Monerousd
XMR/USD Possible Teacp - Monero Dinero!This trade idea is for demonstration and educational purposes only. Trade at your own risk.
We see a possible teacup formation. Key things to note:
1. Price is being contained within an ascending channel.
2. Price is very well respecting the 50% fib level and using this level as dynamic support.
3. Possible makings of teacup in terms of handle formation.
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Potential Monero correctionIs this a flag or descending triangle?
To me it looks more like correction time. Monero had several moves up, now the high probability scenario is favouring a correction.
Please refer to the chart for potential targets.
Critical moment, Cup and handle or not ???See my related idea below.
I think Monero has the best fundamentals over any other crypto.
Monero is one of the best crypto project. Low fee, untraceable, fungible, deflationary etc.. Monero is the real synonym of decentralization. Monero is what bitcoin was supposed to be in first hand, and it works.
Do not miss your chance to grab some xmr at such price. ( SERIOUSLY) You will regret it someday.
technical analysis looks clean with a possible cup and handle pattern. Volume is slowly growing. Here is my tip : watch for the volume. It will be your sign. If we break out 120$ish, do not hesitate and BUY.
You shouldn't even wait for a breakout. This is electronic untraceable cash. It has a value that you can't even imagine. We are finally our own bank.
Just my two cents about XMRUSDWe are lagging behind BTC. Could this be because we need a handle to complete a cup and handle pattern?
The handle could go as low as 100 USD and it would still be healthy.
One thing for sure is that we need MORE volume to break out of this pattern.
Monero printed a strong long signalThis is to hold long term, not for swing trading.
Daily is showing some clear support on the daily 50 Smma, after having spent the bear market below it (except for false breakouts that lasted only some days/week).
The pattern is clearly showing more buyers than sellers, raising over this blue Smma and using it as a support.
The Smma 200 in pink is more resistive, but buyers are pressurizing it more and more.
No golden cross yet, but with patience it should be created soon.
Regarding the weekly, Monero finally created a false breakout of 2 weekly candles on the major Smma, after having pressurized this moving average during 5 consecutive weeks.
Super encouraging, the bottom of December looks very clear, to me.
Bear in mind major alts might take some time before finally taking off, and important volatility is to be considered.
Do not expect to be rich in a week, or get out of this market.
Patience, education about particular coins like Xmr is what is needed to survive and eventually make money.
XMR getting close to do-or-dieXMR nears its finally support zone before it falls into the abyss
We did panic dump and nearly hit out support level but scaling in here with a tight stop could be a good play
A second Chance to Buy in XMRUSDMidterm forecast:
98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 74.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (98.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested support line (98.50).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" 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 special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 14 BUY trade(s) @ 49.70 based on '2-Day Hammer' entry method at 2019.03.12.
Total Profit: 74244 pip
Closed trade(s): 20380 pip Profit
Open trade(s): 53864 pip Profit
Closed Profit:
TP1 @ 56.70 touched at 2019.03.31 with 700 pip Profit.
TP2 @ 65.50 touched at 2019.04.02 with 1580 pip Profit.
TP3 @ 76.30 touched at 2019.04.02 with 2660 pip Profit.
TP4 @ 88.65 touched at 2019.05.15 with 3895 pip Profit.
TP5 @ 100.00 touched at 2019.06.19 with 5030 pip Profit.
TP6 @ 114.85 touched at 2019.06.22 with 6515 pip Profit.
700 + 1580 + 2660 + 3895 +5030 + 6515 = 20380
Open Profit:
Profit for one trade is 117.03 (current price) - 49.70 (open price) = 6733 pip
8 trade(s) still open, therefore total profit for open trade(s) is 6733 x 8 = 53864 pip
All SLs moved to Break-even point.
Take Profits:
TP7= @ 137.95
TP8= @ 149.10
TP9= @ 168.70
TP10= @ 230.10
TP11= @ 298.90
TP12= @ 372.35
TP13= @ 447.10
TP14= Free
A second Chance to Buy in XMRUSDMidterm forecast:
98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 74.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (98.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested support line (98.50).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" 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 special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 14 BUY trade(s) @ 49.70 based on '2-Day Hammer' entry method at 2019.03.12.
