Monero (XMR) is getting ready for a major consolidation.
Monero. The most anonymous cryptocurrency in the market.
The XMR-token has been in an uptrend for several months now.
but that's about to change as of now...
1. the 5-way uptrend is very well known bullish movement. the fifth bull move is the biggest as we can see on the chart.
most of the times if we see this pattern, it's followed by an ABC downtrend. (a healty but pretty big and long term consolidation).
2. the highest candlestick has an erormous wick on the upside which shows us there is a downtrend on the way.
3. if the consolidation starts you can be pretty sure it will be for at least 40-50%.
hints:
- If holding XMR => sell ASAP
- Buy-in at around 150-180 USD
possible patterns showing a market reversal (down => up)
1. rounded bottom
2. a candle that opens/hits the lowest point and closes on the high of the previous candle (1-day candles)
if you liked/agreed this post then please give it a thumbs up,
if you have any questions then please leave a comment. all suggestions are welcome!
with profitable regards,
Perspect
The XMR-token has been in an uptrend for several months now.
but that's about to change as of now...
1. the 5-way uptrend is very well known bullish movement. the fifth bull move is the biggest as we can see on the chart.
most of the times if we see this pattern, it's followed by an ABC downtrend. (a healty but pretty big and long term consolidation).
2. the highest candlestick has an erormous wick on the upside which shows us there is a downtrend on the way.
3. if the consolidation starts you can be pretty sure it will be for at least 40-50%.
hints:
- If holding XMR => sell ASAP
- Buy-in at around 150-180 USD
possible patterns showing a market reversal (down => up)
1. rounded bottom
2. a candle that opens/hits the lowest point and closes on the high of the previous candle (1-day candles)
if you liked/agreed this post then please give it a thumbs up,
if you have any questions then please leave a comment. all suggestions are welcome!
with profitable regards,
Perspect
the posibble buying are was touched in a short window of time..
whoever had a buy order at around 160$ made a good buy.