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.
Monerousd
MONERO WIRELINES PART III like to see how my ideas of novice trader were not so bad.
Fault of inexperience I overestimated the partial rise and monero is today were the arrows said.
Monero like many other coin is approaching the supply zone . This zone was a demande zone from november till june and finally was broken. In July monero did a nice big flag and was pushed away from this zone like a meteorite directed to the .. old demande zone.
Now is approaching again this level.
Here we have
1) Negative trendline
2) Demand/supply zone (i think supply zone )
3) support of the flag.
In the gray circle you have a clear bullish fractal . It is not so big so the power of the fractal is not enough to sent monero to the moon.
Your choise if you want to hodl or sodl.
Personally I trodl and I would wait a more safe entry before buying monero.
PS: based on this idea you can spot the next correction of bitcoin.
Is Monero on its way to the moon or will it fall??The biggest question of all? Are we heading higher here or has the correction finally completed??
It is about to retrace here, if in impulse I expect a drop to around 111 before heading upwards for its 5th wave. either way the next few days will likely be sideways. but 111 is a good target to reach for for a short
RSI indicates overbought, either way its coming down, though for a quick correction or are we going to find a lower low?
Making charts to buy wine and pay for surfboard repairs. #nofinancialadvice
There is a possibility for the beginning of an uptrend in XMRUSDTechnical analysis:
. MONERO/DOLLAR is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (84.00 to 73.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (84.00)
Ending of entry zone (73.00)
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:
Take Profits:
TP1= @ 105.00
TP2= @ 130.00
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
There is a possibility for the beginning of an uptrend in XMRUSDTechnical analysis:
. MONERO/DOLLAR is in a downtrend and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 39.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (84.00 to 73.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (84.00)
Ending of entry zone (73.00)
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:
Take Profits:
TP1= @ 105.00
TP2= @ 130.00
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
Break-out confirmed. Attempt for a Lower High and then short.Monero is about to break the Rectangle's 109.147 Resistance, having already crossed the resisting line (straight blue) of the 1D Falling Wedge (now on bullish Highs/Lows = 6.3066, B/BP = 16.4176). Crossing the Rectangle is translated into an attempt to price a Lower High on the 1W level, which remains a strong bearish Falling Wedge (MACD = -27.038, Highs/Lows = -6.4217, B/BP = -51.2617). The Lower High should be between the 0.5 and 0.618 Fibonacci Retracement zone (113.099 - 122.130) from the previous 1W High = 150.042. We expect the blue curves to contain any further upside attempts on XMRUSD.
Consolidation steady with strong support. Await for break out.XMRUSD is consolidating on 4H within a 75.550 - 109.192 Rectangle (Ultimate Oscillator = 49.694). So far the Resisting Lower High trend line (illustrated in blue) contains any upside attempts. We need to wait for a clear break out on this line to go long (TP = 115.494 and 120.927 (0.618 Fibonacci)), or a break of the Rectangle's support to go short (TP = 64.104). Scalping the Rectangle is the option on Monero for day traders.
XMRUSD - DAILY CRYPTO - 19. AUGUST 2018WELCOME TO DACAPITAL TRADING!!
XMRUSD just started moving as expected, quick Timeframe breakdown for free and everybody.
1 HOUR
Strong bullish reaction after taking out 76.000
4 HOUR
Bullish wave started and forming new H4 Highs expecting more pressure
LEVELS
BUY XMRUSD @ 98.090
SL @ 91.580 (6.7%)
Trendtrading without TP Level!!!
We´ll move our SL Level every Day and ride the Wave be patient*
Enjoy our limited Free Content and Setups,
leave us a like and Comment!!
DACAPITAL TRADING
Targets hit. Expecting a retrace. Long.Both TP = 115.494 and 102.00 in extension have been hit for Monero, as the 1D Rectangle broke on the downside (RSI = 33.951, MACD = -9.930, Highs/Lows = -10.6465, B/BP = -23.8378). As explained the price was always geared to follow the long term dictating bearish trend of the 1W Falling Wedge and the most optimal strategy always is to short every Lower High (Highs/Lows = -31.2469). We now expect a nearly 50% (118.30) Fibonacci retracement so will go long to the previous support and TP = 115.494.
$XMRPeople who are holding aren't looking at their BTC value
- chart is all based off BTC movement, could easily dump much lower
- Alts will fall with bitcoin
Rejected on the 1st 1D Resistance. Short.Monero has met again the 151.54 Resistance on the 1D Rectangle (RSI = 47.266, STOCH = 47.810, ADX = 27.041) and is once more rejected with Highs/Lows = -2.0725 and B/BP = -3.6664 indicating an imminent 101.044 support test. We are short on XMRUSD with TP = 115.494 and 102.00 in extension.
A trading opportunity to buy in XMRUSDTechnical analysis:
. MONERO/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (130.00 to 106.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (130.00)
Ending of entry zone (106.00)
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:
Take Profits:
TP1= @ 149.00
TP2= @ 169.00
TP3= @ 192.00
TP4= @ 228.00
TP5= @ 258.00
TP6= @ 298.00
TP7= @ 331.00
TP8= @ 378.00
TP9= @ 469.00
TP10= Free
A trading opportunity to buy in XMRUSDTechnical analysis:
. MONERO/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is still a possibility of temporary retracement to suggested support zone (130.00 to 106.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (130.00)
Ending of entry zone (106.00)
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:
Take Profits:
TP1= @ 149.00
TP2= @ 169.00
TP3= @ 192.00
TP4= @ 228.00
TP5= @ 258.00
TP6= @ 298.00
TP7= @ 331.00
TP8= @ 378.00
TP9= @ 469.00
TP10= Free
There is a trading opportunity to buy in XMRUSD Technical analysis:
. MONERO/DOLLAR is in a range bound but the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. We have already opened 10 BUY trade(s) @ 126.17 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.06.29 in our suggested support zone (130.00 to 106.00).
Beginning of entry zone (130.00)
Ending of entry zone (106.00)
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:
Take Profits:
TP1= @ 149.00
TP2= @ 169.00
TP3= @ 192.00
TP4= @ 228.00
TP5= @ 258.00
TP6= @ 298.00
TP7= @ 331.00
TP8= @ 378.00
TP9= @ 469.00
TP10= Free
There is a trading opportunity to buy in XMRUSD Technical analysis:
. MONERO/DOLLAR is in a range bound but the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
. The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased.
Trading suggestion:
. We have already opened 10 BUY trade(s) @ 126.17 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.06.29 in our suggested support zone (130.00 to 106.00).
Beginning of entry zone (130.00)
Ending of entry zone (106.00)
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:
Take Profits:
TP1= @ 149.00
TP2= @ 169.00
TP3= @ 192.00
TP4= @ 228.00
TP5= @ 258.00
TP6= @ 298.00
TP7= @ 331.00
TP8= @ 378.00
TP9= @ 469.00
TP10= Free
XMR: Breakout Alert vs. USD and BTC!XMR, the top anonymity coin has sustained a breakout from its downward channel with USD and BTC.
We target a 50% fibonacci retracement from its end of April high. Use small leverage and capital. BTC is hovering along the edge zone of a downward channel, and a small movement in BTC could impact the price of XMR substantially.
Buy: 120-125
Target 1: 135 (11.25%/8%)
Target 2: 156 (30%/24.8%)
Target 3: 178 (48%/42.4%)
Target 4: 205 (70.8%/64%)
Stoploss: 105 (-12.5%/-16%)