Monero is the most popular digital currency of darknet and ensures a high level of anonymity with regards to transactions. It uses obfuscation techniques based on . Long XMR with a short term taget of and BTC level 1)Monero broke the 1 month downtrend channel which is shown in Purple. 2)The immediate resistance will be BTC level which can be considered as a minor resistance. 3)The major resistance will be at 50% Fib. we have an obvious break upwards and now Monero sits back in what has been its most familiar trading channel for the last years or so, between and BTC. yellow trend lines indicate current and previous micro-trend support and resistance, while the 3 red lines represent the channel i mentioned in the previous sentence. the thinner green line is.
Monero btc tradingviewIdeas and Forecasts on Monero / Bitcoin — BITFINEX:XMRBTC — TradingView
We make sure when the resistance at 0. If the support at 0. Technical analysis: There is a divergence in RSI and price between the trough at 0.
Confidence, anonymity and anarchy are the concepts that characterize XMR. The voltage of the whole crypto world does not affect this coin at all. Keeping the bottom trend line on December 21, buyers continued their clear growth trend. It seems that she was chosen to hedge losses. It is the last two 4-hour candles that have abnormally high volumes.
This nature See chart. Up towards news ATH in the coming months Price is making head and shoulders on 1 hour time frame Buy the breakout above 0. This time it broke the MA last. Previous XMR signal On the small time period 1 hour chart , the price action of Monero XMR is completing final leg of Gartley and soon it will be entered in potential reversal zone. Hello, friends! Just wanna remaind You my previous chart! For me looks like that! Just look, that the price breakout green zone for the first time since Personally, I don't love the reward to risk in these trades, so I'm not in but if you're invested you can get a decent idea of what to expect going forward.
Cheers, Ivan Labrie. Monero is one of the few old-school crypto coins that has not yet made a solid correction in almost a year of growth. For completeness of the picture, the history of the coin price movement for the last 3 years was schematically added.
In fact, XMR attracts users through its anonymity. Relative strength index RSI is 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. Relative strength index The RSI is at While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue. There is a possibility of There is still a possibility We have The RSI is at 38 Trading suggestion: There is a possibility of temporary retracement to suggested support zone to Entry signal: Signal to enter the market occurs when the price comes I'm sure Monero will take on itself more Volume and interest in It looks better than BTC and other "big coins".
The future fork also fuels interest in the coin :. Target plus Stop Price has a nice cup pattern in 4 hour chart. Price broken out with huge volumes.