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These lines let me assume that there is an upward trend (rising channel) since 5th April.
The horizontal lines indicate resistance / support and if the price continues in the rising channel then it will soon break through the 350$ resistance that we are following now for quite some time.
Any thoughts on my analysis? It's my first one
idk about drawing funny lines on graphs but with monero's anniversary thing, then there's usually a reddit thread about monerun / monerorun thing
havent checked reddit in awhile but it's usually there
pretty much is supposed to be like a tradition or somethin to just withdraw 100% from centralized exchanges and whatnot
so hey i guess that would include that forum too since is also a "not your coins, not your keys" model type thing with the current setup
like it's an audit by the community of those centralized exchanges
since most are running fractional reserve scams then they usually can't pay their customers that are trying to withdraw
like, they tell their customers that the coins are safu but they not, so when the customers are trying to withdraw then they're forced to close withdrawals
(as well as leaving deposits open ofc, cause when it happens it's like they're being called out on their lack of liquidity and have to refill, so, closing withdrawals while leaving deposits open and finding liquidity elsewhere to repay their customers...)
some exchanges been closing for months even, MEXC for example that it definitely looked like they were colluding with Qubic, while also mocking monero on the twatter and whatnot regarding their own liquidity or somethin
(and at that time that was already a full month they had withdrawals closed...)
so anyways, tldr, the price is not real, everything is offchain, the whole cryptomarket is fake and who controls the exchanges control the cryptomarket price or somethin somethin idk :tinfoil: or somethin lol
and also why DEXs are so important
haveno is awesome, it's doing its thing for crypto<->fiat, liquidity been growing nicely
but pretty sure if the goal is to make the cryptomarket "not fake", then the way for that would probably be with Serai, idk, could it have the potential to overthrow some big CEX in terms of liquidity? seems like would be a job more fit for Serai than for Haveno, but who knows, been surprised to see haveno getting some nice numbers so idk, and as for the price, literally no clue lol
@lIlIIllIIIIllllII true
normally as also mentioned by me in another thread, i try to ignore the CEX-Fiate fake price, but I like drawing lines and trying to see trends. I guess short and mid term price are totally fake, but even in CEX monero is gaining over the long term, so that's prolly the trend i should mostly watch out for :)
