As bitcoin become mainstream and institutional, people are going to learn the concept of crypto currencies. Monero has a specific and unique use case. Like or dislike, it is going to stay and live.
Technically, the chart is looking super bullish. BItcoin is very near ATH, possibility of breakout to new top is likely. We can just check what gold did on a similar pattern to tell us a the information we need.
GOLD
BTC
The orange line is a trend line similar to BTC and gold.
By connecting these we can take an approximate guess on where Monero is going.
You can also see two accumulation period. One under a major support and the other over the major supper which indicates a strong momentum.
It is also possible to look at the cups break out after those accumulations.
The only downsize here is that Monero's total volume transactions is not peaking
bitinfocharts.com/comparison/monero-transactions.html
Maybe it is possible to explain this because there is a good amount that are on exchanges? Hard to say, what you think?
In the end, it is clear that Monero is bullish right now and a buy with a target of 500$
If BTC and cryptos are becoming more main stream and people gain knowledge, Monero will inevitable gets its fair of share.
Technically, the chart is looking super bullish. BItcoin is very near ATH, possibility of breakout to new top is likely. We can just check what gold did on a similar pattern to tell us a the information we need.
GOLD
BTC
The orange line is a trend line similar to BTC and gold.
By connecting these we can take an approximate guess on where Monero is going.
You can also see two accumulation period. One under a major support and the other over the major supper which indicates a strong momentum.
It is also possible to look at the cups break out after those accumulations.
The only downsize here is that Monero's total volume transactions is not peaking
bitinfocharts.com/comparison/monero-transactions.html
Maybe it is possible to explain this because there is a good amount that are on exchanges? Hard to say, what you think?
In the end, it is clear that Monero is bullish right now and a buy with a target of 500$
If BTC and cryptos are becoming more main stream and people gain knowledge, Monero will inevitable gets its fair of share.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.