BTC is pulling these large cap alts higher, but many of them are hitting resistance right now. This strategy could probably be copy/pasted to a few others.
Buy the breakout of this falling wedge / bull flag, or wait for a retest of support.
Bullish MACD cross on 4hr TF may indicate a breakout... We'll see :)
XMRUSDT is testing the ascending scallop.
If the price will break the parabola and break the daily support According to Plancton's strategy, we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h...
Today we will look at the well-known cryptocurrency - Monero. If you compare Monero chart with the charts of other cryptocurrencies, you can observe one absolutely fundamental difference. What is that?
Monero is currently at its peak since the March declines. If you look at other cryptocurrencies, for example, DeFi projects have generally fallen by...
NOTE: NOT A FINANCIAL ADVICE TO BUY/LONG or SELL/SHORT
First Technical Analysis on this pair
The Price is very over extended from the moving average indicating that the it's very overbought and soon come to lower prices. The Green Horizontal Trend Line are the important support levels in...
Monero - Short term
We look to Sell at 133.4 (stop at 136.1)
147.4 has been pivotal.
Bespoke resistance is located at 134.0.
We look to sell rallies.
The RSI is trending lower. Our outlook is bearish.
Our profit targets will be 124.8 and 118.4
Resistance: 126.0 / 129.0 / 133.0
Support: 124.0 / 121.0 / 117.5
XMR has completed the measured move from the breakout of the consolidation box.
This also lines up perfectly with a fairly major resistance level from back in June/July 2019 and September/Oct 2018
I don't expect XMR to crash, it will probably go sideways before breakout.
If XMR can break $120 and hold support, I would expect a move to $200-215.
I really don't understand why monero is so bullish but we can see RSI divergence and probably monero is doing some wave a, b,c or a, b, c, d and e. For the divergence probably can try fix it going to point b and try to go higher again that would be C and fall down or try to break the higher price ever and be rejected by this price that would be the wave E and goes down.
Guys I'm watching Monero for a long time waiting for short this, Bulls and Bears are really fighting the range between 133 and 124, in the last BTC running Monero pumped also but I thought that could goes really higher but had not power. I left a order in 135 and it was trigged in the last stick, this is the second huge rejected stick. All say that this will go to...