Here is very simple, made it a while ago, so not gonna move my zones, Cup finished its formation prior to fork news. Further fork delayed to 30th April and market drop pushed XMR deeper than my previous buy zone. Nevertheless we are still there. For cautious trades, i would enter on the breakout. Risk and reward question. Careful with BTC movement
Strong developments with the Hardware wallet, ring size reduction, ASIC resistance, privacy and a renewed interest among investors and even banks in privacy oriented technologies.
www.investinblockchain.com Hard forks have something of a bad reputation. On the surface they’re little more than blockchain project updates, the equivalent of a new version release. But because of events like the Bitcoin/Bitcoin Cash split, whenever uninformed crypto investors see a hard fork ahead, they enter panic mode. Hard forks are normal, healthy events...
Technical analysis: MONERO/ETHEREUM is in an Up Trend and Continuation of up trend is expected. The price is above the 21-Day WEMA which acts as a dynamic support. The RSI is at 70. Trading suggestion: The price is in an up trend and we forecast, the uptrend will continue. But there is possibility of temporary retracement to suggested support zone (0.283...
Very interesting trade. Curious to see how it plays out. Daily and 2 hour chart shown. Entry targets and stop levels shown on chart. If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Different data shown. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk!
XMR seems to be hanging very well in this channel, if plays out we should see 400%+ in under 2 months.
Looks a H&S forming and more downside to yellow box for buying
XMR going for the 0.30ETH. Has good support at 1 fibb level and going for the resistance at 0.786 fibb.
Monero is showing new highs and strong interest through increased volume, putting this coin back at the top of my watchlist. Traders taking notes took profit above 470 on December 20th (see related idea ), hopefully reclaiming those liquidated shares on the monstrous wick created in the midst of the Bitcoin pullback just two days later (I bought everything I...
Swing trading opportunity possibly. XMR looks to be tumbling (as everything is). Could get in a nice position to get a nice return.