Did you know that Proof of Work is the innovation in cryptocurrency?! It would appear some may have forgotten that POW was the first (and only) *decentralized solution the double spend problem. We here at LARP are developing a thesis that POW gets it's groove back over the next 1-2 years and Litecoin and Monero will be two of the biggest benefactors of such. The...
A price action above 145.85 supports a bullish trend direction.
Crossing below this level will negate the positive stance.
Remains between its 200-day and 200-week simple moving average. The 200-week might act as major support, whereas the 200-day might act as major resistance.
Starting to retract from the lower range of the Bollinger Bands.
Remains a very risky...
As a followup to my Ethereum BITFINEX:ETHUSD post yesterday Monero BITFINEX:XMRUSD is likewise confirming an Ichimoku breakout on the Daily timeframe.
Monero is the third coin I watch most closely following Bitcoin and Ethereum. I believe that its use case (privacy) is one of the strongest reasons for cryptocurrency and the coin has been well established...
Monthly chart says we are going to ATH's within the next 3-7 months (July Inclusive) and ultimately it suggests some beyond wild price targets.
3d chart provides much more detail (The Baptism of Fire):
We will be going over it all in the coming months. Especially the XMR/BTC Ratio. I wanted to create a separate published idea to update on Monero so this is...
Monero appears to be on a bearish trajectory towards the upper $140.00 area as the crypto market took a break from its aggressive recovery from last week. XMR tapped a high of $166.90 last week, where the price came into contact with my long-term bullish channel, prompting a correction.
That said, the privacy blockchain cryptocurrency is locked on touching the...
#Monero #XMR $XMR held the lower boundary of a 21-month rectangle (yellow) that will serve as the Handle for a massive C&H. The bull market has started. Prices head north. Target headed to $3,000+ over next couple of years
XMR has made a solid break on the weekly and looks to add to the momentum coming off the bottom of this massive sell off. The setup is pretty much the same as with JASMY and XTZ. This setup is actually stronger though as it has a weekly high volume (144 period POC) node way above it. Price is attracted to volume more times than not; so this adds to the...
Falling Wedge idea
The first falling wedge led to a breakout
Currently we are in a second falling wedge which may lead to another breakout, around the .786 Fibonacci level
I think the technical structure of XMRUSD is very good, forming a long term ascending triangle. The fundamentals are great in my opinion. Monero-chan is cute.
![XMRUSD: [XMR] 15min Cup & Handle](https://s3.tradingview.com/r/RY4Yh5NW_mid.png "[XMR] 15min Cup & Handle")
