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Monero

Monero Price Analysis — April 20Unlike other cryptos, Monero has maintained a steady upward trajectory since its slump to the $132 low in late February. The privacy cryptocurrency has exhibited significant resilience by remaining unmoving during broader market bearish runs but following bullish waves. That said, XMR tapped its highest level since November 21 on Monday after hitting the $270 mark but recorded a sharp correction to the $250 mark shortly afterward. However, the bearish correction appears to have run its course, as the cryptocurrency rebounded above the $260 mark in the early session on Wednesday. I expect a retest of the $270 top, where my two-month-long channel top resides, over the coming hours, which should prompt a leg up towards $290. Meanwhile, my resistance levels are at $270, $280, and $290, and my support levels are at $250, $240, and $230. Total Market Capitalization: $1.92 trillion Monero Market Capitalization: $4.7 billion Monero Dominance: 0.24% Market Rank: #32
XLong
by Mr_Wogbe_Alex
#Monero adds 90% From Q1 2022 Lows, Will #XMR Rally to $300? Past Performance of Monero Monero is stable in the previous 24 hours but up eight percent versus the USDT in the previous trading week. Technically, buyers are in control, adding roughly 90 percent from Q1 2022 lows. #XMR remains bullish above April 18 lows and the support line marked by the flexible 20-day moving average from the daily chart. Monero Technical Analysis Overall, #Monero buyers have the upper hand reading from the candlestick arrangement in the daily chart. Even though the uptrend's momentum appears to be slowing down, the inability of sellers to completely unwind the gains of April 18 and break below the $230 signal strength. As a result, traders may find entries on dips above $230 with an immediate target at $300. On another approach, risk-averse buyers can wait for a clean break above $270 before trading with the primary trend. If sellers press lower, losses below April 18 lows and, most importantly, the middle BB may entail a bear breakout, possibly driving XMR towards $185. What to Expect from XMR? Monero is firm to the upside, finding support above the middle BB. Based on the formation in the daily chart, XMR may float higher to $300 provided buyers sustain prices above spot rates. Resistance level to watch out for: $270 Support level to watch out for: $230 Disclaimer: Opinions expressed are not investment advice. Do your research.
XLong
by Bitcoin_Analyzer
Golden Pocket Retracement to $380 for Monero! 🚀🚀🚀Hey Traders, As you can see, the Weekly Candles of XMR (Xonero) reveal a Falling Wedge pattern via the bodies. After a large downtrend, the 0.618 level from the peak to the trough is the most common retracement zone (AKA the Golden Pocket). The price breakout out of the falling wedge is also set near $400 (based on the first impulse-up move within the pattern). The ABCDE Elliot wave is not that accurate so it is just for show... Tp at $380 Another reason why XMR recently pumped is that an exchange had someone's balance on paper, not actually in reserves. So someone with a very large amount needed to withdraw so the exchange bought the XMR all at once in order for the person to move it. This was a coordinated move by the Monero community to test the exchange's reserves which ultimately proved correct. Safe Trading, -Pulkanator
XLong
by Pulkanatir
6
Monero breakout! (XMR) poised for a run!I realize that it is floppy Friday, (...and tax day for us stupid Americans) . However, Monero has been continually making positive moves throughout this entire last bearish 10-14 days we've had with BTC and the rest of the crypto-verse. I have been following Monero more closely than any other coin/token/currency that I chart. I've been mining XMR using cheap CPUs since 2018, and have been heavily invested since fall of 2017. I personally just sold all of my Ethereum and threw it into XMR. if anything... I'd be on the lookout ♠️🤫🐿
Long
by FutureAmericanExpat
XMRUSD More rise ahead or pull-back to lows?Monero (XMRUSD) has been very strong since the February 25 Double Bottom as it almost reached the early January High. In doing so, it broke above the Lower Highs trend-line of the May 07 All Time High (ATH) and the 1D MA200 (orange trend-line). It is possible that within this month, it will form a 1D Golden Cross (when the 1D MA50 (blue) crosses above the 1D MA200). The last time the price broke above such a long-term Lower Highs trend-line and formed a 1D Golden Cross after, was in early 2019 when Monero and the whole market was starting to recover from the 2018 Bear Cycle. The difference is that in 2019 it peaked just below the 0.5 Fibonacci retracement level after forming the Golden Cross, while now it has already come very close to the 0.5 Fib without having formed the Golden Cross. The question is, are we too soon or too late on the fractal? The RSI on the 1W time-frame seems to support that we are too soon and there is still room to rise, despite having almost reached the 0.5 Fib already. Basically it looks quite a lot like the Golden Cross of May 2020, when the market was recovering from the March COVID flash crash. In both cases, the price always tested the 1D MA50 before rising any further and that is what we are expecting to happen here before a new rally to the 0.618 Fib at $307.00. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
KRAKEN:XMRUSD
by TradingShot
1
Monero (XMR) insanely undervalued!Throughout the last 7 weeks since the beginning of the geo-political turmoil, XMR has continued a steady, albeit slow, predictable rise through all manner of chop coming from BTC and ETH. You can even see large parabolic downshifts in which -within a matter of hours, or a couple days- Monero returns to the exact same trend, as if nothing had ever taken place. I am currently working on a video about this overall positive Monero trend going on; with that being said, Monero is incredibly undervalued right now. ♠️🤫🐿
Long
by FutureAmericanExpat
8
$XMR XMR/BTC Time to finally say "GM" to the Sweet Prince?I absolutely love everything about Monero. The absolute, undisputed king of privacy coins, the untraceable, fungible supermoney to back Bitcoin. A dead God once told me that Monero is what Bitcoin should've been. Together they (us) will win. Monero is money Bitcoin is gold With that psychotic rant out of the way, Monero looks like it is primed for pumpin g. This is a retest of 20 October 2021 micro bottom, January-April 2021 cycle bottom, and eternal resistance of the early years 2014-2016 for resistance/support switch. Possibility of higher low forming on the weekly. XMR/USD has tapped ath, now crawling back. Normie catapults on. Word of warning: Monero can be paper traded on exchanges at will. Should the eternal R/S fail, bail. Also, Monero is hated by the governments as it represent freedom from authoritarian control. -DDD
Long
by DeadDragonsDream
1