7th August 2022 XMR is still going great guns, having stayed above 0.0066 for some time now. She hit a high of 0.0073 and is currently trading at 0.007115 The Ichimoku Cloud is still green head and climbing. The TD count hit a perfected 9 and this new candle was initially red but has turned green. The TK cross turned positive on the 9th July and is still...
XMR running higher against BTC since February. Long string of higher lows disrupted in one spot slightly, but still on track!
Cup and Handle Pattern is Developing on the XMRBTC chart Not perfect alignment but lots of pressure to the upside Lets see this breakout beyond expectations XMR has the street cred and the fundamentals to regain the top 5 from current 29 Privacy is undervalued.
This chart shows a breakout of the XMR Monero price relative to the Bitcoin price from a long run bear trend. The relative price now is also above the 21 month EMA. This is not an XMR buy signal necessarily but a clue as to relative strength.
If you would, you would be selling BTC and buying XMR! It's an inverted chart. It looks a bit like most assets markets did 6 months ago, and I thought flipping the chart would make it easier to see. Maybe we have a fundamental reason to care about private transactions during these weird times? Or perhaps just a timing coincidence. The fork is also August...
If we duplicate the rest of the current corrective cycle through the bars pattern with similar geometry, it breaks out of the 5 year resistance! Not saying it will happen but it is intriguing. Similar ideas have worked. Additionally, it looks like we could still face 20% downside against BTC before the potential resistance break. What do you think? Will the XMR 5...
After out performing BTC,XMR has finally lost dominance. A Head and shoulder has been formed and the principle of Buying low and Selling high demand that we wait for a pull back/retest before taking up any more short positions.
Monero is a classic within the cryptocurrency market and we have a great chart on this pair; Extremely bullish. This is the weekly timeframe for XMRBTC (Monero vs Bitcoin). Notice the triangle, the upper down-trendline has been broken. XMRBTC is trading above EMA50 and EMA100 weekly, this signal here is 7x stronger than on the daily timeframe. The RSI is also...
Here we have mutliple years of data for Monero vs Bitcoin (XMRBTC). Let's read the chart. We have a bullish bias based on the fact that a low was set in December 2020 that has never been tested again. We see a consolidation pattern forming, lower highs and higher lows... This will lead to a pressure point where a break will occur. We also have a cup & handle...
Quick Idea. "Monerun", or coordinated mass withdrawals, clearly hit exchanges where it hurt. Monero quickly began to outperform the market during the week of the event. A retrace is expected, although many thought we would surpass $300 before seeing it, hindsight is 20/20 and it's clear this IS the retrace. This could prove to be a great place to buy in if...
There's a nice and ominous fractal on the XMRBTC chart from way back in the beginning of it's price history in 2014... Let's see if i jinxed it!
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The recent crypto melt down has not changed my call on Monero relative to BTC. I have been shaken out of my position and I already regret it. The long term outperformance of XMR relative to bitcoin is still valid. The downturn only provided a strong backtest of the breakout. PRESENTLY THIS IS A NO BRAINER !
To Zero, Strong sell this Target is $1.50. Not financial advice
Price crated an N wave on the 4hr timeframe price is below the Kumo which is a bear market. Price is also rejecting off the fractal order block, take profit is marked by the Fib extension tool.
The reasons because I took a decent position in Monero are the following: 1 never before in history has privacy been under attack globally 2 people need privacy not only if they are evil (they need it especially if they are good intentioned ;o) 3 monero has some interesting protocol upgrade coming, that will make it more private and more scalable 4 xmr has been...
Monroe has broken a long-term trend in its weekly chart and is recording a pullback to it. If the upward trend of the downtrend is stabilized and reversed, good growth is expected. I hope you find this analysis useful🌹 Follow for more... #DYOR
Following this move upside now trading the downside. Setup is pretty simple, as detailed in the chart, and straightforward. You can short now or wait for a rebound which isn't really garantueed to happen, and close at the previous highs of the previous pumps waiting for a potential rebound (to short again, check ZECBTC recent for a better picture). GL