XMRUSDT Long Trade IdeaXMRUSDT Long Trade Setup after we saw a breakout from the Bullish Correction Pattern
Monerousdt
Don't Sleep on FIROFIRO has some novel ideas for the implementation of privacy into crypto currency, some of which rival the privacy features of Monero. I think FIRO could potentially outperform Monero over the course of the next 3 years. Let's keep our eye on this one and look back at it in a year or two, maybe three.
Monero sell the breakdown.XRMUSD - Intraday - We look to Buy a break of 237.1 (stop at 230.9)
Daily signals are bullish.
Short term bias is bullish.
A break of bespoke resistance at 237.0, and the move higher is already underway.
We can see no technical reason for a change of trend.
Our profit targets will be 254.2 and 258.2
Resistance: 237.0 / 245.0 / 250.0
Support: 229.0 / 225.0 / 220.0
Monero and ETH - The TrendlineA new trendline can be drawn due to the recent bull rise in price, this includes the start of the initial bullrun, the middle of the bear market, and to right now. A common theme between ETH and Monero
A triangle can be drawn from the start of the initial bullrun to the trendline, and also another triangle can be drawn from the start of this bullrun to the trendline
Following this triangle the climb above started a ravenous bullrun in the initial scenario, is this going to occur again?
I am just observing and maybe have my charts skewed by the log scale but it does seem like a long term trendline
any feedback / personal observations would be nice
Bix
XMRUSDT Might Be at the beginning of an Uptrend @monero
Welcome back Traders, Investors, and Community!
Hi Traders, XMRUSDT has broken above the major Resistance, however the market is ranging now and I guess we would have a retracement at around 199.27 before we start a new uptrend. The price also may go back all the way down to retest the Resistance before it goes up.
⬆️Buy now or Buy at 199.27
⭕️SL @ 182.99
✅TP1 @ 222.66
✅TP2 @ 244.05
✅TP3 @ 274.92
We will have more FREE forecasts in TradingView soon
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Have a Profitable Day
XMR/USDT (BINANCE)Monero went on a bearish stretch, after the appearance of a Harami Pattern (marked on red) the price has began entering a correction phase where right now is going for a breakout possibly to the upper side, the price breaking above the moving average shows signs of a possible reversal happening, staying above that pink EMA200 indicates that prices has found support and demand. MACD shows momemtum to the upper side as the price keeps climbing. Stochastic still below overbought levels. Strongly suggest watching those 5min candles and 15min candles to get the most accurate information to confirm the breakout.
Monero 300$Everything is in Graph. Privacy is future, they can delist what they want, Monero not gives a shit. XMR already replaced BTC in the Darknet.
Buy zones for XMR are simples :
- if price fall between 100$ to 150$, you are in the green buy zone.
- TP is 299$
More simple than that i cannot be.
Happy Tr4Ding
XMR formed Cypher pattern for upto 40.5% bullsih rally
Hi friends, hope you are well, and welcome to the new update on Monero.
On the weekly chart, the price action of the XMR has completed the final leg of bullish Cyhper and entered in the potential reversal zone. The price action is breaking down the 50 simple moving average but we have another good support of 100 SMA below the buying zone.
Possible profit and loss ratio:
This trade has a profit possibility of 40.5%, and the loss possibility is 10%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
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MONERO DAILY CHART- To look for an opportunity in this currency I would wait for the rectangular area. If the price reaches this area, we will look for signs of a possible turnaround, such as an engulfing candle or a double bottom pattern.
- This area is a good investment opportunity, as we can have a great bullish run if the price goes for its historical highs. If the price turns in this area, we can also cover very easily with a stop losse in break even.
XMRUSDT completed Gartley move | Upto 11% expectedHi friends hope you are well and welcome to the new update on the Monero coin.
On the 4-hour chart, the price action of XMR coin has completed the final leg of bullish Gartley and entered in potential reversal zone.
Buying and sell ranges:
The buying zone starts from 0.618 to 0.786 Fibonacci levels, and the sell zone can be the Fibonacci projection between 0.382 to 0.786 .
Stop loss:
The maximum extent of the potential reversal zone at 0.786 Fib level can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a profit possibility of 11%, and the loss possibility is 3%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
XMR-4h. The price moves up to $175.Confidence, anonymity and anarchy are the concepts that characterize XMR .
The voltage of the whole crypto world does not affect this coin at all. Keeping the bottom trend line on December 21, buyers continued their clear growth trend. It seems that she was chosen to hedge losses. It is the last two 4-hour candles that have abnormally high volumes. This nature of the price movement should end with a test of $175.
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XMRUSDT completing Gartley | A good long opportunity aheadOn the small time period 1 hour chart , the price action of Monero (XMR) is completing final leg of Gartley and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Gartley formation should be as below:
Potential reversal or buying zone: $154.74 to $154
Fibonacci projection or sell zone: $155.32 to $156.73
Stop Loss:
The potential reversal zone area that is up to $154 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 1.70% and as per the above-mentioned stop loss, the loss possibility is 0.48%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
XMRUSDT - own gameThe asset has its own game.
Pressing the level 140.
Global trend up.
Need consolidation under level.
And should expect a breakthrough up.
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Monero breakings highs, aimed for $170!XMR is in 4h cup and handle bullish pattern, as you can see in this 4h chart,
XMR is in continues strong uptrend and has a strong potential to see another strong spike up to $170, before seeing a small correction.
If XMR daily candle closes above $132, it will be a clear daily bull signal.
MACD is giving a daily bull signal.
RSI is breaking previous highs.
Good luck!
Tibor
XMR MONERO BREAKOUT - EASY TARGET 70 XMRUSD XMRUSDT XMRBTCXMR MONERO BREAKOUT - EASY TARGET TP1 70
IF 70 BROKEN THEN TP2 82
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.
Golden ratio for the golden crossMonero fibonacci spiral, looks like a buy
Golden cross can be seen
Price can be seen in green box to climb the fib spiral