Awaiting entry for Monero's next spikeMonero looks set to hit $279 in the next week or two (max). This target is based on a Fib retracement drawn using the H1 (High 1) to L1 (Low 1) range.
The spikes preceding S4 (S1-S3) have all indicated a higher high soon to come, each retracing back to a support level established on the way up to each new high. I predict S4 to fall back and consolidate at approx $225 where my entry will sit.
Trendline T1 indicates the dips from each consolidation after the new highs set by S2 and S3. I'm placing a stop just outside this zone. This lies at approximately $192. This gives us a risk reward ratio of 1.61, which although it doesn't sound amazing, I'm more confident than this RRR implies.
Entry $225
Stop $192
Target $279
RRR = 1.61
Monerousd
XMRUSDT Buying Opportunity Chart says the trade
You can buy at Buying Area or wait for confirmation to buy
it's your call.
Good luck ;)
Monero Looking to BreakMonero looking like a very nice long position right now, puling out of consolidation phase and presenting some new signs of additional volume out of the channel. Watch these Fib levels closely, but looks to me like this would be a very nice time to go long.
Entry at the long position position, but be aware of possible bear traps as always.
Happy trading!
XMRUSD $210 After Correction? Elliot Wave AnalysisExplanation on the Fibonacci levels on the graph:
-Wave 2 retraced 38.2% of wave 1, meaning it is likely the fourth wave will retrace at least 38.2% of wave 3. I suspect it will be 50%, but if it does go to 61.8%, then lots of profit will be made.
-Wave 3 hit a perfect 1:1 Fibonacci extension of wave 1 to 2. This ideal extension is what gives me the price target of a 1.618 extension of wave 1 to 2 which provides a price target of $210.
Please do leave any feedback/questions in the comments below. I have been unable to reply to comments on my ideas because of recent moderator action so if I can't reply because of this feel free to PM me.
BTC tip jar: 1GE36bSw7uq8CbaPoYybtEArE58qHF1uRe
monero cup and handlelooks like a textbook cup and handle primed to go. monero is historically the least correlated coin to btc.
XMR gave a breakout signal. Price will go up.Tom Demark count gave a green 2 on the daily chart. This is a clear buy signal.
I expect up to 7 days of bull run.
Here is my trading idea:
Long at: 121
Take profit at: 148
Stop loss: 110
Monero (XMR) looking to break resistance If it breaks resistance which has been strong, we can go long. I personally believe it will break after bitcoin has relaxed a bit. First targets to take profits are around the box area. Also double bottom is not the prettiest but the neckline just lines up with resistance line. Trade once breakout is confirmed.
XMR Monero - MindMap layout from a positive perspectivea first view after the aborted s2x bitcoin hard fork
XMR prediction for the coming weeks. CNo.003.
Profit taking 1 = $135
Profit taking 2 = $155
Profit taking 3 = $210
$XMR 5th WaveSimilar to LSK we have XMR heading into its final wave of its Elliott sequence. Target will be around $250
Monero looking positiveNew trading opportunity for Monero. The price is at a possible reversal zone formed by the uptrend line, 85.00 support level and Kijun line of Ichimoku indicator. Profit target is 100.00 level.
MONERO SUPPORT XMRUSD current $86.767 25Oct17A few of you have requested for an update on MONERO, so the chart shows the Fibonacci support that I have identified in my analysis.
Hope that helps.
Sean Vengan
10+ Years Professional Trader and Trading Educator
REALITIES IN TRADING:
In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading.
We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal, over a series of trades, to be NET POSITIVE.
Ignore newbies who are uneducated in trading & investing and say "You were so wrong" (we as traders know, a loss is insignificant over a number of trades).
Each trade posted is YOUR FREE CHOICE, YOUR RISK MANAGEMENT and YOUR RESPONSIBILITY.
Always factor in "WHAT IF I LOSE MONEY ????"
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
XMRUSD 1d: End of Consolidation in Nov? 70 > 100 > 145 > 200 USDWe've already seen Fibo 0.23. The question is whether the consolidation at Fibo 0.38 has been completed. According to the trend lines, Fibo 0.23 could be tested again before it goes up. New trend channels and a new basic trend line (black) can be seen in principle. If we fall under Fibo 0.23 (70 USD), the whole situation must be re-evaluated. Therefore currently I would wait and see what the trend really is. Posts from the development will follow as usual.
Let's see what happens. Happy trading. :-)
See also:
Chart Aug 21
Monero- XMR USD - Bottom of channel - Descending channel Following on from an earlier Idea -
Monero broke it's horizontal channel to the downside, but has so far found some support at the 78.6% fib retracement level ($80-82) from the August high. Buying still seems quite weak so I expect it to keep testing this support. If it breaks this with strength we could see price fall quickly to around $60-65.
