MONERO: Bullish Divergence & Swing Position Entry? Monero has been moving sideways in a 30% equilibrium pattern since December 2018.
This price movement is abnormal compared with other ALT Coin price actions since the beginning of the 2018 Bear Market.
We are beginning to see Bullish Divergence on the RSI. The RSI is currently in the 40 range and beginning to move upwards.
There could be a Bullish trade on the table.
Of course, all Alts move in accordance with BTC. BTC health status should ALWAYS be your primary indicator before entering positions.
Monerousd
Short Break for Investors as Monero Price FreezesMonero looks somewhat better than LTC and NEO, but only due to the fact that the price is not contained by the nearest descending parallel channel. The buyers deserve no credit for this, however - XMR just fell out of it, without volumes or enthusiasm.
The level of $160 seems to be a good aid for investors: the price has rebounded from it 3 times already, although the next storm in the Bitcoin Sea will have no trouble punching a few holes in this support. Now, as before, the bottom is at $150 - it’s enough to look at the chart and observe the powerful mirror level to confirm the truth of this. In case of descending to these depths, we expect a worthy response from the buyers, and encourage our readers to consider purchasing this asset.
Check daily analysis HERE .
Monero DailyMonero (XMR/USD) rallied on Tuesday and broke the descending trendline.
If the rally continues we can expect price to reach the resistance level around $260.
If price starts to fall again, we may see a retest of the trendline as well as the support level around $150 before a new rally.
At the moment price is between key support and resistance levels and it's best to wait and see what it does in the next few days.
Good Luck,
CryptoTrendline
XMRUSD (Monero) 4hr tf analysisThe downtrend in price of Monero (XMRUSD) from ~$373.69 on March 5,2018 to ~$186.32 on March 18, 2018 is identified in this analysis as a minor wave A position. Monero is therefore currently in a minor wave B position that has not terminated yet.
The target area ($242.89 and $254.38) marked on the chart indicates the potential region of termination of Minor wave B. Minor wave C is expected to move downwards from the target area to complete a 3 wave (zigzag) Elliott wave structure. The implies lower prices for Monero (XMRUSD). The least projection for the termination point of minor wave C is ~ $163.97, with $52.87 also a possibility for minor wave C to terminate
Point of invalidation (POI) of this analysis (not shown in this chart) is Monero closing below ~$149.93 instead of going back to the target area indicated on the chart.
XMR Monero Long$XMR $Monero is showing signals of recovery. MACD is crossing signal, Stochastich showing Shorts are getting exhausted and RSI is increasing. $XMR is retesting .718 Fib, if is broken it can go higher without any doubt. Placing my longs here.
Disclaimer: This is not a financial advice.
Monero(XMR) - Bright future ahead (+677% PROFITS)Everything is in the chart.
Buy 155-250$
Stoploss 148$
XMR Monero LongAccording to the impulsive wave from dip. It started from an strong support at 179 usd level, this will extend the wave to complete the 5 impulsive waves accordingly, retracing to 0.618 Fib levels and using it as floor to keep impulsing the uptrend.
Disclaimer: This is not a financial advice.
XMR$XMR Monero is one of the cryptocurrencies that is showing strong position vs $BTC parity. However is being affected by the trend. The correlation between both is negative. I am in long position whenever reaches the level of 172 to 190 usd.
XMR: Yummy!Fibonaccis, RSI, resistance and support trend lines seem to all add up to another climb, possibly to $320 area.
Happy trading.
Monero is Being Tested in Ledger Wallet – It Could Soon Be FullyMonero, one of the most known cryptocurrencies in the market may soon be integrated with Ledger Wallet. The integration would be a very important step for the developer team and Monero’s community.
XMRUSD , Monero is in a hurry to get up..!!Technical analysis:
.MONERO/DOLLAR is in an up trend and resumption of up trend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
.The RSI is at 58.
Trading suggestion:
There is possibility of temporary retracement to suggested support zone (258 to 224) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
.Beginning of entry zone (258)
.Ending of entry zone (224)
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= @ 300
TP2= @ 330
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XMR touching 78.6 % retracement markHello, we see XMR (Monero) going down and touching the 78.6 % retracement of the recent swing.
The 50 EMA has formed a bearish cross to the downside and we see XMR way under 200,100 and 50 EMA
In the next days XMR will touch the support line at 150 USD i am pretty sure about.
We could also move more down from this level, we have to see how this plays out.
This would be a good buy. Monero is a stable cryptocurrency.
Good luck with your trades
XMRUSD. Is any bullish sign here?Looks like XMR is not ready for bull rally yet. Let's give it some time and we'll see what happens.
Where to buy XMRZones in which I will be trying to accumulate Monero.
I will buy in every zone except the $200 one. Every time +25% more than in the previous zone.
This will be a long term investment with target of $500 per coin.
twitter.com
XMRUSD: MONERO Price AnalysisAs many other cryptocurrencies, Monero price was bearish last few days. However, the momentum stopped last few hours and the price formed a big bullish bar. It means, sellers locked their profits and become buyers.
If the Monero price continues dropping, then next structure low is at 262.2 which act as support level. This is where big buying orders are most likely are placed, which will raise the price up.
- Follow & Comment -
The King of Privacy is the King of Gains [XMR/BTC]Monero.
Naughty ascending triangle really strong formation occurring, obeying top of triangle V nicely. Supports and resistances everywhere as great safety nets.
Facts
Wave trend
~Looking to turn.
RSI
~Looking to bounce off resistance and hit support.
ADX + DI
~Looking to trend up generally and confirm a trend on the DI+.
BTC
~Bullish movement could increase the Monero growth over time.
Potential 30% increase on a break out from the end of the triangle.
Upcoming fork could be good media for the coin.
Conclusion~
I will be personally picking up some XMR given the conditions in the green accumulation zone I have set just for a longer pull. More upwards then downwards on this play which is a good habit of learning to trade into.
I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose.
If you liked this short post, be sure to follow and like . It really helps out :D
~Xander
XMR AB=CD Traders,
Here we have XMR/USD 4H chart.
By looking at this chart we have a complete AB=CD pattern that will short this chart for awhile before the determined hard fork.
C-D bull trend breaking down will be confirmed next few hours and we will dive for few days to recover the bull trend again before the airdrop snap
Regards,
Mohsen
Short Monero next 3 daysWithin the space of two months, Moero has managed to fall into 2 troughs and climb its way out. This is evident from the inverted head and shoulders in early February. and subsequent stability, thereafter. It seems as if Monero really does depend on seasonality of crop. The markets might shift down or up but it has its group of loyal supporters. I see Monero hitting a sell soon. Therefore, a short is recommended.
Monero for the next 3 MonthsMonero as an alt coin its price in terms of USD is highly correlated with BTC/USD.
Generally I see Monero reaching the top at around 20-25 of December. With a bullish btc resistance at 500+ is the target and with a bearish btc the price can fluctuate.
No matter what, the XMR/BTC ratio will maximise at the around 20-25 of December.
Adam and Eve Forming for Monero (XMR)Watching this pattern here. A/E forming and looks as though its just about to the neckline (~$340). In addition to the pattern formation, XMR vs BTC just broke out of a triangular consolidation (waiting on a daily close above upper resistance to confirm). I looked at these charts before realizing there is also a XMR fork proposed for the near future which could also drive the price up some. Keep an eye out. For now, it looks like a decent start to a long.
*not investment advice, merely observations.
