Monero
XMR/USDT 4h (Binance Futures) Descending channel near breakout#Monero could take advantage of the current bullish momentum to make a new leg up.
Since 200MA and parabolic curve seem to act as support, it would be the best place to enter in my opinion.
Current Price= 122.11
Buy Entry= 121.07 - 117.87
Take Profit= 125.09 | 129.80 | 137.85
Stop Loss= 113.85
Risk/Reward= 1:1 | 1:1.84 | 1:3.27
Expected Profit= +9.40% | +17.30% | +30.76%
Possible Loss= -9.40%
Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 2x
Estimated Gain-time= 240h
Monero headed towards $150Monero - Intraday - We look to Buy a break of 140.52
A break of yesterdays high would confirm bullish momentum.
Current prices have reacted from a high of 139.50, however, we expect further gains to follow.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 140.52, which will confirm the bullish sentiment.
Trend line support is located at 135.40.
Daily signals are mildly bullish.
Our outlook is bullish.
Our profit targets will be 148.48 and 149.85
Resistance: 140.00 / 145.00 / 150.00
Support: 135.30 / 133.00 / 130.00
Monero breakings highs, aimed for $170!XMR is in 4h cup and handle bullish pattern, as you can see in this 4h chart,
XMR is in continues strong uptrend and has a strong potential to see another strong spike up to $170, before seeing a small correction.
If XMR daily candle closes above $132, it will be a clear daily bull signal.
MACD is giving a daily bull signal.
RSI is breaking previous highs.
Good luck!
Tibor
XMR/USDT 90m (Binance Futures) Rising wedge forming#Monero went up after breaking out of the bullish flag and made a nice run, now seems a good time for a small retracement.
I think it could go down to wedge support or even lower, back to parallel channel if breaks it.
If does so fast enough, I believe we'd rather look for a bullish continuation afterwards!
Current Price= 135.44
Buy Entry= 135.16 - 137.46
Take Profit= 133.23 | 129.77 | 127.04
Stop Loss= 139.39
Risk/Reward= 1:1 | 1:2.12 | 1:3.01
Expected Profit= +9.04% | +19.20% | +27.20%
Possible Loss= -9.04%
Fib. Retracement= 0.236 | 0.382 | 0.5
Margin Leverage= 4x
Estimated Gain-time= 180h
💡Don't miss the great buy opportunity in XMRBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00967). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XMRBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 0.01050
TP2= @ 0.01107
TP3= @ 0.01179
TP4= @ 0.01250
TP5= @ 0.01400
SL= Break below S3
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💡Don't miss the great buy opportunity in XMRBTCTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.00967). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XMRBTC is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 0.01050
TP2= @ 0.01107
TP3= @ 0.01179
TP4= @ 0.01250
TP5= @ 0.01400
SL= Break below S3
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Monero XMRUSDT - Bull flagThis is complete market structure on 4h chart. But if you take a look at weekly candles, there is a big shooting star / topping tail candle, which is of course a bad sign. Blue trend line should be defended for smooth continuation of the trend to the upside.
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💡XMRUSD Second Chance: Profit=449% SL=20% Reward/Risk > 22.5:1Second Chance Trade Setup summary:
Profit targets = 449% = {TP5= 20% + TP6= 37% + TP7= 67% + TP8= 128% + TP9= 197%}
Stop Loss = 20%
Reward/Risk > 22.5 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (100.50) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP5= @ 120.95
TP6= @ 137.95
TP7= @ 168.70
TP8= @ 230.10
TP9= @ 298.90
TP10= Free
SL= Break below 96.50
--------------------------------------------------------------------------------------------------
Current Status of First Buy:
Total Profit: 573%
Closed trade(s): 138% Profit
Open trade(s): 435% Profit
Trade Setup:
We opened 10 BUY trade(s) @ 68.20 based on 'previous Forecast' at 07.09.2020:
Closed Profit:
TP3 @ 82.15 touched at 28.07.2020 with 20% Profit.
TP4 @ 96.50 touched at 06.08.2020 with 41% Profit.
TP5 @ 120.95 touched at 11.10.2020 with 77% Profit.
20% + 41% + 77% = 138%
Open Profit:
Open trade is 128.10(current price) - 68.20(open price) = 87%
5 trade(s) still open, therefore total profit for open trade(s) is 87% x 5 = 435%
Technical analysis:
. XMRUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
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💡XMRUSD Second Chance: Profit=449% SL=20% Reward/Risk > 22.5:1Second Chance Trade Setup summary:
Profit targets = 449% = {TP5= 20% + TP6= 37% + TP7= 67% + TP8= 128% + TP9= 197%}
Stop Loss = 20%
Reward/Risk > 22.5 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (100.50) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP5= @ 120.95
TP6= @ 137.95
TP7= @ 168.70
TP8= @ 230.10
TP9= @ 298.90
TP10= Free
SL= Break below 96.50
--------------------------------------------------------------------------------------------------
Current Status of First Buy:
Total Profit: 573%
Closed trade(s): 138% Profit
Open trade(s): 435% Profit
Trade Setup:
We opened 10 BUY trade(s) @ 68.20 based on 'previous Forecast' at 07.09.2020:
Closed Profit:
TP3 @ 82.15 touched at 28.07.2020 with 20% Profit.
