XMREUR trade ideas
XMR, jut fearIt was a long night yestarday. now the price is going to the 320 330 and we ll see the next stop: up or down. I look up because they had chance to make worst!!
Thinking of a long-term Monero investmentHey guys,
wanted to share this idea with you. Monero seems like a good long-term investment to me because of its anonymity and the talks around it being listed on coinbase next year. Furthermore,although there is a strong up trend, the MACD looks good and the next correction seems to be far away.
Have a good day!
Sven
XMR at resistance - Potential Short opportunityAs said it the previous post, we had a buy opportunity when the XRM was low.
It has now reached it's resistance at 223€.
Be prepare to short at 225€ or buy during the freefall (if it happens).
XMR got a lot of support around 180€ so if the value of XRM goes down, buying anywere between 180 and 200 could be interesting.
(Invest at your own risk as always)
XMREUR Going to riseI think It's a good opportunity to buy XMR, it should rise again at 220€ quite soon. It hit the floor yesterday and got lots of support
XMREURfalling wedge pattern, set buy at 176 EUR or main support at 155 EUR, if resistance breaks target at 224 EUR
XMR preparing for wave 5As XMR has a small pullback from its strong upward trend it prepares for wave 5.
The pullback was relatively small compared to the Fib levels expected (0.382) in a wave 4. It was stopped at the previous high (132) before it stabalized a bit.
On a four hour chart we can see a cup and handle pattern forming itself which could indicate just the right bullish pattern to launch XMR's wave 5. For people who want to ride wave 5, this would be the moment to buy.
- Bullish target; 195 EURO
- Bearish note; pattern could also result in bearish double top which is strong bearish.
- MACD looks still bullish and open
- RSI is slightly overbought but nothing crazy compared to last push in August.
XMR going for line 3It seems that XMR had a healthy pullback which could possibily be the second Elliot wave (0.618 retracement) and is now going for its 3th wave.
Based on Fibs and previous highs, strong resistance expected at at the blue box area. If break through previous high (132), 147 EURO would be next target for XMR.
RSI seems ready to support upgoing trend.
Moreno gaining strenghMonero showing a strong movement.
I am already long since the price 91, and I put another order at the same price.
It represents a small percentage of my portfolio, but if it continues with this strengh, I will add more.
Another interesting and with similar movement coin is ZEC.
It seems that anonymous coins are starting with big movements.
Monero XMREUR bullish triangleMonero has been very quiet over the last few months, compared to other cryptocurrencies. It has great potential and now it is ready to pump hard.
Bithumb, a Korean exchange, with very high volume (the highest on the planet in Bitcoin and Ethereum), is about to add monero.
Monero has doubled in USD terms over the last 5-6 days, but it is sitting near its all time high against Bitcoin. If it breaks, we could see the price go up another 100-200x.
With Bitmixer and BTC-e going down due to issues with Bitcoin's privacy, many people are turning to Monero.
Fasten your seatbelts!
Monero following BitcoinMonero is in the uptrend, similar to Bitcoin when it was trying to reach previous peaks (around 2900).
At the moment money is purring into Bitcoin due to all time highs and all media attention.
Other altcoins are waiting for their term to come, as it has been in the past.
Monero is one of the first ones, where trend is becoming clear.
It looks like short term opportunity with long term potential.
Wish you luck and ...
Meetya
XMR - Possible inverse head and shoulders patternMonero is coming up to a triangle situation between a current downtrend and an old uptrend. The downtrend is more steep then the uptrend, which indicates possible trend inversion. Also, a possible inverse head and shoulders pattern seems to be forming.
