Midterm forecast: 98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 74. New trading suggestion: *There is still a possibility of temporary retracement to...
Midterm forecast: 98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 74. New trading suggestion: *There is still a possibility of temporary retracement to...
Welcome back! Today I wanted to go over one of the large caps because they are the ones that lead the market. XMR is a great long term cycle because it has proven itself with Bitcoins bear cycles previously. I like this set up for a couple reasons... First off, we have a very strong trend that went uber parabolic in the last cycle. This created a 1,3,5 Elliott...
Midterm forecast: While the price is above the support 38.50, beginning of uptrend is expected. We make sure when the resistance at 76.30 breaks. If the support at 38.50 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is above...
Midterm forecast: While the price is above the support 38.50, beginning of uptrend is expected. We make sure when the resistance at 76.30 breaks. If the support at 38.50 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is above...
Midterm forecast: While the price is above the support 38.50, beginning of uptrend is expected. We make sure when the resistance at 76.30 breaks. If the support at 38.50 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: While the RSI support line #1 is not broken, bullish wave in price would continue. Price is above...
monero massive head and shoulders formation. if bitcoin heads to 1800$ we could see this coin bottom out. i don't think the bears are done just yet.
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. The price is above the 21-Day WEMA which acts as a dynamic support. Relative strength index (RSI) is 50. New trading suggestion: ...
Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. The price is above the 21-Day WEMA which acts as a dynamic support. Relative strength index (RSI) is 50. New trading suggestion: The price is in a range bound and we forecast the uptrend would resume. There is still a possibility of temporary retracement to...
Technical analysis: . MONERO/DOLLAR is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 39. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of...
Technical analysis: . MONERO/DOLLAR is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 39. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of...
Technical analysis: . MONERO/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 46. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is still a possibility...
Technical analysis: . MONERO/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 46. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is still a possibility...
Technical analysis: . MONERO/DOLLAR is in a range bound but the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 54. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . We have...
Technical analysis: . MONERO/DOLLAR is in a range bound but the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 54. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . We have...
Technical analysis: . MONERO/DOLLAR is in a Range Bound and Beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38 Trading suggestion: There is a possibility of temporary retracement to suggested support zone (196 to 153). if so, traders can set orders based on...
Technical analysis: . MONERO/DOLLAR is in a Range Bound and Beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38 Trading suggestion: There is a possibility of temporary retracement to suggested support zone (196 to 153). if so, traders can set orders based on...