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MONERO/BTC (XMR) An Ugly Trend-less Market until?MONERO/BTC (XMR token/BITCOIN) 720 minute/12 hour semi log scale, candlestick wicks removed. 5/19/18, 9:20 PM EST, by Michael Mansfield.  Hi trader friends! Monero, a privacy token/digital currency, is looking trendless and quite ugly! But let's give this a shot anyway since we've had a request for an opion. 90 DAY OUTLOOK: Sorry, more uglines. ;-) Seriously, without a trend, the outlook is likely flat to a "bit" higher until three of the shown cycles peak then head down after either June 2-3, June 7, or June 13th. To make it simple, more weakness is likely after early June. Then, we are likely to see lower prices until either July 13-15th, July 23, or possibly August 12, 2018 as the longer cycles bottom and turn up on those dates. I would expect a trend to develop one way or the other in July or August (perhaps up) and continue into October or longer. If we get an acceleration up or down after the cycle turning point dates above, then we may finally be out of this larger flat pattern CYCLES: MIXED There are four shown cycle sine waves shown and two vertical cycle lines separate from the sine wave cycles. Until we get more data, it is unclear what the larger trend cycle up or down is. For now it is a trendless market. TRADER TIPS: Balance Point Line (BPL) is the horizontal dashed medium blue line. It basically splits the observed price history in half, but without the candlestick wicks this time. Note how the price resists or finds support around the BPL. VOLUME: WEAK Volume keeps drying up contributing to the endless trend-less sideways move. Watch out after the June cycle tops... BOTTOM LINE: Look for breaks below the Balance Point line (more likely), or possibly above the 38% retracement line (orange, less likely) that is also highlighted in black horizontal line around where the prices are now and until a cycle breakout time-frames, then possibly up. I am not a fan of this coin at this time. Let's see what the market says over the next 90 days. DISCLOSURE:   This analysis is meant for educational purposes only. You trade at your own risk!   Cheers!  Michael Mansfield CIO  
by UnknownUnicorn1613901
EURGBP SHORT OPPORTUNITYEURGBP has been climbing to the upside for some time now as the EURO gained significant strength across the pairs. However now we are starting to see a move lower in the EURO as exhaustion enters the market. GBPUSD held at significant key support and bounced showing it may finally be heading for the 1.3300 handle. Looking at this pair we can clearly see from the higher timeframes price maybe retracing on the weekly & daily timeframes. The 4hr timeframe changed cycles and now we have our opportunity on the 1hr as price held at the moving averages (dynamic resistance). Looking for price to move lower.
Short
by ColmoreFX