Skip to main content

RIPPLE AND MONERO – ALTCOIN CHART ANALYSIS

 


Ripple staged a huge breakout last week following positive SEC news. This pump was filled again and prices have leveled off in the high USD 0.70 area.


Right now we're trading around $0.79 and lacking impetus to continue higher. The trading volume has recently decreased significantly again. The RSI is also cooling off a bit.


First of all, it was important that we could confirm the monthly support P as support and therefore have a lot of support there. But which zones are still above us that are in the way?


On the daily chart we can see once again that we have nicely broken out of our chart pattern. There was no retest, but that doesn't have to mean anything negative.


The important thing now is that we form a higher high. The last significant high is around $0.85. So we have to overcome this level and, if necessary, confirm it as support.


On a daily basis, the RSI has cooled off nicely, which could indicate that we could see a fresh move higher in the next few days. Overall, the target is around $1.00.


Monero (XMR) has risen significantly since our last analysis , taking out important zones. We are currently trading at around USD 191.00 and thus above our red resistance zone.


Trading volume has increased significantly on the breakout. Thus we can speak of a valid and probably sustained outbreak. After the retest, the volume has cooled down a bit, but it is still at a high level compared to the time before.


The RSI is slowly but surely entering overbought territory, but it still has potential to rise. Above us is the monthly resistance R1. We must sustainably overcome this in order to be able to continue to climb.


On the daily chart we can once again clearly see the breakout and the extreme wick up, which went up to around USD 280.00. A positive sign for the future: Such wicks are often filled.


Monero is now bullish in the short term. However, to become sustained bullish, we must first take out the $240.00. This level represents our last significant high.


Then we would also have a higher high and thus the downward structure would have been broken. The next resistance zones are around USD 200 and USD 220. There lies the 200 SMA (last 200 moving averages/purple) 

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

The 5 largest platforms for non-fungible token (NFT) collectibles

  Since the beginning of 2021, non-fungible tokens (NFT) have had no holding back and the sector is setting new records almost every day.  More and more artists, stars and brands are realizing the potential - NFT are well on their way to catapulting the crypto space into the mainstream.  But which collectibles are currently the most popular? What are NFT? NFT are unique tokens that cannot be exchanged one-for-one for an equivalent token.  Any asset that is tokenizable can be an NFT.  This includes, for example, (digital) works of art, trading cards, game items and crypto domains.  Theoretically, however, real estate or securities can also be mapped as NFT. NFTs can be used to transparently map ownership structures on a public blockchain.  This allows them to store value just like real objects, even if additional copies are easy to make.  For example, the original picture of the Mona Lisa is significantly more valuable than a photo, as everyone kno...
11 comments
Read more

CARDALONIA: THE CARDANO METAVERSE OPENS THE GATES!

  Have you ever been to Cardalonia? With these words, the Cardano Metaverse called Cardalonia starts the gates. In this 3D world, developers and users can interact with each other. First of all, users have to create an individual character with which they can move online. After that you can enter one of the worlds built by developers with this character. You can also purchase your own land in the Cardano Metaverse via the marketplaces in Cardalonia . This is secured by Cardano's blockchain technology and therefore offers a relatively secure transfer of ownership. Since these are only digital plots of land, it is not yet entirely clear when the plots of land are purchased whether they can also be sold again in the future. A possible profit cannot be estimated at the moment. In Cardalonia, the cryptocurrency Lonia is used. The maximum amount of tokens in circulation is 100,000,000. The team consists of Alice Sand (Co-Founder), Vasil Air (CTO) and Dustan Water (Fullstack Developer). T...
Post a Comment
Read more

Cardano: This is the vision that founder Charles Hoskinson has

  The Altcoin Cardano has tended to decline in recent weeks.  The Alonzo upgrade was supposed to bring improvements, but it soon turned out to be a disappointment.  Cardano founder Charles Hoskinson presented his vision for the cyber motto in a live Twitter video. • Cardano in the last few months under pressure • Charles Hoskinson explains his Cardano vision via Twitter • Security and privacy at the center The cryptocurrency  Cardano  has had a difficult few months.  While founder Charles Hoskinson's cyber motto has had a strong run in 2021, it has been steadily downhill in recent months.  Cardano is faced with some difficulties.  The so-called Alonzo upgrade went live in mid-September, for which crypto fans had high hopes, but which soon turned out to be a disappointment.  The upgrade should make it possible to use smart contracts on the cryptocurrency as well.  It soon turned out, however, that although these were entered into Cardano,...
Post a Comment
Read more