XMRBTC Repeating Bottom FormationRepetition of this same double bottom formation can be seen (arrows)
As price has moved out of 2.618 currently this can spur major price growth, as price is 'free' from the last fib area
This is also demonstrated with .382 acting previously as a resistance, which has turned support
XMR has the potential to act extremely bullishly
Monero
XMRBTC (Monero / Bitcoin)Monero / Bitcoin (XMRUSD / BTC)
Increasing Higher Lows Formed On XMRBTC Cryptocurrency Pair
Moon Shot Odds, Zcash ATH $900 for Christmasits only possible if Bitcoin reverses out of a multi-year bear market.
macro conditions also threaten to instantly invalidate this situation
the big catalyst will be success of Halo Arc upgrade, and the mainstreaming of the value of Zero Knowledge recursive proofing as a mechanism to provide a scalable, privacy by default, work based crypto network
Where HOLDER hold their assets in XMR.Based on the price action analysis, a sell off happened on 7 May 2021 where price at the all time high was $519 and drop to $180 where most of investors are holding this level at now moment. A break above $225 area show the increase in demand for Monero and the decrease of bearish pressure. Its been 3 months price holding $225 area. Thats a opportunity to buy at this level. A break above descending trendline area could means a continuation of bullish pressure. For long term investment Im very bulllish on Monero because it has such a strong intrinsic value for the future of Cryptocurrency which is the use case of the coin itself the main reason why crypto world are here.
What are your thoughts on the future Monero?
Monero (Investment Idea)As we can see Monero is trading in a tight range taking rejection from the parallel channel and support from the horizontal rectangle. Any breakout and retest in a daily timeframe can lead it's way to the moon.
XMR/USDT buy signalThis easily can be the bottom for the XMR, before the major uptrend continuation. Risk/reward is good, so potentially a strong buy trade.
Monero is in descending channelPrice has broken previous uptrend line and made a descending channel. Now price is in top of channel and broke the Triangle's bottom that shows potential for falling more after completing pullback to triangle. target is 145$.
XMR/USD breaks out of rangenotice the retest after breaking out, rejecting the possibility of entering back into this channel
if we see this move followed by volume, something something rocketship emojis
XMR To $4K - The Age Of Privacy $XMR and the age of privacy against worldwide totalitarian government overreach
$4K like it’s written in stone.
15X your money securely and privately on the most tried and true chain.
$BTC tops this run around $85K
$BTC facing diminishing return cycles
See past charts below for results
XMR-USDT swing tradeWith XMR-BTC bottoming out and looking like a pre-pump, and BTC-USD still looking kinda bullish in the short term we can expect a bullish brakeout on XMR-USDT.
tp1: $295
tp2: $319
Monero XMRUSD - Cup and Handle + Rounding bottom +1000%- It is a right time to buy Monero, because of the cup and handle formation!
- Target is 1:1 fib trend-based extension - in next leg up, so be prepared.
- RSI is ready for a pump and once we reach all time high, we should accelerate in speed.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
The Perfect Storm: Bitcoin to 370k due to Marco ConditionsThe perfect storm is here.
Bitcoin is the rescue boat in the storm.
The storm lies ahead; destruction in its eyes.
Don't drown in the ocean of fiat. Float. Take hold. Hodl Bitcoin! (and Monero)
Buy now while it's cheapBTC bull run cycle set to expire November 30th. When that happens alts will tumble but quickly gain the reign of Alt-season.
Pirate Chain Looking BULLISHWhen looking at Pirate Chain we see that it has formed a double bottom. It has also formed BULLISH divergence (Lower Lows in price - Higher Lows On RSI). Privacy coins will explode in the upcoming months with increasing government regulations. Volume has also begun to pick up. I dont think that Pirate Chain will go much lower from here, so I am going to go ahead and take a position (un-leveraged). I plan on holding this for a while so even if it does happen to dip some more I dont mind.
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Privacy Coins Will EXPLODE In Upcoming MonthsA sector that is definitely being overlooked right now is privacy coins. As government regulations will undoubtedly come raining down in the future, privacy coins will just continue to increase in popularity. Greedy governments HATE privacy coins thus why the IRS has a issued a $625,000 Bounty for breaking Monero. THIS IS BULLISH. They want to take down privacy coins but currently dont have the means to do so. The more regulations that get put into place the more that privacy coins will be used. Monero is obviously the top dog when it comes to privacy coins but another one to keep on your watch list is Pirate Chain. So while everyone is focused on gaming/metaverse coins, turn your attention to privacy coins and be ahead of the pack.
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XMR bat pattern and ab=cd 80% to 130% increase#XMRUSD
$XMR broke out descending resistance and hold above an ascending support.
to complete BAT pattern price can reach $478 and for completing AB=CD pattern price can touch $600 and more.
if price break down from ascending support this analysis will be invalid
A wave is coming and it looks like a TSUNAMIsee chart. TL;DW 400k ATH based on current estimates. Biden win is bullish af for btc.
XMR little chanceWhat's up guys !
I'm looking at Monero again , using my previous approach which yielded profit for me based on my trading style
Price is in an overall uptrend from the bigger timeframe and seems to be making higher highs
Price is currently approaching a resistance zone which could be respected or broken upwards but before then we can still scalp a little profit if and only if it breaks the 4h red trend line upwards indicated and makes higher highs , if you're a conservative trader you should overlook this as I don't suggest buying around the resistance zone
Presence of divergence too to support as a confluence
I'm also on the lookout to see if it breaks over the resistance zone ,then watch the bulls take it to the upper green trend line to continue the pattern on the bigger timeframe
what do you guys feel ?
DERO ThesisMy previous post " dero will melt faces " was a little too hasty and I missed this pattern in the charts.
We are approaching what I comically call a "gigapump."
Dero is a privacy Layer 1 Smart chain that is going to absolutely take over the Dex/Swap industry. It has legal and illegal use-cases that are infinite.
The current outlook is super bullish with the only possible roadblock being delays in the mainnet launch.
Dero has a "build it and they will come" strategy. You will not see any marketing until the mainnet launches and by then it is too late. This is a 2-6 year play. Good luck!
www.dero.io
