Midterm forecast:
98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 74.
New trading suggestion:
*There is still a possibility of temporary retracement to...
Midterm forecast:
98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 74.
New trading suggestion:
*There is still a possibility of temporary retracement to...
A sharp decline due to bad news competition from grin, gov't regs, bad press? could be...
Followed by market realization that Monero is a superior MONEY. The specifics of the technology is less important that a design for sound money!
The length of the breakout is on its way to equaling the legnth of the bull flag's pole.
XMR at 1 on the Fib, which can act as resistance.
RSI is overheated
MACD is bullish
I am going to buy the dips as close to 0.5 as possible.
Target $150
Stop $81
Cheers!
I am not a financial advisor, and this is not financial advice. Please do your own research.
We appear to be done with the major wave 3 (blue) counting the 5 sub-waves (green). This also happens to be 2.618 Fib ext of Wave 1. We now appear to be almost done with the 4th wave correction which is a likely a Flat ABC
Since wave 2 was a deep correction (0.786 Fib of Wave1)
Wave 4 is likely a shallow correction (0.382 Fib of Wave3)
This also coincides with...
En esta oportunidad el mercado nos muestra una posible formacion de un patron BAT bajista el cual deberia de ir a los 97$ 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 BTC pump often the first to follow are the pure currency coins... and XMR sure is one of the most sexy ones out there.
We are testing to break the resistance level and the channel. If we manage to do so I would say 150$ is the next target.
BTC can ruin the party ofcourse ;)
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.
Aprovechando el claro ciclo alcista de monero junto al resto de criptomonedas, buscamos una ganancia potencial del 10% en corto plazo con una compra de monero en 86-86.5$, un stop loss en 69$ que no debería ocurrir por tendencia y dos posibles escenarios según nuestra aversión al riesgo:
A) Venta del 85% de XMR al llegar a 94.9$ dejando el 15% correr las...
Traders,
As we can see, XMR and BTC continue to trade with a high degree of correlation along with the rest of the crypto market. All that differs is the percentage of change. Monero is more volatile, so expect higher percentages of drops and rises as we see this play out.
There is a short-term downtrend as drawn by the channel lines, with some support at the...
