#Monero Surges 60% from 2022 Lows, XMR Prices May Retest $180Past Performance of Monero
Monero prices are rising with the tide, adding approximately 60 percent from 2022 lows. At spot rates, buyers are in control, and prices are ticking higher in a bullish continuation pattern. Notably, from the daily chart, XMR is up 12 percent in the past trading week after breaking above $130 and May 2022 lows.
#Monero Technical Analysis
As per the formation in the daily chart, XMR bulls are in control. Following the break above $135 last weekend, the follow-through on July 18 was with rising trading volumes pointing to confidence. As XMR prices edge higher and XMR bars ride the upper BB, every low could provide traders with an opportunity to double down, with the first target being $185, a key reaction point in H2 2022. This preview is valid only if prices hold above $130 and the dynamic support level, the middle BB.
What to Expect from #XMR?
Monero bulls are edging higher, riding the rising crypto tide favoring bulls. In the daily chart, XMR is above $130, a former resistance level, now support. Monero could soar to retest May 2022 highs if the upside momentum is sustained.
Resistance level to watch out for: $185
Support level to watch out for: $130
Disclaimer: Opinions expressed are not investment advice. Do your research.
Monero
Zcash vs Bitcoin has Death Cross Impending or Mega RallyFoundational upgrade delivered without causing a network or market crisis. This is now a potential green-light for Zcash to continue to outperform against Bitcoin
If the local levels are rejected during rally attempts (003500 and 004000 namely) then this will move much lower toward 002000
electriccoin.co
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XMR is looking super bullishOpening Long on XMR with Stop loss below 130, three targets are profit taking zones. Stop loss should be manual not automatic wait for 4 hourly candle to close below 130 to trigger stop loss. this trade will give 160% profit
XMRUSD Middle Band Long Term SupportXMRUSD has fallen to the Monthly middle Gaussian Channel Band
This has been proven as a support level since 2015
This area is a great candidate for a strong reversal
Monero Long-Term Extremely Bullish (90% Potential Profits)Monero is a classic within the cryptocurrency market and we have a great chart on this pair; Extremely bullish.
This is the weekly timeframe for XMRBTC (Monero vs Bitcoin).
Notice the triangle, the upper down-trendline has been broken.
XMRBTC is trading above EMA50 and EMA100 weekly, this signal here is 7x stronger than on the daily timeframe.
The RSI is also really strong while trending higher.
The trading volume is stil low...
But as the chart is bullish, this is a continuation signal rather than a bearish one.
A 90%+ target easily accessible on the chart.
Thanks again.
If you read through all the articles you are a genius...
Namaste.
Monero HikeMonero looks to be heading to the upside. a double bottom break seems to be forming on the DAILY and structure with in the 4H and the 1H correlate in a bullish trend. The 1H is moving into Fibonacci retracement levels providing a great opportunity for a temporary long position on XMR.
$XMR - Short the week - It should bounce back around $105 *SMT**SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.*
As XMR just finished creating the Break of Structure on the low side and came up short of breaking the structure on the high side, it appears that this was just a runned attempt at a bearish order block to be rejected back down into the last 4 hour fair value gap area. I marked the weekly consequential encroachment (Half of the weekly FVG, $121-122) and entered short there....As it's rejected it starts to head toward the bottom of the 4 hour FVG which is also a confluence at the 79-80% which is where most rebounds happen. and that number is 104-105 as an opening. On this one I could go either way but the earlier I enterered the less of % wager I would press and low leverage. The later the stage it gets the later you enter the more you can wager and add leverage.
And taking from the smart money playbook the earlier and sharper the price rises during the week , the more it will fall as the week goes on. Low possibly being on Friday or Saturday, looking for it to get around 105 by then.
If you watch the analysis week by week, It's an obvious pattern.
WEEK 1:
WEEK 2:
WEEK 3:
Current Week:
Good luck and happy trading.
Monero Weekly (Long-Term)Here we have mutliple years of data for Monero vs Bitcoin (XMRBTC).
Let's read the chart.
We have a bullish bias based on the fact that a low was set in December 2020 that has never been tested again.
