evasivesteering

XMR good buy position

Long
BINANCE:XMRUSDT   None
Monero, created in 2014, offers a decentralized and anonymous transaction system. Operating in Proof of Work, Monero was a fork of BTC.

The promise of the Monero blockchain is to provide an untraceable means of transaction and to guarantee user privacy.

Prices broke the bullish flag with supporting volume indicators:
  • MFI broke its trendline (accumulation in on going)
  • CMF broke its trendline, as well (increasing buy pressure)

In my opinion, now it's a a good moment to accumulate XMR for mid-term hold.


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