Xmr
XMR BACK IN VOLUME $187Thank you for reading our update. Please keep in mind that this is not trading advice.
XMR can have a new cycle range for uptrend volume
In the coming period, XRM can play new cycle since XMR shows volume
XMR/USDT Break Alert, Bullish Momentum ?? Moreno Analysis Today💎 XMR has certainly caught our attention. After breaking out of the ascending triangle, XMR showcased a notable upward surge. However, it currently faces resistance at the supply zone, and given the candlestick patterns, there's a likelihood of XMR retracing back to the support level to gather momentum for another attempt at breaching the supply.
💎 Should XMR manage to break through the supply zone swiftly, we could witness a significant rally, propelling it towards the major resistance area.
💎 On the flip side, if XMR retraces to the supply and fails to find solid footing at the support, there's a risk of it dropping further. In such a scenario, XMR might revisit the robust demand zone once more.
Long Privacy Coin Leader: Monero XMR, Follower Zcash ZECLazarus Group, an infamous hacking group of an unknown number of cyber criminals allegedly run by the government of North Korea, currently holds more than $47 million worth of crypto assets in their wallets. The blockchain analytics provider Dune Analytics, which gathers on-chain crypto data and makes it accessible to the blockchain community, revealed that stolen assets include Bitcoin, Ethereum, BNB, and Binance USD, among other stablecoins.
Still, the current amount of stolen funds has dropped by $39 million compared to the $86 million the Lazarus-linked wallets held on September 6. The figure was noticed a few days after the online gambling platform Stake became a victim of the group and lost $55 million in the incident.
coinmarketcap.com
XMRUSDTIn the weekly timeframe, the head and shoulders pattern is quite evident, and in the event of a Bitcoin decline in the long term, this currency has the potential to drop to the range of $80.
Box range: 140.50-148.12Hello?
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(XMRUSDT chart)
(1D chart)
To continue the downward trend, it must fall below 143.43 and show resistance.
If not, it is expected to rise above 145.55-146.69.
However, since a trend is expected to be formed only when it breaks out of the 140.50-148.12 box range, I think it is better to respond briefly when trading within the box range.
(1h chart)
Support and resistance areas are formed in the 142.88-145.0 range.
Therefore, in order to maintain SHORT, it must fall below the 142.88-143.91 range.
Therefore, it is recommended to respond briefly in the 142.88-145.0 range.
If it falls below 142.88, it is expected to fall to around 137.8-139.03.
If it rises above 145.0, it is expected to rise to around 147.15-147.55.
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To sum up, since it is within the box section, short section trading using the top and bottom of the box section is in progress.
If you do not want to trade in a short corresponding zone, it is better to wait for a break out of the box zone on the 1D chart.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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Monero Cup and Handle Just flipped the Monthly SARIntroduction
I have been waiting for an OG coin alt season for over a year now. A lot of the top 10 or top 20 coins from 2015, 2017 and 2017 massively over performed compared to bitcoin and Ethereum and have had to go through an even longer cooling off period than those cryptos did. Monero has dropped to the 20s in coinmarketcap.com’s rankings and some of the coins I favor as trades and ideologically are a lot lower.
I got a bit excited around February/march of 2022 but did not get the follow through that I was hoping for. Now that I have see a flip of the monthly parabolic SAR I am a lot more optimistic that a high probability move to the upside is beginning in Monero and my choice alts. Since they are lower down in market cap one cannot build a position as easily as one could in a top 10 or 20 coin. There is a lot of wicks and slippage when entering a position too enthusiastically or carelessly. I cannot just market into a margin position without creating a wick that immediately puts me under water and messes up my margin level. But if I am right the gains will be worth it.
Main Analysis
The Parabolic SAR is quite a nice indicator on the higher time frames. It was literally named Stop And Reverse and was designed to find places where price can take a U turn. If you are expecting a multi-month or multi-year to happen based on whatever (analysis, fundamenals, etc) a flip of the SAR helps clear “technical resistance” much in the same way clearing the 200SMA in a bear market is a sign that a bull market is brewing.
Another technical resistance we have cleared is the resistance line of the flag. We popped through quite nicely and have been going sideways for about 10 days after the initial move began. While there is a chance that we can retest the flag’s previous resistance as support I think it is more likely that price pumps. A lot of biases of a lot of traders should have flipped to bullish with the SAR. The bull season is still in the early stages and there is still a lot of doubt but generally the bulls will be winning.
