Monero (XMR)Monero is one of the first crypto project which focused on privacy and anonymously. After a big ascent, XMR entered into a long oscillation period in a wide side way channel. Recently, due to the Ripple (XRP) court ruling that caused pump in crypto market, XMR broke the consolidation triangle pattern upward. Could this be the start of an impulse upward wave to the channel's upper line, or even beyond? Let's see what happens.
Note that this the weekly chart.
Monero
XMR LOOKS SUPER BULLISH (1W)Before anything else, pay attention to the timeframe of the analysis; it’s weekly.
It seems that wave C of the weekly triangle has ended, and the price has entered wave D.
Wave D could progress up to the ATH or even slightly exceed it.
For wave E, we will have a rejection, and then the main upward move will form.
On the chart, we have marked a green line as our KEY LEVEL. As long as the price stays above this line, XMR is super bullish.
A weekly candle closing below the invalidation level will invalidate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Monero Outperforms Bitcoin. What does it mean?I have been pointing out on my social media and Livestreams that Monero has been outperforming Bitcoin since April 2024. This inversion in the KRAKEN:XMRBTC cross pair is interesting in itself considering most cryptocurrencies remain in high correlation to Bitcoin INDEX:BTCUSD but there is more that can be inferred by this relationship. First, we will look at the key data point in the past that could be happening and then I will offer a possible explanation for this phenomenon.
Bitcoin Maxis will point out that over the last 2 years Bitcoin overall has outperformed Monero by 25%. That's not the point. It is not that Monero is a "better" long term investment. Bitcoin has far more bullish history. The point is that the last time Monero outperformed Bitcoin was through the whole 2022 bear cycle. The outperformance did not end until January of 2023 when the Bitcoin bull trend started.
If history is a guide then Monero outperformance, especially sustained over many months, is an indicator itself that a bearish cycle of Bitcoin is confirmed. It also could be argued that Monero could become the "flight to safety" during bear cycles. We only have one sure data point but are currently witnessing a second.
How can Monero do this? The best possible explanation is the Dark Web. On-chain transaction on Bitcoin have become prohibitively expensive. The alternative of using Lightning network, by having to setup and join nodes, negates the privacy that the Dark Web runs on. Monero has over the last few years become more dominant to the point that now it is the only cryptocurrency used on many Dark Web sites. Monero is the clear winner in the privacy use case for cryptocurrency.
Monero back in "Fair Value"Of all cryptocurrencies I see Monero KRAKEN:XMRUSD differently as a good "store of value" which is private. That makes me a little looser with my trading guidelines for other assets. Monero has also proven difficult to trade in recent years... it has had some volatile swings but overall has broadly kept its value.
The recent cryptocurrency downtrend, led by Bitcoin, has finally caused the otherwise resilient Monero to break back into the 140 range. 140 on Monero for the last several years I have seen as "fair value" to accumulate. This is also the 50% Retracement of the recent trend and the Volume Profile Point of Control.
$XMR is back on track againSince the drawdown by major exchanges, OMXSTO:XMR has seen big losses
But now on the last weeks, it has regained previous price area!
One more evidence of an algorithmic price behavior in crypto markets
If you want to know more about how you can leverage your game with algorithmic price behaviors, just check my signature link
Could Monero make new high?I am wondering and i am sure alot of holders are wondering too!
I believe it has Bullish structure
$187 is the breakout level
That we must monitor very carefully.
The privacy sector in #crypto is abosilutely miniscule compared to #memecoins which totally dwarfs them
Yet privacy is one of the few unique use cases that is very much .. as a system backup..
Fungibility / Privacy is not coming to #Bitcoin anytime soon or ever.
