💟 Market Health (October-19) In this period, BTC is approaching the $64000 zone and it will take more time to conquer this zone. And in the past few days Altcoins are accumulating quite a lot but the price is still decreasing, so we can expect that in the next few days Altcoins will have rapid and strong price increases and it will be very difficult to buy these coins at good price range. Let's continue to accumulate according to our plan
💟 Market Health (October-18) Money flow is continuing to push into Bitcoin to help it rise back to the top of $65000 so the money push into Altcoins will be quite slow, but the buying power of Altcoins is still very interesting because it is still pushed in even when Altcoins are falling. This shows that the accumulation of Altcoins at the moment is taking place and Altcoins can completely increase in the near future.
💟 Market Health (October-17) The buying power has decreased because the cash flow at the end of the week is usually very weak, so we may have a slight correction, this does not affect the uptrend of Altcoins.
💟 Market Health (October-16) The buying force is continuously pouring into Altcoins these days and they are having a big chance to increase sharply in the near future so let's keep accumulating Altcoins.
XMR has conquered the $220 zone and it is correcting to this zone for a retest. If it doesn't lose this zone, it will rally back to $260 and $340 this August. But if it loses the $220 zone, it will fall back to the $180 zone
📈RED PLAN 🔴Buy : 215-225$. SL if B
🔴Buy : 254-266$ if A. SL if B
📉BLUE PLAN 🔴Sell : 254-266$. SL if A
🔴Sell : 333-347$. SL if A
🟣PURPLE PLAN 🔵Sell : 215-225$ if B. SL if A
🔵Buy : 176-184$. SL if B
❓Details 🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY & SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
Monero (XMR) is a Proof-of-Work cryptocurrency, which started in 2014. Its focus is on privacy, security, and untraceability. It relies on private and censorship-resistant transactions and aims to provide “fast, inexpensive payments to and from anywhere in the world”.
Through the use of ring signature cryptography and other features like stealth addresses, Monero aims to make transactions both private and anonymous, hence solving some of the issues of large PoW cryptocurrencies like Bitcoin, such as lack of fungibility and transaction traceability .
It also focuses on ASIC-resistance. Since December 2019, RandomX has replaced CryptoNote, deprecating the need for biannual upgrades.
Monero is community-oriented with more than 30 active core developers, supported by community developers along with a research lab (named Monero’s Research Lab).