After last run up above 0.0044 we had a healthy correction to 0.0027 area wchich is 0.786 fib level and right in the middle of strong support range between 0.0031 and 0.0025. chart shows possible double bottom on 4h waiting to be confirmed. also RSI and stochastic seem running out of steam. the main trendline was slightly broken but overall bullish sentiment...
This may have power to run to 0.007.
Wait for confirmation before you go long!
I believe this will explode in the next couple of days (more analysis later)
It appears as if XMR and ETH are being slowly offloaded in tandem while BTC is pumped. Watch ETH for clues as to future XMR movement, and BTC for clues for ETH movement.
XMR is in an interesting juncture right now.
We have low volume profile support below at 0.001355, but the weekly signals are of a strong downtrend aiming for 0.000913 as first target, and 0.0007 as second one, by January 25, 2016 or earlier.
As long as price doesn't move above 0.001978, then this forecast is viable, and also validated by rgmov, which is in a 44...
Monero is breaking out of the downtrend, volume and bidside are still pretty low but in the past this has been proven to change during more volatile times.
3 day MACD turning green, the last time that happened was at the all time low, also 1 day EMA cross up and riding the upper daily BB.
There is also a rumor that a Finnish company is planning to convert their...
This is an update to my XMR downtrend chart.
The bearish daily downtrend has expired, and we see that there is a low in place, matching an area of low volume profile support (refer to Tim West's charts to learn more about this time at mode technique).
The other bullish signals are a daily time at mode uptrend signal that lasts until May 26, but which has already...
Was looking at altcoins and stumbled upon this chart, showing us a very bearish RgMov moving ahead of price.
I can obtain a time and price target from this chart, which is represented by the triangle and the arrow showing the trayectory and trend starting point.
Pattern traders will recognize a Head and Shoulders formation at the top of this rally, with notable...
