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XMRBTC

Downward Trend and Key Support LevelsOver the past month, XMR has been trending downwards, experiencing a moderate level of selling pressure. This led to the breach of its initial support level around $147, and the price subsequently hit the second support level at approximately $136. As anticipated, there was a positive reaction at the second support level, resulting in a 6% increase in XMR's price. However, the buying power was not sufficient to break through the resistance at the $147 range, indicating a pullback in the ongoing downward trend. The RSI level for XMR is currently at 37, indicating a moderate level of downward momentum. This suggests that there is still some selling pressure on XMR, but it is not yet in an oversold condition. The RSI level of 37 aligns with the overall analysis, confirming the presence of bearish sentiment in the market. As the selling pressure persists, XMR lost support at the $136 range and is now testing an important support level situated between $122 and $128. This support level corresponds to the starting range of the last upward movement observed on a weekly basis. It is crucial for XMR to hold above this support range to avoid further downward movement. Taking a broader perspective, on longer time frames, XMR is currently in a range-bound trend, while on a daily time frame, a clear downward trend is evident. To change the trend and reverse the downward movement, XMR would need to break the downtrend line and rise above the resistance level of $150. Considering the combined analysis of the price action, support and resistance levels, and the RSI, it suggests that the market sentiment for XMR remains bearish, with selling pressure continuing to influence the cryptocurrency's price. Traders and investors should closely monitor the support level around $122 to $128, as a significant break below that range could potentially lead to further downside movement for XMR.
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by MonoCoinSignal
8
✳️ The Monero/Bitcoin Inverse Relation Signal (Fail Trade)✳️ The Monero/Bitcoin Inverse Relation Signal (Fail Trade) Monero has been moving inverse to Bitcoin, the XMRBTC pair. ✔️ From 11-Jan. '23 to 21-Mar. '23 XMRBTC had a strong correction. ✔️ From 11-Jan. '23 to 21-Mar. '23 BTCUSD produced a strong impulse. ✔️ Now XRMBTC prepares to move up. ✔️ Now BTCUSD prepares to move down. ✔️ Monero was undergoing a correction; ✔️ Bitcoin will undergo a correction. That's the inverse relation. We are likely to see XMRBTC do an upward ABC and then above 5-down wave. And thus we are likely to see Bitcoin do an ABC down then the final fifth up-wave of a higher degree or a 5-up wave of the same degree we are looking at here. I'll confess... I called my XMRBTC spot trade too early but nothing a short wait can't fix. Note: The timing might be a bit off and the exact targets, the wave count is only for reference and illustration. In a nutshell: XMRBTC is undergoing a Zig-zag correction and is now entering the B wave (5-3-5 | A-B-C). Namaste.
by AlanSantana
3
XMR/USDT 1DAY UPDATE BY CRYPTO SANDERS !Hello, welcome to this XMR/USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-Monero (XMR) has been one of today’s biggest gainers, with prices climbing to a four-week high. Following a low of $152.16 on Thursday, XMR/USD raced to a peak of $163.10 earlier in the day. As a result of the move, XMR climbed to its strongest point since February 20, when the token reached a peak of $168.70. Looking at the chart, the move came as monero rose beyond a key resistance level at the $155.00 mark. Earlier momentum has somewhat eased, which comes as the 14-day relative strength index (RSI) collided with a ceiling at 58.00 At the time of writing, the index is tracking at 58.84, with XMR marginally lower than its earlier high. It is now trading at $160.65. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
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by CryptoSanders9563
$XMR/#BTC [#Monero]: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the $XMR / $BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.006806 | 0.007185 | 0.007824, and the major support zones can be found at 0.006167 | 0.005907 | 0.005268. Consider entering at the current price zone of 0.006648 and targeting higher levels. ◰◲ General info : ▣ Name: Monero ▣ Rank: 28 ▣ Category/Sector: Payments - Currencies ▣ Overview: Aimed at privacy-preservation and fungibility, Monero is a Bytecoin code fork providing anonymous value transfer through ring signatures, stealth addresses, confidential transactions, and bulletproofs. Monero offers anonymity by default in contrast to the optional privacy preserving functionalities of its peers. In pursuit of decentralization Monero continually changes its proof-of-work algorithm in order to prevent ASICs from dominating and centralizing the mining process. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.006648 ₿ ▣ 24HVol: 121.750 ₿ ▣ 24H Chng: 1.218% ▣ 7-Days Chng: -1.81% ▣ 1-Month Chng: -13.50% ▣ 3-Months Chng: 2.42% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.006806 | 0.007185 | 0.007824 ◢ Support: 0.006167 | 0.005907 | 0.005268 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -4.59 ▣ Last 90D: 0.22 ▣ Last 1-Y: 0.22 ▣ Last 3-Y: 0.63 ◲◰ Volatility : ▣ Last 30D: 0.51 ▣ Last 90D: 0.45 ▣ Last 1-Y: 0.84 ▣ Last 3-Y: 0.99 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.56 - Bullish ▣ Reddit sentiment score is 0.77 - Very Bullish ▣ In-depth XMRBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
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by Crypto2AF
Selling pressure initially broke the floorXMR has seen a sharp decline in price over the past few weeks. Selling pressure initially broke the floor of the short-term ascending channel, and the price fell to the support range of $150-157. With the accurate reaction to this support range and the increase in demand that was created last day, we see a return to the minor resistance level in the range of $167-169. There is potential for Monero to continue to range during this week and next week. The trend is still in the range in the daily timeframe, and in the 4-hour timeframe, that is, for the medium term, the trend is downward, and until we have a return above the $170 resistance, this trend will not be upward. With the upward trend, we can expect the price growth to continue up to the resistance of the $190 and $200 range. In the bearish scenario, if we have selling pressure, the second valid support level is considered in the range of $133-141, from which we can also expect a positive reaction.
