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Monero

Monero (XMRUSDT/XMRBTC) Potential Long Setup 2021/03/05Long Trade Setup #1: False Breakdown 1. Price Action: Price breaks below the then rapidly climbs above $170, forming a bear trap 2. Trade Entry Confirmations: A breakdown candlestick  followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
X
by cryptotraderog
1
EW Analysis: XMRUSD Monero May Face A Deeper Corrective DeclineHello traders! Today we will talk about cryptocurrencies, specifically XMRUSD Monero in which we see quite clear pattern. We will talk about its price action from technical point of view and wave structure from Elliott Wave perspective. Well, if you are familiar with Elliott Wave, then you know that after every five waves, a three-wave pullback follows. And, as you can see, seems like Monero may have a completed 5th wave, especially if we consider strong and impulsive five-wave drop from the highs, which can be an indication for a deeper, higher degree A-B-C correction that can send the price back to the previous wave 4 and 120 support level. Currently, it looks like it's just in a slow three-wave (A)-(B)-(C) corrective rally within wave B that can find the resistance ideally here around 240 - 260 zone and from where we should be aware of another sell-off for wave C. Invalidation level is at 288 highs. Bu humble and trade smart! If you like what we do, then please like and share the idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITFINEX:XMRUSDShort
by ew-forecast
2
Monero XMRUSD: Bullish Setup to Catch a Swing Move XMR dropped nicely to a major daily support cluster. The price was nicely rejected and now we see a classic bullish accumulation on 4H with a sequence of equal highs and higher lows. To catch a bullish continuation, wait for a bullish breakout (4H candle close above) of 227.0 resistance. Then buy aggressively or on retest. Your goals will be: 251 272 In case of a formation of a new lower low on 4H, setup will be invalid.
KRAKEN:XMRUSDLong
by VasilyTrader
10
XMRUSDT - SqueezeA very tradable set-up in our team! Accumulated position in the blue zone pushes up the resistance level! P/P - 1/5 You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
21
XMRUSDT (MONERO) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - XMRUSDT was resisted by the descending trendline resistance. - Price brokeout above the descending trendline resistance. - Price then retraced to the key fibonacci retracement levels (0.5 - 0.618 - 0.786). - The retracement is bounded in the bullish flag pattern. - There's an uptrend potential. BUY ENTRY ⬆️ - Breakout above the bullish flag's resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Fibonacci extension levels. - Horizontal resistance level (R2). SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level.
XLong
by Chibuike_Odoh
2
Monero Golden Cross inboundQuickpost on XMR as a golden cross is due very shortly and my operating assumption is that after that concludes we should expect to see XMR get a good pump. ETH on the chart below had a golden cross around $600 and now it has done about a x3 in just a couple of months. I expect monero will be even more volatile and we would see even higher gains and I could show you why, but this is just a quick post. Ultimately, I hope to see ATH for XMRBTC and XMRETH. Just because it is taking a slight beating right now doesn’t mean the macro situation isn’t very bullish.
POLONIEX:XMRUSDLong
by This_Guhy
Monero XMR Prepare For SellOffThe crypto market is living its last bubble days. The prices do not reflect any fundamentals. Cryptos are pure retail investments gambling at this point. Monero XMR Market Cap $4,444,410,296 vs Biggest German Bank, Deutsche Bank 23.864B Market Cap Moderna - saves the world from Covid-19 - 69.146B Market Cap Ebay - Market Cap 42.174B FORD - 42.174B MARKET CAP When you buy stocks of a company you own a part of it, you have the right to vote changes in the company and you receive dividends. When you buy crypto you own nothing! You buy thinking that at some point another person will be willing to pay more than you on that piece of nothing. If you want to own the BUY and SELL indicator in the chart, that can prevent you from the big crypto selloff, just leave me a message for a 7 day trial.
KRAKEN:XMRUSDShort
by BuySellMarketMaker
4
XMR finding support and starting its next leg upwards 🚀XMR seems to have broken out of this ascending triangle quite early and we were hoping for another rejection of this resistance as it would have made setting a momentum long order very interesting. Seeing as this did not happen and XMR broke up earlier that expected I was not willing to trade it but it is already back at the top of this ascending triangle which can be a great test of support. If XMR does find support here I would look at laddering some longs around this area, although if XMR can't hold this support level I would be looking at the 230 dollar area as another support level to ladder some long orders.
Long
by TheForecasters