XMR gave a breakout signal. Price will go up.Tom Demark count gave a green 2 on the daily chart. This is a clear buy signal.
I expect up to 7 days of bull run.
Here is my trading idea:
Long at: 121
Take profit at: 148
Stop loss: 110
Moneros
Monero consolidating recent gains. Monero
Recent Price: $113.70
Market Cap: $1,713,793
30-Day Return: 142.28%
Whitepaper: downloads.getmonero.org
Monero uses an innovative “Cryptonote” algorithm to ensure that transactions are private and untraceable. This means that transactions on the Monero blockchain cannot be linked to a particular user, something not many other cryptocurrencies can currently do in any significant capacity.
Between August 21st and August 26th, Monero nearly tripled from $50 to $150. Since then, coins have been holding on to gains and consolidating between $100 - $120.
