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Monero

Monero's $130 Threshold: The Make-or-Break for an 80% Upswing💎 Since #XMRUSDT's bounce and rejection of the 78.6% Fibonacci support, coupled with the uptrend trendline, we're seeing the price gravitate towards that trendline once more. This suggests that buying pressure could be ramping up, opening the door to a significant upside potential. 💎 However, this bullish scenario will hold water only if the $130 psychological and technical support level remains unbreached. If this condition is met, we could be looking at a nearly 80% price increase, with #Monero potentially setting its sights on the double Fibonacci resistance at $258. 💎 Our ParadiseClub members should also keep an eye on the nearest resistance at $196, where the 23.6% Fibs intersects with the downtrend trendline. 💎 While less likely, we must also consider the scenario where OMXSTO:XMR breaks below the $130 level. Such a move would be a major red flag for the bulls.
XLong
by MyCryptoParadise
✴️ Monero Long-Term Recovery, Leads To Long-Term GrowthThe bear market bottom was set June 2022 for Monero, XMRUSDT. After this low was hit, we are seeing a long-term recovery phase. We have a strong resistance level around 180. Each time this level is hit it becomes weaker. Monero is on the move again based on this 3D chart. The last two candles closed bullish and the current one is pushing prices above EMA10. This pair is set to challenge 180 again... As soon as 180 breaks, we should see a strong jump take place. Then more consolidation before the next bull-market cycle. Patience is key. Monero is good for the long-term. Namaste.
Long
by AlanSantana
Corrective CycleIn recent weeks, XMR has demonstrated a persistent trend confined within a defined range. Significantly, it has breached its upward trend line, indicating a shift towards a corrective cycle on the daily time frame. Presently, XMR is trading within the $153 range. Notably, transaction volume has experienced a notable decline, falling below the 30-day average. Monero's price movement is influenced by two support levels, with particular emphasis on the second support range. The first support stands at $147, while the second support lies within the range of $135.7 to $138.8. Sustaining the second support range presents an opportunity for potential price growth, potentially reaching the upper bounds of the weekly channel range around $186. Considering the broader long-term range trend of the Monero currency, favorable market conditions can be anticipated to facilitate substantial growth.
X
by MonoCoinSignal
2
#Monero Bulls Fail To Break $165, Sellers in ControlPast Performance of Monero Monero bulls are struggling at spot rates. Even with the broader market expanding, XMR remains pinned in a bear formation. Presently, resistance is at HKEX:165 , and the coin remains in a bearish shape defined by the bears of early February to mid-March 2023. As it is, support lies at the middle BB, that is, the 20-day moving average, and around $158. #Monero Technical Analysis The path of least resistance from a top-down preview is southwards. Notably, sellers throughout February to mid-March capped the upside. Resistance is at HKEX:165 , while support is $158. The middle BB also serves as a vital reaction line. However, the March 27 bear bar defines the current formation. Although prices floated higher, they couldn’t break HKEX:165 and reverse the losses of March 27. Therefore, conservative traders can watch how prices react at $150. Losses below this level may see XMR drop to HKEX:130 since sellers are in control from an effort versus result perspective. What to Expect from #XMR? Unless there is a sharp, high volume break above HKEX:165 , reversing March 27 losses, sellers will be in control. They will be aligning with sellers in February 2023. Currently, immediate support lines are at HKEX:158 and HKEX:150 , respectively. Resistance level to watch out for: HKEX:165 Support levels to watch out for: HKEX:158 , HKEX:150 Disclaimer: Opinions expressed are not investment advice. Do your research.
XShort
by Bitcoin_Analyzer
Monero Road AheadMonero has been trading in a downtrend for a while, and almost strictly within the red shaded (fib .236 - .382) area for 11 months straight. It has a date with destiny soon though, and will either breakout within the shaded triangle area or collapse down to the $145 range. If Monero clears the .382 fib line at $172.60, I really need to see a firm retest. To confirm both the breakout of the downtrend, and the flippening of .382 from strong resistance to support. The .5 fib at $195 will not be as strong as what .382 has been. If Mordinals or larger macro factors hit quickly, $195 will be taken over with little resistance. Entering now at $160 and exit upon passing $195. Targeting $205 for a 28% gain sometime in late April/early May. NFA
XLong
by ChartswithChip
Moreno technical analysis. The huge ascending triangle.There is very slowly forming giant ascending triangle which could potentially peak during2025-2026. Example of an ascending triangle. Notice the flat iupper line and the rising lower line. This is a generally bullish line. (Figure 6.1b "Technical Analysis of the Financial Markets" Page 131) The measurement. The breakout (C) should see a sharp increase in volume, That upper resistance line should act as as support on subsequent dips after the breakout. The minimum price objective is obtained by measuring the height of the triangle (AB) and projecting that distance upward from the breakout point at C. (Figure 6.3a "Technical Analysis of the Financial Markets" Page 136)
KRAKEN:XMRUSD
by Synthacon
2
#Monero Adds 20% In March But Fails To Break $165Past Performance of Monero Monero prices are firm, adding roughly 20% from March 2023 lows. At spot rates, prices are lower but tracking higher even though it is defined by the bear bar of March 27. On the upside, XMR has resistance at $165 while support lies at $150, marking the bearish engulfing bar's low. #Monero Technical Analysis From an effort versus result perspective, the wide-ranging bearish engulfing bar of March 27 might be important. For the uptrend to resume, there must be a close above $165, confirming buyers for the better part of March. Notice that the anchor bar has relatively high trading volumes and is wide-ranging. It is still defining the current price action. Worse, for buyers, recent volumes have been shrinking. As it is, as prices move inside a wedge, triggers will lie at $165 and $150, respectively. Gains above March highs might see the coin soar to January highs of $185 in a buy trend continuation formation. What to Expect from #XMR? XMR traders expect a recovery. However, their calls are being slowed by prices which are moving sideways inside a bear bar. Monero bulls could be rejuvenated once there are strong gains above the current wedge inside an engulfing candlestick. Resistance level to watch out for: $165 Support level to watch out for: $150 Disclaimer: Opinions expressed are not investment advice. Do your research.
