✴️ Monero Long-Term Recovery, Leads To Long-Term GrowthThe bear market bottom was set June 2022 for Monero, XMRUSDT.
After this low was hit, we are seeing a long-term recovery phase.
We have a strong resistance level around 180.
Each time this level is hit it becomes weaker.
Monero is on the move again based on this 3D chart.
The last two candles closed bullish and the current one is pushing prices above EMA10.
This pair is set to challenge 180 again... As soon as 180 breaks, we should see a strong jump take place.
Then more consolidation before the next bull-market cycle.
Patience is key.
Monero is good for the long-term.
Namaste.
Xmr
Monero's resilience in a tough crypto marketBoth 2022 and 2023 have been challenging for crypto. But there is a bastion of stability in XMR. You can see in this chart how stable that coin is (no pun intented) vs the volatility of the rest of the crypto space.
Whilst BTC recovered and so did the other major cryptocurrencies they are still hugely susceptible to volatility. Monero on the other hand enjoys a much steadier course underlined by strong demand.
Corrective CycleIn recent weeks, XMR has demonstrated a persistent trend confined within a defined range. Significantly, it has breached its upward trend line, indicating a shift towards a corrective cycle on the daily time frame. Presently, XMR is trading within the $153 range. Notably, transaction volume has experienced a notable decline, falling below the 30-day average.
Monero's price movement is influenced by two support levels, with particular emphasis on the second support range. The first support stands at $147, while the second support lies within the range of $135.7 to $138.8. Sustaining the second support range presents an opportunity for potential price growth, potentially reaching the upper bounds of the weekly channel range around $186.
Considering the broader long-term range trend of the Monero currency, favorable market conditions can be anticipated to facilitate substantial growth.
Xmr Building Up for Massive Breakout Seems Like Getting ready for Massive Breakout formed Descending Channel In 3 days Timeframe Incase Of Breakout Expecting 180 to 200% bullish Wave
XMR Big Upside - Caution Waiting For Back TestXMRBTC - If you are waiting for the backtest of that massive breakout, you may not get the chance for it.
Last cycle it ran 1500% against BTC before officially backtesting the break.
Cheers,
XMR IS BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the XMR symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
XMR - Potential reversal in priceMonero has been heavily underperforming BTC for a long time, this means you are taking more risk holding XMR than if you are holding BTC
however, I see XMR is beginning to enter a super bullish state, with a maximum TPI value of 1:
This could mean that we could see a nice trend to the upside:
I like to keep it Long, simple and boring. BCH On the last Cicle I was able to get in on BCH at HKEX:80 EVEN THOUGH every single influencer and youtube were betting against it. The Token KILLED it wtih 1500% gains. I know everyone wants 5,000,0000 % returns and if not then the token isnt work it. Blackrock Stated the like open source, decentralized and permissionless tokens and CHATGPT gave me the top 10 (BCH within them):
Bitcoin (BTC): Bitcoin is the first and most well-known cryptocurrency. It is completely decentralized and operates on an open-source protocol. Anyone can participate in the Bitcoin network without needing permission from any central authority.
Ethereum (ETH): Ethereum is a decentralized platform that enables the creation of decentralized applications (dApps) and smart contracts. It is also open-source and permissionless, allowing anyone to build on top of the Ethereum network.
Litecoin (LTC): Litecoin is a peer-to-peer cryptocurrency that is based on the Bitcoin protocol. It is also open source and decentralized, with no central authority controlling the network.
Dogecoin (DOGE): Dogecoin is a cryptocurrency that was created as a joke, but has gained a significant following. It is open-source, decentralized, and operates on a proof-of-work consensus algorithm.
Monero (XMR): Monero is a privacy-focused cryptocurrency that is designed to be completely anonymous. It is open source and decentralized, with no central authority controlling the network.
Bitcoin Cash (BCH): Bitcoin Cash is a fork of Bitcoin that was created to address some of the scalability issues of the original Bitcoin network. Like Bitcoin, it is completely decentralized and operates on an open-source protocol.
Cardano (ADA): Cardano is a third-generation blockchain platform that aims to provide a more secure and scalable infrastructure for decentralized applications. It is also open source and decentralized, allowing anyone to participate in the network.
Stellar (XLM): Stellar is a decentralized platform that enables the exchange of digital assets and cross-border payments. It is open source and permissionless, allowing anyone to use the network to send and receive funds.
Dash (DASH): Dash is a cryptocurrency that is designed to be fast and efficient. It uses a two-tier network that allows for instant transactions and also provides additional features like private transactions. It is open source and decentralized, with no central authority controlling the network.
Zcash (ZEC): Zcash is a privacy-focused cryptocurrency that uses zero-knowledge proofs to ensure the privacy of transactions. It is open source and decentralized, with no central authority controlling the network.
Monero Road AheadMonero has been trading in a downtrend for a while, and almost strictly within the red shaded (fib .236 - .382) area for 11 months straight. It has a date with destiny soon though, and will either breakout within the shaded triangle area or collapse down to the $145 range. If Monero clears the .382 fib line at $172.60, I really need to see a firm retest. To confirm both the breakout of the downtrend, and the flippening of .382 from strong resistance to support.
