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Monerousd

XMRUSD: Channel Down intact. Expecting Lower Lows. Short.Monero delivered the expected aggressive bearish candle last week, and setting aside Monday's non-technical noise on the crypto market, the 1D Channel Down (STOCH = 32.187, MACD = -1.950) is now set and currently on a Lower High (RSI = 47.977, Highs/Lows = 0.000). 1W (MACD = -25.178, B/BP = -14.1959) is expected to push this lower towards our targets (TP = 75.792, 64.104). Crossing of the 96.192 support should result into more violent bearish candles for XMRUSD.
BITFINEX:XMRUSDShort
by InvestingScope
MONERO (XMR/USD) - It Looks Bad!Monero has a break below the major counter trendline which is not a good sign! On the 4h chart, it trades below the 200EMA and makes pretty 'heavy' steps downwards compared to others. Technically, if the Bitcoin makes another leg downwards then XMR would drop like a stone because there are some support levels but nothing significant until the red box at $104. Basically, we have a breakout downwards from the triangle, break below the EMA's plus Bitcoin makes moves downwards so, better stay out from Monero because if it drops, it drops pretty heavily! We don't give to You any bullish targets because technically the Monero is in pretty bad shape. The market has to make a pretty big turn upwards then we could come back and watch it again but currently, stay away! If You are interested in the latest cryptocurrency news, coin reviews and breaking stories from the world of blockchain then visit our website! (The LINK is on the profile) Hopefully, this analysis helped You out a little bit to confirm your own analysis and if You appreciate what we do here then hit the LIKE button! Best regards!
BITFINEX:XMRUSD
by UToday
1
Still strong balance of power between 1D and 1W.Monero remains neutral on the short term, balanced between the 1D Triangle (neutral RSI = 49.559, CCI = -49.0229, Highs/Lows = 0.0000) and the 1W Falling Wedge (MACD = -24.189, B/BP = -13.0206). Technically until either the 143.282 Resistance or the 96.192 Support break, the trend will remain neutral. However we are still more likely to see Lower Lows based on the 1W bearish continuation bias and that is the reason we remain short on XMRUSD with TP = 75.792, 64.104.
BITFINEX:XMRUSDShort
by InvestingScope
1W Falling Wedge vs 1D Triangle. Bearish confirmation below 103.XMRUSD is still on a tight balance of power between the commanding long term bearish trend of the 1W Falling Wedge (RSI = 43.439, MACD = -23.484, B/BP = -8.5290) and the 1D Triangle (RSI = 50.323, CCI = -7.6158, Highs/Lows = 0.0000) that keeps the short term trend neutral. We do notice however the rejection on the 1W Falling Wedge's Lower High (128.000) and if 103.754 is crossed then the 1D Triangle is nullified and a new Channel Down should emerge targeting initially at 96.192. We remain short on Monero, TP = 75.792, 64.104.
BITFINEX:XMRUSDShort
by InvestingScope
1
Balance between a Channel Down and a Triangle. Mostly bearish.Monero is keeping the 4H Channel Down intact (RSI = 43.399, MACD = -0.281, Highs/Lows = -1.4470) after yet another Lower High rejection at 122.70. However the rebound off the 96.555 Lower Low is maintaining a Triangle (blue dotted lines) on 1D (neutral RSI, Williams, CCI, Highs/Lows). If the 100 mark breaks in the next 3 sessions, then the Channel Down will overcome this balance. The 1W Channel Down however is still pushing for a lower price on the long term so we remain short on XMRUSD, TP = 75.792, 64.104.
BITFINEX:XMRUSD
by InvestingScope
MONERO (XMR/USD) Starts to Fight With The Heavy ResistanceLike almost all ALTS got a bounce from yesterday then so as Monero'. It bounced upwards from previous support level at $97. It made a massive bullish "Engulfing" candle which guides us above the round number $100 and the profit from the bottom was +11%! But looks like we have a heavy resistance above us. This red area has been historically a support and has been historically a resistance and now, again it starts to work as a resistance. In this area, around the $110, are all important EMA's on the four-hour chart and also we could find a counter trendline which passing through this area and makes a cross. This will all indicate that the key level is around $110. Break above the mentioned level will guide us back above the counter trendline, back above the EMA's and we make a new short-term higher high. Those criteria's are all bullish and if it could do this then definitely we are in the bullish zone again! Hopefully, those levels and this analysis helped You out a little bit to confirm Your own analysis! Please, don't forget to hit the LIKE button to support us! Best regards!