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by Bitcoin_Analyzer
Monero Price Analysis, Neutral Market with a Bearish BiasMonero (XMR) is currently trading at $0.07655 with a 4-hour timeframe. The Relative Strength Index (RSI) is at 47, which indicates a neutral market sentiment. The volume oscillator is at -32.5%, indicating a bearish sentiment. The Moving Average Convergence Divergence (MACD) is at -0.3, which is slightly bearish. The Stochastic oscillator is at 31.5, which suggests a slight bullish momentum. The Fibonacci levels for the 4-hour timeframe are at 0, 0.5, and 1, which are at 154.4, 158.8, and 163.2, respectively. The upper Bollinger band is at 160.9, while the lower Bollinger band is at 154.5, and the middle Bollinger band is at 157.7. The 4-hour Exponential Moving Average (EMA) 50 is at 157.1. In the recent news article, it is mentioned that Monero (XMR) is facing an obstacle in terms of price stagnation. The article suggests that a breakout is imminent, and it is only a matter of time before the price crosses the obstacle. Based on the technical analysis, Monero is currently trading in neutral market sentiment with a slight bearish bias. The price is currently hovering near the middle Bollinger band, which is a neutral zone. The Fibonacci retracement levels suggest that the next resistance levels are 158.8 and 163.2, respectively. The MACD is slightly bearish, indicating that there is some selling pressure in the market. The Stochastic oscillator is at 31.5, which suggests that there is some bullish momentum. The RSI is at 47, which is a neutral zone. Overall, Monero's price is likely to be influenced by market sentiment and external factors such as regulatory developments. If the price manages to break above the Fibonacci retracement level of 158.8, it may signal a bullish trend. However, if it breaks below the lower Bollinger band of 154.5, it may signal a bearish trend. Good luck!
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by MonoCoinSignal
5
XMRUSDT I TOLD YOU SO AFTER 2023...Lets play the game I told you so... It is too early to celebrate. I hope everyone was here when everything started so you can agree with me how I read charts. This is not easy ride but I see lows and even further lows from here, I have XMR 50% of it is sold and I have the other as held on tight. I just want to double my holdings on this. I know XMR will be the core foundation of Crypto and who fought a good fight... XMR is used for darkweb transactions after Bitcoin got some light and all knew that we can still trace Bitcoin and who and where it went. XMR solves and solved that. Hope we know what are the OGs and this is one of those few OG and 1% that really is not a scam and works in crypto.
Short
by osodatsismoso
#Monero Crashes After Spinning Tops Formation, Resistance At $16Past Performance of Monero Monero is under pressure, dropping five percent in the last trading day. From the daily chart, XMR is reacting strongly from last week’s highs at around $165. After a spinning tops formation, the coin retraced yesterday, printing a bearish engulfing pattern, signaling weakness. Based on this, there could be a confirmation today, heaping more pressure on the coin. #Monero Technical Analysis After a spinning tops formation, XMR is down at spot rates. It looks likely for bears to flow back, pushing the coin deeper in red. Therefore, since yesterday’s bar was bearish and engulfing, traders might look for entries on every attempt higher towards $165. The immediate target would be $145 and later March lows at $130 if bears press on. On a more optimistic outlook, the trend will resume should prices break above $165, reversing recent losses with expanding participation levels. In that case, XMR may float to January highs at around $180. Past Performance of #XMR Asset prices are under pressure across the board, and XMR is no exception. From the daily chart, buyers will flow back if there is a breakout above the spinning tops of the end of last week with rising volumes. If not, bears of yesterday may force the coin lower this week. Resistance level to watch out for: $165 Support level to watch out for: $145 Disclaimer: Opinions expressed are not investment advice. Do your research.
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by Bitcoin_Analyzer