Monero between S&RMonero (XMRUSD) made a recovery on Thursday after dropping for the past week.
Price is now in the middle between support and resistance areas.
If price rallies up to the $150 resistance, we can expect a reaction and a possible drop.
If price continues its decline, we can expect a reaction from the $100 support area.
Good Luck,
CryptoTrendline
Monerousd
XMRUSD - INV HVF - BEARXMRUSD - INV HVF - BEAR
- Set up orders this morning, back to check on it and target almost met
- Closed trade 80/90% at target, mainly due to second big dip on only small volume (15min time frame)
- Will watch to see if target is made
Looking for indicators/methods/strategies for better predicting breakouts, want to increase the quality of the setups i trade, if anybody has any suggestions please leave a comment =P
MONERO TO $1,464 - PRICE PREDICTIONS FOR 2018 - CryptoManiac101Monero is a great privacy coin with around 2X - 10X possibility this year
We are leaning more towards 8X - 10X however due to numerous privacy coins entering larger market, we might see slower price growth
In all this is a great investment for long term
Enjoy this trade 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.
MONERO PREDICTION $700 by July 4th With the price of XMR on the bottom of the channel and moving into an uptrend channel this week with a MACD bullish crossing I thought it would be a good time to give my sense for the coming months in XMR.
Our prediction is $700USD / XMR by July this year
1) Monero has placed itself in a class of its own becoming ASIC resistant. Investors currently seeking to diversify their holdings will place some holdings in this newly defined class to hedge against systemic failures in the world of ASIC coins such as the ANTBLEED BUG found earlier this year.
2) Trezor has announced that XMR will be included in the wallet in upcoming updates. Many investors have been intimidated by Monero and will get in once support is added to their favorite hardware wallet.
3) Tari will become the ETH killer built on Monero something that will draw enormous capital flow without tying up the network with bloat that is currently affecting ETH by employing use of sidechains. I expect to see huge jumps in XMR as the go to solution for ICOs, tickets, equity crowd funding and most of the unregulated securities we see today will trasfer over to these more secure private alternatives to protect themselves against unwarranted strict regulations in some areas of the world.
4) Bulletproofs will make the Monero block chain much more manageable in size by reducing blockchain bloat making scaling less of an issue
XMRUSD bottom formation and anticipation of ascension - LONGDouble and triple bottom
I have to wait for the ascension from here
Supports: Red lines
Trend Line: Blue straight line
I guess, It will create a another little hill
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
PS make sure you give me a like, If you like this analysis ....
MONERO/BTC (XMR) An Ugly Trend-less Market until?MONERO/BTC (XMR token/BITCOIN) 720 minute/12 hour semi log scale, candlestick wicks removed.
5/19/18, 9:20 PM EST, by Michael Mansfield.
Hi trader friends! Monero, a privacy token/digital currency, is looking trendless and quite ugly! But let's give this a shot anyway since we've had a request
for an opion.
90 DAY OUTLOOK: Sorry, more uglines. ;-)
Seriously, without a trend, the outlook is likely flat to a "bit" higher until three of the shown cycles peak then head down after either June 2-3, June 7, or June 13th. To make it simple, more weakness is likely after early June. Then, we are likely to see lower prices until either July 13-15th, July 23, or possibly August 12, 2018 as the longer cycles bottom and turn up on those dates. I would expect a trend to develop one way or the other in July or August (perhaps up) and continue into October or longer.
If we get an acceleration up or down after the cycle turning point dates above, then we may finally be out of this larger flat pattern
CYCLES: MIXED
There are four shown cycle sine waves shown and two vertical cycle lines separate from the sine wave cycles.
Until we get more data, it is unclear what the larger trend cycle up or down is. For now it is a trendless market.
TRADER TIPS:
Balance Point Line (BPL) is the horizontal dashed medium blue line. It basically splits the observed price history in half, but
without the candlestick wicks this time. Note how the price resists or finds support around the BPL.
