Zcash will test your patience forever - Q3 2022 Moon?“Arguing that you don't care about the right to privacy because you have nothing to hide is no different than saying you don't care about free speech because you have nothing to say.”
Monero
XMR Monero at top of downward trend ~T203 to ~T209If XMR can get past this red downward trend line here, I believe we are good to go ...upwards. To say the least. My stop and sale would be at about 209.
XMR Update! Target reached! Update to my Monero videos.
My personal target was reached at 207.4 with a limit sell at 207.44, executed.
This will remain a neutral position video, however I am bullish on all privacy tokens in the long run.
I believe privacy tokens will eventually over the next year or so create their own little ecosystem, with XMR essentially playing as BTC within this niche market-- moving and shaking things.
XMR in the dangerzone, neutral dayA little accountability from me, as well as a brief run-down of Monero's gradual rise.
Also quickly discussing:
-thoughts on how I place my sells
-thoughts on how I look at the aftermath of a large pump,
----and why Monero has created a nice asymmetric, rising triangle; as opposed to how it could have gone if Monero had continued to pump hard. If it did, we would have had a descending triangle much like ZEC is suffering from in the historic sense right now.
XMR is within a triangle now that could very well break up or down within the next two or so days.
I am still long on all privacy tokens in general; in a historic sense. However, when XMR did not break past it's resistance trend yesterday, it has now gotten itself pinned down under fire from both sides.
Be careful and remember to stay conservative on your stops/sells. I highly recommend staying below a daily or weekly pivot by small margin, as not to get stuck with a bag.
--Especially after all us savvy day traders leave right before the two or so drunk XMR 🐳's, drive a proverbial Hummer through the back door of the party, and everyone scatters. 💥
XMR still breakout ready above 2.05 to 2.076XMR sank back down after breaking slightly past the downward trend resistance (coming from March 8th's huge gain).
With the respective correction and gradual 2 week climb back up, XMR is still very much poised to break out to new high not seen yet this year.
Originally, I had assumed Monero would pump as soon as it broke out from that pesky negative trend resistance. However, it did sink back to the neutral pivot, and (thankfully) is now back within the original positive trend channels. XMR is now heading towards a triangle breakout from the convergence of the red negative trend resistance, and the yellow neutral pivot of today creating a nice even angle at the end of the day tomorrow, with the bottom of our positive trend channels.
XMR poised for historic breakout?Volume steadily increases...
While price steadily decreases...
I'm glad that I was able to bring ZEC back out on the daily ticker, on my last video, to observe the historic downward trend; because, I was able to notice something very bullish about Monero. As XMR's price continued to fall over the last year, it's volume steadily increased. This, to me, has always been a sign of a historically dramatic breakout. I don't want to get anyone's panties a'flutter with this, nevertheless, it's just a facet of charting that I've noticed over time.
Volume goes up, while price goes down... they both always meet in a middle for a huge spike.
XMR bursts through the resistance trend!! ~204 to ~208Discussing XMR breaking through the trend to hopefully give us another nice pump up to the first resistance pivot
also discussing ZEC at the end, and the fact that ZEC is on a historical downward trend.
EDIT 03/24/22 @1805hrs MDT just noticed in my little ZEC analysis that historically, ZEC is forming a nice little triangle breakout with my bottom trend line. I think I am going to follow this, chart it some more and see where it goes. Happy trading everyone! ALSO: NOTICE XMR's HISTORIC VOLUME.... 🛫☁☀️👆
XMR (Monero) Swing Long Update$XMR has gone up 18% since the last post after its breakout and retest on the downward trend line. Do take some profits along the way, however, I do expect it to go a little higher
XMRTrying to break the ceiling of the triangle pattern ...
High potential and reliable currency
Two important price levels with green and red are shown as important supports and resistances...
XMR/USDT
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Other analyzes :
Monero Breaking out on the weekly - catalyst for Privacy coinsMonero is breaking out of the largest cup and handle structure in the Crypto Industry and the MACD is turning green on the weekly
This breakout will turn into a long-awaited catalyst for the entire privacy coin sector.
