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Monero

What about Monero? Huge gains or just another doomed altcoin?On this weekly log chart you can see XMR is now at a crucial point in it's next market cycle. The red down arrow shows the current point XMR is at compared to the last bull cycle shown by the purple down arrow. As you can see they are at similar points when you compare them on the chart as well as on the LMACD where it rose above the level of 0.095 on the weekly chart and stayed above it till the next ATH. On the RSI you can see where the lime green line is that if the RSI holds above this level it maintains it's bullish momentum upwards. Will it be the same from where XMR is currently till the next ATH? The Fibonacci Retracement indicator shows that at the 0.618 level @ $96.52 there was resistance and now XMR has broken above it and heading up to the previous high of $132.27 where XMR should see some resistance again before heading up to the small lime green line @ $157 where some heavier resistance should be met. XMR also broke above the thick red line @ $105 which had held as resistance since July 2019. The next major resistance is at the next red horizontal line @ $224 as well as the $200 level. On the daily chart shown below you can see on the LMACD that the 0.095 on the daily time frame shows that XMR can be shorted when it hits this mark and you will make a profit every time if you know when to close the trade and not be greedy. On the RSI it also shows that when it hits 80 it is also a good time to short XMR. So, XMR should hit the lime green line @ $157 and then retrace back to the red horizontal line @ $105 which should roughly be in line with the RSI and LMACD shorting opportunities when they hit their marks as indicated above on the daily time frame. This pullback should hit the weekly MA 21 or EMA 34 before then moving further up towards the next major red line @ $224. As a long term stab in the complete dark, XMR may hit 30k if bull run takes till Dec 2023 to peak or 16.5k if the peak is Dec 2022. As it is one of the only true privacy coins going around I can't see XMR going anywhere as it is a useful tool for certain purposes. Happy trading legends! HTBB
POLONIEX:XMRUSDLong
by Pro_Trader_HTBB
5
Monero Higher Non-Stop (Next Target Mapped)XMRBTC (Monero) has been growing strong since we started tracking it this year mid-September... Here you can see the chart: There you can find all the long-term targets. Now, let's look at XMRBTC as it stands today. We are seeing strong bullish action with a new resistance level being taken out. Monerao can continue growing repeating an inverse fractal of what happened on the last bearish wave. Prices could consolidate sideways before another jump. Conditions for change This would all be invalidated if prices close below the "support" line... This is the main bullish scenario we are looking at. Thanks a lot for your support. Namaste.
XLong
by AlanSantana
5
7.10.2020 - Monero (XMR / USD)Hi Traders! Today we will look at the well-known cryptocurrency - Monero. If you compare Monero chart with the charts of other cryptocurrencies, you can observe one absolutely fundamental difference. What is that? Monero is currently at its peak since the March declines. If you look at other cryptocurrencies, for example, DeFi projects have generally fallen by more than 60%. Other altcoins have also fallen by about 50% since the last high. Examples are DOT, LINK, ADA, or XTZ. Monero is even above the strong psychological threshold of USD 100. Looking at RSI, it is clear that we are following the trendline, but we also see divergences. The chart also holds the trendline, but it has a fairly sharp angle. We have strong resistance at USD 121.43. We doubt that we would be able to breakthrough in this trend. The first thing we will watch is the fall of the trendline on the RSI and then on the chart - then there will be a decline. May the crypto be with you!
XShort
by DolleroTechnology
2
XMR BEARISH WARNINGThis is my first public chart analysis. I am assuming we will see a bearsh few weeks once we see the MACD cross over. MFI can be used as a early warning sign. The news about the IRS to help crack the privacy of monero may impact it, but also I can see BTC affect the alt coinsphere once it drop, which bearish momentum is increasing. With Covid in the picture, lock downs are more likely to happen, unemployment may increase, these less money to invest, and that money will be used for essentials. Could we se a crash like we saw in march? I dont know about that. My guess is we may see some support at 60$ if btc drops to 8800$
BITFINEX:XMRUSDShort
by Dtrader2020
1
XMR.BTC and USDT (Y20.P4.E1).Looking for the cradle setupHi All, Stalking this one on the 4 hrly chart. a) support lines are clear; note support and resistance lines; b) EMA\MA are clear; in order; c) Fib levels are clear; 2 levels as per chart; If 2 are aligned, even better; d) Confluence on the MACD on different time frames; price action is in tune with the indicator: no bearish divergence; e) Smaller time frame, trend intact; So what are we waiting for, a bullish setup, 1) a bullish candle 2) 4 hrly candle to close 3) has confluence with a minimum of 2 items from the above point 4) look at the smaller time frame to see a reversal pattern of some sort ====================================== XMR.USDT is similar on the 4 HRLY. ====================================== Please give me a like or tick for this post. Regards, S.SAri (z.chart) ====================================== CPR perspective, support ============================================================================ ============================================================================ Overview. XMR.BTC ============================================================================ Overview. XMR.USDT
X
by ssari
1
Monero Can Rise Another 20%Monero is in impulsive uptrend that is likely going to continue as current price action from the highs looks like a corrective pause on the way up. Ideally that's a wave four so fifth wave could possibly go even to 120. The first support for wave four has already been touched, but there is still a chance that correction will be more complex. In that case 80.00 is the next support, and even if touched the structure remains valid as long as market trades above 68.00.
BITFINEX:XMRUSD
by ew-forecast
2
Monero (XMR) Is Preparing For A Massive Jump!The stage is set for Monero (XMRBTC) to print a strong jump... Here we are looking at the weekly chart. We have very strong bullish signals coming out of this chart... Listed below: 1) A bullish cross of EMA10 and EMA50. 2) The MACD above zero with plenty of room available for growth. 3) The RSI is now at 67; weekly timeframe (very strong). 4) "Cup pattern" at all-time lows. 5) 1.8 Years of bear market followed by almost an entire year of consolidation... Sellers have been exhausted. The doors are open for additional/strong growth. Namaste.
XLong
by AlanSantana
8
XMR/USDT 1D (Binance Fut.) Ascending channel facing resistanceMonero has got a nice recovery from beginning of month dump, but it seems it's running out of fuel here. I guess a retracement is due, at least a small one but maybe down to 100EMA if we are lucky enough! Current Price= 96.62 Sell Entry= 96.96 - 100.00 Take Profit= 93.03 | 89.07 | 83.00 Stop Loss= 102.85 Risk/Reward= 1:1.25 | 1:2.15 | 1:3.54 Expected Profit= +16.59% | +28.68% | +47.16% Possible Loss= -13.32% Fib. Retracement= 0.236 | 0.382 | 0.618 Margin Leverage= 3x Estimated Gain-time= 1080h
Short
by TradingOn