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Xmrusdshort

XMRUSD to increase by >20% if BTC remains stableMonero is on a downwards trend for the moment, however a reversal is just around the corner based on TA. Also, Fibonacci retracement shows a perfect match in the past, showing that the swings between the 2 support and resistance lines were indeed a valid trend. For the moment, XMR is testing the support, if it breaks it, it might continue to go down, but it wont be an aggressive move. On the other hand, bouncing back up will show that the lower support has a lot of strength and the price can shift to higher grounds for some weeks on. Let me know if you think Monero's technology is bettar than BTC's?
BITFINEX:XMRUSDLong
by TotoParasca
2
XMRUSD (Monero) 4hr tf analysisThe downtrend in price of Monero (XMRUSD) from ~$373.69 on March 5,2018 to ~$186.32 on March 18, 2018 is identified in this analysis as a minor wave A position. Monero is therefore currently in a minor wave B position that has not terminated yet. The target area ($242.89 and $254.38) marked on the chart indicates the potential region of termination of Minor wave B. Minor wave C is expected to move downwards from the target area to complete a 3 wave (zigzag) Elliott wave structure. The implies lower prices for Monero (XMRUSD). The least projection for the termination point of minor wave C is ~ $163.97, with $52.87 also a possibility for minor wave C to terminate Point of invalidation (POI) of this analysis (not shown in this chart) is Monero closing below ~$149.93 instead of going back to the target area indicated on the chart.
BITFINEX:XMRUSD
by Coin_Analyst