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XMRBTC

Happy birthday Monero!Coin of the day is Monero. Monero (XMR) is an open-source cryptocurrency created that focuses on privacy and decentralization that runs on Windows, macOS, Linux, Android, iOS, and FreeBSD. Monero aims to improve on existing cryptocurrency design by obscuring sender, recipient and amount of every transaction made as well as making the mining process more egalitarian. The focus on privacy has attracted use by people interested in privacy or even in evading law enforcement. The egalitarian mining process made it viable to distribute the mining effort opening new funding avenues for both legitimate online publishers and malicious hackers who covertly embed mining code into websites and apps. Monero is a popular coin for mining among mining pools and individual users, the team is constantly fighting against the monopoly on mining, which comes from ASIC producers. Latest News On April 6th, in an attempt to protect the cryptocurrency against ASIC miners, the altcoin’s developers completed the transfer to version 7 of Monero. The motivation behind the latest upgrade meanwhile lies with hardware manufacturer Bitmain. In March, the Chinese company announced a new product, the Antminer X3, which was specifically developed to mine Monero. Verge coin, one of Monero's rivals, lost a lot of value yesterday due to controversial news about the partnership with porn industry companies such as Pornhub. Despite the fact that this news is not bad but rather unusual, they clearly did not meet expectations of many traders. Also, today is the 4-year anniversary of Monero today! Technicals After 6th of April XMRBTC sagged below the 0.025 level and went into lateral movement. Today the was picked up with the rise in volumes and broke above the 100-days EMA, which was serving as a resistance lately. The growth stopped at the resistance zone 0.0285 - 0.03. A breakthrough above this zone will be a sign of further growth. 0.0276 level and 100-days EMA should play a supportive role in the bullish scenario.
Long
by DestinationMoonCrypto
2
#XMR - Buying a ticket to ride #BTC #Monero XMR/BTC // MONERO // BITCOIN I caught the short opportunity on the way down just a few weeks back. Decent gains. Still, I have been more interested in the sure-to-follow leg up. Looks like the time is near. I will enter a long position X.MR / B.TC. Entry will be in or around the bottom of the Kumo cloud Setting stop losses very tight - see chart. If triggered, I will reenter below after it settles down. A few notes on the setup: 1. Completed Ichimoku edge-to-edge. See my previous post. This was the short opportunity. 2. C-Clamp is extreme. Strong sign of reversal. The Kijun and Tenkan have drifted quite far apart. No doubt this is a sign of reversal. Signs are not guarantees, but I like this one. 3. Weak bullish divergence. Can also identify a bearish divergence. Disregarding both (not shown, but found on shorter tf - 12 hour) 4. RSI is not bullish, but should act as confirmation of an uptrend once the midpoint is crossed. See X.MR histroically. Look at X.MR historic performance at the moment this point is breached. DYOR. Not financial advice. Good luck.
Long
by nycgrowler
XMR long. fundamentally the strongest crypto now & technicals ++on a fundamental level, xmr / xmrusd Monero just finished a successful hard fork that kicked ASICs off the network and secured an uninterrupted future without DDOS or spam attacks. background: A) all (until recently) monero compatible ASICs are all from one company, bitmain, the shadiest bunch in the cryptosphere. they put not just one, but 3 backdoors that we know of in their bitcoin mining equipment. one had a straight up "brick this device" function that could not just shut down mining hardware, but break it permanently. these people gaining 51% of the network would be catastrophic. B) Monero's encryption is also symmetric, not asymmetric, meaning it is easy to use ASICs to mine fake blocks and spam the network as a hostile act of sabotage. basically a way to DDOS the network. This is now impossible. ---------------------------------------------------------------------------------------- on a technical level, Monero has also shown tremendous strength and still is the one top crypto that had lost least since all time high. Most crypto is just for pump and dump schemes which are mostly only profitable for those with foreknowledge. Monero is different. Monero is the second or 3rd most actually **used** crypto. it's the only thing used when anonymity is wanted, it's the only way to make bitcoin, litecoin, ethereum ... fungible, i.e. interrupt a trace from address to address on a technical basis, Monero is in a falling wedge at the moment and bounced off the 200 day exponential
Long
by cryptostuffdude
MONERO: Bullish Divergence & Swing Position Entry? Monero has been moving sideways in a 30% equilibrium pattern since December 2018. This price movement is abnormal compared with other ALT Coin price actions since the beginning of the 2018 Bear Market. We are beginning to see Bullish Divergence on the RSI. The RSI is currently in the 40 range and beginning to move upwards. There could be a Bullish trade on the table. Of course, all Alts move in accordance with BTC. BTC health status should ALWAYS be your primary indicator before entering positions.
