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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
XMRUSD forming bullish Crab for upto 587% bullish moveHi Folks hope you are well, this bearish trend is helping many tokens and cryptocurrencies to complete their finals bearish legs to form bullish patterns and Monero (XMR) is also one of them. On 2 day chart the XMR has formed bullish Crab pattern, even though the price action has hit the spike in PRZ level and pulled back but I am expecting that due to this bearish trend it will give us another change to catch it from the potential reversal zone. Let’s dig this pattern deeper to check how perfect this pattern is formed: After initial leg (X to A) the A to B leg is retraced between 0.328 to 0.618 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 1.27 to 161.8 Fibonacci. Buying And Sell Targets: The buying and sell targets according to harmonic Crab pattern should be: Buy between: $29.819 to $11.431 Sell between: $44.060 to $78.554 So this trade has up to 587% big profit possibility. Stop Loss: The potential reversal zone area can be used as stop loss in case of complete candle stick closes below this level. 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
XMRUSD formed bullish BAT | Upto 72% move expectedHi friends hope you are well, on 2 day chart the Monero (XMR) Coin has formed bullish BAT pattern and entered in potential reversal zone to move up. Lest’s dig the pattern deeper to see how perfect this pattern is formed: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: $55.701 to $50.477 Sell between: $68.18 to $86.926 Stop Loss: The potential reversal zone area which is up to to $8.80 can be used as stop loss in case of complete candle stick closes below this level. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own reaserch before any investment.
BITFINEX:XMRUSDLong
by moon333
XMRUSDT formed bullish BAT | Upto 43% bullish move expectedHi friends hope you are well, here I have found another profit potential trading idea for you and this time Monero (XMR) has formed bullish BAT pattern and entered in potential reversal zone and ready for bullish reversal soon. Let’s examine how perfect this pattern is: After initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time which will lead the priceline between 0.382 to 0.786 Fibonacci projection of A to D leg , but if after this bullish divergence the candles sticks will be closed above the 0.786 Fibonacci projection area of A to D leg then it can also lead to the long term bullish move. Buying And Sell Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: $66.32 to $62.42 Sell between: $75.57 to $89.41 Stop Loss: The potential reversal zone area which is up to $62.42 can be used as stop loss in case of complete candle stick closes below this level.
XLong
by moon333
Monero (XMR) Price Prediction 2020 | Complete Long Term AnalysisLong Term Bearish Move: The price action of Monero has been moving down with strong bearish trend since Jan 2018 after hitting the highest price of Dec $477. In the meanwhile it has been giving us many short term and midterm trading opportunities but on a bigger view it has been down and finally touched $38.50 in Dec 2018 that is the lowest price from Dec 2019 up till now which is more than 91% loss. Since Jan 2020 the Bollinger bands on month chart is getting squeezed and priceline is moving sideways indicating that the price action might have found a support here. Formation Of Parallel Channel And Double Bottom: 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. Now we have 9 touches at resistance and 12 touches at support, this channel is very firm as the resistance or support are not broken since Dec 2018. This time after hitting the support the price action is again bounced to hit the resistance soon. Here we have also a double bottom formed by the price action which can lead to breakout and a very strong bullish move. Oscillators and Momentum: On week chart the moving average convergence divergence is turned strong bullish and RSI has already visited the oversold zone since May 2019 to Nov 2019 and when the price action took bullish move in Nov then after some bullish move it took some corrective move and pulled back and went in oversold zone again then turned strong bullish again. This RSI move is very healthy which confirms the firmness of bullish trend on the other hand momentum is also turned strong bullish and we have received this strong bullish signal from momentum after Mar 2018. The Harmonic Move: The strongest signal in favor of bulls is the formation of harmonic bullish BAT pattern on month chart. This pattern was started since Nov 2016 and now it has been completed, lets have a look on the pattern how perfect this pattern is formed: The initial leg (X to A) was started in Nov 2016 and completed in Dec 2017 after 1st leg the price action has retraced between 0.382 to 0.50 Fibonacci (here I have ignored some extra spike), then B to C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg and finally we have C to D leg which is retraced between 0.786 to 0.886 Fibonaaci and this is the potential reversal zone of this BAT pattern. Now from this PRZ area we can expect the bullish divergence at any time and realistically the price action can easily hit the 0.382 to 0.786 Fibonacci projection area of A to D leg and the buying and sell targets would be as below: Buy between: $107.43 to $60.58 Sell between: $219.65 to $389.87 So this trade has potential to give upto 357% profit Regards, Atif Akbar (moon333)
BITFINEX:XMRUSDLong
by moon333
Monero Technical Analysis - XMRUSD - 31%-404% Profit ExpectedMonero - XMRUSD - Technical Analysis - 31%-404% Profit Expected Don't Miss This Profitable Opportunity ... 4x - 5x Gains Expected. Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :) In a lower time-frame (4hrs) this long position has also been confirmed. Target Profit Range - 51 - 169 (31%-404% Profit Expected) TP - 1 - 51 TP - 2 - 74 TP - 3 - 100 TP - 4 - 124 TP - 5 - 147 TP - 6 - 169 Buying Zone! Long Position Early Entry Trigger Point - 36 - 39 Ideal Entry Trigger Point - 32 - 35 ***If you want to get in this trade from this point 60 you can still make 23% profit till TP2 is reached, however, there is a very high probability that price may continue to move down towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly. Good Luck.! Disclaimer - This is not financial advice. This is my personal view and analysis of this chart. If you follow this idea please plan your trade according to your lot size and account equity. Don't forget to like, comment & follow , If you agree with my analysis :)
POLONIEX:XMRUSDLong
by Jaffery
XMRUSD forming bullish Shark | A good long opportunity The priceline of Monero / US Dollar cryptocurrency is forming last leg of bullish Shark pattern and soon it will be entered in potential reversal zone insha Allah. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 54.991 to 53.916 Sell between: 55.705 to 57.596 Regards, Atif Akbar (moon333)