The .5 fib at $195 will not be as strong as what .382 has been. If Mordinals or larger macro factors hit quickly, $195 will be taken over with little resistance.
Entering now at $160 and exit upon passing $195. Targeting $205 for a 28% gain sometime in late April/early May. NFA
Moreno technical analysis. Support is holding, so far.So far it looks like a trend is holding up. There was breakout. Will it hold is another question... The sharp drop was caused by sharp BTC rice. If everything holds the top would be roughly correlating with the XMRUSD analysis. The peak would be somewhere around 2025-2026.
Monero, XMR to the downside? You have been warnedGood day everyone,
The daily time frame suggest that XMR can see a massive move to the down side. Calling out for all of eternity XMR incoming measured moves of $118 then $66, I could give you all 5 layers of confluence I see but what fun would that be, hint one of them...starts with a H ends with a S...Happy Trading folks!
HIGHER VOLUME TREND SHOWING FOR XMRHIGHER VOLUME TREND SHOWING FOR XMR
XMR shows higher volume on MFL level
Monero Price Analysis, Neutral Market with a Bearish BiasMonero (XMR) is currently trading at $0.07655 with a 4-hour timeframe. The Relative Strength Index (RSI) is at 47, which indicates a neutral market sentiment. The volume oscillator is at -32.5%, indicating a bearish sentiment. The Moving Average Convergence Divergence (MACD) is at -0.3, which is slightly bearish. The Stochastic oscillator is at 31.5, which suggests a slight bullish momentum.
The Fibonacci levels for the 4-hour timeframe are at 0, 0.5, and 1, which are at 154.4, 158.8, and 163.2, respectively. The upper Bollinger band is at 160.9, while the lower Bollinger band is at 154.5, and the middle Bollinger band is at 157.7. The 4-hour Exponential Moving Average (EMA) 50 is at 157.1.
In the recent news article, it is mentioned that Monero (XMR) is facing an obstacle in terms of price stagnation. The article suggests that a breakout is imminent, and it is only a matter of time before the price crosses the obstacle.
Based on the technical analysis, Monero is currently trading in neutral market sentiment with a slight bearish bias. The price is currently hovering near the middle Bollinger band, which is a neutral zone. The Fibonacci retracement levels suggest that the next resistance levels are 158.8 and 163.2, respectively.
The MACD is slightly bearish, indicating that there is some selling pressure in the market. The Stochastic oscillator is at 31.5, which suggests that there is some bullish momentum. The RSI is at 47, which is a neutral zone.
Overall, Monero's price is likely to be influenced by market sentiment and external factors such as regulatory developments. If the price manages to break above the Fibonacci retracement level of 158.8, it may signal a bullish trend. However, if it breaks below the lower Bollinger band of 154.5, it may signal a bearish trend.
Good luck!
XMRUSDT I TOLD YOU SO AFTER 2023...Lets play the game I told you so...
It is too early to celebrate. I hope everyone was here when everything started so you can agree with me how I read charts.
This is not easy ride but I see lows and even further lows from here, I have XMR 50% of it is sold and I have the other as held on tight.
I just want to double my holdings on this. I know XMR will be the core foundation of Crypto and who fought a good fight...
XMR is used for darkweb transactions after Bitcoin got some light and all knew that we can still trace Bitcoin and who and where it went.
XMR solves and solved that. Hope we know what are the OGs and this is one of those few OG and 1% that really is not a scam and works in crypto.
XMR long. Stronk like bull.XMR resting on top of strong volume profile support, as well as having retraced back to the 71% fib. Strong signals in volume.
(I tried to hide my chaos of drawings and support lines, but tey seem to reappear when I publish the chart. So, oh well. )
A bullish Cypher Harmonic Pattern in XMRI see a simple cypher harmonic pattern in Monro. I specified the stop loss.
xmr have a bullish qmHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the XMR symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#Monero Crashes After Spinning Tops Formation, Resistance At $16Past Performance of Monero
Monero is under pressure, dropping five percent in the last trading day. From the daily chart, XMR is reacting strongly from last week’s highs at around $165. After a spinning tops formation, the coin retraced yesterday, printing a bearish engulfing pattern, signaling weakness. Based on this, there could be a confirmation today, heaping more pressure on the coin.
#Monero Technical Analysis
After a spinning tops formation, XMR is down at spot rates. It looks likely for bears to flow back, pushing the coin deeper in red. Therefore, since yesterday’s bar was bearish and engulfing, traders might look for entries on every attempt higher towards $165. The immediate target would be $145 and later March lows at $130 if bears press on. On a more optimistic outlook, the trend will resume should prices break above $165, reversing recent losses with expanding participation levels. In that case, XMR may float to January highs at around $180.
Past Performance of #XMR
Asset prices are under pressure across the board, and XMR is no exception. From the daily chart, buyers will flow back if there is a breakout above the spinning tops of the end of last week with rising volumes. If not, bears of yesterday may force the coin lower this week.
Resistance level to watch out for: $165
Support level to watch out for: $145
Disclaimer: Opinions expressed are not investment advice. Do your research.