XLong
by BitInfo12
Short Break for Investors as Monero Price FreezesMonero looks somewhat better than LTC and NEO, but only due to the fact that the price is not contained by the nearest descending parallel channel. The buyers deserve no credit for this, however - XMR just fell out of it, without volumes or enthusiasm. The level of $160 seems to be a good aid for investors: the price has rebounded from it 3 times already, although the next storm in the Bitcoin Sea will have no trouble punching a few holes in this support. Now, as before, the bottom is at $150 - it’s enough to look at the chart and observe the powerful mirror level to confirm the truth of this. In case of descending to these depths, we expect a worthy response from the buyers, and encourage our readers to consider purchasing this asset. Check daily analysis HERE .
BITFINEX:XMRUSD
by UToday
XMR/BTC - TREND ANALYSISAS MONERO HAS BEEN PLUMETTING, QUESTION IS WILL IT GO DOWN MORE OR RECOVER? POSSIBLE MOVES (YELLOW LINES): 1. UPWARDS MOVE 2. CONSOLIDATION 3. DOWNWARDS MOVE ATM / STATUS: XMR SEEMS TO BE IN A STRONG SUPPORT AREA , LOOKING AT PREVIOUS AREAS OF SUPPORT, AND VPVR, WHY IT COULD CONSOLIDATE HERE FOR A WHILE, BUT ANY MOVE OUT OF THIS REGION WOULD BE IMPORTANT - IF A MOVE OUT OF THE CURRENT ZONE, WE ARE LOOKING AT A RISE TO PREVIOUS RESISTANCE, OR GOING DOWN TO NEXT SUPPORT LEVEL OTHER INDICATORS: BOTH MACD AND RSI SEEMS TO BE BOTTOMING OUT, BUT HAVENT TURNED AROUND INTO AN UPWARDS MOVE QUITE YET PREDICTION (LIGHT BLUE LINE): AS CURRENT AREA IS STRONG (PREVIOUS SUPPORT + VPVR), AND MACD+RSI LOOKING OVERSOLD AND SLOWLY TURNING AROUND FROM BOTTOM, I AM EXPECTING A SHORT CONSOLIDATION PERIOD FOLLOWED BY UPWARDS MOVE TO PREVIOUS RESISTANCE. DISCLAIMER: NOT FINANCIAL ADVICE, PURELY SPECULATION
X
by FlashGordCrypt
$XMR / BTC - TREND ANALYSIS AS MONERO HAS BEEN PLUMETTING, QUESTION IS WILL IT GO DOWN MORE OR RECOVER? AS PAINTED WITH YELLOW WE ARE LOOKING AT 3 OPTIONS: 1. UPWARDS MOVE 2. CONSOLIDATION 3. DOWNWARDS MOVE ATM / STATUS: XMR SEEMS TO BE IN A STRONG SUPPORT AREA, LOOKING AT PREVIOUS AREAS OF SUPPORT, AND VPVR, WHY IT COULD CONSOLIDATE HERE FOR A WHILE, BUT ANY MOVE OUT OF THIS REGION WOULD BE IMPORTANT - IF A MOVE OUT OF THE CURRENT ZONE, WE ARE LOOKING AT A RISE TO PREVIOUS RESISTANCE, OR GOING DOWN TO NEXT SUPPORT LEVEL OTHER INDICATORS: BOTH MACD AND RSI SEEMS TO BE BOTTOMING OUT, BUT HAVENT TURNED AROUND INTO AN UPWARDS MOVE QUITE YET PREDICTION: AS CURRENT AREA IS STRONG (PREVIOUS SUPPORT + VPVR), AND MACD+RSI LOOKING OVERSOLD AND SLOWLY TURNING AROUND FROM BOTTOM, I AM EXPECTING A SHORT CONSOLIDATION PERIOD FOLLOWED BY UPWARDS MOVE TO PREVIOUS RESISTANCE. DISCLAIMER: NOT FINANCIAL ADVICE, PURELY SPECULATION
X
by FlashGordCrypt