How Easily Resistance can Become Support XMRReturn to a strong trendline for XMR
Perfect buying opportunity as this will likely bounce off 1.618 or the trendline drawn
What was previously resistance (1.618) has become a place of support now
Monero
$XMR #Monero Long Term Price TargetsMonero's (XMR) popularity has been on the rise, primarily due to its ability to help anonymize users. Monero transactions are much more difficult to trace because they use ring signatures and stealth addresses. These methods help to hide the identities of the sender and the receiver.
Private Money Will Surge Under Current Political Environment
🆓Monero (XMR) May-31 #XMR $XMRXMR is still stable above 240$ zone and it could reach 320$ and 400$ zone in this June. But if it loses this 240$ zone, it will fall down to 160$ zone
📈BUY
- Buy : 235-245$. SL if B
- Buy : 315-325$ if A. SL if B
📉SELL
- Sell : 315-325$. SL if A
- Sell : 390-410$. SL if A
♻️BACK-UP
- Sell : 235-245$ if B. SL if A
- Buy : 155-165$. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
XMR - ready for leg down?Seeing that the current weakness in price might not be over just yet, I came up with this chart. Please do not consider financial advice. Educational purposes only. Press like if you do ;)
XMR beat BTC ... My advisor marketMiracle generated a purchase signal for XMRBTC at a price of 0.006578 with a target of 0.007447 for a potential profit of 13.21%
By analyzing the chart you can clearly see how XMR is benefiting from the latest declines on BTC so in my opinion when provided by the advisor on XMR could actually be realized.
The marketSentiment is good and intoned the price should not be late to rise and the BTC has already begun its descent.
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
Is increasingly likely that at 30k there will be no reboundAnalyzing the graphs of Mmiracle Viewer I realize how the wave of private long term investors (green) has at a certain point interrupted its rise, a situation that could provide a temporary rebound around 30k usd.
In such case, if the green wave does not come of help to support the purchases it is plausible a continuation of the descent of BTCUSD towards the price of the closest support that is 17k, certainly this will be interspersed from short recoveries and similar attempts of ascent.
The Sentiment market is also rushing and I doubt that when bitcoin has reached very low levels small investors will have the strength to raise its price since many of their resources have already been invested in cryptocurrency and in fact will be positions in loss.
In the comments the detail of the green wave
The fact that even other analyses see the BTC in net loss towards XMR and ETH support this idea of mine... we will see
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
Ascending wedge into an inverse head and shoulders pattern?An idea I'm keeping my eyes on...
Nothing is certain with all the news as of late.
Yet, I see this as a justifiable reason for potential rise back to ATH's.
Will the King prevail or shall he nap? D Y O R.
XMR Liquidity Crisis on Fractionally Reserved ExchangesI took XMRUSD from multiple exchanges, and compared vs Kraken XMRUSD. Why Kraken? Because they have a banking license, and are trying to get a master account at the Fed. They're known for being among the more honest exchanges, and have particularly treated Monero well in the past, by diffusing false regulatory narratives (thanks Jesse Powers!).
This chart is Kraken:XMRUSD, divided by 3 others: Binance, Bitfinex, and Poloniex. These 3 are strongly suspected of price rigging, fractional reserve, and now liquidity problems as a result of selling Monero they don't actually hold. Going on a week, Binance has halted withdraw of Monero to your own personal wallet, along with most other exchanges. Kraken is still good.
So, hypothetically, if these exchanges were suppressing price due to liquidity problems, we might expect to see a divergence where Kraken (who we're assuming is operating honestly), has a higher price than the exchanges doing the suppression. And lo and behold, there it is. Before the big crypto crash happened, the prices on ALL these suspect exchanges diverged significantly, simultaneously showing a lower price for XMR than Kraken.
What does this mean? It's just another indication that these people are fractionally reserved liars and manipulators, who don't want you in Monero; and are experiencing a liquidity crisis. Squeeze the fuck out of them. Price is low anyways. BTFD! *and withdraw your coins to your own wallet!*
dash to 270Last night, I posted a trading idea stating dash would fall to $280, it went to $281 today, but I didn't see a reversal sign(i.e wick). I expect a strong move for dash to atleast $270 before going back to $280.
Good buying opportunity at $280Strong support at $280, I see to enter the market at that price and waiting around the next resistance(imo its $520).
Strong support= good buying opportunities Major price rejection around 0.45-0.5 area. Chart consolidating on 30 minute time frame, signs of trend reversal. This week could be a green week for verge.
XMR 's headed towards 558 USDThe Miracle Markets Waves for XMRUSD give the information that big players are buying XMR vs USD
Medium players are on the bottom of the curve and will start buy XMR soon.
I see 558 as a good target for Monero in the next days
You can see signals generated from Market Miracle advisor at the page marketmiracleadvisor.com it's free
Monero Price analaysisThe test of ascending trend line in. place from March has so far held. This, to me, looks encouraging. The price is running into some resistance at $421. However, I expect this level to be soon cleared, putting XMR on a path to $450.
A descending trend line at $450, from the April high, offers resistance.
If the Monero price can clear this resistance, there is a good chance it can continue higher, with the ATH being an obvious target on the upside.
A close below the ascending trend line at $366 would negate the bullish outlook.
