Get started

Monero

Privacy Is Shifting. (XMR)I love monero ❤🥇❤🥇❤ True Cryptocurrency that plays a critical role in what it stands for. 💰 Let's check up on the price action of this one. Wave 1: The selloff, the distribution of coins. Wave 2: The accumulation of support. Wave 3: The Resistance for controlled accumulation. We are squeezing sideways as the pennant pattern is forming. *As this pattern squeezes we will see a decision in which way the market wants to run on a breakout. (Similar to how price broke down on btc back in November of 2018) I'm not saying it will result in same results, I'm showing you how compression decide critical moves for trend changes) These are key areas where you want to play for a major move. The full compression of range could be controlled for another 6+ months, our first major sign is aw we see the weekly shoot to hit wave 3. But one major observation I'd like to notice is what i titled on chart as "Final Shakeout" That selloff could of been the final selloff in a stop hunt. It was a major quick crash that scared buyers to force them out of their positions. That can be called the final capitulation. You are noticing as prices get low on altcoins they try to flash the market to force the buyers out of their positions. I believe we could be in very early stage of the major multi year alt cycle. But I also take into fact that the compression could last another 6+ months if wave 3 can hold. What we like to look for on longterm entry is a doji compression off S&R Levels for trend change, So technically this is a late call to buy now. If you wanted to buy now you would hunt for an edge play in the market to push up to the next level of price in a lower timeframe. Hope you enjoyed, have a blessed day! MLT | PRO TRADERS 🥇
BITFINEX:XMRUSD
by UnknownUnicorn2319099
XMR/USDT 8H (Binance Fut.) Parallel channel breakdown & pullbackMonero is looking quite bearish after breaking downwards out of the ascending channel. Price action has retested several times the necklines, so it's just a question of time before big drop, in my opinion. Sell Entry= 61.35 - 64.55 Take Profit= 55.83 | 49.16 | 43.23 Stop Loss= 70.07 Risk/Reward= 1:1 | 1:1.94 | 1:2.77 Expected Profit= 33.93% | 65.73% | 93.99% Possible Loss= -33.93% Fib. Retracement= 0.382 | 0.618 | 0.786 Margin Leverage= 3x
Short
by TradingOn
2
LONG - XMR - Trading OpportunityHuge bullish divergence on XMRBTC, while at the same time bouncing from a strong support and entering the 4h cloud once again, now that the MA50 and Kijun have been reclaimed, a sure bounce and possible kumo breakout is in action here. Entry: 0.006778 Target 1: 0.007282 Target 2: 0.007660 SL: 0.006571 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
XLong
by ElMomento
Monero (XMR) the next destination can be $380The formation of Wedge: On the long term weekly chart the Monero has started the formation of a wedge pattern. Since then it has been nicely hitting the support and resistance levels of this wedge pattern. At this time it can be easily observed that after the drop of March 2020 even though the price action has hit the spike beyond the support but finally it is retraced back and re-gained the value upto 161%. But there are some certain bearish signals appeared therefore I am not expecting very soon break out from this pattern. If we take a closer look at the Bollinger bands indicator then it can be easily noticed that the upper bands of the bollinger bands is below the resistance of this wedge. If the price action will be reached at this level then the Bollinger bands won’t let the priceline of XMR to break out. And it will play a role of a strong hurdle, moreover after placing the volume profile on the complete price action moving within this wedge pattern if can be also found that the trader’s interest is up to $89. That is at the resistance level and above that level we have very weak interest of the traders. Therefore in order to break out we need to have the trader’s interest developed above the resistance of this wedge pattern. Here we have one more indicator that is very much important that is the point of control of the volume profile. This POC is at $48 therefore this point of control can pull back the priceline towards itself at any time but once the traders interest will be developed above the resistance of this wedge pattern then the point of control of this volume profile will be also moved up. And if that will happen then XMR will have more strong chances to have a powerful breakout. The combination of these indicators is showing weak bearish signals: If we place the stochastic and the moving average convergence divergence (MACD) and the momentum indicators then we can notice that this time the movement of the price action of XMR is different from the previous moves that the Monero has been making withing this wedge pattern. For example if we see in the month of December then it can be easily observed that 1st MACD turned weak bearish from strong bearish then we received the bull cross from stochastic indicator and then momentum also turned weak bearish and the price action turned strong bullish and reached at the resistance of the pattern. After that we can see that in the month of Jun 2019 the stochastic gave bear cross and the MACD turned weak bullish and the momentum also turned weak bullish then priceline of XMR moved down again and reached the support of this pattern. Then in the month of December 2019 we can again observe that that MACD turned weak bearish and the momentum was already weak bearish and in the month of January finally we received a clear bull cross by the stochastic indicator then again the priceline started strong bullish rally and reached up to the resistance of this wedge. Then again in the month of Feb 2020 the stochastic gave the bear cross and the MACD also turned weak bullish and at the end of March 2020 the momentum also turned weak bullish then priceline drpped down and reached at the support. So these moves are showing that the movement of the XMR within this wedge is very much synchronized with the signals of these 3 indicators. But time if we take a closer look at the movement and these indicators then we can notice that 1st the MACD turned weak bearish and the stochastic also gave the bull cross but so far the momentum indicator is ignoring these bullish signals of stochastic and MACD. And it is still giving the strong bearish signals. Therefore we cannot expect that the priceline will be reached at the resistance of this pattern to make an attempt for the breakout unless the momentum