XMR/USDT (BINANCE)Monero went on a bearish stretch, after the appearance of a Harami Pattern (marked on red) the price has began entering a correction phase where right now is going for a breakout possibly to the upper side, the price breaking above the moving average shows signs of a possible reversal happening, staying above that pink EMA200 indicates that prices has found support and demand. MACD shows momemtum to the upper side as the price keeps climbing. Stochastic still below overbought levels. Strongly suggest watching those 5min candles and 15min candles to get the most accurate information to confirm the breakout.
Monero
XMR/BTC Atomic Swaps a major bullish technical developmentXMR can now be traded directly to Bitcoin without an intermediary exchange on their native Blockchains using a technology called an Atomic Swap. This differs greatly from other so called swap platforms that only allow internal trading between ERC20 tokens, the major difference being that the XMR/BTC swaps are trading actual coins with their own blockchains not wrapped coins or some other semantics. This has a few major implications for the future price of XMR we will explore in this analysis.
1. XMR/BTC Swaps are being added to both XMR Wallets such as Monerujo as well as popular Bitcoin wallets such as Samurai wallet. Greatly expanding the exposure of Monero to many BTC users who will be learning about its competitive features for the first time so we should expect some uptake of Monero from simple exposure as well as the low cost and ease diversifying some BTC to XMR. Many users find getting Monero more difficult than other tokens because exchanges like Coinbase do not list it even though they would like to have exposure.
2. This technology increases the regulatory resilience of privacy tokens because now anyone with XMR can get BTC and vice versa easily so banning privacy coins has no effect unless you ban all coins which can be traded for privacy coins through atomic swaps. Regulators have to balance the need to trace all transactions with protecting users against having their information exposed to bad actors and front runners. Monero has the ability to be semi transparent so users can pay taxes audit balances without giving everyone access to the sensitive user information. Monero will provide users the important protections they deserve and push regulators to take a balanced measured approach.
3. Monero fees are significantly lower than Bitcoins fees which means in any situation where both BTC and XMR are accepted users would be inclined to use the XMR to save the large fee. XMR is the only POW coins with such low fees and no ico, dev tax, pre mine, masternode, presale where in Monero everyone mines equally ( a key to bitcoins success and the thermodynamic underpinnings of the economic system ) which will in turn incentivize users to pay with Monero not Bitcoin.
4. It is cheaper for users to HODL Monero and convert it to Bitcoin where necessary than to HODL Bitcoin and convert it to Monero when necessary. Imagine Bob wants to buy steam cards and the site accepts both BTC and Monero. Bob realizes that when he pays with BTC his transaction fee is almost $20 and that when he pays with XMR his transaction fee is more like $0.2 but another site that Bob uses frequently accepts just Bitcoin. Bob realizes that if he keeps his money in Bitcoin it will cost him a high transaction fee every time he wants to convert it to Monero so he would never save anything by using Monero to buy his Steam cards because hed have to create Bitcoin transactions which defeats the point because now your paying $20 to convert the BTC into XMR and again to send the XMR to the merchant. By contrast if he keeps his money in Monero he will save where Monero is accepted and it will cost him just $0.2 to convert his Monero into Bitcoin when he needs or wants to.
5. Tari is a platform for issuing tokens ( like erc20) as an XMR sidechain. The atomic swaps will allow for easy conversion between Monero, Tari based tokens and Bitcoin without an intermediary. Most token platforms will be inclined to convert their platform over to Tari from ETH or Binance because its far more decentralized, easy to convert to both BTC and Monero, the tokens can be private or transparent and the transaction fees are much lower than ETH gas.
This also applies to Monero based alt coins such as WoWnero which can adopt the swap technology as well. ( If you use alts look for ones with no dev tax, presale, ico, POS, premine but rather a coin which everyone even the creators mine equally )
XMR in watch listXMR is good to be n watch list. It is talented now to be a market star! But ... We should stay and see...
Note : Do Your own analysis before trading.
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
$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).
