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XRM

XMR - The STRANGEST (and EASIEST!) Chart 🤔📉Hi Traders, Investors and Speculators of Charts📈 If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1. Monero / XMR is an altcoin that still has massive upside potential for the coming bull season. But when analyzing Monero, I came across something rather interesting or strange; unique to the XMR chart - the candles follow a perfect quadruplet set of diagonal support lines! Usually, and you may be more familiar with this, you will see horizontal support zones, for example: But on the XMR chart, the trendlines of both support and resistance are diagonal, rather than predominantly horizontal like most other charts. After finally identifying this interesting trend, we can now readily set buy/sell zones. For example: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:XMR BYBIT:XMRUSDT.P BINANCE:XMRUSDT KRAKEN:XMRUSD
Long
by CryptoCheck-
2
XMR-4h. Are buyers ready for the test of $175?The relatively independent XMR coin, which has repeatedly shown its character and continued to grow during the BTC correction, found itself in an interesting situation. From November 26, the price of HMR clearly moved within the white growth channel , well predicting the next local high. However, on December 21, buyers began to be careless with the maintenance of the trend line, as a result, the price repeatedly went beyond it. The last two attempts to test the upper trend line of the white channel on December 23 and 27 were unsuccessfu l. In t he range of $165-170 there was a strong seller, which effectively restrained the growth of the price of XMR. Thus, a triangle was formed, which is more likely to shoot up. The critical point of this scenario is $156. After breaking this mark, sellers will quickly test $144. What can happen next - we will definitely write when this alternative scenario comes into force. _________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
XLong
by P_S_trade
6
Monero (XMR) major upgrade makes it officially “Bulletproof”Following past months of development, Monero was preparing for a major upgrade, which yesterday was successfully activated. So what is the upgrade all about? On the 18 October, Monero has implemented a Bulletproffs protocol, which is an advanced technology that makes any blockchain more efficient, cheaper, faster and more scalable. This method for sending private transactions, is considered to be the most effective, which can have a massive effect on Monero, now and in the long term future. It is time to look at the price action since the Bulletproffs protocol has been integrated … Clearly, market hasn’t reacted yet, as during the past few days it continues to trade near the 61.8% Fibonacci support level at btc 0.0015756. However, what should be noted, is that this level has been tested a number of times, and each time price rejected it. The important thing is that after upgrade, price hasn’t fell below the support, and today actually bounced off it cleanly. Not to mention the bounce off the uptrend trendline. So far the price action stays positive for Monero. As long as the support level is being respected, XMR/BTC will either consolidate or continue trending upwards. The consolidation should be confirmed upon the rejection of the btc 0.018600 resistance that is 61.8% Fibs. Upon the price breakout above this resistance, Monero is likely to travel further north, aiming at the key resistance area near btc 0.002 psychological round number. Namely; 78.6% Fibs at btc 0.020088 or 88.6% Fibs at btc 0.020977. Currently RSI oscillator remains below the downtrend trendline, which makes Monero buying opportunity very risky at this time; disregarding the fact that the support is holding. Perhaps more time is needed for XMR to reveal its’ price development plan. Talking about the risk, if the support will be penetrated, with a clean daily close below btc 0.015627, Monero might be forced to go lower, hitting either btc 0.014800 (78.6% Fibs) or btc 0.014230 (88.6% Fibs). Briefly, fundamental news are extremely positive for Monero, although investors didn’t react on it. Perhaps market is still digesting the news and as long as the support is holding, price is likely to rise. Support: 1. 0.015756 2. 0.014800 3. 0.014230 Resistance: 1. 0.018594 2. 0.020088 3. 0.020977
X
by CryptalDash
1
Verium Starting An UptrendVerium has found the support at $1.74, where it formed a double bottom, along with the bullish divergence on the RSI oscillator. The price went up breaking above the descending channel and the 50 Moving Average. As VRM/USD continues to produce higher highs and higher lows, the price is likely to continue increasing. The first resistance is seen at 76.4% Fibonacci retracement level that is $5 area. Break and close above tha resistance should send price much higher where the upside target is seen around $12 area. On a downside, Verium could correct back down, towards the 50 Moving Average which already acted as a support on the 16th of April. But only break and close below the $1.74 support could invalidate bullish outlook.
VLong
by CryptoPAMM
Bitcoin - Scheduled Upgrades & Affect on the MarketIn adding upcoming/events, I chose coins which drive the market, BTC -0.98% , ETH, XRM 19.56% and although this is less TA, it more widely defines the movement of the market. Its always useful to know what upgrades are upcoming (buy hype, sell news) along with what they do. Currently announcements are being held off until market growth where they can be useful, a release from top 100 coins would indicate they feel the market is ready to absorb and benefit, although correlation doesn't equal causation, there seems to be a casual relationship in this market. Overall major Bitcoin -0.98% upgrades, improvements and "fix's" are scheduled for the end of the year...which i'm sure will eventuate into early 2019 (probably when Crypto should have taken off), Ethereum -2.70% has many scheduled along with many issues, so will be interesting to watch. TUMBLEBIT - Many users link transactions together increasing anonymity SIGWIT V0.16 - Update & exchange adoption, enables lighting & >2MB block ( BTC -0.98% ) LIGHTING NETWORK - P2P, centralizes by using chosen nodes to approve off main-network ( BTC -0.98% ) KOVRI - IP -2.47% hiding/TOR network anonymity ( XRM 19.56% ) MONEROV - Block 1564965 moneroblocks.info ( XRM 19.56% ) BULLETPROOFS - Replace method of hiding transactions hence reducing size of blockchain, Monero can take up to 48hrs for wallet to initially sync ( XRM 19.56% ) ( BTC -0.98% ) CASPER - Fix's scaling problem, network congestion, enable proof of stake (leverage large amount coins for fee) DEC 2018 (ETH) BTC -0.98% 0.79% is seeing some tough times , so I should write this: ***Education Purposes only***
BITFINEX:BTCUSDLong
by CerealTrader