Using my script who give me these bottoms and configured it to give an alert when an gain of 5% is done. It's working well. No new alert for today, I'm waiting for a new bottom to buy again. Much of 5% was done during this period but previous red market stop me to try more!
pretty sure we will dump more and have a recovery, after that... hell
www.youtube.com
We broke the oblique support a few days ago... The current environment and BTC health let think that XMR could reach its next support around 79$ Better thing to do is to wait =)
Monero has completed a bullish BAT at 88.6 which also happens to be weekly S2. In this case I am using the smaller BAT to trade the CD leg of two Gartley patterns (one smaller one larger). R:R on the smaller Gartley (trading the C D leg) is around 8:1 and for the bigger Gartley (trading the C D Leg) is almost 14:1 Lets see how things play out.
As you can see, XMR is forming a very good structure for pumping ... Some entries @156.56 and 134.21 could be judicious. Patience is key to make profit ;)
Technical analysis: . MONERO/EURO is in a Down Trend and Beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 45. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (132.0 to 116.0). if so, traders can set orders based on...
Technical analysis: . MONERO/EURO is in a Down Trend and Beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 45. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (132.0 to 116.0). if so, traders can set orders based on...
I don't know if this makes any sense nor is it precisely drawn, but I like the pattern. It reminds me on chart, posted by @Ero23. It tells me "buy now, set stop loss at 115 and forget it for about a month". Writing this, I've just bought some @214.19. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Overall symetrical Triangle / Wedge Pattern, recent Pennant Pattern. Potential breakout. 200 SMA Uptrend, although recent negative golden Cross with 50 SMA downtrend. Bullish confirmation on high volume needed. Long on breakout.
Wave 5 of Wave C of Wave B yet to come. After this Wave C of the corrective move ABC starts. Short entry around 227 euros Target around 200 euros.
It seems C has finally formed on Monero. If this is correct then we are looking at getting in to take advantage of price moving up to D (78.6%) which will complete the Gartley pattern. I have been long for some time (was painful 3 weeks watching price go lower / side ways) but we have some really positive price action now including today BIG green bar. I will...
XMR did a nice move. Possible entry point after retrace to marked level between 166 and 173 EUR. If there will be no retrace ... well, we'll catch trade opportunity sometime in the future. Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
A pump dump was detected with 17% increase and btc increased only 3% so we can make a short position and expect at least 14% drop in a week or so.