📈 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...
🚀🔐 #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...
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
big R:R...
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...
Daily timeframe
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...
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!
Hi
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...
Introduction
I have been waiting for an OG coin alt season for over a year now. A lot of the top 10 or top 20 coins from 2015, 2017 and 2017 massively over performed compared to bitcoin and Ethereum and have had to go through an even longer cooling off period than those cryptos did. Monero has dropped to the 20s in coinmarketcap.com’s rankings and some of the...
Thoroughly oversold on the stochastic's as well
I have mentioned the super massive all time chart that #Monero is showing
incorporating the 2017 & 2021 highs which I believe will be taken out to the upside in this coming bull cycle
THis is a range double top lower high drop setup to contraction for a lower low on the funnel support line base for a bounce to retest back to this mid accumulation zone Watchin the double top forming in tthis move towards the end of the month.
