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Monero, Show Us Privacy Still Matters! (XMR)Stage 1 breakout being tested right now with everything shooting green on monero. Roughly 410 days since back to the stage 3 high of major structural Resistance. Once we break here we will look to then hold to break the highs of stage 2 and stage 3 for a serious bullrun. Keep an eye on the order book and watch the tape to see how much is being bought up on a breakout. If this holds strong than we could see another correction and correlate with all indicators. Anything can happen, stay sharp.
KRAKEN:XMRUSD
by UnknownUnicorn2319099
2
Monero - On the Daily Requested by: tim_1180 Here I have made a channel between the two blue line that show major support. and resistance. Currently we are hitting that resistance at 71.00 usd area. Depending on what Bitcoin does this week will determine the usd vale in this asset. I can not give financial advice, but I can show you the way. I lack the fundamental knowledge of this asset, that is where you come in with your own research. That that information as a variable and add it to this equation of possibilities.
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by MrMoneyMatrix
Monero - Long term Outlook Reguested by: tim_1180 I have not done any research into Monero, so I lack necessary background knowledge need to calculate a fundamental outlook of this crypto asset. I do remember the astronomical bull-run it had back in the last cycle, and it is one of the popular privacy coins. This reminds me of a hard learned lesson during this pandemic, and that is to learn to block out the noise, and stay focused on the technical of ANY asset. Good luck out there traders. Ju$t Follow The Money
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by MrMoneyMatrix
Major Monero Discounts Could Happen! (XMR)Everything on monero continues to shoot green from the Crossover strategy and the ema dots. We still sit below a very key level of resistance in an expanding downward channel with lower lows and lower highs being formed. Until an actual breakout you still have no bulls confirmed! I am a big fan on monero and I personally would love to see it reject off resistance and dump for one more major selloff for unbelievable discounts. If this happens I will add a large position at the next low or on the Resistance breakout if we decide to push upward. Best of luck to you all. 🥇MLT | MAJOR LEAGUE TRADER | FULLTIME TRADERS
POLONIEX:XMRUSD
by UnknownUnicorn2319099
5
Privacy Is Shifting. (XMR)I love monero ❤🥇❤🥇❤ True Cryptocurrency that plays a critical role in what it stands for. 💰 Let's check up on the price action of this one. Wave 1: The selloff, the distribution of coins. Wave 2: The accumulation of support. Wave 3: The Resistance for controlled accumulation. We are squeezing sideways as the pennant pattern is forming. *As this pattern squeezes we will see a decision in which way the market wants to run on a breakout. (Similar to how price broke down on btc back in November of 2018) I'm not saying it will result in same results, I'm showing you how compression decide critical moves for trend changes) These are key areas where you want to play for a major move. The full compression of range could be controlled for another 6+ months, our first major sign is aw we see the weekly shoot to hit wave 3. But one major observation I'd like to notice is what i titled on chart as "Final Shakeout" That selloff could of been the final selloff in a stop hunt. It was a major quick crash that scared buyers to force them out of their positions. That can be called the final capitulation. You are noticing as prices get low on altcoins they try to flash the market to force the buyers out of their positions. I believe we could be in very early stage of the major multi year alt cycle. But I also take into fact that the compression could last another 6+ months if wave 3 can hold. What we like to look for on longterm entry is a doji compression off S&R Levels for trend change, So technically this is a late call to buy now. If you wanted to buy now you would hunt for an edge play in the market to push up to the next level of price in a lower timeframe. Hope you enjoyed, have a blessed day! MLT | PRO TRADERS 🥇
BITFINEX:XMRUSD
by UnknownUnicorn2319099
Monero (XMR) the next destination can be $380The formation of Wedge: On the long term weekly chart the Monero has started the formation of a wedge pattern. Since then it has been nicely hitting the support and resistance levels of this wedge pattern. At this time it can be easily observed that after the drop of March 2020 even though the price action has hit the spike beyond the support but finally it is retraced back and re-gained the value upto 161%. But there are some certain bearish signals appeared therefore I am not expecting very soon break out from this pattern. If we take a closer look at the Bollinger bands indicator then it can be easily noticed that the upper bands of the bollinger bands is below the resistance of this wedge. If the price action will be reached at this level then the Bollinger bands won’t let the priceline of XMR to break out. And it will play a role of a strong hurdle, moreover after placing the volume profile on the complete price action moving within this wedge pattern if can be also found that the trader’s interest is up to $89. That is at the resistance level and