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Monero $XMR to Test $200Monero has benefited from recent market preference for privacy given recent actions to weaponize financial instruments and access. (ex: Canada v. Can Citizens, NATO countries v. Russia). 8 consecutive weekly green candles saw XMR appreciate from $130 to $290. Today, XMR is testing 20 EMA support with multiple indicators reflecting a cooling off period is underway. Recapturing the 20 EMA would not be bullish given broader markets & headwinds, but would help build support level & reduce likelihood of testing $150 down to $115 price points. While Monero has longevity, price action will be susceptible to significant volatility as nation states and institutions work to maintain status quo and push centralized agendas and green initiatives that view Proof-of-Work as antithetical to the ESG narrative.
XShort
by UnknownUnicorn20630062
$XMR to Test $200 SupportMonero has realized 8 consecutive green weekly candles, from $130 to $290. Privacy protocols have benefited from market desire for unlinkable & untraceable transactions this year in the face of the weaponization of financial instruments. XMR has a long track record, is a trusted blockchain, and has a long-term place in the crypto space. However, institutions and central banks are trending towards more insight into transactions with the European Union primarily leading the efforts, not to mention concerns regarding Proof-of-Work energy consumption and push towards green/renewable and alternative consensus mechanisms. Near-term, expecting a test of $200 support from local high of $290 (~30% retracement) with potential to see bearish continuation to $150 and then $115 if the broader macroenvironment continues to realize rampant inflation in the face of a slowing economy. Indicators support the current decline with MACD reflecting a recent bearish cross on the daily, declining momentum and on balance volume. Monero has lost 20 EMA, regaining with a close above this would result in need to watch closely as the week progresses.
XShort
by UnknownUnicorn20630062
XMR/USDT : Breaking below the channel !BINANCE:XMRUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $XMR has formed an ascending channel and now it's breaking below the formed channel. Based on the current volatility of the market; We might have more false break-out or rejections! So in that term, I just marked an S/R line on $245, Which is going to give us the Short trigger after a close below and we can have our Short on the proper retest of mentioned line. I would adjust a secondary for those who trying to have passive trades : Trading setup : 🔻 Entry Pointes : $250 - $255 - $260 📍Targets : $241 - $233 - $217 - $206 - $190 🟥 Overall stop-loss : $285 Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
XShort
by Helical_Trades
12
In the end, "All the pieces go back in the box."This is an off the cuff video that has me discussing a very important trading mantra that I came up with years ago. I still repeat this phrase to myself a few times on a daily basis, while trading. I feel as though the compartmentalization of your "real" life and your trading life need to be put in place. Otherwise, not only will you make consistent mistakes due to aggravation, you will end up completely losing your mooby-flippin' dome after a while, kid. ♠️🐿🤫
by FutureAmericanExpat
1
XMR going strong💪Monero broke up this triangle📐 and I think there is chance for run to 372 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. Notice how price action respects the Fibbonaci extension applied to initial impulse. 0.618 already broken, 1 just tested. Next hurdle will be 1.272 and finally the 1.618 which corresponds with the triangle target. Easy breezy, beautiful. ENTRY : local high @ 282 STOPLOSS (SL) : local low @ 248.9 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 372 REWARD RISK RATIO (RRR) : 4.3 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
XLong
by bizmark
3
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (226.7). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 249.9 TP2= @ 264.9 TP3= @ 276.6 TP4= @ 293.5 TP5= @ 309.9 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
XLong
by ForecastCity_World
8
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (226.7). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 249.9 TP2= @ 264.9 TP3= @ 276.6 TP4= @ 293.5 TP5= @ 309.9 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
XLong
by ForecastCity
4
Monero Price Analysis — April 20Unlike other cryptos, Monero has maintained a steady upward trajectory since its slump to the $132 low in late February. The privacy cryptocurrency has exhibited significant resilience by remaining unmoving during broader market bearish runs but following bullish waves. That said, XMR tapped its highest level since November 21 on Monday after hitting the $270 mark but recorded a sharp correction to the $250 mark shortly afterward. However, the bearish correction appears to have run its course, as the cryptocurrency rebounded above the $260 mark in the early session on Wednesday. I expect a retest of the $270 top, where my two-month-long channel top resides, over the coming hours, which should prompt a leg up towards $290. Meanwhile, my resistance levels are at $270, $280, and $290, and my support levels are at $250, $240, and $230. Total Market Capitalization: $1.92 trillion Monero Market Capitalization: $4.7 billion Monero Dominance: 0.24% Market Rank: #32
XLong
by Mr_Wogbe_Alex
Golden Pocket Retracement to $380 for Monero! 🚀🚀🚀Hey Traders, As you can see, the Weekly Candles of XMR (Xonero) reveal a Falling Wedge pattern via the bodies. After a large downtrend, the 0.618 level from the peak to the trough is the most common retracement zone (AKA the Golden Pocket). The price breakout out of the falling wedge is also set near $400 (based on the first impulse-up move within the pattern). The ABCDE Elliot wave is not that accurate so it is just for show... Tp at $380 Another reason why XMR recently pumped is that an exchange had someone's balance on paper, not actually in reserves. So someone with a very large amount needed to withdraw so the exchange bought the XMR all at once in order for the person to move it. This was a coordinated move by the Monero community to test the exchange's reserves which ultimately proved correct. Safe Trading, -Pulkanator
XLong
by Pulkanatir
6