#HVF
@TheCryptoSniper
XMRUSDT: Bullish Butterfly Update: Bullish Breakout Seems LikelyXMR, despite the spot pairing having been delisted on Binance a few months ago, has survived and held above the PCZ that was of very much importance to the historic price action. During the delisting XMR had sold off back down to the PCZ in record volumes on the exchange, however, in spite of record selling the support still held, since then, the price has stagnated at this level potentially hinting towards accumulation. If the Support had Broken XMR likely would have crashed all the way back down to 20 but for the time being the coin has proven resilient at this price level and it would seem that we will soon be marking up to significantly higher prices as the diagonal Bearish Trend seems to be coming to a close.
Monero (XMR) or Moonero?Greetings citizens of the world
Monero price today is $145 with a 24 hour trading volume of 100 million dollar. XMR price is up 0.7% in the last 24 hours and 7% since last week
Monero is the top privacy centric cryptocurrency based on the CryptoNote protocol, a secure, private and untraceable currency system and after what happened to Tornado cash more "people" use XMR.
100-110$ is the most important support level for monero so if you were long from that level take some profit because at 160 we can have a little correction but if we break 160$ then 165,170 and 179 are next targets. If you want to buy monero for long term hold, 100-120$ are good dip zone for loading some coins.
as you see XMR repeat its pattern in downtrend so there is no reason for FOMO or any crazy leverages
XMRUSDT BULLISH SETUP XMR has formed an expanding channel, with a distinct breakout and subsequent pullback occurring at the upper boundary of the channel. Maintaining a steady position above the highlighted key level, we anticipate a reversal or bullish rally back towards the upside. According to our price analysis, we foresee a target in the vicinity of the $151 region or higher.
Downward Risk For MoneroThe price of XMR has recently broken out of a long-term downtrend and exited this pattern. Currently, the price is fluctuating within a specific range and is in a trading range phase. If the price breaks out of this range, it is expected to change by the width of the rectangle. Additionally, if strong bearish patterns form, the price may decrease to the area of the green line.
Monero (XMR): Clear Path for Strong Surges AheadMonero (XMR): CRYPTO:XMRUSD
Monero (XMR) , like many other cryptocurrencies, experienced significant sell-offs but hasn't recovered as robustly as others. This lagging behavior presents an opportunity to capitalize on potential faster and more favorable entry points. Currently, it is believed that Monero might still be at the end of a Wave 2, which could be advantageous as it allows for potential entry points into the market.
Underlyingly, we are in a subordinate Wave 3, expected to reach between $250 and a maximum of $431.
Zooming in, after completing Wave 2 at $101, we've developed Waves (i) and (ii), and are now attempting to complete Wave (iii). This wave is anticipated to reach at least $164, extending up to $233. Following this, we aim to seek initial entries for a possible Wave (iv), aiming to reach at least $250.
Monero is showing an absolutely incredible pattern in the chartsMonero (XMR) is showing an absolutely incredible pattern on the weekly and daily charts. Monero is one of the very few truly decentralized and anonymous blockchain cryptocurrencies on Earth, which is why the powers-that-be are working to make it harder and harder to obtain. This is why it was dropped from the criminal/fraudulent Ponzi scheme known as Binance recently.
I see good things coming for those who hold this crypto in terms of usage.
Good luck, and always use a stop-loss
Z CASH Would you risk one to gain 5?IT seems like a good area to pick up a "asset"
at a previous All time low.
Buying weakness vs strength historically a bad move.
yet..
#MONERO got delisted from #Binance ysterday
Whilst #ZEC has passed their compliance review --- coincidence???
Laughable stuff !!!
But what can we do.
Make some "money" on ZEC
whilst using XMR
if you are that way inclined.
Target 1 seems reasonable this year
Target 2 in 2025 sure why not
and anything beyond from these levels
and still are holding well done to you.
XMR/USDT preparing for resistance Breakout? 👀 🚀Monero💎 Paradisers, turn your attention to #XMRUSDT as it's currently charting a significant course in the market. Positioned in a demand zone, it is gearing up for another attempt to breach a formidable resistance level, hinting at a strong potential for a bullish movement.
