Category: Monero

Monero Technical Analysis for 04/03/2016 – Market Trading Below Key Pivot Level 0.0037

The 0.0034 pivot zone – which was outlined in my  previous Monero technical analysis article – has become even more significant in the past 10 days. This level has acted as support about four times since my last article on the 24th of March. If at some point in the near future the market breaks underneath this level, the chances of a bear market will increase substantially. Since the 20th …
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Monero Technical Analysis for 03/24/2016 – Market Trading Above Key Pivot Level 0.0032

After the big break-out at the beginning of March, Monero traded in a sideways market for most of this month. The 0.0032 price level has acted as resistance four times since March 9. Price finally broke above 0.0032 on the 20th, and when the market retraced down to this area again yesterday, the 0.0032 acted as support twice. This price level is now a major pivot zone and if price …
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Monero Technical Analysis for 02/29/2016 – Break Imminent???

In my prior Monero article I said that there weren’t any overt signals as to which way the market is leaning, but the situation seems to have changed. The 2-hour chart shows an ascending triangle formation, which indicated that pressure is building up. The trading range has been steadily narrowing since the 25th. I would not be surprised if price breaks above the 0.0021 area over the next few days. …
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