above that level we have very weak interest of the traders. Therefore in order to break out we need to have the trader’s interest developed above the resistance of this wedge pattern. Here we have one more indicator that is very much important that is the point of control of the volume profile. This POC is at $48 therefore this point of control can pull back the priceline towards itself at any time but once the traders interest will be developed above the resistance of this wedge pattern then the point of control of this volume profile will be also moved up. And if that will happen then XMR will have more strong chances to have a powerful breakout. The combination of these indicators is showing weak bearish signals: If we place the stochastic and the moving average convergence divergence (MACD) and the momentum indicators then we can notice that this time the movement of the price action of XMR is different from the previous moves that the Monero has been making withing this wedge pattern. For example if we see in the month of December then it can be easily observed that 1st MACD turned weak bearish from strong bearish then we received the bull cross from stochastic indicator and then momentum also turned weak bearish and the price action turned strong bullish and reached at the resistance of the pattern. After that we can see that in the month of Jun 2019 the stochastic gave bear cross and the MACD turned weak bullish and the momentum also turned weak bullish then priceline of XMR moved down again and reached the support of this pattern. Then in the month of December 2019 we can again observe that that MACD turned weak bearish and the momentum was already weak bearish and in the month of January finally we received a clear bull cross by the stochastic indicator then again the priceline started strong bullish rally and reached up to the resistance of this wedge. Then again in the month of Feb 2020 the stochastic gave the bear cross and the MACD also turned weak bullish and at the end of March 2020 the momentum also turned weak bullish then priceline drpped down and reached at the support. So these moves are showing that the movement of the XMR within this wedge is very much synchronized with the signals of these 3 indicators. But time if we take a closer look at the movement and these indicators then we can notice that 1st the MACD turned weak bearish and the stochastic also gave the bull cross but so far the momentum indicator is ignoring these bullish signals of stochastic and MACD. And it is still giving the strong bearish signals. Therefore we cannot expect that the priceline will be reached at the resistance of this pattern to make an attempt for the breakout unless the momentum indicator will also be turned bullish. The support and resistance level: If we switch daily chart then it can be easily seen that after 17th March when the price acton turned bullish first it broke out the resistance level at $44 and then re-tested this resistance as support and after successful re-test the price action took another powerful bullish divergence. Then it faced some resistance at $58.42 but finally the priceline broke out this resistance. Now currenty the Monero is re-testing the previous resistance as a support at $58.42. After successful re-test of this resistance as support we will be confirmed that the priceline of XLM has finally broke out this resistance. Because this level has been working as a strong support and resistance level for the priceline of XMR since December 2018. Moving averages: If we watch the movement of the simple moving averages on the daily chart then after the strong bearish trend in the month of March the price action started the bullish rally. Then it has broken out all the simple moving averages with the time period of 50, 25,200 and 100. And after breaking out every moving average it has been re-testing the previous resistance of moving average as support and after every successful re-test the priceline moved up to break out the next simple moving average. At this time we can see that the priceline has broken out the 200 and 100 simple moving averages on one go. And now the priceline is retesting the 100 and 200 simple moving averages at the same time. Today a very strong bearish candle stick is appeared. And the 100 simple moving average is likely to be broken down and if the priceline will be closed below the 100 simple moving average then there will be more chances that it will break down the 200 SMA as well. If the 200 SMA will be broken down then the priceline can very easily breakdown the 25 and 50 simple moving averages. Therefore in order to continue the rally the 200 simple moving average shouldn’t be broken down. A very big bullish BAT pattern: Now I woud like to recall a very big bullish BAT pattern that is formed on the monthly chart. And we can see that since October 2018 the priceline has entered in the potential reversal zone of this pattern. We can also observe a very small spinning candlestick that was appeared in the month of March 2019 that was completely opened and closed below this potential reversal zone level. But in very next candlestick it was retraced back in this PRZ level. Recently again in the month of March 2020 have witnessed a very long bearish spike beyond the potential reversal zone. But in the very next candlestick the priceline has been retraced back in this PRZ level. The XMR’s