💎 Delving into #MONERO market history, we observe its adherence to a descending channel pattern, culminating in a break and subsequent upward movement. Recently, after a rejection from the solid resistance level at $152.20 it is regaining momentum to challenge this threshold again. A successful breakout here could pave the way for a likely upward trend. Should this bullish momentum persist, OMXSTO:XMR is set to target the resistance levels of $188.25.
💎 However, experienced #XMR traders understand that the path in crypto markets isn't always linear. If the anticipated breakout becomes a close call and deviates from expectations, be ready to pivot towards a bullish resurgence from the demand level of $125.56. This should be part of your strategic contingency planning.
💎 Additionally, if #XMR dips below this support level, a strategic shift may be necessary. Such a development would indicate the need for a reassessment of the bullish perspective, requiring an adjustment in strategy to align with the evolving market dynamics. 🌴💰
The Final Zcash Chart Prediction for 2024-2025 Crypto Bull CycleIMHO - Zcash’s primary use case is a private store of wealth. It’s a Swiss Bank Account without the Swiss Bank. ZEC is PRIVATE digital Gold 3.0. The project needs a great wallet experience and a transition to PoS. Hoping new leadership can pull it off
Not anymore so I hear your frustration. Zooko founded Zcash so he gets rewarded like a founder. My guess is he cares far more about Zcash’s ability to provide freedom and privacy to the world than money. Anyhow, thanks for the comment. I personally use Zcash as a Swiss Bank account without the bank and for me, THAT is Zcash’s best use case. Private Bitcoin Digital Gold 3.0.
So why is BTC at 47000 and ZEC at 20 ? Usage has nothing to do with that. Technical properties are having no influence. ZEC is not an object of " speculation " investment. Investment and usage go hand in hand. The" ZEC company" is responsible for this disaster.
It's not speculation. It's serious investment into a product which holds value and is seen as beeing money. The people who are managing ZEC have never had any interest in price or value. It's kind of really strange to me that people who have no interest in money and it's value are trying to create a product which should replace our current money. the code has no value for anybody until you give it real value. This is something what we all do with things. First you need enough people who are seeing the value. Than you need people who are seeing that possible future value and buy it as an investment for the future. Than you can as the value increases do something with it and spend it. Money makes the world go round. Silly socialist ( woke ideas ) always have and always will fail because it goes against human nature. One more thing: In the long term, utility and usage are everything. This statement is correct. One question for you. Many people have developed many very good things. Why does one come to live and others which may be even better don't. What is the difference? That's not a lecture. That's live experience. Silly Ideas are killing humanity ( and ZEC )
www.youtube.com
www.youtube.com
Monero & Zcash - Navigating the Future of PRIVACY COINS📉Hi Traders, Investors and Speculators of Charts📈
For today's post, we're diving into the concept of "privacy coins."
In the modern digital landscape, privacy stands as a paramount concern for businesses, entrepreneurs, and personal transactions. With the soaring popularity and adoption rates of cryptocurrencies, privacy-focused coins like Monero (XMR) and Zcash (ZEC) have garnered attention from investors, developers and users due to their ability to facilitate anonymous transactions.
Unlike conventional cryptocurrencies such as Bitcoin, privacy-focused tokens like Monero and Zcash are designed to obscure blockchain transactions, thereby enhancing user privacy. This unique feature has drawn scrutiny from global governments , which raise concerns about potential misuse for illicit activities like money laundering and terrorist financing.
Recently, in response to regulatory pressures, major crypto exchanges like Binance and Huobi have discontinued support for privacy coins, citing concerns raised by authorities. Additionally, US authorities have imposed sanctions on the utilization of significant crypto mixers like Tornado Cash.
Monero and Zcash, both rooted in the privacy-focused CryptoNote protocol, prioritize transaction security and privacy. While Bitcoin offers pseudonymity, Monero and Zcash were specifically developed to enable anonymous transactions .
