ANALYSIS 🔎
- XMRUSDT was resisted by the descending trendline resistance.
- Price brokeout above the descending trendline resistance.
- Price then retraced to the key fibonacci retracement levels (0.5 - 0.618 - 0.786).
- The retracement is bounded in the bullish flag pattern.
- There's an uptrend potential.
BUY ENTRY ⬆️
- Breakout above the bullish flag's...
ANALYSIS 🔎
- XMRUSDT printed a falling wedge pattern.
- A falling wedge pattern is a bullish reversal pattern.
- Price brokeout above the falling wedge's resistance.
- Price action is printing a double bottom.
- This is also a trend reversal pattern.
- Price is testing the neckline resistance.
- There's a breakout potential.
BUY ENTRY ⬆️
- Breakout above the...
Monero is in a long term downtrend vs BTC. It's become sharper as BTC reaches new ATH, it could continue.
The bounce back could be aggressive, but won't reach previous ATH.
When BTC reaches $100k, XMR could represent 2% of that value or $2k per XMR.
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (136.4).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XMRUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
XMRUSDT has been supported by a parabolic trendline since mid - March.
RSI is printing a bearish divergence signal.
Price is testing the parabolic support.
Bullish ⬆️ - Bounce off the parabolic support.
Bearish ⬇️ - breakdown below the parabolic support.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (120.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Monero/Euro XMR/EUR in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
Midterm forecast:
While the price is above the support 0.00600, beginning of uptrend is expected.
We make sure when the resistance at 0.00815 breaks.
If the support at 0.00600 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 0.0064 on 2020-11-21 and the...
Microsot's company’s intelligence team said a group called BISMUTH hit government targets in France and Vietnam with monero (XMR, -0.42%) mining trojans this summer.
BISMUTH is leveraging cryptocurrency miners to stay under the radar and establish persistence in targeted networks. BISMUTH is running increasingly complex cyber espionage attacks as early as 2012,...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0073). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Monero/Bitcoin XMRBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00967). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XMRBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
Impulse end, we are going down. Wave A what looks to be a leading diagonal. Look it up. One Fib Target in red, and none of this is financial advice. Godspeed
Second Chance Trade Setup summary:
Profit targets = 449% = {TP5= 20% + TP6= 37% + TP7= 67% + TP8= 128% + TP9= 197%}
Stop Loss = 20%
Reward/Risk > 22.5 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (100.50) again.
if so, traders can set orders based on Price Action and expect to reach...
Lower lows, beginning of impulse wave identified. Does not look like a corrective pattern. NFA.
I have identified nice points on the Fib Extension.
Anyways, I am longing this one once again.
I will be following this space closely.
Midterm forecast:
While the price is above the support 26.05, beginning of uptrend is expected.
We make sure when the resistance at 68.20 breaks.
If the support at 26.05 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 67.79 on 05/18/2020, so more losses to support(s) 60.05,...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (60.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XMRUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (79.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XMRUSD is in a uptrend and the Continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00825). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XMRBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support....
