XMR (and BTC) will be the big winners (in the short, but for sure in the long term)
Leverage trading will make crypto very volatile in the next years.
We will see big gains and big pullbacks.
In the end BTC will be nr 1 and XMR nr 2.
The ROI (for now on) on XMR will be better.
I would advise to buy and hodl XMR. For 2-3 yrs.
It is a pity that I missed such a good entrance.
Monero touched the support line in the buy zone at the support level H2 completing the 2-fall wave ;(
I think it will be growth to the level of resistance 95.1
Wait when price break resistance lvl 83.7
holidays with no internet for 5 days and you guys dump the market 40%, that's not cool. Back on internet but no mouse. Quick look at $XMR which looks good if it doesn't go any lower than that. Still on holidays until monday. Will look at the rest later
Monero / USD Short-term price analysis
Monero has a bearish short-term outlook, with the cryptocurrency tumbling to its lowest trading level since May 2019.
The four-hour time frame shows that a major bearish breakout has now occurred, with XRM/USD bears triggering a head and shoulders pattern into action.
Technical indicators are bearish on the four-hour time...
Hi ladies and gentlemen,
XMR will be the all-time winner (better ROI than any coin including BTC).
Also the reason of this big 'pullbacks' is because many of you are 'trading' (trying too, lol) with leverage x5, x10, x20,...
Some parties easily come in the market and bust you, you get liquidated...
It's silly. Better buy & hold.
Many people use leverage...
They hit it at the historical level, bought it off just like it did last time (marked by blue ovals)
The next target zone I see is $ 61
Now we are showing the market that we are holding the level of $ 85, and the big players are unloading about traders who come in on kickbacks.
We lie on the support of the MA100 will rebound, how much?
Hello traders
Here's a side by side weekly and daily time frame of $XMR Monero against US dollar. As you can see on the weekly, the price has been moving in-between a range of support and resistance from 82 to 120 USD. We attempted two weeks to break above the 120 region of resistance but failed, which took us back to the 82 region, and currently trading slightly...
This trade idea is for demonstration and educational purposes only. Trade at your own risk.
We see a possible teacup formation. Key things to note:
1. Price is being contained within an ascending channel.
2. Price is very well respecting the 50% fib level and using this level as dynamic support.
3. Possible makings of teacup in terms of handle formation....
About Monero
Monero (XMR) is a private, secure, and untraceable cryptocurrency that was launched April 18th, 2014. With Monero, it is said you are in complete control of your funds and privacy no one else can see anyone else's balances or transactions.
