Search results for: monero

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Monero [XMR] registered conflicting trends across different timeframes The recent break in structure on the lower timeframe meant the market might have shown its hand Monero [XMR] recorded a bearish trajectory on the higherContinue reading “Sellers, look out for these signs on Monero’s [XMR] price charts”

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion XMR cleared all the gains made in early 2023. Demand fluctuated, but development activity increased sharply. Monero [XMR] dropped to its December 2022 lows of $140, clearing all the gains in the past twoContinue reading “Monero [XMR] in the derivatives market could see its demand go up, only if…”

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion XMR dropped to its January lows. Its decline chalked a bullish descending wedge.  Monero’s [XMR] hiked 27% in January, reaching a high of $188, up from $147. However, the privacy-focused cryptocurrency has corrected allContinue reading “Monero cleared gains made in early 2023, is there any hope for bulls?”

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. XMR formed a descending channel pattern.  Investors were strongly bearish on XMR as Open Interest (OI) fluctuated.  Monero’s [XMR] press time plunge was likely because of an increasing divergence in key technical indicators. XMRContinue reading “Monero [XMR]: Can bulls defend $163 support level as bears take over”

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion XMR was in the oversold zone with high selling pressure but with a likely trend reversal. A sharp increase in open interest rates could influence trend reversal.  Monero (XMR) lost about 15% of itsContinue reading “Monero [XMR]: Bears should be cautious about the $157.1 support”

Monero’s hashrate faltered drastically in a matter of hours until press time. XMR was overbought, but the ADX trend could keep it in the green direction. Information from 2Miners.com revealed that the hashrate of Monero [XMR] had faltered at the time of writing. The hashrate measures the security and health of a blockchain network. So,Continue reading “Monero: With a wobbling hashrate, what does the future hold for XMR”

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. Monero saw steady buying pressure in recent months, which has accelerated since December. The current rally could push toward $200 since a key resistance area was breached. Monero [XMR] has broken above a higher timeframeContinue reading “Monero has been on a solid bullish run, here is what buyers can look for”

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion The Volume Profile tool highlighted heavy resistance at $147. The technical indicators showed bulls have some hope, so long as a critical level of support was defended. Monero faced stern resistance in the $150-$160Continue reading “Monero halted after trending upward the past month, where to next?”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Momentum on the daily timeframe flipped in favor of the sellers. If XMR can defend $135, lower timeframe traders could look for buying opportunities. It was a red week for the S&P 500 which fellContinue reading “Monero sees a sharp reversal in bullish momentum, will $135 be defended?”

XMR endured the market collapse, putting up an impressive performance in the last thirty days Traders’ interest was unusually high with a possibility of sustenance At a time where a bunch of crypto projects have been struggling for survival, Monero [XMR] seemed to have found stability. According to CoinMarketCap, few cryptocurrencies have been able toContinue reading “Monero investors thrilled about XMR’s stability should read this”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Monero (XMR) was bearish on the daily chart The elevated positive sentiment over the weekend has flattened out Monero (XMR) bulls were cut to size over the weekend as bears threw a massive party. ThisContinue reading “Here’s the ‘but’ of Monero [XMR] chalking up a bearish pattern”

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Monero has traded within a range since mid-September XMR is poised for a breakout, but a pullback could also materialize Monero has traded within a range between $152 and $136 since September. Technical indicatorsContinue reading “Monero at a crossroads; will $200 or $140 arrive first for XMR?”