Bottom Line: Higher against 60.40 in a developing third wave at larger degree.
Key Levels:Below 60.40, 74.01, 86.59, 116.55 Above 135.08, 162.42 Outlook: Against 74.01, Monero should continue higher within a larger degree third wave advance. Analysis: Yesterday's comments still apply: "Monero is little changed, although the 109.69 low has stayed intact. We next want to see impulsive trading above 128.52 to both confirm the end of the wave ((4)) correction and to set up a break of the wave ((3)) high at 139.73."
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ความคิดเห็น
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Monero - Weekly Bottom Line: Higher towards a break of 96.78.
Analysis: No change to the outlook. The wave model calls for Monero to complete a series of third wave patterns at progressively higher wave degrees. These will be punctuated by fourth wave corrections, one of which should have completed this past week with a low at 110.45. Against this level, we'll see if XMR can challenge the recent 139.73 high as the next upside objective.
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Note: Prices can vary between MONERO exchanges. Consequently, there may be differences in our chart prices due to different data sets. Our analysis is for information only. We recommend that people avoid trading on unproven exchanges vulnerable to hacking and theft.
Keep up the good borther, be warned though they de privatize monero, so.. it might loose its value fast if it is confirmed.
TraderT33
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@Ajion, Hi sir, saw that too, though everyone in the know is convinced it's not true, even the CEO himself admits noone can trace monero deterministically: twitter.com/davejevans/status/1330008956270374918 There was an interview between CiptherTrace CEO and monero's in house cryptographer Sarang Noether: youtube.com/watch?v=w5rtd3md11g To me it seems Ciphertrace doesn't have much, when you have to end with 'I'm not the math guy'....
Ajion
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@TraderT33, i am not in monero, but just be careful heh. I am more concerened that pivacy coins are getting taken out of exchanges. It is not a big deal per se, but it also means fiat can't easily flow in those coins.
TraderT33
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@Ajion, Agree with you about possible delistings. It might be a reason why monero's price imho is so 'suppressed'... Though good news, atomic swaps with Bitcoin are coming: ccs.getmonero.org/proposals/h4sh3d-atomic-swap-implementation.html This would make centralized exchanges (or any middle man for that matter) unnecessary and would provide liquidity through bitcoin...
Ajion
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@TraderT33, Yes, i saw that. It is bullish, but remember for price to grow up you need capital transfer so if it creates liquidity, it will indeed be bullish. Looking forward to what happens next. And thank you for sharing :)
TraderT33
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@Ajion, My pleasure, good luck in your further endeavours, I hope we all make it ;-)
ferGOD
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@Ajion, Hello my brother! Thanks for the information! We are in together
Ajion
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@ferGOD, yep, cryptopunks we in it to win it. And have fun ;)