Monero XMRUSD Suprise Price ActionThe news reads "Monero Shoots Up 10%"
Price action on the chart is forming a retrace to the major Psychological level of 150.
For Monero to resume it Bull Ride, we need to see consolidation forming aroun this 150 level before a stronger move up.
PRICE ACTION
Retrace Target intra Day to around 152.50
Consolidation Zone for longer term trading 149-152, will re-assess when we get there.
Monero
Monero/BTC Last obstacle before outbreak XMR is about to break its 200 moving average first time after six months. If the price closes above the line there is no serious resistance until 0.0094 which is %20 above the current level.
Monero XMRUSD Crypto JackingMicrosot's company’s intelligence team said a group called BISMUTH hit government targets in France and Vietnam with monero (XMR, -0.42%) mining trojans this summer.
BISMUTH is leveraging cryptocurrency miners to stay under the radar and establish persistence in targeted networks. BISMUTH is running increasingly complex cyber espionage attacks as early as 2012, using both custom and open-source tooling to target large multinational corporations, governments, financial services, educational institutions, and human and civil rights organizations.
Monero price is up 3.65% in the last 24 hours.
Resistance Levels Ahead
147.55
149.09
Psychological level of 150 needs to be strongly broken for the longer term bull trend to take hold.
Monero🔥Hello, friends! Just wanna remaind You my previous chart!👇🏻
Are we at the very begining? For me looks like that!🧡
Monero looks awesome) Are You wanna Buy it?
Just look, that the price breakout green zone for the first time since 2017.
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Your Rocket Bomb 🚀💣
Monero XMRUSDT - The most bullish altcoin in December- Monero is definitely the most bullish altcoin in High-Cap category
- We can see Head and Shoulders, cap and handle or Ascending triangle on the daily chart
- The coin is currently breaking out the previous swing high established in October
- 280 is the next target and we can reach all time high next year in 2021
- Monero is one of the best coins, that will survive long term
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XMRUSDT - Still Respecting 100D SMA, Should Continue to 165XMRUSDT - Still Respecting 100D SMA, Should Continue to 165
XMR MSNFXMonero is building up a nice bullish outlook that has seen its price jump significantly the past weeks.
The sell-off witnessed across the entire crypto market the past two weeks saw most cryptocurrencies fall alongside Bitcoin. Monero has appeared to strongly decouple from the leading asset.
MONERO XMRUSD Price Action Monero network tansactions have continued to increase since the November. MR has also historically had more transactions per day than ZEC, GRIN, or PIVX, but fewer than DASH.
Fundamentals show active and continued incremental XMR network upgrades over the past two years, including decreased transaction costs, improved transaction efficiency, blockchain pruning, improved privacy, and improved custody solutions.
SHORT TERM LEVEL
Next intra day resistance at 143.75
LONG TERM LEVEL
The cryptocurrency is down 72% from the all-time high of nearly $500, established in December 2017. All eyes over the next year are on the heavy resistance zone of US$150 based on yearly pivots , and psychological round numbers.
💡 Don't miss the great buy opportunity in Monero/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0073). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Monero/Bitcoin XMRBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 0.00782
TP2= @ 0.00815
TP3= @ 0.00865
TP4= @ 0.00930
TP5= @ 0.00997
SL= Break below S2
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💡 Don't miss the great buy opportunity in Monero/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0073). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Monero/Bitcoin XMRBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 0.00782
TP2= @ 0.00815
TP3= @ 0.00865
TP4= @ 0.00930
TP5= @ 0.00997
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
XMRUSDT - own gameThe asset has its own game.
Pressing the level 140.
Global trend up.
Need consolidation under level.
And should expect a breakthrough up.
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
XMR Monero in the following days, 4hr TF- area to look out for in the following days
- Monero already broke the previous support trendline (not shown on the chart)
- big resistance at around 140 level, top level of a multi-month bullish cup&handle and inverted H&S
- i would say short term bearish (follows the market), long term very bullish
- watch for the breakout, either up or down!
let me know your thoughts!