We see a consolidation pattern forming, lower highs and higher lows...
This will lead to a pressure point where a break will occur.
We also have a cup & handle pattern starting around August 2021.
And last week prices closed above EMA50.
The RSI at 56 is really good on the weekly.
Monero is good to buy and hold long-term.
A good place to let some crypto-funds rest.
This is not financial advice.
Thanks a lot for the continued support.
Namaste.
XMR - Monero is weak☠️Reasons to take short:
⭐️ Today BTC futures exprire, I expect trend reversal for BTC
⭐️ Trendline 8 days long
⭐️ Trendline is clean
⭐️ Price is squeezing to the trendline
⭐️ 4th touch
⭐️ 22 ATR
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
XMR/BTC - Previous Resistance Acting as SupportQuick Idea. "Monerun", or coordinated mass withdrawals, clearly hit exchanges where it hurt. Monero quickly began to outperform the market during the week of the event.
A retrace is expected, although many thought we would surpass $300 before seeing it, hindsight is 20/20 and it's clear this IS the retrace.
This could prove to be a great place to buy in if this previous resistance holds as support. Otherwise, I'd expect a move down to 0.0048.
Considering we were < 0.004 at the beginning of the year, I think this all still within healthy bullish macro behavior and monero will end the year strongly.
#Monero may Rally another 17% if XMR Bulls Break $120Past Performance of Monero
Monero prices are floating higher, rising with the crypto tide. It is up five percent in the last trading day, bottoming up from the 2022 lows. Technically, buyers are steady, and prices are consolidating within a $20 zone. The immediate support is $100, while resistance is $120. As prices edge higher, a break above this liquidation level at $120 may spark more demand, fast-tracking the expansion of XMR prices in subsequent sessions.
#Monero Technical Analysis
Traders appear confident, reading from the formation in the daily chart. Sellers remain in charge from a top-down analysis since resistance is at $120. If bulls build on gains of June 19, a close above $120 may draw in more buyers targeting $140. This is the 78.6 percent Fibonacci retracement level and May 2022 lows of the April to June 2022 trade range. Still, bears would be back in the picture if prices pullback from spot levels to below $100 with rising trading volumes.
What to Expect from #XMR?
Monero is rising as trading sentiment shifts. Gains above $120 may see the coin add more than 25 percent to a critical reaction point in the short term. Nonetheless, XMR sellers are in control from an Effort versus Results perspective.
Resistance level to watch out for: $120
Support level to watch out for: $100
Disclaimer: Opinions expressed are not investment advice. Do your research.
Monero (XMR) - June 16hello?
Traders, welcome.
If you "follow", you can always get new information quickly.
Please also click "Like".
Have a good day.
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(XMRUSDT 1W Chart)
121.8 or less is likely to be a mid- to long-term investment area.
Therefore, the key issue is whether it can rise above 121.8 and receive support.
(1D chart)
If it fails to rise above 121.8, there is a possibility that it may decline to around 61.5-84.6, so careful trading is required.
I think that the volume profile section formed over the section 61.5-84.6 is the source of the power that supports XMR.
Therefore, if you see support in the 61.5-84.6 section or higher, you can start buying from a mid- to long-term perspective.
However, if it fails to rise above the 121.8 point, we will have to increase the number of coins corresponding to profits through short-term trading.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator will move accordingly as price and volume move.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet.
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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XMRUSDXMRUSD
The chart was in an uptrend. The trend line has been broken
Target-price 1 - 173
Target-price 2 - 158
Target-price 3 - 141
Why is Crypto Crashing? Is Celsius Insolvent?BIG NEWS out this evening of June 12, 2022. Celsius, a leading crypto lending platform, has halted withdrawals. Historically, this is a sign that a platform is fearing a "bank run" scenario and is willing to sacrifice customer trust to maintain financial solvency. Rumors have been swirling this week but now it is confirmed.
In this video I share what this has historically meant and share my opinion on what I think investors should be watching.