Normally I would be setting up to enter a short if it breaks below the fib support level, but due to the current market I wouldn't be surprised to see money rushing back from BTC to other crypto anytime after tomorrows fork. If only for a short time before the next one... So I will be sitting this one out and watching how it all reacts.
Monero - XMR USD - Flag and channel setupMonero is currently in a large flag pattern on the daily chart as well as a tighter one on the 4hr. It is also in a relatively flat parallel channel. I will be looking to enter a long trade on a strong break of the channel or a close to the upside, and similarly looking at a short with similar requirements to the downside.
I will assess appropriate levels for stops as the chart progresses and support/resistance levels become more clear.
I would say these options will take a while to play out and there are other shorter term trade options, but personally, besides range trading inside the channel, I would like to see it make a much stronger move than it has done lately before I enter into a more serious position.
Monero long - after octobre 25Monero is in a trend channel which is slighlty negative. Support is near at Fibb 23,6% (which is not a strong fibb retracement!). So it could fall a llitle bit under his line and climb afterwards (see trend channel).
But we´re talking of a big chance for rising pirces in short time from about 83$ to 103$ = 24%. And if the hype about btc and its hardforks will have an end, the demand coming back to the altcoins (including monero) then there is also the chance for even higher prices (fibb 61,8% at 119$ = 43% gain). Try to do this in btc from its current level.
Monero Add1 to Existing Posn current $94.32 15Oct17We are already triggered on Long trade in Monero.
Here we are adding to our existing long position - all parameters stay the same.
Sean Vengan
10+ Years Professional Trader and Trading Educator
REALITIES IN TRADING:
In trading, there are Winners and Losers. Accept it. If you can't you shouldn't be trading.
We protect our capital with stop losses. Our winning trades eat up our losing trades, with the goal, over a series of trades, to be NET POSITIVE.
Ignore newbies who are uneducated in trading & investing and say "You were so wrong" (we as traders know, a loss is insignificant over a number of trades).
Each trade posted is YOUR FREE CHOICE, YOUR RISK MANAGEMENT and YOUR RESPONSIBILITY.
Always factor in "WHAT IF I LOSE MONEY ????"
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
MONEROXMRUSD break uout the triangle and resistance line of wedge. Working with fibonacci levels.
Target 1 - 93$
Target 2 - 106$
Target 3 - 116$
XMRUSDMONERO
close small rise / in long-term - down
My opinion in connection with the features of the coin
Monero Long (XMRUSD) current 90.89 7Oct17We have a Long setup on Monero.
Irregular Flag pattern which is set to break out.
We have defined our stop loss and entry is either now (my preference) or on confirmation of a breakout.
Momentum is confirming an upwards move nicely.
We are always on the scout for LOW RISK, HIGH REWARD trades.
Succesful trades eat up losses and help our equity grow. That's how you become the 3-5% of successful traders leaving the other 97% traders either to lose money or at most break-even.
R:R approx 2.4:1
Sean Vengan
Professional Trader and Trading Educator
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis and looking to just be mischievous, it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial advice and if you take a trade it is YOUR FULL RESPONSIBILITY, not mine.
3. I am not your Professional Trading Mentor or here to provide you with a Free Professional Trading Advisory Service.
4. I am not obliged to provide analysis, commentary or answer any of your questions. I am here to trade for my sole benefit, not for your benefit.
5. I am a paid member, not a free member, so I am on Trading Views to use their paid services. My presence on TV is not to provide you with analysis.
6. I am happy to help you in your trading if I choose to and I feel you are being courtesy. It is my free choice to answer you, I am not obliged to.
7. If I provide and give up MY VALUABLE TIME providing analysis to you please respect that I am providing it FREE of charge. Appreciate it and don't take it for granted.
8. If you comment to me, simply be courteous and we can show each other mutual respect. If you are rude or disrespectful I will ignore you or send you a curt reply.
9. If you are abusive I will report you and will leave it to the moderators to decide if you should be banned.
10. If you don't like my views eg If I think Bitcoin is going up and you think it is going down, then please do not abuse me just for having opposing view to you. Show us all your analysis, don't hide behind rude comments and alias name. Lack of analysis shows lack of knowledge and experience.
11. I have no issue with you expressing your opinion or disagreeing with my views but please DON'T DISRESPECT me or other traders or write personal comments, this is offensive.
12. I have over 10years+ solid Trading Experience. I do not need to justify myself to you my knowledge and experience, my analysis and commentary demonstrate my skills and expertise.