VOLUME: WEAK
Volume keeps drying up contributing to the endless trend-less sideways move. Watch out after the June cycle tops...
BOTTOM LINE:
Look for breaks below the Balance Point line (more likely), or possibly above the 38% retracement line (orange, less likely) that is also highlighted in black horizontal line around where the prices are now and until a cycle breakout time-frames, then possibly up. I am not a fan of this coin at this time. Let's see what the market says over the next 90 days.
DISCLOSURE:
This analysis is meant for educational purposes only. You trade at your own risk!
Cheers!
Michael Mansfield CIO
Monero Machine Learning AI Crypto SignalThe rolling three-day signal for Monero (XMR) is "Don't Own". This is day one of the three-day signal. The signal will be updated again Friday. For further details or discussion, feel free to leave any questions or check out signature/profile.
A Good Trading Opportunity to Buy in Monero ...Technical analysis:
. MONERO/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (196 to 153). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (196)
. Ending of entry zone (153)
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= @ 230
TP2= @ 258
TP3= @ 298
TP4= @ 329
TP5= @ 378
TP6= @ 469
TP7= Free
A Good Trading Opportunity to Buy in Monero ...Technical analysis:
. MONERO/DOLLAR is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 38
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (196 to 153). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (196)
. Ending of entry zone (153)
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= @ 230
TP2= @ 258
TP3= @ 298
TP4= @ 329
TP5= @ 378
TP6= @ 469
TP7= Free
XMR/USD pair fluctuated below the local ascending trend lineThe currency pair fluctuated below the local ascending trend line and above the support area at $214. However, several hours ago we have seen a Shooting Star candlestick pattern, indicating the beginning of a decline. Monero went below the support area at $214 and moved towards the next support at $204, where it is fluctuating at the time of writing.
The Ichimoku cloud is very thin here, meaning there will be no signals from this indicator for a while. The possible scenarios for XMR/USD are:
Monero will bounce off the support area at $204 and start to grow towards $214 to test this area. There the price may jump over the line and develop an uptrend, or decline if testing results will be negative for bulls.
XMR/USD will test the descending mid term trend line (green) and the support area at $204 and then will develop its downside progress.
The currency pair will stay close to the current levels without significant changes.
Check more details HERE
XMRUSD ,TP2 hit with 27491 pip profit. The new Buy opportunity..MONERO / DOLLAR
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is possibility of temporary retracement to suggested support line (200), if so , traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "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 7 BUY trade(s) @ 207.52(day close price) based on a reversal candle ( Hammer ) at 03.18.2018 .
Total Profit: 27491
Closed trade(s): 7296 Profit
Open trade(s): 20195 Profit
Closed Profit:
TP1 @ 230 touched at 04.18.2018 with 2248 Profit.
TP2 @ 258 touched at 04.20.2018 with 5048 Profit.
2248 + 5048 = 7296
Open Profit:
Profit for one trade is 247.91(current price) - 207.52(open price) = 4039
5 trade(s) still open, therefore total profit for open trade(s) is 4039 x 5 = 20195
All SLs moved to Break-even point.
Take Profit:
TP1= @ 230
TP2= @ 258
TP3= @ 300
TP4= @ 330
TP5= @ 378
TP6= @ 469
TP7= Free
Technical analysis:
Monero/Dollar is in an up trend and Continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 61.
XMRUSD ,TP2 hit with 27491 pip profit. The new Buy opportunity..MONERO / DOLLAR
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is possibility of temporary retracement to suggested support line (200), if so , traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "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 7 BUY trade(s) @ 207.52(day close price) based on a reversal candle ( Hammer ) at 03.18.2018 .
Total Profit: 27491
Closed trade(s): 7296 Profit
Open trade(s): 20195 Profit
Closed Profit:
TP1 @ 230 touched at 04.18.2018 with 2248 Profit.