BITFINEX:XMRUSD
by UToday
Bearish Channel intact. Targets approaching. Still short.Following the strong Lower High rejection on the 1W Falling Wedge (MACD = -25.261, Highs/Lows = -2.9135, B/BP = -32.2662), XMRUSD is now consolidating around the 103.754 support (orange dots) in an effort to harmonize the oversold STOCH, STOCHRSI, Williams figures on 1D. 4H is developing a Channel Down (MACD = -3.617, Highs/Lows = -2.0217), symmetrical to the July 25 - August 15 pattern, that should steadily reach the previous low = 75.792. This remains our first short TP for Monero with 64.104 in extension.
BITFINEX:XMRUSDShort
by InvestingScope
Monero Price Analysis: Feast or Famine VersionFor those that have been following Monero, you’ve probably noticed the extraordinarily bullish sentiment that has taken hold of the protocl in recent weeks. There are a few reasons for that: 1. On a technical trading level, Monero was looking delectable. Period. 2. There was a report that came out that valued Monero somewhere in the upper reaches around $40k at some point in the near future (which is a few hundred/thousand percent above where it is currently). 3. Monero is a solid project in general and things that are fundamentally solid in any market, with awareness and marketing behind it are never going to die. Now that we got those facts out of the way, let’s get to the actual price analysis itself. Monero Price Analysis From the chart, we can see a break above the baby-symmetric triangle (which resulted in a reversal), into a couple of bounces that eventually let the price start jumping out of the gym before touching back down to earth (where it is now). If the mini-uptrend on the daily chart holds, then one should expect that the price will be increasing for Monero at any point now. Below, is another illustration of the chart to help traders get a better visual of what’s going on: If the uptrend were to hold here, then the green arrow should symbolize where the price action will head to in the future. But we can not just take this at face value! This is crypto, and the price could just as easily break back down below the uptrend line. There are a slew of negative price signals on the daily Exponential Moving Averages Burnt Orange = EMA-26 Lime Yellow = EMA-12 Looks like the EMA-12 may be headed down below the EMA-26, which would be bearish and the price has already crossed below both EMA indicators, which is bearish in itself. So, this is something to watch for. However, it must be noted that the exponential moving averages are lagging indicators. Its a bit messy, but you should still be able to clearly see the bearish cross of the MACD as well as the negative Histogram just getting started and the current bar is bigger than the last, and it also looks like the bars have just started on the negative side too. So, it looks like there's no waning on that situation coming anytime soon. Bollinger’s Bands Price isn’t even at the bottom of the Bollinger’s Bands on the daily. No bounce in sight. (Continued on September 11th, 2018) Let’s Go to the 2 Hour As you can see in the photo above, the uptrend appears to be holding fairly and we can see a slight bounce off of the trendline at the end. The yellow squares that you see are indicative of the touches on the trendline (please note that this does not need to be an “exact” touch, just within the general realm/region). RSI(14) on the 2H Truthfully, the RSI is a bit iffy here, but it does appear to be on its way up. XMR’s fate will probably be decided, in large part, by the performance of the crypto market in general. If the crypto market s**** the bed at some point in time, then yeah, it’s most likely that the price of Monero is going to plummet with it. While it has been defying the market trend over the past month, it has not been entirely immune to downward moves. For the most part, Monero has been on the move while Bitcoin/crypto markets are moving sideways/going up. But when the market is headed downward, it has generally been consolidating as well (we can even observe this phenomenon on the charts now). However, the fact that the uptrend line has held so solidly is fairly indicative of the fact that it is proving to be a reliable point of support for the price. But, a break below this could lead to the same disastrous drop in price that we had seen before. The two pictures above show the inherent risk to traders if they are “wrong” about their long decision. Conclusion (Strategy Advocacy; Not Financial Advice) If it were left up to the author’s hands, and they were resolute on making some sort of play on Monero, then the best play would probably be to wait. The author is unsure about the liquidity of shorts on Bitfinex’s platform, but if the price does break down below the uptrend line that it is on, then Monero would be an excellent short. That’s something that most readers have probably gathered at this point. A price where this breakage below the uptrend would probably be most ‘apparent’, would be at $100. Or, one could wait until there is another massive decrease in the markets, and make sure to short a coin like Monero, because it is more than likely that it will finally depreciate like the rest of the market once it has finally broken its uptrend. Conversely, if this does not happen, then a tentative long position should be placed at the next resistance point that gets broken. It’s fair to assume that the next notable resistance point for Monero is hovering in the $108-$110 range. This resistance point was determined by looking at the top of the range that Monero is trading in. Thus, if the price breaks above the point where Monero is at currently, it would be most prudent to place a long position there and then place a S/L just below the resistance point. Placing a long where the price is at currently could be really risky, even if you have a solid S/L on the market because a dramatic reduction in price could lead to your S/L not being fulfilled at all. And such an event is much more likely to happen in the wake of a major sell off or decrease in price (which tends to happen when price breaks below a trendline). In either case, be safe trading!
