I've been taking a look at Monero, and this coin looks interesting:
1. It didn't climb a lot since the low in December
2. It XMRUSD basically looks EXACTLY the same as BTCUSD
3. It's doing the same as bitcoin, but lagging behindt
4. It's now where bitcoin was 1-2 months ago
5. The coin itself is interesting because of fundamentals, anonymity etc
So, I have to...
If you have seen any of my other publications, you would know that I am super bullish on crypto.
Monero is just another beauty that I cover, which is shaping up nicely as a rounded bottom. The weekly chart has now seen 4 full closes above the 100MA, and re-tests are getting bought up. Also note, that weekly 20 (orange) is curling up aggressively,...
En esta oportunidad el mercado nos muestra una posible formacion de un patron BAT bajista el cual deberia de ir a los 97$ como nivel minimo que tengo establecido para la potencial zona re recersa (PRZ) para asi este patron tenga la oportinidad de ser puesto a prueba y ver como reacciona el precio en esa zona.
(In this opportunity the market shows us a possible...
After a beautiful surge, we are not staring at at bullish flag, gathering strength into another breakout?
With more Traditional exchanges will allow trading in the crypto world will equal to more capital flowing into crypto thus pushing value higher. So unless, we are going to get some major bad news, it is unlikely that crypto will suffer a major bear...
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...
Se ha formado un patrón armónico BAT alcista, podemos colocar el SL un poco más abajo del que tengo especificado ya que este ha actuado como un soporte anteriormente y existe la posibilidad que si hay un poco el precio se apoye en ese soporte y rebote al alza.
Price easily can go to 140$ or even higher, at the moment we consolidating in triangle pattern, and as you probably know by now this pattern could break to up and downside, there is 50/50 ratio so I am waiting for it and ready for both scenarios. Keep your eye on this dark pony :)
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 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...
XMR is getting compressed like a spring. Also Bollinger Bands shows us the market is getting ready for a sudden movement.
Pay attention to the meaning of colors:
Pink zone: Critical Support and Resistance Zone.
Yellow lines: Long-term triangle wedge.
Red line: The most important resistance line over Pink zone. The price must be closed over the line to presume...