Today different coins / tokens leave their bearish trend and Monero is one of them - if it continues the last movement.
Monero is a coin which offers anonymity to both: the sender and the receiver (other as Verge). And it has already proven that there is real demand for it.
The last movement started parallel to Ether (blue line) but with more volatility on feb 08. It is heading to 275$ (resistance at swing trendline).
Indicators are showing strength. RSI >65 strong but not yet overbought, MACD just in positive terrain and trigger line slightly above signal line. But volume is still low. Where has the liquidity gone? So the current movement is not accompanied by a lot of investors (same in other currencies). This is a risk. Better it would be more momentum in the market.
stop: when falling back to the negative trend channel / below last support at 234$.
Monero is a coin which offers anonymity to both: the sender and the receiver (other as Verge). And it has already proven that there is real demand for it.
The last movement started parallel to Ether (blue line) but with more volatility on feb 08. It is heading to 275$ (resistance at swing trendline).
Indicators are showing strength. RSI >65 strong but not yet overbought, MACD just in positive terrain and trigger line slightly above signal line. But volume is still low. Where has the liquidity gone? So the current movement is not accompanied by a lot of investors (same in other currencies). This is a risk. Better it would be more momentum in the market.
stop: when falling back to the negative trend channel / below last support at 234$.