Total Profit: 74244 pip
Closed trade(s): 20380 pip Profit
Open trade(s): 53864 pip Profit
Closed Profit:
TP1 @ 56.70 touched at 2019.03.31 with 700 pip Profit.
TP2 @ 65.50 touched at 2019.04.02 with 1580 pip Profit.
TP3 @ 76.30 touched at 2019.04.02 with 2660 pip Profit.
TP4 @ 88.65 touched at 2019.05.15 with 3895 pip Profit.
TP5 @ 100.00 touched at 2019.06.19 with 5030 pip Profit.
TP6 @ 114.85 touched at 2019.06.22 with 6515 pip Profit.
700 + 1580 + 2660 + 3895 +5030 + 6515 = 20380
Open Profit:
Profit for one trade is 117.03 (current price) - 49.70 (open price) = 6733 pip
8 trade(s) still open, therefore total profit for open trade(s) is 6733 x 8 = 53864 pip
All SLs moved to Break-even point.
Take Profits:
TP7= @ 137.95
TP8= @ 149.10
TP9= @ 168.70
TP10= @ 230.10
TP11= @ 298.90
TP12= @ 372.35
TP13= @ 447.10
TP14= Free
XMR needs to push hereXMR continues to remain stuck under this very strong supply zone
A break and hold above is needed before entering a long position
Upside target outlined in the chart below
MONERO - FULL & COMPLETE ELLIOTT WAVE ANALYSISMonero (XMR) now entering its THIRD Wave.
Target seems to be just short of $800.
MoneroXMRUSD formed triangle and soon we will break up resistance line of triangle.
MA 50 and MA100 aready cross - signal for buy
Also you can see how MA100 and MA200 soon cross
XMR Bear Cycle CompletedWelcome back!
Today I wanted to go over one of the large caps because they are the ones that lead the market.
XMR is a great long term cycle because it has proven itself with Bitcoins bear cycles previously.
I like this set up for a couple reasons...
First off, we have a very strong trend that went uber parabolic in the last cycle. This created a 1,3,5 Elliott Wave sequence,
and with the breakout of major descending resistance we have now made the first indications that this bear cycle is over.
From where were at now, I would expect us to continue higher to my target at $150.
I also noticed a pattern thats playing out compared to the last bear cycle that is almost exactly the same.
These cycles often repeat the same cycles in different forms but the resemblance is near exact.
Will history repeat itself? Only time will tell but, I am bullish.
XMR Day TradeWelcome Back!
Today I am watching XMR for a potential breakout of a bull pennant. This pattern comes after a breakout of major descending resistance which signals the end of the bear market.
Currently prices are tagging resistance of the pennant which is why I am waiting for confirmation one way or the other.
For a bull break to occur the best entry will be the retest of resistance now acting as support.
Another option I am watching is for price to reject off this resistance and fall back to trending support one last time before a break.
Either way I am bullish with how this is accumulating and will be watching for my target to be met.
Target-$82
XMR/USDT MONERO UPTREND DONT MISS IT EASY PROFIT !!!Hello guys.
Welcome to Technical Analysis on MONERO (XMR) which is one of the next big things (not judging by the rumors), but technical and fundamentals.
After Zcash it's a second best privacy coin made.
We have seen Monero is sidewalking since December, pretty much at the same range (0.0120-0.0135 sats), but since volatile as usual, #XMR will gain masin coming days.
Lets rollback at the beginning.
Lowest low on XMR was 0.012 BTC/XMR in August, November and December last year.
Since than, as per technicals and either TA or FA analysis continually bullish as sidewalking, but keeping the trendline.
Judging as per technicals :
Weekly oversold, monthly oversold, yearly... :)
Stochastic RSI is uprising on weekly /(looking very sharp on daily basis), Daily Stoch RSI on very bottom in front of daily bullish cross.
MACD confirms bullish momentum.
When talking about fundamentals, there are roomors that privacy coins will be more and more popular in time.
