In this video we are trying to answer the question of why after a very stong move up (circa 165%) Monero is having a pull back. From what i see in the charts a B seems to be forming of a Gartley pattern at 61.8 fib level. If this is the case we will get a C in the region of 23.6 fib level before a move up to D at 78.6. This is still very early so I'll update as...
XMR VS EUR had a big drop in the last couple of days following BTC and the market in general. The support line of a general downtrend is still intact though. Will this bounce the one that inverts the trend? I have some doubt as the MACD still negative and volume low. Many sold theyr coins during the fall and are not confident enough to enter long again. I'm wating...
Hi all, Seems XMR/EUR it's going to correct after touch the big wave nr. 5 at 1h time frame. A small correction will be in the next couple of hours. Please fell free to write what you think. Thanks! Good thoughts!
I remember when it was at 16 Mh total. The primary evidence of ASICs would be a dramatic decrease in output from non-ASIC hardware (due to difficulty rising disproportionately with price). In the past year difficulty has increased by 13x (source: chainradar.com 1 year chart) and price has increased by 19x (source: coinmarketcap.com 1 year chart) while the block...
Other cryptos are hanging well too after the crash. Good risk to reward here.
I think that the XMR will be uptrend in the following days because the price is getting over the Ichimoku Kumo cloud on a daily basis.
In line with the expectations for Monero/Dollar anticipate a move above 370 after a retrace below the 300 level. Given the marketstructure the retrace might even go to 250. Look for swelling volume as an early indicator or the next wave up. For now volume is drying up, so expect more downside first.
Monero is interesting right now. Weve completed a 61% retracement of the big breakout. But we have rallied back to resistance. There is a lot of competition from other privacy coins and the upcoming BTC fork of BTC private might kill the privacy coin market dead. Interesting times? What do you guys think of the 'Prvacy COIN' market?
In two days around christmas XMREUR went on a crazy 100% swing, but the MACD on the daily crossed hinting at further weakness. Together with most cryptos (BTC, REP) XMR corrected violently to its 62% Fibonacci level computed from the pre-christmas advance The bounce on 62% fib is much lower that the lower boilinger band, the MACD is still showing weakness, so I...
Although it's on an up trend right now, there are several resistance lines that need to be crossed.
To me it looks like a head and shoulder pattern is about to complete.
Potential break of downtrend
Like all of crypto we will see massive pullbacks