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by MonoCoinSignal
2
XMR triangle breakoutPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Have this draw for week or so just didn't post but now is the time I guess! Orange trendline added. Monero broke up this triangle 📐 and now still backtesting it's upper edge. I just bought as I think there is chance to reclaim the previously broken triangle lower edge and then the price could surge to 203.5 target and even higher. ENTRY : local high @ 174.2 STOPLOSS (SL) : local low @ 167.0 TARGET (TP) : height of the triangle projected from midpoint of the local range @ 203.5 REWARD RISK RATIO (RRR) : 4.0 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.
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by bizmark
4
XMR/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this XMR /USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- monero (XMR) also surged earlier in the day, as it edged closer to a key resistance level. XMR/USD moved to a peak of $178.15 earlier in the day, which comes less than a day after falling to a low of $169.84. Today’s surge sent monero closer to its long-term resistance level at $180.00, which was last broken on Sunday. As can be seen from the chart, the relative strength index (RSI) is currently hovering below a ceiling of its own at 65.00, with a current reading of 63.25. In order for bulls to take XMR back above the $180.00 level, price strength will first need to surpass the 65.00 mark. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
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by CryptoSanders9563
Monero still has bullish momentumXMR continued its upward trend over the past weeks, and according to the previous analysis, its price growth increased just after breaking any resistance, turning that level into support. Monero still has bullish momentum, and if it breaks the current resistance in the $172 - $178 range, it could rise to the top of the main descending channel. Note that the channel ceiling resistance overlaps at $200 and is a psychological level. Therefore, the possibility that the price will be corrected from this range is high. If this resistance is broken in the future, we can expect the end of the corrective wave in the weekly time frame and the beginning of the price movement to reach the previous ceilings. Also, if this resistance is broken, the daily trend can be upward. Therefore, pullbacks that return to support areas in the future can be considered demand areas.
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by MonoCoinSignal
3
XMR - Monero / BTC Get ready to buy the dipGet ready to buy the dip My buy zones are between 0.0064 and 0.0078. I'm looking for a green Ichimoku Cloud swinging chop before momentum builds again for the next rip. XMR had a nice rip up to over 0.009548! Who'd a thunk it! But the next target is 0.01. The importance of privacy is catching on. And XMR is the OG in this space in terms of privacy. It has gone the distance. Is great tech, great dev community. Built on solid foundations. No taxes for the state! Peace and love and spicey rum. Happy Sailing Privacy Pirates. F.Society, F.Banksters, F.Politicians Best regards, Snake Plissken
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by kryptologic
Monero Is Here To Save The Day! (Share your Altcoins - Comments)I sold all of my Altcoins and bought Monero... I made one of those silly mistakes where you quit your position but quickly fixed it and jumped back in... A quick reminder how your personal/emotional life can directly affect your trading. Anyway, this one is looking good and looks like a safe-haven, for us to get through the Bitcoin drop. I will be looking at some charts/Altcoins that are in a similar spot as Monero... Altcoins that are bullish and growing while Bitcoin drops. Do you have any in mind? If you are looking at any pairs like Monero, let us know in the comments... Thanks in advance. Namaste.
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by AlanSantana
26