TP2 @ 258 touched at 04.20.2018 with 5048 Profit.
2248 + 5048 = 7296
Open Profit:
Profit for one trade is 247.91(current price) - 207.52(open price) = 4039
5 trade(s) still open, therefore total profit for open trade(s) is 4039 x 5 = 20195
All SLs moved to Break-even point.
Take Profit:
TP1= @ 230
TP2= @ 258
TP3= @ 300
TP4= @ 330
TP5= @ 378
TP6= @ 469
TP7= Free
Technical analysis:
Monero/Dollar is in an up trend and Continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
Relative strength index ( RSI ) is 61.
Monero , A great opportunity to buy in XMRUSD. catch it !!Technical analysis:
MONERO/DOLLAR is in a down trend and Beginning of up trend is expected.
The price is below the 21-Day WEMA which acts as a dynamic resistance.
The RSI is at 37.
Trading suggestion:
*The price is in a down trend, but we forecast the uptrend would begin.
*There is possibility of temporary retracement to suggested support zone (196 to 153), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (196)
Ending of entry zone (153)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , 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:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 230
TP2= @ 258
TP3= @ 300
TP4= @ 330
TP5= @ 378
TP6= @ 469
TP7= Free
Monero coming out of the valleyThe price of Monero ($) has fallen as all the main coins / tokens did. The last low was at 190$ - within a zone between the fib retracement 23.6% and a swing trend line.
This negative movement built a descending trend channel - and this channel has been broken to the top yesterday.
So now we´re in a new movement upwards. The new trend has been confirmed by the RSI - crossing the negative trend line.
As prediction I have drawn a 12345 motive wave - guided by an ascending trend channel. The turning points are on swing trend lines or fib retracements - also I took in mind the last turning points.
This positive move is still under the long falling trend line (red) and to generate more positive impulse the price of Monero should break this resistance. Perhaps it´ll do it with this move - depending on the momentum. The maxim aim in the first rallye could be the fib retracement 61.8% at 327$ - a far way from today.
Stop:
If Monero falls back into the negative trend channel and / or below 208$ - swing trend line.
Monero had lower liquidity during the Asian session Monero had lower liquidity during the Asian session demonstrating several price gaps. The currency pair moved above the local ascending trend line during the American session, but then fell below it and even managed to cross the support area at 214. However, bears were unable to change the situation significantly as XMR price jumped off the midterm descending trendline (paint in green on the screenshot).
Later the Asian session XMR/USD managed to jump over the support area at 214. There are no candlestick signals currently.
Possible scenarios for Monero are the following:
XMR/USD will move towards the next resistance area at 219 and test this level.
Monero will cross the current support area at 214 and fall below it targeting the midterm descending trend line (green). The next aim may also be at the next support area (204).
The currency pair will stay close to the current levels with no significant fluctuations.
The currency pair jumped off the lower border of the Ichimoku cloud on the daily chart meaning bulls may have chances to change the situation in the nearest future.
Check the full crypto analysis HERE
Monero is trading below the ascending trend lineMonero is trading below the ascending trend line, but above the descending mid term trend line, meaning the bulls have almost gained the momentum and have the opportunity to change the situation. XMR/USD is above the Ichimoku cloud and crossed two levels within several hours, indicating serious intent.
The main two scenarios for the next 8-10 hours are the following:
The price will break through the ascending trend line and go towards the next resistance area at $219. If this happens, buyers will finally restore their domination and bulls can expect an even greater rally.
XMR/USD bounces off the ascending trend line from below, crosses the support area at $214 (the price is testing it now) and declines towards the mid term descending trend line.
Check more details HERE
Monero followed the other allies on the weekendMonero followed the other allies on the weekend as the price went along the local ascending trend line. XMR/USD entered the Ichimoku cloud and reached its upper border. However, the Ichimoku cloud prevented Monero from fluctuating higher and the price declined towards the lower border of the formation first and then left it crossing the lower border.
