Interesting data. This pair has been bleeding for months and suddenly it rebounds with some SERIOUS volume! I haven't seen anything like this.
This is a great sign for Monero I think. A lot of people made a LOT of money off of Ethereum the past couple years. Naturally, when you make money your next goal (after the hookers/cocaine honeymoon period wears off) is...
Technical analysis:
. MONERO/ETHEREUM 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 resistance.
. The RSI is at 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.3150 to 0.2940). if so, traders can set orders based on Price...
Technical analysis:
. MONERO/ETHEREUM 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 resistance.
. The RSI is at 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.3173 to 0.2814). if so, traders can set orders based on Price...
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:
. The price is above the 21-Day WEMA which acts as a dynamic support.
. Relative strength index ( RSI ) is 55.
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume....
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:
. The price is above the 21-Day WEMA which acts as a dynamic support.
. Relative strength index ( RSI ) is 55.
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume....
Technical analysis:
. MONERO/DOLLAR 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.
. The RSI is at 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.283 to 0.227). if so, traders can set orders based on Price Action and...
Technical analysis:
. MONERO/DOLLAR 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.
. The RSI is at 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.283 to 0.227). if so, traders can set orders based on Price Action and...
XMR making a similar albeit not exact pattern to November of 2017. The leading indicator I am looking at is the leveling price on the 0 fib level + the bullish divergence in RSI. As you can see in November/December of 2017 XMR rose all the way to the 78.6% fib level before taking a break and then making another move upwards towards the 161.8% level. I don't think...
Technical analysis:
MONERO/ETHEREUM is in an Up Trend and Continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 70.
Trading suggestion:
The price is in an up trend and we forecast, the uptrend will continue.
But there is possibility of temporary retracement to suggested support zone (0.283...