Speaking of that and having on mind XMR bulletproof fork which brought siginificant improvements as :
To hide the amounts of a transaction one needs to provide commitments to values instead of the values themselves. These commitments need to ensure certain properties, the most important of them being that the sum of the outputs is not larger than the sum of the inputs. In other words, if a transaction has two inputs A and B and two outputs X and Y, we need to show that A+B - (X+Y) >= 0 without revealing any of the values. This is not a very hard problem in principle, but it becomes hard when your system is susceptible to overflowing. This occurs when numbers are stored using a fixed amount of space, and means that if a number becomes too big it will simply disregard the most significant bit. Then, an attacker could choose very large values for X and Y, making A+B - (X+Y) >=0 because overflowing, while in reality A+B - (X+Y) is far less than 0.
To overcome the problem above people use range proofs, which basically prove that a commitment correspond to a number in a certain range, but without revealing the number. This way, an attacker cannot use very large numbers. Unfortunately, these range proofs require (if I understand correctly) a separate ring signature for every bit of the number, making them particularly heavy in terms of space.
Bulletproofs are a replacement for range proofs that use far less space. I do not have a good understanding of the internals of bulletproofs, so I cannot explain them and this comment
However, Zec is a carrier of ZK Snark protocol (Zero Knowledge) it allows anonymity or transparency in the same time/upon users choice (with further network upgrades), but has 100% obfuscation, (as bulletproof fork on XMR, only even better).
Speaking of XMR (Monero), JP Morgan refused XMR in favor of ZEC considering it only valuable asset for 100% private transactions.
There is a rumor also that ZEC will be @SwissBANK 21.century currency, but its too early to talk about it.
I would like to clarify one thing for the people who say " BTC is the KING" and other nonsense stories.
Biggest run of XMR was from 87 to 450$.
One more important thing to add is that we need to understand where Bitcoin is going in order to understand how altcoins will behave, because i've seen bunch of people posting wishful thinking TA's in order get followers.
XMR in the meantime during Bitcoin consolidation and run uptrended for 30% over Bitcoin .
That would be 43% nominal USD gain (if you have invested 100$ on btc 4000 XMR current price), you would have 143$ worth of XMR since exponential growth and ratio change.
Now, after B is pretty much stable on 5000$ range +, expecting XMR to shoot up as it does making over 100$ per XMR (as making parabolic slope upwards) and makes huge gain.
If you find this TA and FA usefull, feel free to press like and follow.
Constructive comments are welcome, ideas and every type of criticism of course.
Don't hesitate to leave your comment in comment section.
Good luck and happy trading :)
Trading plan XMR/USD 12/4/2019You should consider buying at market price with a target of 85-90 and stop loss at 62.5.
There is a possibility for the beginning of an uptrend in XMRUSDMidterm forecast:
While the price is above the support 38.50, beginning of uptrend is expected.
We make sure when the resistance at 76.30 breaks.
If the support at 38.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 56.
Trading suggestion:
There is still a possibility of temporary retracement to suggested support zone (48.00 to 38.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (48.00)
Ending of entry zone (38.50)
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 :
Trade Setup:
We opened 14 BUY trade(s) @ 49.70 based on '2-Day Hammer' entry method at 2019.03.12.
Total Profit: 3682 pip
Closed trade(s): 0 pip Profit
Open trade(s): 3682 pip Profit
Open Profit:
Profit for one trade is 52.33 (current price) - 49.70 (open price) = 266 pip
14 trade(s) still open, therefore total profit for open trade(s) is 266 x 14 = 3682 pip
Take Profits:
TP1= @ 56.70
TP2= 65.50
TP3= 76.30
TP4= 88.65
TP5= 100.00
TP6= 114.85
TP7= 137.95
TP8= 149.10
TP9= 168.70
TP10= 230.10
TP11= 298.90
TP12= 372.35
TP13= 447.10
TP14= Free
#XMRUSD (#MONERO) Looking for the next destinationOn the daily chart, we crossed the 200 moving average line which is a positive sign for further gains on the Monro price, you can see that once the price touched a moving average, it fell but immediately Rose and bypassed the old price and this time broke the moving average 200, one more step forward confirming the strength of buyers and the high demand.
