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Monero

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
KRAKEN:XMRUSD
by Savvythe1
3
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 ______________________________________________________________________________________________________________________ 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
KRAKEN:XMRUSDLong
by UnknownUnicorn7216011
🔝 XVGBTC & XVGUSD 💥My strategy in this trade is simple. I will Alocate 2% of the porfolio in this trade because we have a cheaper price than 5 years ago and close to All Time Low (after May 2017). I will Sell 20% everytime it goes up 40% vs USD (20% of the total amount at that point and not 20% of the initial value). I will Hold if goes down. My main goal is fixed value price but a trend line price wich means the target will increase daily with the same rate as the slope of the trend line on the chart linking the lasts peaks (if I was not clear here you can just ask me in the comments area or message. PS: My automatic strategy is optimized for 4h charts. It is shown in the 1D graph just to show you the "big picture".
XLong
by MiguelFTCurado
4
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (149.67). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 75. Take Profits: TP1= @ 169.36 TP2= @ 178.96 TP3= @ 187.00 TP4= @ 198.86 TP5= @ 213.18 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
XLong
by ForecastCity_World
3
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (149.67). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 75. Take Profits: TP1= @ 169.36 TP2= @ 178.96 TP3= @ 187.00 TP4= @ 198.86 TP5= @ 213.18 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
XLong
by ForecastCity
2