Monero/USD is trading still above 38% Fib retracement but was much lower during the Christmas holidays. Demand is still strong but we can officially announce a bear market beginning. We will monitor very carefully what's going on next couple of weeks.
My first quick glance at Monero (XMR), shows a 510% increase after the bullish pennant comes to completion and the new rally begins. Long term (60 day) target is $2100, or just over 500% from today's value.
Oke so we see the yellow line, follow the instructions that i gave! I am sure that we will see a correction soon like al already told you at me technical analyses before! XMR will go back to 180$ at it lowest, but first we will see smaller correctionss to a higer point than 180$ BTW > This is no FUD! This is a normall way of how the market is moving for the past...
Hey guys, wanted to share this idea with you. Monero seems like a good long-term investment to me because of its anonymity and the talks around it being listed on coinbase next year. Furthermore,although there is a strong up trend, the MACD looks good and the next correction seems to be far away. Have a good day! Sven
WE SEE THAT THERE ARE 2 RESISTNCE LEVELS AND WE CAN SEE THE CHANNEL. THE TREND IS GOING UP SO THAT MEANS WE WILL HIT THE FIRST YELLOW LINE SOON. HOPEFULLY WE WILL BREAK IT AND CONTINUE WITH FOLLOWING THE TREND! ONCE WE WON'T WE WILL SEE A CORRECTION IN THE PRICE! BUT WE WILL SEE A TAKE OF WHEN WE BREAK THE FIRST AND 2ND YELLOW LINE! WATCH IT CAREFULLY
Fib based constructed ASC triangle long @ 285 I'd short @ 75% @410 and the rest @415 The next long would be between 240 and 250 SL would be set @ ~450 As said in the chart I'm constantly playing around with geometric construction and the harnessing of different pivot points. Be kind to a creative newb... and don't use this as an advice,
With BTC correcting from its ATH, investors are taking profit and entering into the altcoin market. XMR demonstrates a bullish flag formation and is currently breaking out of the descending channel. Target: $328
MONERO IS DOING THE SAME PATTERN THAN IOTA. WE JUST HAVE TO WAIT AT THE BOTTOM OF THE PATTERN FOR A CLEAR PRICE ACTION AND BUY. REMEMBER: IF WE DON'T SEE CLEAR PRICE ACTION WE JUST DON'T BUY, MAKE IT SIMPLE.
AI signal XMR Indicator: Price touched support. Spike in buy volume. Positive social sentiment. Signal: Likelihood of price increase: 75%
Monero looks set to hit $279 in the next week or two (max). This target is based on a Fib retracement drawn using the H1 (High 1) to L1 (Low 1) range. The spikes preceding S4 (S1-S3) have all indicated a higher high soon to come, each retracing back to a support level established on the way up to each new high. I predict S4 to fall back and consolidate at approx...
Chart says the trade You can buy at Buying Area or wait for confirmation to buy it's your call. Good luck ;)
Monero looking like a very nice long position right now, puling out of consolidation phase and presenting some new signs of additional volume out of the channel. Watch these Fib levels closely, but looks to me like this would be a very nice time to go long. Entry at the long position position, but be aware of possible bear traps as always. Happy trading!
Explanation on the Fibonacci levels on the graph: -Wave 2 retraced 38.2% of wave 1, meaning it is likely the fourth wave will retrace at least 38.2% of wave 3. I suspect it will be 50%, but if it does go to 61.8%, then lots of profit will be made. -Wave 3 hit a perfect 1:1 Fibonacci extension of wave 1 to 2. This ideal extension is what gives me the price target...
looks like a textbook cup and handle primed to go. monero is historically the least correlated coin to btc.
Tom Demark count gave a green 2 on the daily chart. This is a clear buy signal. I expect up to 7 days of bull run. Here is my trading idea: Long at: 121 Take profit at: 148 Stop loss: 110