Altcoins are trading close to the support area at 196 at the time of writing of this review. There are two scenarios here. In case of appearing any reversal candlestick signal, the price is able to jump off the support and start its way towards the resistance area at 204. However, bulls will have to cross the Ichimoku cloud in order to reach their local targets.
Otherwise, Monero will develop its downtrend. The first target, in this case, lies close to Friday’s lows.
Let’s take a look at the daily chart. The lower side of the Ichimoku cloud rejected the price. XMR/USD was trying to establish the uptrend during the weekend, but as we can see it now, bears are still in control in midterm and want to push the price even lower.
Check the full crypto analysis HERE
Monero fell below the descending trend lineMonero fell below the descending trend line confirming the downtrend. Monero price crossed the Ichimoku cloud during the American session and a couple of support line within the Asian session. XMR/USD is below the support line at 214.54 area. We think that Monero is going to test this level in the next couple of hours. The currency pair looks to start a correction at least.
There are two scenarios here. XMR price may return to 214.54 area, test it successfully and go higher. Bulls will have an opportunity to reach the next resistance level at 219.70 area. This may happen today. The next target for the buyers is the descending trend line in the case. However, to reach all those goals, bulls need a deep correction at least.
Bears scenario will be available in case of failure of the current resistance line test. XMR/USD is likely to fall further towards 204 area as there are no clear supports on the way (they may appear, however).
As for the daily chart, XMR/USD continues to fall towards the lower border of the Ichimoku cloud. The closest midterm support lies within the 204 area (coincides with the closest hourly short-term support line).
Monero price is far from the long-term descending trendline meaning bears have total control over the market.
Check the full crypto analysis HERE
Monero is still in limboMonero is still in limbo as bulls and bears are fighting for the descending trend line. XMR/USD went above the trend line during the American session and we have noted this in our latest brief review. However, bulls were unable to hold their positions as bears pushed the currency pair lower.
Monero price has recently tested the lower boundary of the Ichimoku cloud and formed a pin bar. The next candlestick crossed the descending trend line. Now, we are above this line and the Ichimoku cloud. Bulls have regained the initiative and are likely to develop their success in the nearest future.
Monero price is above the $229 resistance line area. The next resistance area is at $235. There is a secondary scenario here. Another possibility is for bears to take the initiative and drive XMR/USD lower. In this case, they have to cross the support line area at $229 and then to successfully test the descending trend line in order to push the price lower.
We are still in the middle of nowhere on the daily chart as XMR price is within the Ichimoku cloud and seems to avoid falling towards the lower boundary of the formation. XMR/USD is below the long-term descending trendline meaning bears are still in total control over the market.
Bulls are trying to regain initiative and there is a probability that XMR price will move towards the $252 resistance level area to test it.
Check the full crypto analysis HERE
XMR/USD reached a very important supportMonero still follows its morning scenario as the currency pair reached a very important support within 220 area. The support was established in April 2018 after the price skyrocketed from 200 to almost 230.
XMR/USD was inside the Ichimoku cloud today, but left the formation and accelerated its decline. The price broke out the previous support (228 area) and went downwards even further. There is a sort of a correction currently. The evident scenario is that Monero will try to return towards 228 area in order to test it. However, you need also to be prepared for further bears’ attacks. The price may fall below 200 in this case within several days.
Check the full crypto analysis HERE
Monero is still under the pressureMonero is still under the pressure as it fluctuates below the downside trend line. Midterm bears drive the currency pair even further downwards and their next target seems to be close to 175.00 area support line.
Monero shows no sign of a tendency reverse. Monero price has recently jumped off the downside trend line and is slightly going down.
Bulls are able to make a counter attack either now, when Monero price is still close to 250.00 area resistance line or close to the 175.00 support line area.
