Monero is in the middle of a correction that is almost completed. If the long term rising trendline holds i'm expecting a new wave to the uspide. A strong breakout of the rising trendline invalidates this setup.
If trend line and horizontal support can hold we might move up a bit. Long term (ie weeks), if we can break .004 or so convincingly, we might hit the ridiculous 0085-01 level.
This may have power to run to 0.007. Wait for confirmation before you go long! I believe this will explode in the next couple of days (more analysis later)
The Monero bear market appears to be over, and the bull is back. First target is 0.00265 at prior resistance.
This is an update to my XMR downtrend chart. The bearish daily downtrend has expired, and we see that there is a low in place, matching an area of low volume profile support (refer to Tim West's charts to learn more about this time at mode technique). The other bullish signals are a daily time at mode uptrend signal that lasts until May 26, but which has already...
Was looking at altcoins and stumbled upon this chart, showing us a very bearish RgMov moving ahead of price. I can obtain a time and price target from this chart, which is represented by the triangle and the arrow showing the trayectory and trend starting point. Pattern traders will recognize a Head and Shoulders formation at the top of this rally, with notable...