$XMR CUP & HANDLE $6000 targetcup and handle
base measure coincides with fib extension
$6,000 target
some day in the future
maybe
Monero
XMR - MMSM - 31.05.22 - Daily SFP around Supply Block -Long-Term Perspective :
narrative:
Price is retesting a daily supply block and created a swing failure pattern with yesterdays monday candle. I assume Resistance to hold until proven otherwise.
Instead of blindly shorting this market I will wait for certain price trigger to get into the trade.
Draw on Liquidity (DOL):
- upside Liquidity is taken
- downside FVG around 188$
Intermediate Perspective :
notes on the chart below
$XMR - Price entered Bullish Breaker - Will Act as support *SMT* My Last XMR Signal did not go as well. However, I believe I found where I went wrong and will be able to correct it with this signal.
*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.
So we have a long term Low High Lower-Lower formation in the upward movement of the price action of the chart. The high candle is the the Breaker. This is part of Smart money theory that's hard to explain without giving a video. But the price at this point should not get lower than the last up candle between 170 and 175. My entrance was 175.50. Stop loss is 169 and aiming bullish for the inverse ofr the 62% around 194.50. Then it might return lower, I'm not sure. But I think this Breaker Will hold and cause a short bullish run at least.
Closer up of the the chart
After it completes the run, The I have a feeling it will have another decent fall into the imbalance belowe the currrent support as seen pictured here:
Lastly, if the price stays near where it is, it is in confluence with the exit of the trade as there is a bearish order block right at the price near 194-195
As for now. I'll be on top of this trade and keep it updated as much as I can. I'm only trading 3 cryptos right now, BTC,ETH, and XMR. We'll see if I'm right this time.
SKILLING:XMRUSD
GATEIO:XMRUSDT
#XMR - Remins Bullish Aiming for Equal HighsI entered around 190, BY THE timr I posted this it was already 194. In tough timers, look to monero to get you out from under. I've been scalping BTC and ETH. bUT Longing Monero aklways at thje right time. Started with a $100 account for fun in futures, nit at $449 in 2 wees.
Now, a larger time frame it did get rejected zt bearish order block (Chart in messae) fahard but rebounded even harder. There's Natural iquidity sitting above the doyble eual highs. That.s where U believe you can take A BULK of you positino off and continue to see where the trade is headed.
HTF CHART
I don't think ETH amd BTC have hit their lows yet, But Monero will be the one to watch as it continues to climb.
MONEROXMR/USDT i see this Rising Wedge Pattern is just broke and i take SHORT POSITION
Entry - 194
TP - 150
SL - 209
XMRUSDT (MONERO) Daily TA : 05.26.22If you're in profit you can close 50% of your position and just leave the rest of it for more gain . If price can break this resistance the nexty target will be $ 265 .
Follow us for more analysis & Feel free to ask any questions you have, we are here to help.
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 05.26.2022
⚠️(DYOR)
❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
XMR/USDT breakout Breakout happening on daily price action. Waiting for WMI to confirm money flow to the positive side to engage in trade.
Monero leading the way to end bull market?
Reverse Head and Shoulders for MoneroA little reverse head a shoulders action for Monero... (jeez, I come back stateside and the whole neighborhood is gone. It's going to be okay everybody!)
XMR - I am bullish on privacy !!The recent crypto melt down has not changed my call on Monero relative to BTC.
I have been shaken out of my position and I already regret it.
The long term outperformance of XMR relative to bitcoin is still valid.
The downturn only provided a strong backtest of the breakout.
PRESENTLY THIS IS A NO BRAINER !
XMR - have still difficulties in being bearishXMR has violated support on the 185 - 189 USD level.
However it reclamed that level very rapidely.
MONERO has formed a beautiful cup & handle pattern on the USD pair.
Difficult to be bearish - despite present market conditions.
Monero (XMR) - May 23hello?
Traders, welcome.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(XMRUSDT 1W Chart)
Resistance: around 218.2
Support: 125-156
It is important to be able to walk sideways in the 156-218.2 section.
125.0 and below are likely to enter the mid- to long-term investment area.
(1D chart)
Primary resistance: around 190.0
Secondary resistance: around 218.2
1st support: 156.0-170.6
2nd support: around 125.0
If it fails to move above 190.0, we should see if there is support above 170.6.
------------------------------------------------------------ -----------------------------------------------------
** 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 the sake of 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.)
---------------------------------
Monero the real Bitcoin.Unlike other alts Monero idea was simple and achievable. Take bitcoin -> Make it private. Since then Defi bridges have been created. Visualization ID's is a feature. It is now perhaps the most complete blockchain out there. It is a no-brainer at current prices and if there is a crypto I would bet my last cent house and go homeless for it is Monero.