final resistance level is $380 that is also in the Fibonacci projection area or the selll zone of this BAT patter. This is the Fibonacci projection of A to D leg. Therefore the price action once the price action will be entered in the potential sell zone then it can also make an attempt to break out the $380 resistance. So this bit bullish BAT pattern can produce upto 560% big gains. The Crab pattern saved the BAT pattern to be invalidated: In the meanwhile I would like to recall another harmonic bullish Crab pattern that was formed in the month of March 2020 by the price action of XMR. I have published this harmonic move in my post of 17th of March. And as per Fibonacci sequence of bullish Crab the priceline started a powerful bullish rally and produced more than 133% gains. This Crab pattern was the main reason that pushed back the priceline in the potential reversal zone of the big bullish BAT pattern that has been formed on the monthly chart. Conclusion: If the supports on the daily chart will be broken down then the Monero can start bearish rally on short term and mid-term. But on the long term the XMR can turn strong bullish at any time for up to 560% big gains and can hit the $380 long term resistance. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
BITFINEX:XMRUSDLong
by moon333
XMR - More upside coming?One of the few crypto projects I like and I think doesn't look bad on HTF. XMRUSD pair laying on the support trying to move higher - XMRBTC pair formed some sort of rounded bottom on monthly (I'd prefer to long this pair if to choose out of 2). But before trade this, I'd like to see that it will be able to reclaim resistance (red area) first. Hit the "LIKE" button and follow to support, thank you. Information is just for educational purposes, never financial advice. Always do your own research.
XLong
by Bitduke
1
XMRUSD forming bullish Shark | A good long opportunity aheadIn my previous post of Monero with Bitcoin pair we have seen that on 3 hour based chart the XMR with Bitcoin pair was forming bullish BAT then finally as per prediction the priceline entered in buying zone and and hit the sell targets. Formation of new Shark pattern: Now again on short term hourly chart the price action of Monero is forming bullish harmonic Shark pattern like some other top 10 alts and soon it will be entered in potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic Shark pattern should be: Buy between: $52.91 to $52.45 Sell between: $53.37 to $54.36 Stop Loss: The potential reversal zone area which is up to $52.45 can be used as stop loss in case of complete candle sticks closes below this level. Possible profit and loss ratio: As per above targets this trade has the profit possibility of 3.64% and as per above mentioned stop loss, the loss possibility is 0.88%. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITFINEX:XMRUSDLong
by moon333
XMR has completed bullish setup for 584% big moveHi friends hope you are well, Since Jan 2020 the Bollinger bands on month chart is getting squeezed and priceline was moving sideways indicating that the price action might have found a support here. After recent bearish move the priceline has 1st time hit the lowerbands of Bollinger bands and turning bullish now we can expect after this bounce the price action may attempt to hit the upper bands of Bollinger bands soon. Formation Of Parallel Channel: On week chart after hitting the $38.50 price the price action has found the support at $44 and since Dec 2018 the price action is consolidating here and moving sideways. In the meanwhile the candle sticks are moving up and down and formed a parallel channel and the resistance of this channel is at $121. channel is very firm as the resistance or support are not broken since Dec 2018. This time after recent bearish trend the price line has again hit the support of this channel and likely to move up. Oscillators and indicators: On week chart the moving average convergence divergence is turning bullish and RSI has also turned bullish. The stochastic is also likely to give bull cross very soon. The bullish Crab move: The recent bearish trend has helped many tokens and cryptocurrencies to complete their final bearish legs to form bullish patterns and Monero was also one of them. On 2 day chart the XMR formed a bullish crab pattern at the support of the parallel that the Monero has formed on the weekly chart. And as per Fibonacci sequence the priceline was suppose to take the bullish divergence and move up from the potential reversal zone of this bullish Crab. I also published this Crab move in my article on 17th of March 2020 and now at this time the priceline has moved up as per prediction and entered in the Fibonacci projection of A to D leg of this bullish Crab pattern. A very big bullish BAT pattern move: Now at this time I am again looking at the very big bullish BAT pattern that has been formed by the priceline of XMR on monthly chart. And we can examine that the price action is moving at the support of the potential reversal zone of this very big bullish BAT pattern. Once the priceline will be able to break out from the resistance of the parallel channel that has been formed on weekly chart then soon it will also hit the Fibonacci projection of A to D leg of bullish BAT On monthly chart as well and in this case Movero can produce more than 584% massive bullish rally.
BITFINEX:XMRUSDLong
by moon333