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Monero

#Monero Slips 20% From January highs, XMR Bears Target $140Past Performance of Monero After encouraging gains from November 2022, Monero is retracing, finding resistance at around the $170 to $190 zone. It is currently down roughly 20 percent from recent highs. As it is, every high is an unloading opportunity for aggressive traders expecting deeper corrections. Because the drawdown is with rising volume, indicating participation, traders can ride the bear trend with targets at immediate support levels. #Monero Technical Analysis From a top-down preview, buyers have a chance to resume the uptrend. However, the failure of bulls to press higher and overcome resistance at $190 hinted at weakness. The follow-through of the bear candlestick of January 30 swung price action to favor sellers. With prices below the middle BB and yesterday's bar being wide-ranging and bearish, XMR may post more losses. As it is, XMR could drop to as low as $140, the 61.8 percent Fibonacci retracement level of the December to February trade range. What to Expect from #XMR? Bears are in the driving seat unless there is a bullish bar signaling bulls. Yesterday's bar was bearish and aligned with the lower BB indicating strong bearish pressure. Traders may look to sell, targeting $140 or lower in the days ahead. Resistance level to watch out for: $170 Support level to watch out for: $140 Disclaimer: Opinions expressed are not investment advice. Do your research.
XShort
by Bitcoin_Analyzer
XMRUSDT - Crucial pointXMRUSDT - Crucial point At this very moment XMR is facing the resistance of the median of the Keltner Channel and needs to break through 168.6 , to disfigure the bullish channel that coincides exactly with the median of the Keltner Channel. With moving averages pointing upwards and a buyer's RSI, I believe that if nothing external influences it will break even today. On January 31st, getmonero.org underwent maintenance and was offline for a few hours, and this generated a kind of collective panic. But hours later it was back to normal and she recovers easily. Good currency to trade, no big dumps. Here are the supports and resistances in the 4H: Key support levels: 163.3 / 159.5 / 155.8 Main Resistance Levels: 168.5 / 171.5 / 182.4
X
by ferulianov
XMRUSDT 4HXMRUSDT XMR remains within this descending pattern, which is a downtrend characterized by lower lows and lower highs, but if it does not miss the bottom of 163.8 we could see an accumulative triangle formation being formed, with high possibilities of an upside breakout. No US macroeconomic data to be released this week, it should be a quiet trading week for BTC, putting a brake on dominance and the alts could make a good rally. Important: You cannot miss the bottom of 163.6 Here are the supports and resistances in the 4H: Main support levels: 163.6 / 159.5 / 156.4 Main Resistance Levels: 167.4 / 171.5 / 178.9
X
by ferulianov
XMRUSDT...freshly baked sh*t ideaBINANCE:XMRUSDT freshly baked sh*t idea just for the loyal customers of the shop! look at the chart? what do you see? do u see a previous uptrend of MONERO? YES do u see retracement? YES do u see consolidation? yes i do (stop asking u stupid FUK) do u see a strong SUPPORT?????????? YESSSSSS do u see dead people? WTF! yes i do! look again at the chart and set your targets...i know i did! #stop_being_poor DISCLAIMER: this advice will make u poor as FUK
XLong
by meez_PremiumNOT
2
XMR triangle breakoutPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Have this draw for week or so just didn't post but now is the time I guess! Orange trendline added. Monero broke up this triangle 📐 and now still backtesting it's upper edge. I just bought as I think there is chance to reclaim the previously broken triangle lower edge and then the price could surge to 203.5 target and even higher. ENTRY : local high @ 174.2 STOPLOSS (SL) : local low @ 167.0 TARGET (TP) : height of the triangle projected from midpoint of the local range @ 203.5 REWARD RISK RATIO (RRR) : 4.0 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
XLong
by bizmark
4
XMRUSDT 4HXMRUSDT 4H The price is trading inside the bullish channel, it has crossed the Ichimoku cloud downwards but is engulfing and the tendency is to test the cloudiness of the Cloud again. Before that, you can backtrack and find MM100 at 167.9. XMR is a consolidated altcoins in the market, privacy currency and I consider it one of the best to trade. Here are the supports and resistances in the 1H: Main support levels : 172.1 / 171.1/ 167.7 Main Resistance Levels: 174.4 / 176.6 / 177.5
