Monero, some thoughtsJust an idea, my personal opinion
Are we approaching a new steeper Uptrend Channel on XMR? ;)
If so, follow the arrows!
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***ALL MENTIONED IDEAS ARE MY OWN OPINION AND ARE NOT A TRADIGN ADVICE***
***PLEASE FOLLOW AND LIKE IF YOU LIKED THIS IDEA!!****
Xmr
XMRUSDTHello to you all. Mars Signals team wishes you high profits at all times.
The price of a washer falls below its support line and compresses itself and starts moving upwards. If it does not go below its support line, it is possible to climb higher, but we must be careful.
Warning: This is just a suggestion to you and we do not guarantee profits.
Wish you luck!
Trampoline to the sky?!🪂Get ready, wolves🔥
There is one more interesting trade for this day.
Symmetrical triangle on XMRUSDT on small frame, which means instant money for you💸
There was a strong bullish sentiment before. So it could be a good confirmation for bulls.
However do not rush the trade and wait for the clear breakout.
According to Elliott Waves theory Wave C is done and price is heading to Wave D, but this triangle may be circumcised and breakout much earlier.
So follow the chart and look for the best price to enter carefully.
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And always remember: "we don't predict, we react".
XMRIf you are looking for an old warrior rising from the ground check out XMR week chart. Next test of 4855 resistance will be the third on weekly and that makes very prone to breakout. Next will be 5400/ 5800/ 6200/ 6600.
XMRUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis.
Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on XMRUSD. Here as you can see, the market broke above the previous highs of 243.344 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 244.287. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 229.178, and my target @ 261.366.
Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day.
Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
💡Don't miss the great buy opportunity in XMRBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (404000).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XMRBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 497000
TP2= @ 540000
TP3= @ 580000
TP4= @ 630000
TP5= @ 715000
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 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 ❤️
💡Don't miss the great buy opportunity in XMRBTCTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (404000).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XMRBTC is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 497000
TP2= @ 540000
TP3= @ 580000
TP4= @ 630000
TP5= @ 715000
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 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 ❤️
Monero (XMR) Project OverviewWhat Is Monero (XMR)?
Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.
The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are.
Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship.
Monero (XMRBTC) Chart Analysis
Let's have a look at this chart on the daily timeframe for Monero (XMRBTC).
First, notice the left side of the chart...
We can see a strong bearish wave until early January 2021 at which point a potential low is hit.
We see a very strong bounce take place and finally end up in February, one month later, with a higher low.
We have prices consolidating and printing higher lows.
Now we are moving above EMA10 and the indicators are turning bullish...
----
Namaste.
This is not financial advice.
XMR Buy a break setup.XRMUSDT - Intraday - We look to Buy a break of 245.2 (stop at 235.5)
Daily signals are bullish.
Pivot resistance is at 241.0.
Short term momentum is bullish.
The bias is to break to the upside.
We look for gains to be extended today.
Our profit targets will be 273.6 and 283.8
Resistance: 255.3 / 275.0 / 288.8
Support: 230.0 / 220.0 / 200.0
XMRUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis.
Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on XMRUSD. Here as you can see, the market broke below the previous lows of 211.60 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 220.19. Since my entry got hit, I put my stop loss above the most recent high @ 232.04, and my target @ 205.86.
Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day.
Disclaimer: This is not a recommendation, advice or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Possible Pennant Building In MoneroPossible pennant setup in Monero-USDT. Stoch oversold. RSI fairly strong, allowing for growth, waiting for volume, and price to go above the cloud. Would probably need to hit the trigger line before any real action takes place.