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Monero

Monero $XMR predicting the crypto market price movements?So, let me share this interesting speculation based on Monero chart. Now, it's clear that crypto tokens move altogether more or less, and paint the same kind of structures, channels, breakouts, -downs and such. While inspecting different charts of alt coins and bitcoin we have seen the same sort of descending channel - in case of bitcoin, starting since $10K+ and here with Monero since $100 or so. In every chart we have seen the price break the channel floor, leading to that nasty drop with that nasty wick, and so far it has been the bottom since the problems began throughout the markets. We have also seen decently fast recovery in crypto and price have fought its way back to that lost descending channel. Only here in Monero case however, what I've seen, the price movement has already reached the upper side of that same descending channel as well. I don't know what kind of conclusions make of this tbh, either Monero is just ahead of the curve and predicting rest of the crypto markets - or it's in overall just more bullish compared to many other. However, I feel that if the price can breakout of this channel, the drop that many people have been waiting for, may not happen, at least not in such aggressive way we've been prepared to. Soon we see.
XLong
by paskalien
XMRUSD forming bullish Crab for upto 587% bullish moveHi Folks hope you are well, this bearish trend is helping many tokens and cryptocurrencies to complete their finals bearish legs to form bullish patterns and Monero (XMR) is also one of them. On 2 day chart the XMR has formed bullish Crab pattern, even though the price action has hit the spike in PRZ level and pulled back but I am expecting that due to this bearish trend it will give us another change to catch it from the potential reversal zone. Let’s dig this pattern deeper to check how perfect this pattern is formed: After initial leg (X to A) the A to B leg is retraced between 0.328 to 0.618 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 1.27 to 161.8 Fibonacci. Buying And Sell Targets: The buying and sell targets according to harmonic Crab pattern should be: Buy between: $29.819 to $11.431 Sell between: $44.060 to $78.554 So this trade has up to 587% big profit possibility. Stop Loss: The potential reversal zone area can be used as stop loss in case of complete candle stick closes below this level. 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
XMR ANALYSIS: SHORT THE RELIEF RALLYXMR ANALYSIS: XMR setup looks very similar to many other major alts, and unfortunately the buy volume still isn’t there to keep the price afloat. XMR had a relief rally hitting over 40, but was then rejected again cutting below and making no temporary support along the way. I expect a slow push to the new resistance, followed by a rejection further down to major support. Wait until a confirmed rejection at/near $36 before opening shorts. Short targets are T1 at $30.60, T2 at $29.30, and T3 at $27.86. I believe XMR buy volume will really step in when XMR hits this low. It would also confirm a nice double bottom and produce a potential bullish divergence. Short Entries: $36-38
KRAKEN:XMRUSDShort
by altchicasignals
XMR ANALYSIS: BEARS IN CONTROLXMRBTC ANALYSIS: XMR has broken below the major moving averages and faces a small triangle. Typical triangles, such as the ones in this chart, can easily swing either way. Therefore, its best to wait for further confirmation. In this case, there is new resistance band at 200MA in the red box near 7100 sats. Its possible to see a quick wick up the resistance, where it is then rejected back down to support. Look to stagger short bids up to short term resistance block. The key profit points are T1 at 6860 sats, T2 at 6660 sats, and T3 at 6420 sats. There shows a heavy line of support and buyers near the support and I expect this to hold well. Signal is invalidated if XMR pumps above short term resistance. Possible Short Entries: 6950-7150 sats
XShort
by altchicasignals
1
XMRUSD formed bullish BAT | Upto 72% move expectedHi friends hope you are well, on 2 day chart the Monero (XMR) Coin has formed bullish BAT pattern and entered in potential reversal zone to move up. Lest’s dig the pattern deeper to see how perfect this pattern is formed: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: $55.701 to $50.477 Sell between: $68.18 to $86.926 Stop Loss: The potential reversal zone area which is up to to $8.80 can be used as stop loss in case of complete candle stick closes below this level. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own reaserch before any investment.
BITFINEX:XMRUSDLong
by moon333
XMR/USDT (4H) - Wait for Ideal entry areaHi Traders, Last days we can see huge sell-offs. If you sold the top. Now will come time to increase amount of coins for Corrective wave UP. Watch marked green zone. Entire move depends on BTC so consider entry at first box (48-46USDT) and use stop-loss. If we reach a second entry zone, this should be much safer. I will enter llong position with much higher position. At least for é.382 Fib retracement to make some profits. Also wait for some reversing structure at the end of wave v of (v) like we ad in wave v of (iii). Have nice day, be patient and take rest with entire market or short some sh@tcoins like XRP :D Ciao....
XLong
by Longevity_Contrarian
2
$xmr sorry no explainUsed some different TFs for some thing In general I think btc and high cap alts move up. Depends on alot of this, local pRiCe AcTiOn. Sorry its just when I first heard that to describe prices it was used by elliot wave traders, MA users, and ichimoku rektumers. Every time I say it or hear it, I remember that one time in the tezos room where I saw those noobs arguing. but yah, it will depend what happens at a number of places. for FA full mewn coming up, + merc retro ending. Lets see if we get some follow through. That said I dont follow merc retrograde much, if you put it on btc chart for long time, youll see why. Some news saying new law in congress bans internet encryption. Anyway may see some pump/dump action on pRiVaCy coins and what not. Oops went afk and cant remember what else.
Long
by Noobincrypt