How is it that one of the most interesting projects in crypto money, Monero (Bitcoin being #1 imo), is valued at less than $1B market cap? Surely it's only a matter of time until Monero's value proposition as a fungible (i.e. traceless & anonymous simultaneously ) is understood and fairly valued by the current wave of newcomers, soon-to-be maturing crypto investors.
Desision triangle. Positive situation and forecast. Lets see what happens. Happy trading. :-)
What a day! it was time for a correction and, how simple is this, all together corrected, and here, i dont know why, MONERO!
The market has broken out the neckline of the short-term double top and is pulling back now. A good short place is where the 0.618RET and the 2.618REXT converge. Meanwhile a good Supply Zone also works at this zone. So it is good to sell at 45.8-47.3 levels when price action gives signals in the PRZ. SL: above 48.9 TP1: 38.0 TP2: 35.2 and further more
This is a silly idea - i'm toying with fib spiral again and sloppy-ly so. Not sure its worth trading.
You knew these where coming. Now you gotta step up and take them with smart stops. Keep the risk low as the upside is still so very good
Rumor has it tomorrow Monero will make a significant announcement tomorrow that will be very bullish. Volume is consistent, Price action seems to be insider buying. Looks like it could go much higher. Normally I would examine fundamentals as well, but in this case I do not believe it is the basis for the trade.. expecting 60+
Experimental derived channels from square pattern. Monero to hit 26.95 soon. Cheers, Keops
Currently in pennant, 1D ichi not much use but suggests support in $19-$20 range, which coincides with 50% fib of recent pump. Kijun is further support at the top of the embryonic cloud. Top of channel, bull pennant breakout and fib extension all agree on $35 American Pounds in the medium term.
Short term price channel projection for monero. Cheers, Keops