~ Monero is a cryptocurrency that specializes in anonymous transactions.
Because of blockchain analysis, various darknet markets were de-anonymized and closed by authorities.
It's pretty clear that it is not safe to use Bitcoin for transactions that you want to be anonymous.
As a result, these markets and their users are steering away from Bitcoin towards much safer alternatives like Monero.
I believe Monero is here to stay, and with the current price of 80USD and a maximum supply of 17 million, I also believe this asset has serious room for growth.
~ What I expect in the long-term:
Price is threatening to close above the monthly 21EMA/yearly pivot point.
If price closes above the monthly 21EMA (~77), likely see a move to around 110-130 area and higher over time if price closes above that area
If price ends up reversing back below the yearly pivot/monthly 10SMA (~70-74) and open new candle below there, likely test the bottom of the consolidation over time (~40-50)
~ If you would like to see more, monthly, possibly weekly analysis please show your interest by following me/liking this post.
> This is not financial advice, I'm not a financial advisor. <
Because of blockchain analysis, various darknet markets were de-anonymized and closed by authorities.
It's pretty clear that it is not safe to use Bitcoin for transactions that you want to be anonymous.
As a result, these markets and their users are steering away from Bitcoin towards much safer alternatives like Monero.
I believe Monero is here to stay, and with the current price of 80USD and a maximum supply of 17 million, I also believe this asset has serious room for growth.
~ What I expect in the long-term:
Price is threatening to close above the monthly 21EMA/yearly pivot point.
If price closes above the monthly 21EMA (~77), likely see a move to around 110-130 area and higher over time if price closes above that area
If price ends up reversing back below the yearly pivot/monthly 10SMA (~70-74) and open new candle below there, likely test the bottom of the consolidation over time (~40-50)
~ If you would like to see more, monthly, possibly weekly analysis please show your interest by following me/liking this post.
> This is not financial advice, I'm not a financial advisor. <
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.