http://themerkle.com/market-analysis/monero-technical-analysis-for-08152015/
Monero Technical Analysis for 08/15/2015
Monero staged quite a rally at the beginning of August, but the market has been sliding lower since about the 10th. However, the technical patterns on the 30-minute chart may be suggesting that Monero might experience another rally. My favorite pattern, the ‘Head & Shoulders’ formation, can be clearly seen on the 30-minute Monero chart. If you have read any of my prior tech-analysis articles, you would know how much I like this pattern. Of course they don’t always work out, but they do foretell major market moves frequently.
Topic: Monero Price Discussion/Speculation – 8/15/2015 (Read 391 times)
Monero Price Discussion/Speculation – 8/15/2015
Monero has seen of some tough times. Times whre many thought it may nearly beome worthless and other times where markets were at threat due to actions of huge whales. Whilst Monero is a much more diversified coin and so has managed to thrive on investor confidence on sentiment. Recently the price of Monero has fallen into a stable but dangerous pattern as stagnation often breeds the conditions for a crash or a much slower price decline. However recent market activity is currently indicative of something else. With the price slowly recovering it may be time for a move up as the markets correct themselves according to the natural state of development and speculative confidence.
http://themerkle.com/speculation/monero-price-discussionspeculation-8152015/
Monero has seen of some tough times. Times whre many thought it may nearly beome worthless and other times where markets were at threat due to actions of huge whales. Whilst Monero is a much more diversified coin and so has managed to thrive on investor confidence on sentiment. Recently the price of Monero has fallen into a stable but dangerous pattern as stagnation often breeds the conditions for a crash or a much slower price decline. However recent market activity is currently indicative of something else. With the price slowly recovering it may be time for a move up as the markets correct themselves according to the natural state of development and speculative confidence.
http://themerkle.com/speculation/monero-price-discussionspeculation-8152015/
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