XMRBTC breakout or rejection?Broke out of a falling wedge, retested it and now testing resistance of a widening wedge. Penetrated the ichimoku cloud and RSI ha potential to rise.
Monero
Monero Break outs after years of consolidationI was personally buying on Leverage few days ago, finally we saw a nice small move up, after a small cooldown, we should continue pushing higher.
Bullish signals for MoneroHello Traders,
Moneiro is crossing an important downtrend line on the weekly chart. It maybe is an good opportunity for a swingtrade.
If we analise the daily chart it show us an ascending triangle what is also very bullish for the price. This ascending triangle can be a good protection for our stop.
Please push like buttom and follow us on tradingview
XMR MONERO BREAKOUT - EASY TARGET 70 XMRUSD XMRUSDT XMRBTCXMR MONERO BREAKOUT - EASY TARGET TP1 70
IF 70 BROKEN THEN TP2 82
XMR This is starting to show signs of life!This literally has been really stable for a while. The fact that it is holding above the 200 Day EMA is encouraging. As the trading range got squeezed tighter and tigher, it has now starting to show signs of trading higher. the 8D EMA has cut above the 13D EMA. In addition, it has also broke above the downward trendline as depicted above. The break up above 65.00 only meant nore upside is in the pipeline with a target towards 130 in the middle term!
P/S Invest at your own risk! Do your homework!
Monero Wedgeformed a broadening wedge
This is a bullish pattern
not the best pick out of all the alts i have came across however , based on TA
XRM/USDT 12H (Binance Fut.) Ascending channel and triangleTA: Monero bounced on 200MA (green one) acting as support and forming an ascending triangle (bullish pattern).
Also I can see a big parallel channel holding the up-trend, I hope it will keep this way!
Current Price= 63.72
Buy Entry= 63.72 - 62.32
Take Profit= 67.82 | 72.72 | 80.11
Stop Loss= 58.22
Risk/Reward= 1:1 | 1:1.94 | 1:3.36
Expected Profit= 24.90% | 48.39% | 83.79%
Possible Loss= -24.90%
Fib. Retracement= 0.786 | 1.272 | 2
Margin Leverage= 3x
Estimated Gain-time= 720h
EW Analysis: XMRBTC May Break 2019 LowsHello traders!
Today we will talk about XMRBTC and its price action from Elliott Wave perspective.
XMRBTC is sideways since 2019 and it's ideally forming a big bearish triangle pattern in wave "iv", which means that we should see even more weakness and sooner or later we may see new 2020 lows that can send the price down to 0.0060 - 0.0050 area, if not even lower.
XXX/BTC crosses are highly dependent on BITCOIN.Dominance, which we still see it bullish and it's looking for more upside, so BTC will most likely stay stronger than ALTcoins and most of XXX/BTC cross pairs may remain under bearish pressure.
Be humble and trade smart!
If you like what we do, then please like and share!
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.
Good time to re-enter NAVCOINNavcoin is still a cryptocurrency with good fundamentals (also my favorite project). It's worthy to rebuy some now (& lower if it falls) and keep it for a longer time.
Monero: Analysis using Ichimoku 17/06/2020H4
At D1, the cloud is directing upward, indicating an uptrend. On H4, the cloud is directing downward, indicating the formation of a correction for D1.
Conclusion:
We recommend buying when the RSI reaches an oversold level on the H4.
H1
At H4, the cloud is directing downward, indicating a downtrend. At H1, the cloud is directing upward, indicating the formation of a correction for H1.
Conclusion:
We recommend selling when the RSI reaches an overbought level on H1.
Good luck!
XMR/BTC 4H Ichimoku and chart pattern align for a move!XMR/BTC looks like it's getting to the end of the ascending triangle pattern it has been forming for the last week.
The Tenkan ( Yellow line ) also broke through the Kijun ( Dark blue line ) just a couple candles back and if it breaks the upside of the pattern the next real resistance is 20% to the upside at 0,008 ( Horizontal dotted line ).
If you like my ideas and the work I do, please check out the links in the signature ;).
LONG - XMR - Trading OpportunityBINANCE:XMRUSDT has finally managed to break and close above the resistance that sent it to the depths of hell, accumulation can be clearly seen on the RSI all this time, this might take some time, but seems like a really safe play, lets get it.
Entry: 69.70
Target 1: 85.15
Target 2: 97.28
SL: 64.22
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Major Monero Discounts Could Happen! (XMR)Everything on monero continues to shoot green from the Crossover strategy and the ema dots.
We still sit below a very key level of resistance in an expanding downward channel with lower lows and lower highs being formed. Until an actual breakout you still have no bulls confirmed!
I am a big fan on monero and I personally would love to see it reject off resistance and dump for one more major selloff for unbelievable discounts.
If this happens I will add a large position at the next low or on the Resistance breakout if we decide to push upward.
Best of luck to you all.
🥇MLT | MAJOR LEAGUE TRADER | FULLTIME TRADERS
There is a trading opportunity to buy in XMRUSDMidterm forecast:
While the price is above the support 26.05, beginning of uptrend is expected.
We make sure when the resistance at 68.20 breaks.
If the support at 26.05 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 67.79 on 05/18/2020, so more losses to support(s) 60.05, 54.05, 44.00 and minimum to Major Support (26.05) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 61.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (54.05 to 44.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (54.05)
Ending of entry zone (44.00)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 60.05
TP2= @ 68.20
TP3= @ 82.15
TP4= @ 96.50
TP5= @ 120.95
TP6= @ 137.95
TP7= @ 168.70
TP8= @ 230.10
TP9= @ 298.90
TP10= Free
There is a trading opportunity to buy in XMRUSDMidterm forecast:
While the price is above the support 26.05, beginning of uptrend is expected.
We make sure when the resistance at 68.20 breaks.
If the support at 26.05 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 67.79 on 05/18/2020, so more losses to support(s) 60.05, 54.05, 44.00 and minimum to Major Support (26.05) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 61.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (54.05 to 44.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (54.05)
Ending of entry zone (44.00)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 60.05
TP2= @ 68.20
TP3= @ 82.15
TP4= @ 96.50
TP5= @ 120.95
TP6= @ 137.95
TP7= @ 168.70
TP8= @ 230.10
TP9= @ 298.90
TP10= Free
BTC Bull? XMR/BTC Monero Head and Shoulders .... Drop Imminent?BTC showed it's resilience and strength today, busting through the coveted $10k resistance in a matter of hours.
As a result, many btc alt pairings have began breaking down.
Here we see Monero's 3 day chart.
There is a visible head and shoulders pattern that appears to be on the verge of completion and a breakdown. A lot of this will hinge on what BTC decides to do from here. BTC holds 10k? Odds favor continued XMR/BTC drop. BTC pulls back hard? XMR could push and invalidate.
However, it's now lost all major EMA supports and is entering no-man's land of potential all-time lows.
RSI very much in bearish territory.
Bearish cross on the stoch RSI with momentum sloping downwards.
Potential target shown in green.
This is not financial advice.
A Nice curve on Monero ChartA nice and rare curve formed on XMRUSDT chart and it is expected the price to follow the curve path.
As depicted on the chart the upper boundary of the curve located on the 71$ area which also is the 0.618 Fib. level and a static resistance as well.
So I think XMR will test this resistance very soon.
plaese hit the like if you agree with this idea.
