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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
XMR - Monero / BTC Showing Signs of Life - Part 4Monday 11th April 2022 Welcome privacy advocates. Monero Champions It has been a consolidatory sideways weekend for BTC, but a great weekend for Monero in terms of BTC price. On the 2 day chart we are at a green TD 8 count. We have green TD count up dots below all bars and achieved a qualifier "Q" bar on the TD 7 7 and 8 wicked up to just below the 1.272 fib extension of 0.005814 With 1 day and 17 ours to go on the 8 and 2 full days for the 9 to perfect, we could see price continue to more up towards the 0.006035 area, at the 1.414 fib extension All MA's are below the price now, 33, 88 and 147 day. Tenkin is still above Kenjun line Price is well above the Tenkin line Volume is looking good. The top of the Ichimoku Cloud is sitting at 0.004958 33 and 88 day MA's are curling up into the cloud If we see price pull back, between the 33 day and 147 day MA's look good, 0.004456 - 0.004913 Money flow is still green, but has not crossed the zero line. It should cross positive once this candle has closed out. Which where, historically, it has reverted back and flipped negative again, traders taking profits back into BTC. Squeeze momentum has been strong, staying green for quite sometime now. It faded to a dark green, an over the last 6 days has gained strength going bright green and rising strongly. The previous high in squeeze momentum was on the 15th January where price hit 0.005384. On the second Bad Ass Bollinger Band chart I will link to this, TD resistance dots are sitting at 0.0061 Money flow has flattened and the price volume oscillator is still not in overcooked territory, and still rising sharply. There will more than likely be a pullback between current price of 0.005700 and 0.0061 Let's see where it goes privacy freaks! 1 CPU, 1 vote1! Random X's all the way!
X
by kryptologic
Miners inching closer to triggering this double bottom.Looks like if this triggers it should head to $240. Luna has already reached its double bottom measured move target and the market as a whole has only recently switched from the downtrend correction back to an uptrend s this all increases the probability of this double bottom on mongers both triggering and reaching its measured move target. Of course yas always you should always wait for confirmation of the breakout. I don’t own any modern but couldn’t resist charting this obvious double bottom scenario. *not financial advice*
KRAKEN:XMRUSDLong
by DrDovetail
2
Monero (XMR) - April 11hello? Traders, welcome. If you "follow", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (XMRUSDT 1W Chart) Resistance: 280.3-311.3 Support: 125.0-156.0 (buy) - After confirming the support in 239.9 - After confirming the support in 218.2 (Stop Loss) - When it falls below 190.0 (Sell) - When receiving resistance in the section 280.3-311.3 - When receiving resistance near 404.5 Careful trading is necessary as there is a possibility of a wiggle up and down to cross the 60 SMA line passing near 239.9. If it rises above the 280.3-311.3 section, it is expected to surge. ------------------------------------------------------------ ------------------------------------------- ** 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-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet. (Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.) ** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator. Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line) ** 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.) ---------------------------------
X
by readCrypto
XMR - Monero / BTC Showing Signs of Life - Part 3Friday 8th April 2022 Monertopia kicks off this week Monero has been moving higher Monero punched through the Upper Orange Bollinger Band, last month on the 7th. She has broken out of the yellow triangle I drew, on a strong looking TD 7 green candle. But previous to that, she has not gone passed it since 19th April to 20th May 2021, 1 year ago. The most recent high's of 0.005398 in 17th January 2022. This will act as resistance, which I have drawn as the solid red line, as well as the TD resistance pink dots just above at 0.006218 If we can surpass to most recent high of 0.005398, and close above, this will be a strong sign for Monero going forward in my opinion. On the weekly, we should have another two weeks of upward price action if the TD count is to be perfected. MACD has been bright green for 4 weeks Money flow is still rising green, but has not crossed the zero line as yet, sitting at -0.091221 Volume and Price Oscillator is not overcooked yet, still in the light orange zone, when it hits the dark orange zone, it will be time to get cautious and take some profits. Let's see if the indicator triggers a sell signal Let's see where it goes you privacy freaks! Giddy up!
X
by kryptologic