X
by ferulianov
#Monero Adds 50%, Will The $170 Support Hold?Past Performance of Monero Monero is trading above August 2022 highs as momentum fades. The uptrend remains valid, and XMR is up over 50 percent from November lows. As long as XMR trades above $170, buyers remain in control and may push prices toward $200 or better in sessions ahead. #Monero Technical Analysis XMR is within a bullish breakout formation, reading from the arrangement in the daily chart. For the uptrend to be sustained, XMR bulls must keep prices above $170. Otherwise, any loss below the August 2022 high may invalidate the bullish breakout of mid-January. Ideally, conservative, risk-off traders may wait for XMR prices to push above $185 in the short term, breaking out from the current $15 consolidation. Then, they can double down, especially if the accompanying volumes are high, targeting $200. What to Expect from #XMR? Bulls are confident but should $170 fail to hold, Monero may correct, possibly dropping to $150. This level marks the 50 percent Fibonacci retracement level of the November to January 2023 trade range. Resistance level to watch out for: $185 Support level to watch out for: $170 Disclaimer: Opinions expressed are not investment advice. Do your research.
XLong
by Bitcoin_Analyzer
Monero still has bullish momentumXMR continued its upward trend over the past weeks, and according to the previous analysis, its price growth increased just after breaking any resistance, turning that level into support. Monero still has bullish momentum, and if it breaks the current resistance in the $172 - $178 range, it could rise to the top of the main descending channel. Note that the channel ceiling resistance overlaps at $200 and is a psychological level. Therefore, the possibility that the price will be corrected from this range is high. If this resistance is broken in the future, we can expect the end of the corrective wave in the weekly time frame and the beginning of the price movement to reach the previous ceilings. Also, if this resistance is broken, the daily trend can be upward. Therefore, pullbacks that return to support areas in the future can be considered demand areas.
X
by MonoCoinSignal
3
XMRUSDT 1HXMR is facing the cloudiness of the Ichimoku cloud and passing through it must go to the upper edge of the triangular wedge imposed by the 1H time frame, in this pass it can retreat to the lower and then pull back. positive prognosis, as XMR is the most popular privacy coin. The $173.3 region where the MM100 sits is also a powerful support should there be a larger correction as the market is still heavily dependent on the Fed's policy on interest rates and is not out of the woods until the Fed changes its stance aggressive. Key support levels: 175.5 / 174.6 / 173.3 Main Resistance Levels: 178.6 / 179.2 / 181.4 MM100: At the height of $173.3 RSI: Exhaustion of Selling Forces
XLong
by ferulianov
1
XMRUSD - Rejected by Upper Edge of Symmetrical TriangleMonero looks to be trapped inside this symmetrical triangle which has formed after another rejection when trying to break through the upper bounds. There's a nice parallel channel formed for the price to fall back into but it may need a little wiggle romm first based on historical S/R levels. We can see the price reaching the lower edge of the aforementioned triangle but it may take a few days or even weeks, somewhere between 15-20% profit could be expected from this Sell signal from Crypto Tipster v2.
KRAKEN:XMRUSDShort
by theCrypster
XMRUSDT H4Looking at the H4 chart, my overall bias for XMRUSDT is bullish, however we have the MM200 which I believe may visit before starting its bullish run. RSI shows an exhaustion of selling forces and besides XMR has just touched the lower edge of the Keltner Channel, which could be indicative of a pull back, the Ichimokut cloud also indicates a rise as it exerts a gravitational pull on the asset, both up and down. Here are the supports and resistances: S: 157.2 / 154.1 A: 165.9 / 168.3 Fundamentally speaking XMR is one of those high octage altcoins. Monero Privacy Coin, uses proof-of-work consensus mechanism to validate transactions and add them to the blockchain, it also uses the combination of stealth addresses and ring signatures to provide greater privacy and anonymity for its users.
XLong
by ferulianov
2