Maybe Monero isnt the best financial tool? There is a lot more anonymous coins out there, Zcash and Dash for example. Though it's not Dash's selling point anymore, it actually started out as Darkcoin and back then it was.
It's my belif that Monero is the best, and my knowledge about the subject is probably higher than average, but many know much more so don't take my word on it. Research if interested :)
What I am certain about though, is that Monero is the go to coin when you want to be 100% anonymous today.
Monero has been around a long long time and still going amazing.
That's what I believe will attract buyers. The fundamentals are good and people are using XMR.
Cryptoland is on fire and getting money poured in, there is big reason to think that a large portion of that will go towards Monero.
It's a coin you just need to have a portion of in a cryptoportfolio.
Right now I believe we are looking at the fifth wave, and that it can go as high as 430 USD. Though I don't like that last bit of risk outside of my so looking to get out at 355 USD.
There we have the 3.618 from wave 4. Including the edges from .
I've had Monero for a long time, but I think it's time to add a little bit more.
50% here at current prices (185 USD) and 50% if it gets back down to the support between the 3.618 from wave 2 and last ATH , let's say 150 USD.
Stop Loss below 135 USD, should be good support there :)
- Buy - 185 & 150 USD
- Sell - 355 USD
- Stop Loss - Below 135 USD.
But Monero has strong fundamentals and should be one the least dangerous coins to hold.
I think 135 usd and inside my pitchfork is a strong support area, but it's not guaranteed to hold.
So I didnt listen to the technicals and ended up not buying the last batch of XMR that I had written above that I was planning on.
Fortunately I didnt touch what I had already bought :)
Buy yeah 150 USD was a perfect time to buy!
You can see 0.75 line in the pitchfork held perfectly. The previous 154 USD high got breached briefly two times and made a double bottom.
It also never closed on the 4H below trendline.
Also, both 3.618 fibs from both 4th waves now line up perfectly with my previous target for this fifth wave. I would not be surprised if it reached it.
However, I am going to be safe and not take on that last bit of risk.
Putting up sell order for both the trade I did from 150 USD and my long time hodlings at 308 USD :)
Luckily my long term hodling came with a much cheaper price ;P
It did not reach 308, so I decided to sell out at 269 USD on the recovery after that big drop. This trade yielded a very nice 45% profit!
Much more on my long time hodlings though, but now it's time to let go of them all :)
I am switching XMR out with BCH, gonna make a trade on it when I get time.
Also! I am close to complete my portfolio page on website.
If you're interested, have a look:
I have switched Litecoin out with Monero.
For more information on my portfolio, please check out the page on my website:
So I have increased my target. I'll take some profit on the way though at my fib levels.
Yesterday I created a trade community.
If you are interested in joining please check out page on website.
Bought at December 12 (see comment), for 296 USD.
Sold at 312 USD for a 5.4% return :)