Priceline of Monero / US Dollar has formed bullish shark and entered in potential reversal zone. RSI is oversold. Stochastic has given bull cross. I have used Fibonacci sequence to set the targets as below: Buy between: 79.020 to 74.088 Sell between: 83.276 to 92.993 Regards, Atif Akbar (moon333)
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (86.00). 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 (86.00). 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....
See my related idea below. I think Monero has the best fundamentals over any other crypto. Monero is one of the best crypto project. Low fee, untraceable, fungible, deflationary etc.. Monero is the real synonym of decentralization. Monero is what bitcoin was supposed to be in first hand, and it works. Do not miss your chance to grab some xmr at such price. (...
Midterm forecast: 98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 74. New trading suggestion: *There is still a possibility of temporary retracement to...
Midterm forecast: 98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 74. New trading suggestion: *There is still a possibility of temporary retracement to...
Welcome back! Today I wanted to go over one of the large caps because they are the ones that lead the market. XMR is a great long term cycle because it has proven itself with Bitcoins bear cycles previously. I like this set up for a couple reasons... First off, we have a very strong trend that went uber parabolic in the last cycle. This created a 1,3,5 Elliott...
Welcome Back! Today I am watching XMR for a potential breakout of a bull pennant. This pattern comes after a breakout of major descending resistance which signals the end of the bear market. Currently prices are tagging resistance of the pennant which is why I am waiting for confirmation one way or the other. For a bull break to occur the best entry will be the...
Midterm forecast: While the price is above the support 38.50, beginning of uptrend is expected. We make sure when the resistance at 76.30 breaks. If the support at 38.50 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is above...
On the daily chart, we crossed the 200 moving average line which is a positive sign for further gains on the Monro price, you can see that once the price touched a moving average, it fell but immediately Rose and bypassed the old price and this time broke the moving average 200, one more step forward confirming the strength of buyers and the high demand. From the...
Midterm forecast: While the price is above the support 38.50, beginning of uptrend is expected. We make sure when the resistance at 76.30 breaks. If the support at 38.50 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is above...
Midterm forecast: While the price is above the support 38.50, beginning of uptrend is expected. We make sure when the resistance at 76.30 breaks. If the support at 38.50 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI support line #1 is not broken, bullish wave in price would continue. Price is above...
2 targets exposed for XMR trading. Long accumulation zone. Bullish coming, BTC always has the last word.
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. The price is above the 21-Day WEMA which acts as a dynamic support. Relative strength index (RSI) is 50. New trading suggestion: ...
Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. The price is above the 21-Day WEMA which acts as a dynamic support. Relative strength index (RSI) is 50. New trading suggestion: The price is in a range bound and we forecast the uptrend would resume. There is still a possibility of temporary retracement to...
Technical analysis: . MONERO/DOLLAR is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 39. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of...
Technical analysis: . MONERO/DOLLAR is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 39. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of...