The financial news tomorrow will no doubt cite this news as the "reason" for the weekend crash... but Technical Analysis was clear going into June that crypto was in a bearish cycle and major supports were already breaking.
DASH USD : DASH CORRECTION COMPLETE TARGET $3000I took a fractal from BTC showing that DASH is playing out very similarly. The suckers rally has finished and the correction is over in DASH and now the real major rally is about to start. I see a target of about $3000 maybe even higher with the blow off. Good place to accumulate DASH at these prices. This is not financial advice this is just my opinion. Thank you
XMR MoneroHey guys,
I just entered a long trade in Monero, breaking out of this medium term triangle... Thanks to Sheldon "the Sniper" at Crytpo Banter, I have had a lot of success drawing trend lines, and taking trades henceforth.
I hope this plays out well in our favor.. I hope it goes up to the roof of the triangle, and keeps following this shape..
I want to take profit at levels between 191.30 and 192.90. Don't try to catch the last buck, ladies and gentlemen.
God bless yall, and have great day in Jesus name!
-Thomas
XMR US draft bill to eliminate anonymous crypto projectsMonero's (XMR) is popular due to its ability to help anonymize users.
The transactions are much more difficult to trace because they use stealth addresses.
But that is not what regulators want for the crypto space.
A leaked copy of US draft bill proposes to eliminate anonymous crypto projects.
DAOs, DeFi and exchanges will be required to legally register in the US!
After XMR hit the $200 resistance, i think it will drop to $137.
Looking forward to read your opinion about it.
XST STEALTH USD : 230x POTENTIAL SETUP, BULL FLAG! $2.80XST STEALTH looks really good in my opinion. This project hasn't not had much attention in the past couple of years but thats what usually happens, then they explode out of no where. XST still has a hard working team and has been active and busy even through the years where XST had little to no interest from the crypto community. They still are pushing on, upgrading, improving, and just working hard on a project they believe in. This one could be a hidden gem. Yes risk is high but reward is much higher in my opinion. Sometimes these project when they run up so fast like Stealth did in 2017, where it went from $.002 (1/5 of a penny) to $1.90 thats a rise of almost 1000x that is 100,000% rise in ONE YEAR! When this happens then a long drawn out correction is necessary and we are nearing the end of this correction in my opinion. What caused XST to climb 100,000% in one year? Obviously there was a reason and some serious interest in it to have that happen. The fundamentals are still there and they are still working, thats all I need to know that this project could absolutely take off again in the future. I'm loading up now cause I think the bottom is in. This is not financial advice this is just my opinion. I am also doing many more little hidden gems I have found that are nearing the end of their corrections, if you are interested follow me and check out the rest of them, and leave me a like and comment if you appreciate this content.. Thank you
XMRUSDT SHORTHello my friends , xmr showing the double top pattern in DAILY TIMEFRAME , so here is the level xmr possibily can reach !
not financial advice
XMR Monero riseMultiple channels have confluence of resistance at 225-228 that price will likely meet if CCI breakouts of its downward trend soon.
Inverse head and shoulders printing with a measured move to 246.
Bitcoin BTC TREND spotted! (and XMR!)After 3 weeks -- we have ourselves a solid trend on the 4H res.
Now this is Bitcoin, obviously. Y'all know I am a die-hard $XMR Monero privacy focused individual that keeps his portfolio geared almost exclusively to that realm of cryptocurrency.
Nevertheless, with that being said, when the market is this uncertain and dare-I-say, f'ing abysmal-- Bitcoin $BTC Big B the boss runs the show unfortunately.
However ! Since that one country invaded that other country back in late February, $XMR Monero has began to simply do its own thing, showing signs of moving AGAINST Bitcoin. I have posted evidence of this throughout all my Monero posts since the end of February. --Hell, it moved against the bossman for almost 6-7 weeks while the rest of the market staggered or tanked. THIS is more of what I want to see.
I apologize about being AMA for a bit. I work for a living, with crypto giving me the opportunity to work a little less and maybe (if the world doesn't end) retire a bit early. Also, with the market being as toast as it was (...is), I am not a short trader. --At least not usually.
♠️🐿🤫
