of Privacy! 🌐🚀
In the dynamic world of cryptocurrencies, Monero stands out as a beacon of privacy and security. If you haven't added XMR to your portfolio yet, here's why you should consider it:
Privacy at Its Core: Unlike other cryptocurrencies, Monero is built on the principle of complete anonymity. With its...
a heads up for when to hop on and hop off
the crypto cyclical bull bear flat markets
we have the pre halving PUMP
the never ending dump
and the post halving insatiable madness
12 to 24 day lead time forward price action
meaning when BTC begins to PUMP
you get validation 12 to 24 days later
you miss out 15% to 35%
in the alts you will miss out 150% to 300%...
xmr has touched the bottom channel and find supports on the 50 moving average.
looking at my other xmr charts and and an area of resistance i previously highlighted in both has proven difficult to break past.
the btc pair now looks to be breaking that resistance and that alongside the usd pair in its position im bullish and ask are we going to see a merry xmas $800 xmr?
the way things are going in the world privacy coins will have their spotlight eventually
cbdcs and the war on crypto, public ledger and the irs - think about it? privacy is the way forward, its just waiting for the masses to catch on
OMXSTO:XMR too expensive? look for privacy-alts like prcy
...same as btc in 2017, retail simply moved into other coins
I have a big bullish target for monero at previous analysis, and today I found another bullish pattern.
After symetrical triangle resistance broken (previous analysis),
we have diagonal support line (black). This support will be a good line to hold next bearish movement if we have pullback.
Monero also touch fibonacci 0.618 support with a big shadow, 1.618...
If we look at daily timeframe, Monero reach major resistance (black line).
This resistance forming a big symetrical triangle pattern with a big range, and if this reistance break up, $427 will be a good bullish target with 149% profit projection.
If we zoom in, I have smaller symetrical triangle pattern, with 62% profit projection at $262. The...
- Well this chart will be a bit difficult to understand, so follow the graph and the famous bubbles..
- XMR i a strong privacy coin, notice the asymmetry from 2018 to 2022. stunning!
- XMR is not an FTX shitty token or a scam coin, this project is here to stay.
- Monero is comparable to Litecoin, they start always their bullish trends before the other...
about to breakout of a multi year descending channel pattern which is the white line, third touch on the resistance line, imo it will flip it and be a new major support level.
you can see historically OMXSTO:XMR spikes really hard, don't miss it in the upcoming pump!
The above 10-day chart has so much going on, how to keep it short? Of all the data I’m trawling through there’s an observation among privacy tokens that continually catches my attention, no matter which, there’s incredible bullish macro structure unfolding. With one in particular and it is not XMR.
On the above 10-day chart price action has corrected 70% since...
XRM is also playing a time consuming movement to buy the chance of reversing to follow
BTC destiny. In simple word, this coin is also has a huge tendency to remain in bearish market
and as you see it is making a triangle (Wave B primary or wave (B) intermediate of ABC primary)
and the goes down to make the end of wave II or b Super Cycle.
Note: This triangle...