Bounce off top range now that its broken the top range. Should break below bottom range down to previous support.
Trade is simple Entry 0.0137 Target 0.013 - 0.0127 Stop loss top 0.01399 Be safe guys.
Small div spotted. Is it enough to turn the downtrend around?
Trendline before the "bump and run" pattern (steeper trend off of previous trend, price returns to earlier trendline, likely dipping below it momentarily) is one target. Another is a butterfly (harmonic pattern) completion at 1.272 of XA. Monero could become a long candidate at either of those two levels, with some confirmation.
This is a highly risky trade because; sell volumes are still high and it can do a huge spike to 0.01256 So bottom could still be far from here Trade at your own risk. TA is clearly on chart. Any questions be sure to let me know.
According to this chart XMR could be headed to .2 territory in the next few months.
The four differently colored areas would appear to constitute a sequence that is repeated. possible movement at the top on the way?
Demonstrated here, we see Monero's tendency to make 76.4%, 61.8%, and 50% retracements from the tops. After a tremendous rally, this scenario assumes that the move under the 0.0185 BTC level has signaled the end of the rally and the start of a trend reversal. Drawing a fibbonaci retracement from the all time low to the high at .0185 BTC shows the the 1.272 level...
It would appear XMR has found bottom and is pushing back. Should it break this long standing trend line I would expect to see it push up through 1700 again.
With the fall of ETH (with will go to at least 1900 before go up again) and Monero new bullish trend, we will see it going moony. Open Long: 0.01530 Will take profits at: 0.01708 Stop limit at: 0.01500 Trade at your own risk. Last time a called short on XMR too early and got out with little loss but manage to get a top after. This time could be the same, this...
Temporal bottom has been found and correction it's coming, i think this can extend beyond 0.016 if proper volume comes along with pump, confirming secondary target. Stop loss 0.015 Primary target 0.016 Secondary 0.017 Be careful on this trade Traps are bound to be found it could wick out below 0.015
After ETH did crazy increase. It sort of deflated. Then increased a bit again, but never reached new ATH. Now this excact movement could be playing out in XMR. But tbh. it just may not. XMR may just go further down. Anyway, will be interesting to follow i guess. Have a nice day.
Bullish look at XMR, looks like it may have pivoted at ~0.0161. Site Note: If you want to use alerts as triggers for buy/sell on Poloniex, we're doing just that. CryptoView