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ath volume on binance for xmr, building up steadily for a year+ - doesn't appear parabolic yet for exhaustion on at least large tf
hugging 100 level above and below at times today and - sign of resistance weakness
100 level was touched 4+ times on yearly
broke both 2020-2 and 2019-8 highs today on volume for year ath, unbroken is the 2019-6
this completed forming...
* bottom of channel reached
* pendant break
* obv volume breakout
* rsi breakout
* not a centralized premined scam
* #1 by development (github) and peak use (bitcoin visuals block size)
Ascending triangle - should be near the bottom of the channel depending on which one plays out : Higher lows + flat top. Had highest close today with H printing on volume for significant volume. Might get another low, might not, but I added to my long on the pullback after the high. Top of channel should be around $40 near S4 on monthly as ultimate target. This...
I do not think we're in a bubble yet. Above >2000usd, be careful, This might take a while to resolve but few reasons to dip lower than lots of existing price history below $1300. Bear wolf wave target ~700 usd, largest bullish bubble target ~ 40k usd. In log scale % scale should be ~same between the channel lines, difficult to be bearish at this point. The pattern...
Possible C&H or ascending triangle on breakout upward, risk of double top on break down from channel. Watching bottom trendline while keeping in mind crazy volatility if btc has strong moves. Market takes a while to react to btc moves as most volume is in xmr/btc pair. Looks pretty stable so far so I have a small long on spot going from bottom of...
fundamentals are twitter.com
position still shows strong momentum up, ath is at $50, on hourlies there's clear ascending triangle / flat top pendant, target at 20, 30, and 50. Trade is high leverage 16x, risk is 1% of bag. I have several positions opened minutes after the news and later, I drew two.
ranging value, uptrend started from the bottom, volume shows H for high, rsi/obvrsi breakouts.
Just saw how much is cooking for bitshares
1000 transactions per second with verification (most in crypto), 100k possible in future. bitshares.org
3rd most used blockchain:
BTC: ~250k (www.quandl.com)
rsi trend holding, goign to tap it again, obv still at highs on 4hr/daily/3d. okc causing last minute panic before closing down for months, west already taken over. this channel outlived its use, C&H developing, higher lows = bull. if we get lower low = bear trend begins.
high risk spot long, don't listen to me.
still one of only few crypto applications with a product out
higher high and higher lows got my attention.
price breakout is confirm.
hard fork to remove 90% of powerup time and 90% of inflation was a good step to making this a viable decentralized reddit.
with inflation under control 9%-<1%/year, the tokens value is...
The expanding wedge often returns to the base, which would break the trendline, and likely force a descent to the lower support level and trendline for accumulation following btc type profile. Fundamentally XMR is probably the strongest altcoin, but with bullish BTC, many traders needed for growth are not there.
new major version is out, checked the chart, looks like good entry with easy escape path. target could go higher.
volume is low enough to stay independent from btc.
don't listen to me, I don't know anything.
Longing this with btc at 1broker. I think a tight stop here is good for good R/R. Could break out this bounce, maybe next. Stop below monthly pivot & the support level there, several targets marked based on pivots closest to triangle scaling, flag scaling, and wedge scaling.
While btc is superbull, and many alts are hurt by traders, trying to trade btc elsewhere. Found this on simplefx to hopefully get some more btc. I think it's a stock in Japan lol. Could be great while volatility is high.
Reasons for long: bounce of the 50%, macd bull divs in descending wedge suggesting bottom soon, 70 period stoch >0.5, fast stoch crossing 0.2 up, wilfix bottom, adx increasing, oversold on rsi, trend line hit for ramp up, volume dropping off - looking for spike, squieze indicator showing near bottom, support from 200 ema, all hitting strong support at 140-150 we...