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Monero

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
XMR (Monero) Coin Analysis 01/04/2022Fundamental Analysis: Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography. The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are. Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship. There are several things that make Monero unique. One of the project’s biggest aims is achieving the greatest level of decentralization possible, meaning that a user doesn’t need to trust anyone else on the network. Privacy is achieved through a few distinctive features. Whereas each Bitcoin in circulation has its own serial number, meaning that cryptocurrency usage can be monitored, XMR is completely fungible. By default, details about senders, recipients and the amount of crypto being transferred are obscured — and Monero advocates says this offers an upper hand over rival privacy coins such as Zcash, which are “selectively transparent.” Obfuscation is achieved through the use of ring signatures. Here, past transaction outputs are picked from the blockchain and act as decoys, meaning that outside observers can’t tell who signed it. If Milo was sending 200 XMR to Meli, this amount could also be split into random chunks to add a further level of difficulty. To ensure that transactions cannot be linked to one another, stealth addresses are created for every single transaction that are only used once. All of these distinctive features have led to XMR being increasingly used for illicit transactions instead of Bitcoin — especially on darknet markets. Governments around the world, especially the U.S., have also offered hundreds of thousands of dollars to anyone who can crack Monero’s code. One of Monero’s main goals has to prevent centralization — and this network uses a consensus mechanism called CryptoNight, which is based on proof-of-work. This prevents large mining farms from becoming a dominant force. Seven developers were initially involved in creating Monero — five of whom decided to remain anonymous. There have been rumors that XMR was also invented by Satoshi Nakamoto, the inventor of Bitcoin. XMR’s origins can be traced back to Bytecoin, a privacy-focused and decentralized cryptocurrency that was launched in 2012. Two years later, a member of the Bitcointalk forum — only known as thankfulfortoday — forked BCN’s codebase, and Monero was born. They had suggested “controversial changes” to Bytecoin that others in the community disagreed with and decided to take matters into their own hands. It’s believed that hundreds of developers have contributed to XMR over the years. Monero is slightly unusual as a token sale wasn’t held for XMR — and no tokens were premined either. At the time of writing, the circulating supply of XMR stands at 18,101,020.00. This cryptocurrency is designed to be resistant to application-specific integrated circuits, which are commonly used for mining new Bitcoin. In theory, this means that it can be possible to mine XMR using everyday computing equipment. Overall, there will eventually be a total of 18.4 million XMR in circulation — and this cap is expected to be reached on May 31, 2022. After this, miners will be incentivized using “tail emissions,” with a small amount of XMR being fed into the system every 60 seconds as a reward. It is believed this approach is more effective than relying on transaction fees. The current CoinMarketCap ranking is #40, with a live market cap of $3,870,661,805 USD. It has a circulating supply of 18,101,020 XMR coins and the max. supply is not available. The Market Cap Technical Analysis of Monero (XMR): Technical Analysis: There exist Bullish Divergence of Total Price Value and MACD which is the sign of bearish trend reversal and start of the new Bullish trendm which may lead to the new economical cycle. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . We have Drown the Fibonacci retracement levels From 0 to ATH. The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Price correction and Reaccumulation. on its Up Formation rally. Currently the Price Value is at 61.8% Fibonacci retracement level; it means it has broken the resistance level and had rechecked it backed and it has been Proved to be the support area . Probably we may not again see the 78.6% Fib or bellow... Our Past Analysis for this Asset Acquisition: Initial Asset Acquisition: Treasury Addition:
XLong
by BitonGroup
XMR (Monero) Coin {Market Cap} Analysis 01/04/2022Technical Analysis: There exist Bullish Divergence of Total Value and MACD which the sign of bearish trend reversal and start of the new Bullish trend which may lead to the new economical cycle, There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some value correction and Reaccumulations, on its Up Formation rally. Currently the Total Value is at 61.8% Fibonacci retracement level; it means, it has broken the resistance level and had rechecked it backed and it has been Proved to be the support area . Probably we may not again see the 61.8% Fib or bellow... 27.5B $ is a fare target for this assets Market Capitalization.
CRYPTOCAP:XMRLong
by BitonGroup
XMR (Monero) Coin Analysis 17/03/2021we had Analyzed the Monero Coin earlier and capitalized on it with two Targets: Fundamentals: Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography. The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are. Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship. There are several things that make Monero unique. One of the project’s biggest aims is achieving the greatest level of decentralization possible, meaning that a user doesn’t need to trust anyone else on the network. Privacy is achieved through a few distinctive features. Whereas each Bitcoin in circulation has its own serial number, meaning that cryptocurrency usage can be monitored, XMR is completely fungible. By default, details about senders, recipients and the amount of crypto being transferred are obscured — and Monero advocates says this offers an upper hand over rival privacy coins such as Zcash, which are “selectively transparent.” Obfuscation is achieved through the use of ring signatures. Here, past transaction outputs are picked from the blockchain and act as decoys, meaning that outside observers can’t tell who signed it. If Ian was sending 200 XMR to Susan, this amount could also be split into random chunks to add a further level of difficulty. To ensure that transactions cannot be linked to one another, stealth addresses are created for every single transaction that are only used once. All of these distinctive features have led to XMR being increasingly used for illicit transactions instead of Bitcoin — especially on darknet markets. Governments around the world, especially the U.S., have also offered hundreds of thousands of dollars to anyone who can crack Monero’s code. Seven developers were initially involved in creating Monero — five of whom decided to remain anonymous. There have been rumors that XMR was also invented by Satoshi Nakamoto, the inventor of Bitcoin. XMR’s origins can be traced back to Bytecoin, a privacy-focused and decentralized cryptocurrency that was launched in 2012. Two years later, a member of the Bitcointalk forum — only known as thankfulfortoday — forked BCN’s codebase, and Monero was born. They had suggested “controversial changes” to Bytecoin that others in the community disagreed with and decided to take matters into their own hands. It’s believed that hundreds of developers have contributed to XMR over the years. Technical Analysis: As you can see the price has broken above the Ascending channel and made a new ATH, retested the TOP boundary of the same Parallels Chanel and is on the its Bullish Rally. there exist a Hidden Bullish Divergence of Price with MACD histogram which is the sign of Bullish trend Continuation and it acts as an other confirmation for the Bull Run. we have defined 3 New Targets with Fibonacci Projection where as ALL 3 are to be Achieved while the price may does Correction and Retracements in the Process.
XLong
by BitonGroup
16
XMR (Monero) Swing Long 30% Profit For those who have entered this $XMR trade, congrats! I have now added 7 TP Points labeled next to the Fibonacci levels. Of course, you book some profits now if you'd like and do expect a little price movement to retest previous levels. I suggest that you do move your SL tighter to the entry or even in front of the entry zone. The 20 EMA has crossed over the 50 EMA on the daily chart and with this momentum, we should see the 20 EMA breakthrough over the 200 EMA which would indicate a price movement up to the take-profit zones I have placed on this updated chart! I will reiterate, expect the price action to come back down a little before we continue to take off.
XLong
by yoyokenwan