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Monero

Monero Daily TA : 01.14.22 : $XMRPossible trend of Monero ... All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 14.Jan.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
3
XMRUSDT - Key levels are being tested This would be at least the 5th or 6th attempt to test the 176.5 level on Monero. If the price breaks below this key level, the next stop could easily be 124. It will mostly depend on how BTC will do in the next few days. In my opinion, the more times this level is being tested, the more chance we'll have that sooner or later this break will happen, and the fall could be huge. We have bearish movement on most of the timeframes and MACD is also turning red. I'm already short from 188, but with a target of 168 and stop with 197. I know it could turn around and skyrocket back up, but I already made very good gains shorting the market in the past day. Let's see how it goes...
XShort
by tomsabobiz
Watch Monero in the Months AheadInteresting notes on Monero bottoming vs Bitcoin. There is a double bottom which features a higher low. On each bottom, the structure is similar. On first botttom, the time between the initial low, and the last low was 62 days. On the second bottom, the time between the initial low and the last low was 60 days. Also of note, if you zoom way out, these lows of 2021 are still higher than the lows of 2015. In the weeks ahead, let's see how Monero progresses. There is a path for 4 digit Monero in the months ahead. WEF Great Reset positioning for some.
XLong
by Procinctu
Monero/Bitcoin, is this accumulation?I'm an absolute noob, so no idea what I'm doing but wanted to play with the wyckoff schematic. From the tutorials: Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. A terminal shakeout at the end of an accumulation TR is like a spring on steroids. Shakeouts may also occur once a price advance has started, with rapid downward movement intended to induce retail traders and investors in long positions to sell their shares to large operators. However, springs and terminal shakeouts are not required elements: Accumulation Schematic 1 depicts a spring, while Accumulation Schematic 2 shows a TR without a spring. Test—Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume. Again, no idea, I was just looking at the schematic and it reminded me of xmr/btc a bit.
X
by TraderT33
1
Which is the STRONGEST cryptocurrency (this week)?Earlier I took and posted a short trade on Ethereum BITFINEX:ETHUSD . As the trade plays out and I watch other cryptocurrencies in the market there is an interesting divergence. Ethereum is selling off but it remains one of the stronger cryptocurrencies in this pullback by holding its gains. BITFINEX:BTCUSD has retraced the full 50% of yesterday's rally. Cryptocurrencies like Dogecoin BITFINEX:DOGEUSDLONGS are clearly weaker failing to hold the Retracement. Meanwhile some are stronger in the short term like Monero BITFINEX:XMRUSD which have gone on to break the rally high. A good principle is buy strength and sell weakness. This puts you in line with the trend. I would advise checking how your favorite cryptocurrency is handling today's price action.
BITFINEX:ETHUSDShort
by norok
1
MONERO - Don't Miss This Easy Setup! Monero is setting up for a massive bullish wave very soon. We are currently at a local double bottom and seeing some strength but the best place would be the bigger double bottom at the $120 level. Trade Idea: - Watch for a breakout of the descending black trendline for confirmation - You can enter at the local double bottom (now) or you can wait for price to come down to the bigger double bottom - Once entered, put stops below the lows - Targets: 315 - 500 - Manage the rest Goodluck!
X
by Altsignals
3 Altcoins to Watch 👀 Hey traders, While bears are locally dominating a crypto market, I am looking for altcoins to buy at a discount. Here are three coins to watch for potential buying: Monero (XMRUSD) -65% discount from ATH. The coin is currently approaching a key weekly level. 168 - 180 is the area on focus. Look for a confirmation within that zone to catch a bullish wave. Cardano (ADAUSD) -63% discount from ATH. The coin is quite close to a key weekly demand zone. 0.888 - 1.015 is the area on focus. Wait for the test of that zone, then look for a confirmation to buy. LINK (LINKUSD) -68% discount from ATH. The coin is currently approaching a key weekly level. 13.2 - 15.0 is the area on focus. Let the price reach that zone first, then look for confirmation on lower time frames before you buy. *by a confirmation I mean a reversal pattern being formed on intraday time frames. What do you think about these coins? ❤️Please, support this idea with like and comment!❤️
KRAKEN:XMRUSDLong
by VasilyTrader
22