From the point of view of indicators, we use the Ichimoku and Stochastic
Ichimoku-All the positive signs support the continued strengthening of the Monero
Stochastic- we are approaching Overbought which means that there could be a correction of the upward movement.
If we turn to the weekly chart, there seems to be strong resistance at 80 in the price of the Monroe and on the monthly chart another resistance in the 90.
Since all the signs are positive we recommend buying signals in the long term, for those looking to be more active and not stay too long on a long term position can buy Monroe until the price reaches 80 and then turn a position into a sell position
Buy Monero: 72.11
Stop Loss: 65
Take Profit: 80
Monero Outlook 2019I'm a fungibility perma bull so coins like Monero and Masari are my FA dolls. I don't really trade Monero as I'd prefer to use it, but it's interesting to see what potential gains I could get through mining/buying further into the project. I've identified some key price points to watch on the chart and will elaborate on those.
Check out the volume in Sept 17 on this daily chart. It spikes hard. Sept 17 was before the world got caught up in the euphoria of the bull. Sometime very soon we could see similarly large, consecutive volume days that spike the coin up to the $113-$115 resistance. With the way the market is behaving this could happen incredibly quick, or it could take a couple weeks. There are crazy setups all over the place and we'll see if new money is flocking in over the course of April/May.
Once it breaks & holds $115, I think it's pretty easy to move in and go long confidently. The most intriguing part of this chart to me is the zone between $150-$180. $150 is a very strong resistance and will also act as a strong support. $180 & $218 are weak resistance levels. They're the culmination of 3-5 days of trading.
XMR has a very easy path from $150 to $300. $300 - $450 are full of hard resistance levels and will present alot of challenges. I think anyone entering between $70 - $115 will be very happy by EOY.
XMR // Monero USD - OutlookHello traders, happy Sunday. I hope you all had a fantastic weekend. Today we take a look at XMR / USD Daily.
Price has recently formed a Demand Pivot on our Daily timeframe. Our Demand Pivot has formed upon our Weekly S/R level.
- This in turns shows strong confluence for a bullish push within the midterm for Monero.
- Our current key local resistance being at our Local Supply EQ @ $59.82. A solid break and close on HTFs above this area could lead the path towards a resistance area of $70-$75 USD for XMRUSD.
- We currently do not want to see price trade below or close below our Blue area around $47.50. This in turn would shift our bias to the bearish side with targets below $39 USD.
Bullish on XMR within the mid term as long as we do not close or trade below our Weekly S/R & Daily Demand. Bullish target @ our Upper Supply level @ $101-$106 USD.
Let's have a great trading week!
XMR next large cap to move! XMR looks like it is the next to join the party. It has bounced off support so far but could see a brief dip down to trendline or even the lower support zone. Looking for entries in those areas could be a better R/R for the move higher!
Ascending wedge has formed as well with a break above that resistance adding fuel for a breakout higher!
Thanks guys!
There is a possibility for the beginning of an uptrend in XMRUSDMidterm forecast:
While the price is above the support 38.50, beginning of uptrend is expected.
We make sure when the resistance at 76.30 breaks.
If the support at 38.50 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 63.
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (48.00 to 38.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (48.00)
Ending of entry zone (38.50)
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 the 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:
Trade Setup:
We opened 14 BUY trade(s) @ 50.70 based on 'Hammer' entry method at 2019.03.12.
Total Profit: 3962 pip
Closed trade(s): 0 pip Profit
Open trade(s): 3962 pip Profit
Open Profit:
Profit for one trade is 53.53(current price) - 50.70(open price) = 283 pip
14 trade(s) still open, therefore total profit for open trade(s) is 283 x 14 = 3962 pip
Take Profits:
TP1= @ 56.70
TP2= 65.50
TP3= 76.30
TP4= 88.65
TP5= 100.00
TP6= 114.85
TP7= 137.95
TP8= 149.10
TP9= 168.70
TP10= 230.10
TP11= 298.90
TP12= 372.35
TP13= 447.10
TP14= Free