indicator will also be turned bullish. The support and resistance level: If we switch daily chart then it can be easily seen that after 17th March when the price acton turned bullish first it broke out the resistance level at $44 and then re-tested this resistance as support and after successful re-test the price action took another powerful bullish divergence. Then it faced some resistance at $58.42 but finally the priceline broke out this resistance. Now currenty the Monero is re-testing the previous resistance as a support at $58.42. After successful re-test of this resistance as support we will be confirmed that the priceline of XLM has finally broke out this resistance. Because this level has been working as a strong support and resistance level for the priceline of XMR since December 2018. Moving averages: If we watch the movement of the simple moving averages on the daily chart then after the strong bearish trend in the month of March the price action started the bullish rally. Then it has broken out all the simple moving averages with the time period of 50, 25,200 and 100. And after breaking out every moving average it has been re-testing the previous resistance of moving average as support and after every successful re-test the priceline moved up to break out the next simple moving average. At this time we can see that the priceline has broken out the 200 and 100 simple moving averages on one go. And now the priceline is retesting the 100 and 200 simple moving averages at the same time. Today a very strong bearish candle stick is appeared. And the 100 simple moving average is likely to be broken down and if the priceline will be closed below the 100 simple moving average then there will be more chances that it will break down the 200 SMA as well. If the 200 SMA will be broken down then the priceline can very easily breakdown the 25 and 50 simple moving averages. Therefore in order to continue the rally the 200 simple moving average shouldn’t be broken down. A very big bullish BAT pattern: Now I woud like to recall a very big bullish BAT pattern that is formed on the monthly chart. And we can see that since October 2018 the priceline has entered in the potential reversal zone of this pattern. We can also observe a very small spinning candlestick that was appeared in the month of March 2019 that was completely opened and closed below this potential reversal zone level. But in very next candlestick it was retraced back in this PRZ level. Recently again in the month of March 2020 have witnessed a very long bearish spike beyond the potential reversal zone. But in the very next candlestick the priceline has been retraced back in this PRZ level. The XMR’s final resistance level is $380 that is also in the Fibonacci projection area or the selll zone of this BAT patter. This is the Fibonacci projection of A to D leg. Therefore the price action once the price action will be entered in the potential sell zone then it can also make an attempt to break out the $380 resistance. So this bit bullish BAT pattern can produce upto 560% big gains. The Crab pattern saved the BAT pattern to be invalidated: In the meanwhile I would like to recall another harmonic bullish Crab pattern that was formed in the month of March 2020 by the price action of XMR. I have published this harmonic move in my post of 17th of March. And as per Fibonacci sequence of bullish Crab the priceline started a powerful bullish rally and produced more than 133% gains. This Crab pattern was the main reason that pushed back the priceline in the potential reversal zone of the big bullish BAT pattern that has been formed on the monthly chart. Conclusion: If the supports on the daily chart will be broken down then the Monero can start bearish rally on short term and mid-term. But on the long term the XMR can turn strong bullish at any time for up to 560% big gains and can hit the $380 long term resistance. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
BITFINEX:XMRUSDLong
by moon333
Don't miss the great buy opportunity in XMRUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (60.0). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XMRUSD 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 69. Take Profits: TP1= @ 71.70 TP2= @ 81.70 TP3= @ 96.90 SL= Break below S2
POLONIEX:XMRUSDLong
by ForecastCity
16
Don't miss the great buy opportunity in XMRUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (60.0). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XMRUSD 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 69. Take Profits: TP1= @ 71.70 TP2= @ 81.70 TP3= @ 96.90 SL= Break below S2
POLONIEX:XMRUSDLong
by ForecastCity
24
BTCUSD - The Big Picture and why I'm Leaning ShortUpside potential seems to be around lower 8000, if lucky, lower 9000s. Downside potential seems to be around 4400 as things stand. Based on those two figures, I lean short, but only considering technicals. In terms of fundamentals, this particular halving will hurt BTC more than it will help it. The likelihood of Bitcoin having a 9200% gain like in previous cycles is very low. If we apply a 92x gain from where are now, anyone holding a bitcoin, or even some alt coins for that matter, will be very rich in a year or so. The market will just not be that easy. I can still be wrong here, but I'm looking at a retracement that will near a double bottom, with the possibility of bitcoin exploring even lower prices. Anything is possible, but I lean short!
COINBASE:BTCUSDShort
by UnknownUnicorn1000353
7
Beautiful Trade Opportunities for Monero in Ascending ChannelMonero is in a beautiful ascending channel here. We can see the price oscillating very heavily at the moment. Such volatility is fantastic for traders who want to get several or more scalps in. You can trade a long position every time the price gets near the bottom support line, which will give you a great risk reward given the overall bullish trend of this channel. On each trade you can aim to get around 1-1.5% profit, and repeat as often as you can until the pattern gets invalidated. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
XLong
by Trading-Guru
4
XMR - More upside coming?One of the few crypto projects I like and I think doesn't look bad on HTF. XMRUSD pair laying on the support trying to move higher - XMRBTC pair formed some sort of rounded bottom on monthly (I'd prefer to long this pair if to choose out of 2). But before trade this, I'd like to see that it will be able to reclaim resistance (red area) first. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
XLong
by Bitduke
1