TP4 @ 96.50 touched at 06.08.2020 with 41% Profit.
TP5 @ 120.95 touched at 11.10.2020 with 77% Profit.
20% + 41% + 77% = 138%
Open Profit:
Open trade is 128.10(current price) - 68.20(open price) = 87%
5 trade(s) still open, therefore total profit for open trade(s) is 87% x 5 = 435%
Technical analysis:
. XMRUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
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Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
✳️Monero/BTC (20-10) #XMR $XMR #XMRBTCXMR is currently having a strong resistance zone at 0.011 BTC and I don't think it will stop here, but will continue to cross this zone to rise to 0.014 BTC and 0.018 BTC.
However, we shall wait for it to break out of the 0.011 BTC zone before buying.
The closest support zone we can buy is 0.0085-0.009 BTC
$XMR Start of the Bull MarketThis is a swing trade, take notice of how you're looking at almost 2 months of candlestick data. XMR is bouncing in between 2 major monthly support / resistance zones.
September crash in the markets across the board, XMR found it's bottom support at $86 (found on a monthly TF) and since then has been continuously rising until last week when it rejected off of the $130 level. As expected, 1st touch of resistance levels reject 95% of the time, it's very rare for them to just blow through resistance levels.
So by saying that, now XMR looks like it's about to touch the $130 level again and this time it should gain the level as support and head upwards to touch these TP's
1st TP 🎯 $130 (Easy Loot)
2nd TP 🎯 $148
3rd TP 🎯 $165
As always please do your own research, I am not a financial advisor.
Monero to $133.Monero - Short term
We look to Sell at 133.4 (stop at 136.1)
147.4 has been pivotal.
Bespoke resistance is located at 134.0.
We look to sell rallies.
The RSI is trending lower. Our outlook is bearish.
Our profit targets will be 124.8 and 118.4
Resistance: 126.0 / 129.0 / 133.0
Support: 124.0 / 121.0 / 117.5
What is Monero (XMR)? The private digital moneyIn this fundamental analysis. as I did make the analysis bring you the information about Zcash, so, I want to discuss with you about this proyect!!!
1. Monero it's a private digital currency.
2. It's fast, private and secure
3. The amid is leading cryptocurrency enocous on private and censorship resistant transactions
4. Monero transactions are confidential and untraceable
5. Monero is grassroots community attracting the world's best cryptocurrency researchers and engineering talent.
6. Monero is electronic cash that allows fast, inexpensive payments to and from anywhere in the world.
My Personal Opinion:
Monero is a great cryptocurrenc as Zcash. I see that Monero has the old technology than Zcash and so, the only that I like o Zcash that I will going to say it's the kind of team and what Zcash bring us as a good solution of private digital money build for expert of prestigiuous universities on the world. But, in fact, I like and interesting to trade, but not to invest than Zcash, because Zcash has a big difference than Monero about in their philosophy in their goal and mission to become a private decentralized digital money of the future. So, I don't have any words to speak it but this proyect it's so old, but good proyect. I prefer more Zcash!!!
But, if you're interesting in this proyect, I dont have problems because I don't say that this proyect it's bad, but all depending in my criteria and analysis on what I choose. But, in general I like Zcash for many features, kind's team and their philosophy o the goal.
For more resource, please visit the website here: www.getmonero.org
Monero Not Losing Any Energy So FarMonero BITFINEX:XMRBTC started its current bull trend against #Bitcoin early September 2020 and it still looks very strong.
I'm a firm believer of entering a trade only with fresh signals and just accepting missing one when it's already followed its course. So I don't recommend an entry at this point.
But those who have bet their money earlier should definitely stay in this trend for a while before it shows weakness. It still has a huge potential.
I marked possible Take Profit levels and my current Stop Loss on the chart.
Let the profits flow! :)
DISCLAIMER : Please note that my trading approach is trend following . I don't try to make predictions. I don't try to catch the bottom or the top. I don't try to be right. I try to be agile and flexible enough to join the right side before it's too late. Please also note that I'm a swing trader using daily charts .
Entry and exit signals are not universal in trading. They should be determined according to the trading method used. If your trading approach and my trading approach don't match, please do NOT consider them relevant for your own purposes.