As for the Ichimoku indicator, Monero fluctuates within the cloud. Monero price rejected the upper side and is going downwards to test the lower line which is also not far from 175.00 level.
Monero price is close to the resistance on the hourly chart. Bears still have power as they do not allow bulls to make any further steps above 235.00. However, if we take a look at the whole picture, we can see a kind of reversed head and shoulders formation and if it is real, we are in the neckline area now. The next resistance area will be close to 242.00 level.
Monero enters the Ichimoku cloud but does it quietly, with no momentum. Short term traders should pay attention to what is going to happen in the nearest future. If Monero goes through the Ichimoku cloud, it may gain momentum and reach 242 area even today. As for the alternative scenario, Monero price is able to reverse towards the lower line of the Ichimoku cloud.
Check the full crypto analysis HERE
Monero, what are you doing?Hello everybody and welcome to my XMR analysis. If you are like me then you must be a big fan of Monero too, however, over the last 14 days XMR has been testing our patience after a failed attempt to break the USD 300 level. Today I'll share with you my thoughts and ideas that I have been working on and following for the last few weeks. If you like my analysis please give a 'thumbs-up' and/or follow me for more ideas in the future.
So lets dive into Monero. In the previous and fierce rally of a bit more than 2 weeks ago, XMR made a strong move towards USD 300 but failed to break this important resistance. Coming from USD 160, XMR almost doubled in value within 2 weeks. Unsurprisingly the bulls ran out of steam after 2 weeks and had to retrace.
To understand the whole situation we need to look back to the last few weeks and take a multi dimensional approach. In the daily chart below you can see that XMR is in an upward moving channel. Although XMR failed to breach USD 300k it has found strong support on the 200 day Exponantial-Moving-Average (EMA) with a wick finding support on the 50 EMA.
After the failed attempt to break the USD 300 level, XMR initially found support at the psychologically important level of USD 250 but later moved to mid 230 levels with a wick going all the way to USD 220. To understand what happened here we need to have a look to the XMR/BTC chart as well. In the 4-hour chart below we can see that in the previous Monero rally, XMR was very close to reaching a new All-Time-High (ATH). When XMR failed to breach USD 300 it retraced all the way back until the 200 EMA where it found a bit of support but which didn't sustain. After that it fell back to the 50 EMA where it found stronger support. As you can see, XMR has found strong support on the 50 EMA on this level for the last few months and is currently holding up pretty well again.
Although XMR is an altcoin with very distinct features compared to Bitcoin, it is currently very tied (as all altcoins) to the action going on with BTC. Last week we experienced a failed attempt from BTC to breach the important USD 10k level and this is holding the whole altcoin market in a grip. I believe that Bitcoin is currently preparing for another attempt to breach USD 10k and if it succeeds, XMR will likely profit from this as bulls will have the confidence to aim for the USD 300 mark again.
Going back to the XMR/USD chart again - on the 4 hour chart - we are also forming a descending wedge. Downside momentum is decreasing and a potential break-out increasing.
At the same time we are noticing that the Relative-Strength-Index (RSI) is turning bullish. The Commodity-Channel-Index (CCI) is at a healthy level and the Moving Average Convergence Divergence (MACD) is rolling over to become bullish again. These indicators are at a healthy level for a new rally since we do not want them to be over-bullish or over-bought now.
So did we found a bottom and where are we heading?
For now I think we either hit the bottom or are very close to it. XMRBTC and XMRUSD is currently finding strong support at the 200 and 50 EMA and sell volume is rather low. A new attempt to break USD 300 is in my opinion very likely so I expect XMR to at least touch USD 290 in the next 2 weeks.
At the same time we need to carefully watch any BTC action. If BTC fails to break USD 10k and starts to retrace to USD 8k levels (or lower?) I expect the whole altcoin market to take a significant pull back as well. XMR will then retrace as well where the first level of support would be USD 200 which has been a strong support level in the past.
This is not investment advice. Please do your own research before investing.