Monero is in the uptrend, similar to Bitcoin when it was trying to reach previous peaks (around 2900).
At the moment money is purring into Bitcoin due to all time highs and all media attention.
Other altcoins are waiting for their term to come, as it has been in the past.
Monero is one of the first ones, where trend is becoming clear.
It looks like short term...
Monero is coming up to a triangle situation between a current downtrend and an old uptrend. The downtrend is more steep then the uptrend, which indicates possible trend inversion. Also, a possible inverse head and shoulders pattern seems to be forming.
Fibonacci extention 1.6 and fibonacci timeframes indicate that we'll (probably) see 100€ at the End of this monh.
Monero plattform offers smilar services as like zerocash, so we can expect it to reach smilar valuations.
The only difference is the circulating supply, Zerocash has like 1.3 Million while Monera has > 100M..
Ichi on the 4 hour looks reasonable. HA is a buy, Stoch RSI turning up. Sort of triangle support going on.
Selling at the 50% fib and 0.618 if it gets there.
Tightish stop on this due to market volatility.