Other Charts
The monthly chart for both other times the Parabolic SAR flipped bullish look amazing when viewed with Heiken Ashi candles. Massive 50-70 percent pull backs don’t seem to matter anymore when viewed on the HA chart. The idea that I can get into this trade the first week it is happening is pretty exciting.
The Parabolic SAR is usually used with some momentum indicator and the inventor of the Parabolic SAR liked to use another of his creations, the ADX. Here is a simplified version. Looks promising.
The chart below shows the long term SMA situation. Price is winding up for its next move between the 200 and 100 SMAs. I think it will be to the upside in a big way.
My channels chart set up has the gaussian and Keltner channel (1 and 2 ATR multipliers). Price is struggling at the guassian midline and I think we will see an upside resolution. The chart also shows that the keltner midline (the 20 EMA is a good place to buy pull backs on this uptrend if it is similar to the 2016 uptrend.
Lots of people like to talk about price action but don’t spend enough time talking about volume action. One of the best indicators for volume is the On Balance Volume and with some moving averages it is really easy to tell when the long term buying and selling pressure has flipped. I am very optimistic that XMR’s OBV SMAs will flip bullish.
Since volume can vary by exchange here is Binance as well
Where is the money going to come from?
Money has to come from somewhere to pump XMR and the other OG coins I favor. I think it is going to be rotated out from the ETH ecosystem. Many times a W pattern will have price pump to a double top or even all time highs and then price returns to the rise between the valleys. The chart below shows that both XMR and LTC had price return to the rise between the valley.
Also, my linked ideas will have my bearish post on NDX. I think the equity markets will be howling here shortly as price retraces deeper.
My plan
I am looking to add to my positions with a simple pull back strategy. When both the Log MACD and Stoch are below zero know we have just had a pull back and that pull back will have generated some support and resistance lines. I will look to buy when price is again above that resistance line and catch some momentum. This will help me not buy and have the price continue to fall which is always nice. I will not be buying the bottoms though.
I do not like the idea of buying things and having it be the same price six months to a year later. Much nicer to buy the pull back and watch price climb out of the hole and not return.
I have this planned for a lot of the OG coins, many of which are now in obscurity. Zcash and Dash are in the 70s and 90s. Very low market cap. XPR, BCH and others are still rather big but not as exciting but they are going to be bought on pull backs just the same.
XMR also topped over 200 days before total 2 did on this last uptrend. I have to be prepared to rotate out of XMR and into other coins if XMR reaches its major targets.
$XMR waiting for a double breakoutOMXSTO:XMR waiting for a double breakout, entry loading????? OMXSTO:XMR inverse H&S pattern loading inside a triangle pattern.
If the market breaks the neckline and the resistance of the triangle pattern we can expect more to the upside.
Keep an eye on this. This will be a huge thing near future if the above mentioned scenarios happened.
XMR LONG SignalGot a Long signal on MONERO USDT, usually the XMR Signals do work out with a winrate of 83%.
Once the algo closes the trade i will update the idea here, stay tuned
Downward Trend and Price DynamicsMonero has experienced a consistent decline over the past month. Despite considering a support level around $158, there wasn't enough demand to maintain it. This coincided with increased selling pressure, causing Monero's price to drop to around $136. This puts the currency back into the range where its previous upward movement began, as seen in the daily timeframe. Looking at the weekly timeframe, there have been 9 consecutive bearish candles, indicating significant selling pressure. To change this negative trend, a decisive break above the $149 level is necessary, which could lead to potential price growth towards the target of $200.
In the short term, the price chart displays a channel between $150 and $135. If the lower boundary of this channel is breached, considering the overall bearish market conditions, there's a possibility of further price decline towards the $125-$120 range for Monero (XMR).
XMR: Support BreakoutMonero (XMR) technical analysis:
Trade setup : After getting rejected at $170 two- or three times (Double or Triple Top pattern), price broke below $150 support and could revisit $132 support next.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $132. The nearest Resistance Zone is $150 (previous support), then $170, and $187.
🔥 XMR Bullish Head & Shoulders: Watch This Pattern! 🚨XMR appears to have formed a clear inverse head & shoulders pattern, which is the direct opposite of a normal H&S pattern. Classically, this pattern appears at important areas of trend-reversal.
