Category: Monero

Monero Technical Analysis for 05/05/2016 – Pivot Level Overview

The importance of the 0.00225 pivot was outlined in my last Monero technical article – the one on the 22nd of April – and the market is continuing to respect this price level. Since the April 22, the 0.00225 area has been used as resistance about five times. Actually, if we drill down to the 15-minute chart on the 2nd of May, it can be clearly seen that the 0.00225 …
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Monero Technical Analysis for 04/22/2016 – Price Inching Closer to Major Pivot at 0.0021

In my previous Monero technical article I pointed out the importance of the 0.0027 area and the possibility of this level to continue acting as resistance. The market unsuccessfully attempted to break above 0.0027 on the 19th, and as a consequence, the 0.0027 level is now a triple-resistance zone. After failing to break above 00027, the market also broke underneath yet another significant technical level: 0.00225. This area has acted …
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Monero Technical Analysis for 04/19/2016 – Major Barrier at 0.0027

Since the big plunge on April 8,  Monero has has been grinding away around the 0.0022 level. To be a little bit more precise: 0.00225. This level has been used by the market as support about five times this month; two times on the 10th; three times between the 15th and 17th. This level has also acted as resistance about three times this month. Therefore, the 0.0225 price area is …
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Monero Technical Analysis for 04/10/2016 – 0.0024 Acting as Support Today

The Head & Shoulders pattern that I described in my last Monero article, finally resolved itself over the past two days. There just wasn’t any buying momentum to get price above the big pivot zone at 0.0037 – which formed the right shoulder of the pattern – and the market sold-off very hard yesterday. After the initiall dump, price recovered a bit, but was unable to get back above the …
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