BITFINEX:XMRUSDLong
by moon333
XMRUSD formed a bullish BAT upto 119% expectedPriceline of Monero / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone to hit the sell targets soon insha Allah. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Price action is hitting the lower band of bollinger bands after Dec 2018 therefore we can expect a bounce from here, but volume profile is showing still interest of the traders even below the PRZ level and MACD is strong bearish and Stochastic is oversold but in bear cross so for secure trade we should wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 56.193 to 47.953 Sell between: 75.903 to 105.462 Regards, Atif Akbar (moon333)
BITFINEX:XMRUSDLong
by moon333
Monero Price Analysis: Feast or Famine VersionFor those that have been following Monero, you’ve probably noticed the extraordinarily bullish sentiment that has taken hold of the protocl in recent weeks. There are a few reasons for that: 1. On a technical trading level, Monero was looking delectable. Period. 2. There was a report that came out that valued Monero somewhere in the upper reaches around $40k at some point in the near future (which is a few hundred/thousand percent above where it is currently). 3. Monero is a solid project in general and things that are fundamentally solid in any market, with awareness and marketing behind it are never going to die. Now that we got those facts out of the way, let’s get to the actual price analysis itself. Monero Price Analysis From the chart, we can see a break above the baby-symmetric triangle (which resulted in a reversal), into a couple of bounces that eventually let the price start jumping out of the gym before touching back down to earth (where it is now). If the mini-uptrend on the daily chart holds, then one should expect that the price will be increasing for Monero at any point now. Below, is another illustration of the chart to help traders get a better visual of what’s going on: If the uptrend were to hold here, then the green arrow should symbolize where the price action will head to in the future. But we can not just take this at face value! This is crypto, and the price could just as easily break back down below the uptrend line. There are a slew of negative price signals on the daily Exponential Moving Averages Burnt Orange = EMA-26 Lime Yellow = EMA-12 Looks like the EMA-12 may be headed down below the EMA-26, which would be bearish and the price has already crossed below both EMA indicators, which is bearish in itself. So, this is something to watch for. However, it must be noted that the exponential moving averages are lagging indicators. Its a bit messy, but you should still be able to clearly see the bearish cross of the MACD as well as the negative Histogram just getting started and the current bar is bigger than the last, and it also looks like the bars have just started on the negative side too. So, it looks like there's no waning on that situation coming anytime soon. Bollinger’s Bands Price isn’t even at the bottom of the Bollinger’s Bands on the daily. No bounce in sight. (Continued on September 11th, 2018) Let’s Go to the 2 Hour As you can see in the photo above, the uptrend appears to be holding fairly and we can see a slight bounce off of the trendline at the end. The yellow squares that you see are indicative of the touches on the trendline (please note that this does not need to be an “exact” touch, just within the general realm/region). RSI(14) on the 2H Truthfully, the RSI is a bit iffy here, but it does appear to be on its way up. XMR’s fate will probably be decided, in large part, by the performance of the crypto market in general. If the crypto market s**** the bed at some point in time, then yeah, it’s most likely that the price of Monero is going to plummet with it. While it has been defying the market trend over the past month, it has not been entirely immune to downward moves. For the most part, Monero has been on the move while Bitcoin/crypto markets are moving sideways/going up. But when the market is headed downward, it has generally been consolidating as well (we can even observe this phenomenon on the charts now). However, the fact that the uptrend line has held so solidly is fairly indicative of the fact that it is proving to be a reliable point of support for the price. But, a break below this could lead to the same disastrous drop in price that we had seen before. The two pictures above show the inherent risk to traders if they are “wrong” about their long decision. Conclusion (Strategy Advocacy; Not Financial Advice) If it were left up to the author’s hands, and they were resolute on making some sort of play on Monero, then the best play would probably be to wait. The author is unsure about the liquidity of shorts on Bitfinex’s platform, but if the price does break down below the uptrend line that it is on, then Monero would be an excellent short. That’s something that most readers have probably gathered at this point. A price where this breakage below the uptrend would probably be most ‘apparent’, would be at $100. Or, one could wait until there is another massive decrease in the markets, and make sure to short a coin like Monero, because it is more than likely that it will finally depreciate like the rest of the market once it has finally broken its uptrend. Conversely, if this does not happen, then a tentative long position should be placed at the next resistance point that gets broken. It’s fair to assume that the next notable resistance point for Monero is hovering in the $108-$110 range. This resistance point was determined by looking at the top of the range that Monero is trading in. Thus, if the price breaks above the point where Monero is at currently, it would be most prudent to place a long position there and then place a S/L just below the resistance point. Placing a long where the price is at currently could be really risky, even if you have a solid S/L on the market because a dramatic reduction in price could lead to your S/L not being fulfilled at all. And such an event is much more likely to happen in the wake of a major sell off or decrease in price (which tends to happen when price breaks below a trendline). In either case, be safe trading!
BITFINEX:XMRUSD
by librehash
1
XMR: Breakout Alert vs. USD and BTC!XMR, the top anonymity coin has sustained a breakout from its downward channel with USD and BTC. We target a 50% fibonacci retracement from its end of April high. Use small leverage and capital. BTC is hovering along the edge zone of a downward channel, and a small movement in BTC could impact the price of XMR substantially. Buy: 120-125 Target 1: 135 (11.25%/8%) Target 2: 156 (30%/24.8%) Target 3: 178 (48%/42.4%) Target 4: 205 (70.8%/64%) Stoploss: 105 (-12.5%/-16%)
XLong
by CoinAndCrypto
1