It has been a quiet sector all this Bullrun due to FUD and bad news.
The current political climate has shown the world the need for privacy coins or at least given attention to it.
My second privacy coin investment is a coin called: XTA/ITALO, Which is doing a rebrand into SYFER, fully homomorphic encryption with smart contracts, basically a fully private Ethereum network with barely any fees. The best part is that the market cap is less than 100.000 USD due to marketing not beginning until the Rebrand is done, which is within a couple of weeks.
Good luck, everyone, and don't miss out on this privacy coin run!
XMR surpassed round level -$200 but failed to maintain above itMonero coin retests the psychological round level of $200 once again, but bulls failed to manage the rise above that level.
The XMR coin is trading above the significant moving averages (such as 20,50, and 100 MAS) but remains below the 200-MA line.
The upper boundary of the Bollinger Bands indicator appears to be a bullish barrier in the context of the daily price chart, and the halfway line (20-day moving average) is acting as a support for now
The EMA Ribbon indicator is resisting the 200-EMA line after maintaining price above the green on XMR daily price chart. Thus, the RSI is moving up and shows an inline trendline (blue) on the daily price chart. Furthermore, the Average Directional Index is at 36-points, which suggests a strong bullish trend for the Monero coin.
Monero investors need to push the price of the crypto above the psychological round level of $200 which has been a long-term resistance zone for a long time. Above $200, buyers can look at $230 as the next bullish hurdle.
Support level - $165 and $140
Resistance level - $200 and $230
Is Monero XMR Truly Anonymous?Monero is a cryptocurrency launched in 2014 to provide crypto users with an anonymous Blockchain platform. It is a decentralized cryptocurrency that utilizes a public distributed ledger embedded with privacy-focused technologies to achieve anonymity. It is also an open-source network that ensures that observers cannot decode transactions and activities regarding its cryptocurrency. Monero’s blockchain design is unique, and all transaction details from sender to receiver are kept private. Despite possessing similarities with popular cryptocurrencies like Bitcoin, Monero is quite different in its operation. It currently has the largest community of developers, behind Bitcoin and Ethereum. Like Bitcoin and Ethereum, users can mine Monero, and the process is purely egalitarian. The native and governance token of the blockchain is Monero (XMR). At the launch time, the developers did not reserve any XMR for themselves, as they relied solely on community support.
Monero up by 30%A report that United States President Joe Biden will soon sign an executive order regulating cryptocurrencies sparked a surge in prices for privacy coins, Monero and Zcash this morning.
The privacy coin surge was not clearly linked to Russian sanctions or if this was the reason behind it. Regardless, the surge was a result of something, moving from US$169 to US$204, up 29.2% in an hour and a half.
There were fewer privacy coins with a smaller size. Dash gained 11% to $95. The Pirate Chain price rose 7.4% to $1.11.
Monero Leads Altcoin Rally on MarketAt the beginning of March, Monero also faced a sudden volume and price increase as market players turned their heads toward "private" cryptocurrency solutions. The price of the asset reached $178 at the local peak.
We observed the highest price for the asset on Feb. 10, when XMR was trading at $187.
Related
DeFi Tokens Tank as Devs Quit
Though the asset shows short-term gains, Monero trades in a sharp downtrend along with most of the assets on the market. According to TradingView, XMR has lost almost 70% of its value in the last 300 days of trading. Monero reached its ATH in May and has been trading at approximately $480.
XMRUSD 1W Cup & Handle 01/01/22XMR is presenting a long term favourable bullish structure.
Technicals:
Volume has increased into and during the handle, conforming to pattern expectation.
Triple bullish divergence on RSI (indicating a significant decrease in downwards momentum), which has the potential to close above 50 this week - indicating momentum passed equilibrium point in terms of oscillation (to the upside).
Stochastics (green & red) are presenting a fresh weekly cross above $223.43, which would imply an upwards oscillation is commencing.
BBWP (volatility indicator) has increased from significant lows (<2%) and continues to present an increase alongside momentum. This is a good indication of a potential longer term, large move incoming in favour of the upside.
