Bearish cryptocoin sentiment is dragging monero downI like monero, it's basically the only cryptocoin who has a real life use on this particular moment. Governments will regulate cryptocurrency, this will create more demand for an anonymous cryptocoin. However, the whole market is still in a decline. I believe we will first see lower levels. Don't hope on a breakout yet.
Privacycoin
XZC Chart - Conversion of BTC and USD chartsApproaching critical support lines. Likely to form a steady consolidation and accumulation bowl like bottom before the next lage run up.
Whatch for trend line on $ chart. If that is broken downwards we will see a dip to the next FIB line.
PivX broke downtrend, found support and pushing for 300% move?After a downtrend lasting through most of 2017, Pivx recently broke through the daily cloud and also broke out from the long term resistance line. The retracement after the breakout move found support on the previous resistance, the 50% fib line and also bounced perfectly off the daily cloud. Not only this but it also bounced off the 200 day EMA nicely at the same time. The daily stochastic RSI is oversold and turning strongly upwards indicating that the trend is shifting direction.
I've marked some potential sell zones in red. This has the potential for a 300%+ move from it's current position.
As always, make sure you have a solid position management, judge your own risk/reward and set sensible stops.
Approaching the .618Twitter: @zcoinofficial tweeted this at January 04, 2018 at 02:59AM: twitter.com
Zcoin (@zcoinofficial)
The Zcoin $XZC team is working hard on our next release with a total Zerocoin recode with huge efficiency gains. We have fully functioning code and are privately bug testing it before release on testnet. Join our Discord for details! t.co #backendbeforefrontend
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I'm going to be taking a position around the .618 fib retracement.
Price is moving very slowly down, so I will be looking to catch a strong bounce off the fib perhaps coinciding with their next release.
Trade is kind of a no brainer when you look at the risk to reward profile.
The price could drop all the way to the All.Time.Low. and your Risk to Reward would STILL be above 2:1
This is purely a technical trade. I have no understanding of the fundamental value behind Zcoin.
XMR Market Cycles & 2018 Price Projection for MoneroWithin the 'Digital Currency' space there's often debate about "Use Cases & Real World Adoption".
Like it or not, the markets appetite for anonymity and private transactions has been fuelling this booming sector within the #CryptoEconomy and, as a whole, has also proven to be one of the most solid long-term investment in the space.
While there is a lot of competition in the world of "Privacy Coins", Monero has been able to position itself as a leader within this sector - many would argue "The Leader", which is why I consider XMR one of the very few "Blue Chip Tokens" currently in existence.
With that in mind (IMHO), overall growth for Crypto will by default result in money flowing towards Monero.
For more information about Monero go to:
getmonero.org
DarkNote, Digital Note, Privacy is HotThis is what I see XDN doing currently, leading up to the next big move up. What are your thoughts?
Trade with care.