I'm going to wait for the neckline to break. Once the price has closed above the neckline, it will be my entry signal. Stop below the right shoulder, target at the 2023 highs.
Note: I'm not counting the August 17th wick because it was a stop-loss cascade wick.
XMR/USDT important supply zoneI am waiting for the price to reach the supply area and after getting the confirmation I will enter the sell trade
enjoy the trade
XMR on the long list with the level of 139.8Hello everyone!!!
AIHermes today identified the coin XMR on the long list with the level of 139.8
Entry model - breakout! Leverage 10-20X
Stop is very short.
1st target - 142.
Trade with us, trade better than us!
Today:
18 coins on the short list
12 coins on the long list
SasanSeifi 💁♂️XMR👉1D🔻 149$ / 145$Hey there! In the daily timeframe, we can certainly see that after a rise from the $172 range, there was a corrective trend. And now that the price has broken through the LOW $155 mark, I'm kinda thinking we might see it adjust around the $149 and $145. However, it's always good to see how the price reacts at support levels. What's your opinion? Do you agree with this analysis?
Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗
Wishing you loads of success in your trading adventures, my friend!✌
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
XMR/USDT possible scenario?👀 Monero(xmr) Today Analysis
💎 XMRUSDT is making a promising move as it successfully mitigates the supply zone containing the bearish OB and fills the imbalance.
💎 Currently, we observe that it has been rejected several times from a certain resistance area, indicating a loss in bullish momentum.
💎 The RSI also shows a significant downward move. If the price breaks the resistance level, it will set up bullish momentum.
💎However, if it fails to break the resistance, the price could take a downward turn to mitigate the Bullish OB
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
XMR Investment Plans.I'm going to make an investment purchase of Monero next year.
A significant portion of the money I've been making in futures will go into a long-term buy and hold of XMR.
Ready to share my vision of how I will buy. I expect a qualitative change in attitude towards Monero in the coming years.
The number of beneficiaries of invulnerable capital is growing.
This means that bought with money that in no way can be cashed in Monero becomes an important link in the withdrawal of capital.
By the way, I also believe that in the coming years there should be platforms focused primarily on decentralized trading using Monero.
1. $97-95 - 20% of total planned budget.
2. $62 - 40% budget.
3. $40.05 - 40% budget.
Real life will begin in 2025. ;)
I expect at least $900-1000 for XMR at the peak of the market.
#XMR 23 Days in Downtrend. When to Buy?Its been 23 Days since #XMR decreases in price.
Expect continuation of the downtrend with further increase of the price, because on D TF we can see RSI almost oversold. And the price is coming to very strong support where we can see Weekly FVG, Weekly 50 ema cross and 200 ema cross on D TF
We can expect bounce from that level - 148.8$
If the price wont stay above 1st Target, that I mentioned on the chart, after the bounce from 148.8$
Then probably, coin will continue its descending move towards to Support line that you can also see on the Chart, where I will set a Limit order to buy.
You can Open:
Shorts until the levels I mentioned in the chart and set Limit orders to long when the price will reach the levels.
L ong Position invalidates only if the price will stay below the support line.
Monero Also Have a very good Investment Opportunity Hi Everyone;
today we have one of the best risk to reward Investment opportunity
it is more than 165 times the risk and the chart is look very promising.
I expect breaking the previous bear market key point will clear the way to the final target
XMR SHORT PROJECTIONXMR is currently experiencing a sideways price action, with a notable strong resistance capping its price movement, preventing it from surpassing the $170 level on the daily timeframe. In light of this, we anticipate a downside momentum to act as a correction leg for the previous bullish trend. Simultaneously, we are closely observing for a potential bearish breakout to occur on the support within this market structure.
XMR: Approaching ResistanceMonero (XMR) technical analysis:
Trade setup : Price is in an Uptrend overall. But near-term, after getting rejected at $170 two- or three times, that could signal a Double or Triple Top pattern, which is negative (bearish). Now we wait for price to either 1) break above $170 to signal uptrend continuation, or 2) pullback to $150 level that could serve as an attractive entry opportunity.
Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis.
Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral).
Support and Resistance : Nearest Support Zone is $163, which it broke, then $150. The nearest Resistance Zone is $170, then $187.