If it breaks resistance which has been strong, we can go long. I personally believe it will break after bitcoin has relaxed a bit. First targets to take profits are around the box area. Also double bottom is not the prettiest but the neckline just lines up with resistance line. Trade once breakout is confirmed.
a first view after the aborted s2x bitcoin hard fork
CNo.003. Profit taking 1 = $135 Profit taking 2 = $155 Profit taking 3 = $210
Similar to LSK we have XMR heading into its final wave of its Elliott sequence. Target will be around $250
we see a breakout with a rising wedge to a possible breakout. we will see
New trading opportunity for Monero. The price is at a possible reversal zone formed by the uptrend line, 85.00 support level and Kijun line of Ichimoku indicator. Profit target is 100.00 level.
A few of you have requested for an update on MONERO, so the chart shows the Fibonacci support that I have identified in my analysis. Hope that helps. Sean Vengan 10+ Years Professional Trader and Trading Educator REALITIES IN TRADING: In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading. We protect our capital with stop...
We've already seen Fibo 0.23. The question is whether the consolidation at Fibo 0.38 has been completed. According to the trend lines, Fibo 0.23 could be tested again before it goes up. New trend channels and a new basic trend line (black) can be seen in principle. If we fall under Fibo 0.23 (70 USD), the whole situation must be re-evaluated. Therefore currently I...
Following on from an earlier Idea - Monero broke it's horizontal channel to the downside, but has so far found some support at the 78.6% fib retracement level ($80-82) from the August high. Buying still seems quite weak so I expect it to keep testing this support. If it breaks this with strength we could see price fall quickly to around $60-65. Normally I would...
Monero is currently in a large flag pattern on the daily chart as well as a tighter one on the 4hr. It is also in a relatively flat parallel channel. I will be looking to enter a long trade on a strong break of the channel or a close to the upside, and similarly looking at a short with similar requirements to the downside. I will assess appropriate levels for...
Monero is in a trend channel which is slighlty negative. Support is near at Fibb 23,6% (which is not a strong fibb retracement!). So it could fall a llitle bit under his line and climb afterwards (see trend channel). But we´re talking of a big chance for rising pirces in short time from about 83$ to 103$ = 24%. And if the hype about btc and its hardforks will...
We are already triggered on Long trade in Monero. Here we are adding to our existing long position - all parameters stay the same. Sean Vengan 10+ Years Professional Trader and Trading Educator REALITIES IN TRADING: In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading. We protect our capital with stop losses. Our winning...
MONERO close small rise / in long-term - down My opinion in connection with the features of the coin
We have a Long setup on Monero. Irregular Flag pattern which is set to break out. We have defined our stop loss and entry is either now (my preference) or on confirmation of a breakout. Momentum is confirming an upwards move nicely. We are always on the scout for LOW RISK, HIGH REWARD trades. Succesful trades eat up losses and help our equity grow. That's how...
Resistance trend line broken above on 27.09.2017 and this means the first target should be at $107 and $120. Place a reasonable Stop Loss below $90. Get more details here:http://www.newsbtc.com/2017/09/27/altcoin-analysis-27-09-2017-neo-dash-iota-xmr-nem/ Don't hesitate to inbox me in-case you got a question to ask. Cheers.