Areas to monitor would be a breakout of the orange trendline to the pattern target of 35.2% from breakout and ~$517.60 for the handle neckline. A "perfect breakout" of the handle would implicate a price target to ~56.66% ($816.69) as per historical statistics.
Also note that the average historical price rise for a "perfect breakout" for this pattern is recorded as 54%.
Moonero? Let's see.
This is not financial advice and always DYOR .
XMR/USD Ascending Triangle on Daily ChartMonero has printed a beautiful ascending triangle on the daily chart. This is a bullish pattern that has just broken out. Target of $300+
XMR/USD 1M - Cup & Handle - Conservative Target 850-1000 by 2024Cup and handle looks good to go. Lower circulating supply than bitcoin until ~2040. Canada/Russia waking people up to fragility of traditional money and even dangers of public ledgers like bitcoin. Ukraine officially accepting XMR for wartime donations. 4 of the 6 weekly top gainers are privacy based. Barry Silbert (hate him or love him, DCG is huge) re-tweeting XMR related info and recommending investors to have 5% of crypto portfolio in privacy coins.
It's privacy season. You just don't know it yet.
Monero is my Fav but... $SCRT will be shakin! $SCRT has a very interesting probalistic moves ahead, something between around $11/$13 (+notes on the chart.)
Times of regulation and speculation of anything that goes around with the squizophrenic mainstream media ideology, privacy coins are the choices. (demand)
Monero looking to breakout after holding supportMonero XMRUSD is looking quite interesting today breaking out and looking to test the recent breakout and resistance.
We are looking at a daily chart in this idea and I show current and past support and resistance.
Like most of the major cryptos XMR has been quite bearish for a while but with this crypto it is at least looking to turn around.
140 is strong support and then on March 8th we see the big breakout in that larger range candle. On a side note one of my strategies for long term success has been to watch the larger range candles and more often look to enter after smaller ranges. Typically a large candle will pullback on the next candle a good percent of the time as we saw on March 9th.
The current breakout will need to be watchful of the 200 resistance level but overall it looks pretty interesting.
This is what the beginning of a potential trend change looks like. Getting back above 254 resistance really confirms it.
XMR.DI have measured the descending broadening wedge, and if it plays out XMR.D will make a new all time high at 3.30%
tail emission will already commence end of May 2022 which can absolutely send Monero to the Moon
In 2040 the intersection point of identical coin supply for Monero and Bitcoin both nearly 21 Million coins
Monero (XMR) Does history really repeat itself?Hello Traders,
Today we are analyzing Monero . After doing a deep dive and zooming in and our of different time resolutions I have found some very interesting similarities to the previous run on XMR. The First point to note is the bottom of each run seemed end in a similar way to each other. Some what of a cup and handle pattern on the monthly time frame pictured here by the green paint brush stoke at the bottom of each run. The Second run obviously endured the Black Swan Event of Covid shooting a wick to lower levels and adding tons of fiat injected into the economy driving the prices back up quicker yet, the structure stayed very similar. After the neckline of this structure was broken we went on a parabolic run in both instances as well. Only pulling back to test the top of the prior structure neckline.
So this leads us to the current situation that we are in now here. The price action has broken the neckline once again and being powered by Fiat injection has made a few different moves yet again, still echoing the past run. Now that the price is heading back down toward the neckline I see a possible two scenarios coming into play as you can see by the green and red arrows that I have placed on the chart. Regardless of which plays out, looking at this has made me gain some confidence on the next few moves I am deciding to make. I hope this research I have done helps you do the same. Keep in mind it is important for you to do your own research as well as I am not a financial advisor and these are just my own opinions based on my research.
I hope you all have a green week and I will see you next analysis!
Savvy
XMR Monero - Cup & Handle BreakoutXMR Monero - Cup & Handle Breakout
Looks very similar to the gold chart pre breakout.
Bullish targets on breakout above 212/225
282
373
438
Ultimate bullish breakout target = +512usd
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
