Viewing the Gravestone Doji that has previously formed on the middle band and the candle that followed we can make some assumptions based on the current gravestone doji
As the current Gravestone Doji is at the upper band we can assume a dump to the middle band (comparable to the previous drop)
Gravestone Doji's are considered very bearish
This is the Monthly timeframe
Monero shows itself stronger than the market.
Volumes and volatility are decreasing.
I expect that the price movement will form a triangle and after fixing above the upper boundary I will be ready to buy XMR.
🟢cup and handle pattern
🟢falling wedge pattern
🟢bull flag pattern
🟢descending channel pattern
lol do you want anymore bullish signs TA wise?
the fundamentals are even more bullishhhhhh
This chart looks great in my opinion and should be a long-term hodl for anyone exposed to crypto.
Major resistance area is a key level to flip, alongside the trendline noted on the far right-hand side.
$XMR has no real competitors, it is fundamentally better than any other privacy coin with the key fact that it is actually used for merchant transactions unlike...
XMR/USD price bounced from former resistance zone so we may expect a bullish run from here to the next resistance.
; We have taken a LONG position with a stoploss below support.
The following content is machine translation:
After a wave of rises, it continued to pull back.
Pullback to the important point of Fibonacci rebounded around 0.618.
Yesterday closed up and rebounded, and today it is positive.
It is expected to stabilize and rebound.
Look at the target near 230.
great for short or long term IMO. $220-230 XMR is a steal and we will see $250 soon for a short term target, but with xmr/btc looking strong, I think we will see great long-term numbers for EOY and next year, too.
Keep stackin' momos :)
Monero has continued its mark-down with solid intraday trading opportunities, rallying briefly to $234 before continuing downward price action.
Expecting $200 early this week due to FOMC meeting & broader markets before deciding if $200 support holds for a reversal & climb back above $250 towards $270 and centerline of long-term channel or breaking down on path...
Monero continued to move in a downward channel as expected.
50MA and 100MA formed a death cross on the 4H Timeframe.
The buyout of the channel breakout happened on higher volumes.
Price is above the liquidity level.
I expect a small consolidation with consolidation above the support level, and after reaching the resistance level.
Monero has been ranging between 140 and 300 for a year (purple zones), and we´re back into mid-range price action.
My bias is slightly bullish at this moment, and I´ll watch rebounds in the two yellow zones for a LONG trade setup.
XMR is behind the market.
Price is testing the upper boundary of the descending channel and the 200MA on the 1H Timeframe.
During the rise, trading volumes began to decline.
I expect a fall after fixing in the descending channel.
A stable price action and trend support a bullish trend direction.
Above 235 supports a bullish trend direction. Crossing below this level will negate the bullish bias.
Upside price momentum supports the bullish trend.
The concern is the RSI and trend strength that might result in a temporary correction.
Remains a risky trade.
Monero has benefited from recent market preference for privacy given recent actions to weaponize financial instruments and access.
(ex: Canada v. Can Citizens, NATO countries v. Russia).
8 consecutive weekly green candles saw XMR appreciate from $130 to $290.
Today, XMR is testing 20 EMA support with multiple indicators reflecting a cooling off period is...
Monero has realized 8 consecutive green weekly candles, from $130 to $290.
Privacy protocols have benefited from market desire for unlinkable & untraceable transactions this year in the face of the weaponization of financial instruments.
XMR has a long track record, is a trusted blockchain, and has a long-term place in the crypto space.
However, institutions...
Hi guys, here another of my altcoins investment.
I underlined on the chart and indicator the similarities on 2015-16 cycle.
Similarities don't count nothing but, it's always a good help to try understand the current situation.
If you look all my analyses on Eth, here you find the same because Monero it's an altcoin so it followe Eth in a bull run.
Let me know...
- XMR has been an unusual outperformer so far in 2022
- the thesis for the short is obvious: price is currently working on the 10th consecutive green 5d close
- with Monero also trading within the 5d ichi, a mean reversion is likely
Throughout time we have seen how privacy tokens demand have raised with regulation fundamentals from governments. this phenomenon usually takes place as certain crypto investors rush to privacy coins such as Monero (XMR) to avoid any problems arising from any regulations on cryptos.
In the charts above you can see how Monero has declined to its major support and...