📈 Monero (XMR)
Launched in 2014, Monero is an open-source, decentralized cryptocurrency that incorporates robust privacy-enhancing technologies like Ring Signatures, Ring Confidential Transactions (RingCT), and Stealth Addresses. These features make it exceedingly difficult for third parties to trace transactions or identify individuals involved.
📉 Zcash (ZEC)
Zcash utilizes the zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) protocol, which enables users to validate transactions without revealing transaction details. Users can choose between a transparent layer, similar to Bitcoin, and a shielded layer that guarantees complete privacy.
In light of escalating concerns about data breaches and cybercrime, individuals and businesses are increasingly seeking data protection and privacy technologies. Privacy coins cater to this demand by offering a high level of confidentiality in digital transactions , making them particularly useful for merger and acquisition activities and for users valuing financial privacy.
Despite their benefits, privacy coins face significant regulatory challenges worldwide due to concerns about their potential use for criminal activities . Regulatory bodies like the Financial Action Task Force (FATF) are working to establish guidelines to mitigate these risks, potentially impacting the use and adoption of privacy coins.
💭Final Thoughts...
Developers and stakeholders in the crypto industry must address regulatory challenges to strike the right balance between privacy and compliance while advocating for regulations that safeguard user privacy without stifling innovation.
The future of privacy coins remains uncertain amid tightening regulations and security concerns. However, as businesses and individuals increasingly prioritize digital privacy, there is a growing demand for innovative solutions that ensure data protection while complying with regulatory requirements.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
CryptoCheck
BYBIT:XMRUSDT.P BYBIT:ZECUSDT.P
Monero one of those "wish I bought more"sYesterday Monero CRYPTO:XMRUSD dipped over -30% on new that Binance was going to delist it and other multichain (privacy based) currencies.
When I first saw the drop of my watchlist I feared that some part of the Monero protocol had been broken and that its privacy focus had been circumvented. Once I informed myself of the "reason" for the drop I became more bullish on Monero. The fact that it was being delisted for being "too private" means the protocol is working as intended.
I suspect that the drop was due to users of the largest crypto trading platform being forced to sell their holdings or covert them into other currencies to get them off the Binance platform. This is likely one of those price events where once the market realizes there is no fundamental change to the asset price recovers quickly.
From a technical standpoint; CRYPTO:XMRUSD Did not even hit the July 2022 critical low in this move.
Monero Playable- Well this chart will be a bit difficult to understand, so follow the graph and the famous bubbles..
- XMR i a strong privacy coin, notice the asymmetry from 2018 to 2022. stunning!
- XMR is not an FTX shitty token or a scam coin, this project is here to stay.
- Monero is comparable to Litecoin, they start always their bullish trends before the other altcoins.
- Litecoin because of his halving earlier than BTC, XMR because it's like the little brother of TheKing for the Darknet.
- So to play this trade you have to follow BTC movements, because if BTC dip more you know already what will happen to XMR..!
- Remember also that for now we could go sideway for while and it could be very boring, so be patient.
- Play like a robot don't be greedy, respect your gains and take your lose or hodl (up to your strategy).
- Always invest what you can afford to lose.
----------------------------------------------------------------
Trading Part ( Look the chart to understand more )
----------------------------------------------------------------
Now : Nothing to buy !! ZERO !
----------------------------------------------------------------
Scenario 1 : Play the Dip ( Dangerous mode )
----------------------------------------------------------------
- Buy 120$
- Rebuy 100$
- TP1 170$
- TP2 250$
- TP3 350$
- SL : 95$
----------------------------------------------------------------
Scenario 2 : Play the Breakout ( Soft mode )
----------------------------------------------------------------
- Buy 180$
- TP2 250$
- TP3 350$
- SL : 165$
----------------------------------------------------------------
- if you understood my chart, i can tell you, Bravo!
Happy Tr4Ding !