Monero is one of my favorite coins because of the way the company conducts business. First, they are a true privacy coin, no optional features. Straight RingCT signatures, multisig wallets, PoW, no premine, and stealth addresses. This coin is legit. It worries governments, it is used for illegal purposes(but so is the US dollar), it is a true revolution of store of value. I see Monero staying around for years to come.
With this being said, lets so some TA on Monero
Bullish Case
- Strong support coming between $85-$110
- Volume down, less bears selling/selling pressure
- Bullish divergence on RSI (Daily Chart)
Bearish Case
- 6 month long downtrend, trend is your friend until the end
- Lack of news/fundamental triggers
- Sentiment is down and not looking great
Cheers,
AndrewCheck these articles out if you like money
- How to go against the crowd and not be conformed
- How to understand bitcoin and the mindset
- Making money online with the #Sharkschool Discord
- Steemit account upgrade
- Don't get scammed
- 1000 Day Crypto Challenge Videos or watch them here
- Steemit PUMPING, we're all going to be RICH!!!??
- What's a blockchain and how can I impact the future?
- Did someone say lets hide our money?
- Emerging industry leader??
SMASH THAT LIKE BUTTON
Posted from my blog with SteemPress : http://bullsvsbears.vornix.blog/2018/06/26/what-is-going-on-with-monero/
Actually the base coin is btc and it is loosing its price, that's why it is effecting on all the coins. If a person think that alt coins will get good gains besides bitcoin fall, then it is only pumping by some groups and nothing else.
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agreed, but alts will have their run as btc starts moving
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