At current levels it is one of the hardest to mine. In terms of features it is a ready made product with many applications, one of them being the possibility to store ID data in a way that respects privacy! The future of monero is by far the brightest within the crypto industry.
I will die on this hill but by the time my grandkids are old I have 100% trust Monero will be the next gold standard and possibly become a reserve currency.
ETH whales cashing out to XMR? Record XMR/ETH Volume on Binance!Interesting data. This pair has been bleeding for months and suddenly it rebounds with some SERIOUS volume! I haven't seen anything like this.
This is a great sign for Monero I think. A lot of people made a LOT of money off of Ethereum the past couple years. Naturally, when you make money your next goal (after the hookers/cocaine honeymoon period wears off) is to ensure wealth preservation and protection. In the cryptospace, there is no other asset focusing on user protection as much as monero.
I haven't traded any ETH for XMR (because I have very little ETH and I hold XMR already) but I will come back here to check in on this ratio perhaps.
Market Cycles | XMR as an example Hi guys! Please, support this idea and click the LIKE button. Thank you!
You can't just copy & paste the previous cycle and expect the same % return, because trends can't keep the same angle
As the market cap of an asset grows, it becomes harder to move the asset since more capital is required. That’s why in the first cycle we see the wildest uptrends & steepest corrections.
In 2014 Monero (XMR) had a downtrend of -64°
Next Cycle -64° turns into -41° as XMR gains more capital & participants
Now we're in the 3rd downtrend and it's even less aggressive - only -18° (and I expect it to take more time to reach the bottom)
I also like the math: 64-41=23
Every next downtrend is less steep by 23°
41-23=18° - perfectly matches the 3rd downtrend we're currently in
Same math can be applied to the uptrends. So we can expect the next Uptrend have 25° of steepness (it will take several years to reach an ATH)
What does all this mean?
Well, probably you should look for opportunities to participate in the first cycles.
Forget about old coins (since they also lose in technology to new projects and become less relevant) and pay attention to the new ones. Accumulate them after the downtrend 1 and multiply your capital during the following uptrend.
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss updates
The information given is never financial advice. Always do your own research
XMR - Where Are You Bulls?Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
WEEKLY: Left Chart
XMR is overall bearish however it is currently sitting around a strong support zone (120.0) so we will be "looking" for buy setups on lower timeframes.
H4: Right Chart
XMR is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form "and then" buy after a momentum candle close above it (gray zone)
Meanwhile, until the buy is activated, XMR can still trade lower inside the support zone or even break it downward to test the lower support (50.0)
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
LINK vs XMR Hi guys! Please, support this idea by clicking the LIKE button. Thank you!
LINK (Chainlink) looks horrendous. The price is breaking down the support of a Massive Descending Triangle, ultimate Target of which is $4-5
Keep in mind that LINK had a decent multi-year uptrend. Now it's time for a clear bear cycle
The overall picture looks almost identical to what Monero (XMR) printed in 2017-2018. The same long uptrend and the same Descending Triangle at the Top. Will the outcome be different this time? I doubt it
What do you think about it? Share your thoughts in the comments!
If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss our updates
The information given is never financial advice. Always do your own research
Monero - Are the Bears going to win this⁉️💎The long-term trend for Monero is bullish as long as we hold the highlighted support zone. But are bulls strong enough to defend it?
💎Today XMR/USDT is back at the major monthly support zone after a heavy selloff this week. The selling pressure is rising once again with a big volume which suggests that bears are trying to push XMR below the demand zone.
💎Right now, the risk/reward buying opportunity is very good, but the probability of holding this uptrend to higher targets of 20-50%+ remains low. For a professional trade setup, there must be a combination of a good RR and a high probability of a trend, and we are waiting for such a confirmation before we take an action.
💎Soon we will find out if support is respected and MACD forms a bullish divergence or breaks lower. We are getting ready for a huge ...
XMR - dead cat bounce ?Monero loosing momentum and getting into a H4 downtrend + 232 level flipping resistance
Invalidation is large as volatility could be high next week : reduce half position at 245 // close at 260
TP on next horizontal levels : 179 & 138
Cheers
Bitcoin: Head and Shoulders, ticket outThis could be our ticket back to long Bitcoin positions.
(Meaning that this could be our ticket back to holding virtually any cryptocurrency and having it again be lucrative in a long position).
BTC has once again proven the time-tested adage that when Big B wants to move, the rest of the market like-it or not, is going to be moving with it. --This goes for everything except Monero and some other privacy coins. Which makes me incredibly happy, but that's a topic for another post.
Good luck and Godspeed everyone. 🫡
♠️🤫🐿
Open Short Position on XMRUSDT!I dont know why I lost the XMRUSDT and didn't continue to track it. Did you remember my Idea on this coin? I should follow it after cross over out the Chanel!!
I opened the Short position just few Minutes ago in order to study more about its price movement.