BITFINEX:XMRUSD
by librehash
1
MONERO - IT'S ALL ABOUT THAT TREND LINE - CryptoManiac101Pattern is bullish with this trade What we need is to stay above that trend line which will confirm bullish movement, otherwise we will see demand zones If you enter today have tight SL. Define how much you can afford to risk and go between 5% - 10% in SL from entry Enjoy this trade advice my Crypto Maniacs, but remember to invest only what you can afford to lose or you're going right back to poverty on drop. We are not your financial advisors. BITCOIN IS WHAT WILL GIVE MORE BULLISH INCENTIVE FOR MONERO
KRAKEN:XMRUSD
by CryptoManiac101
2
A second Chance to Buy in XMRUSD ... Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. The price is above the 21-Day WEMA which acts as a dynamic support. Relative strength index (RSI) is 50. New trading suggestion: The price is in a range bound and we forecast the uptrend would resume. There is still a possibility of temporary retracement to suggested support line (110). 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 (110). 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 11 BUY trade(s) @ 89.47 based on ' Valley' entry method at 08.15.2018. Total Profit: 25712 pip Closed trade(s): 5606 Profit Open trade(s): 20106 Profit Closed Profit: TP1 @ 105.00 touched at 08.27.2018 with 1553 Profit. TP2 @ 130.00 touched at 08.27.2018 with 4053 Profit. 1553 + 4053 = 5606 Open Profit: Profit for one trade is 111.81 (current price) - 89.47 (open price) = 2234 9 trade(s) still open, therefore total profit for open trade(s) is 2234 x 9 = 20106 All SLs moved to Break-even point. Take Profit: TP3= @ 149.00 TP4= @ 170.00 TP5= @ 192.00 TP6= @ 227.00 TP7= @ 258.00 TP8= @ 298.00 TP9= @ 378.00 TP10= @ 469.00 TP11= Free
KRAKEN:XMRUSDLong
by ForecastCity
A second Chance to Buy in XMRUSD ... Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. The price is above the 21-Day WEMA which acts as a dynamic support. Relative strength index (RSI) is 50. New trading suggestion: The price is in a range bound and we forecast the uptrend would resume. There is still a possibility of temporary retracement to suggested support line (110). 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 (110). 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 11 BUY trade(s) @ 89.47 based on ' Valley' entry method at 08.15.2018. Total Profit: 25712 pip Closed trade(s): 5606 Profit Open trade(s): 20106 Profit Closed Profit: TP1 @ 105.00 touched at 08.27.2018 with 1553 Profit. TP2 @ 130.00 touched at 08.27.2018 with 4053 Profit. 1553 + 4053 = 5606 Open Profit: Profit for one trade is 111.81 (current price) - 89.47 (open price) = 2234 9 trade(s) still open, therefore total profit for open trade(s) is 2234 x 9 = 20106 All SLs moved to Break-even point. Take Profit: TP3= @ 149.00 TP4= @ 170.00 TP5= @ 192.00 TP6= @ 227.00 TP7= @ 258.00 TP8= @ 298.00 TP9= @ 378.00 TP10= @ 469.00 TP11= Free
KRAKEN:XMRUSDLong
by ForecastCity
4
Targets hit. Lower High made on 1W. Bearish reversal.Monero eventually made a Lower High (Highs/Lows = 0.0000) on the 1W Falling Wedge (red dotted lines/ RSI = 42.243, MACD = -24.873, B/BP = -27703), which is the long term pattern that dictates the trend, hitting in the meantime our 115.494 and 120.927 targets. As seen on 1D the rejection has been emphatic with 5H oversold (STOCHRSI = 0.000, Williams = -88.858). We are now short on XMRUSD with TP = 75.792 and 64.104 in extension.
BITFINEX:XMRUSDShort
by InvestingScope
Wedge Test, Resistance TestThis is a huge testing point for Monero. Drew this up a couple days ago and if monero can break through that wedge area, the next resistance test point would be $155. However my gut, which I hope is wrong, is telling me monero is going to drop a test the support line at $115. If it can hold over $115, monero should be go at least $155 before October. If monero breaks past $115, it will test past support of $85 which I'm confident it will hold. Again, if monero breaks past $115, it shouldn't break out in mid to late October. The next week will be critical for the whole crypto market. P.S. this is not investment advice.
KRAKEN:XMRUSD
by Prince_C