XMRETH
There is a trading opportunity to buy in XMRUSDTechnical analysis:
. MONERO/DOLLAR 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 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.283 to 0.227). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.283)
Ending of entry zone (0.227)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.310
TP2= @ 0.339
TP3= @ 0.374
TP4= @ 0.455
TP5= @ 0.512
TP6= @ 0.593
TP7= @ 0.697
TP8= Free
A trading opportunity to buy in XMRUSDTechnical analysis:
. MONERO/DOLLAR 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 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.283 to 0.227). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.283)
Ending of entry zone (0.227)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.310
TP2= @ 0.339
TP3= @ 0.374
TP4= @ 0.455
TP5= @ 0.512
TP6= @ 0.593
TP7= @ 0.697
TP8= Free
XMRBTC (using Bitmex Cobra)Using Bitmex Cobra on shorter timeframes is very profitable! I used the 15min. for this one.
Percent profitable: 78%
Profit Factor: 6.9
Bitmex Cobra is a highly profitable trading strategy which can help to spot profitable trades as early as they occur or even before. With Bitmex Cobra you get trading signals right on the chart which tells you when you should buy or short the market. With Bitmex Cobra you are always in full control of your trading no matter how the market moves.
Check the List of Trades Tab as well to see past trades.
P.s. Bitmex Cobra is an invite only script with 2 day free access!
XMR/ETH Fib Level Support and Repeat Pattern LONGXMR making a similar albeit not exact pattern to November of 2017. The leading indicator I am looking at is the leveling price on the 0 fib level + the bullish divergence in RSI. As you can see in November/December of 2017 XMR rose all the way to the 78.6% fib level before taking a break and then making another move upwards towards the 161.8% level. I don't think it will be as bullish this time around but I am looking for it to move up towards clear resistance at the 50% level which would be around .366 ETH for a nearly 33% gain.
XMR/BTCHello again !
I drawed a major lines, which I will watching at 4h timeframe.
Will hope, Monero is capable to jump from green support at 0.023805.
If not, next chances are 0 FIBO retracement and green dashed line.
For now, we´ve got a sell volume and MACD not prepare for uptrend signal yet.
Also EMA´s created a death cross. I am waiting for reversal to golden .
That´s all now, I will try to update.
Please, do not trade my ideas.
Sincerely.
Mario Emvo.
*This is not a financial advice.
*Only for educational purposes.
XMR/ETH Weekly Chart LONGLong term bullish on XMR/ETH pair.
Triangle forming. Currently at fibb level support.
XMR - Monero, Cup and handle delayed by market drop. Here is very simple, made it a while ago, so not gonna move my zones, Cup finished its formation prior to fork news. Further fork delayed to 30th April and market drop pushed XMR deeper than my previous buy zone. Nevertheless we are still there. For cautious trades, i would enter on the breakout. Risk and reward question. Careful with BTC movement
Monero Hard Fork: Don’t Panic, Don’t Fall for Scamswww.investinblockchain.com
Hard forks have something of a bad reputation. On the surface they’re little more than blockchain project updates, the equivalent of a new version release. But because of events like the Bitcoin/Bitcoin Cash split, whenever uninformed crypto investors see a hard fork ahead, they enter panic mode.
Hard forks are normal, healthy events in a blockchain project’s life cycle. Ethereum has regular hard forks as part of its roadmap, as do other cryptocurrencies. No matter how much planning or education goes into them, though, it’s not uncommon to see price fluctuations or other drama when an altcoin goes through a hard fork.
Monero has a hard fork scheduled for the end of March 2018. This scheduled hard fork has seen a handful of fake coins and scam airdrops, all ready to take advantage of Monero holders who don’t do their research. Below, we take a look at the Monero fork and some of the unfortunate buzz that surrounds it.
Cryptocurrency Forks
Forks in the cryptocurrency world represent a point in the development cycle when the blockchain splits in two. From a user’s perspective, you can think of them as a planned upgrade, one that can include backward compatibility (soft forks) or represent an irreversible shift in the underlying structure of the blockchain (hard forks).
Hard forks are a bigger deal than soft forks, mainly because transactions made after the fork are not compatible with the old blockchain. This means that miners and wallet holders will need to update their software to keep using the currency.
When a hard fork occurs, the coin usually continues forward without showing obvious signs of internal changes. Transactions are carried out, hodlers sit atop their hoards, no big deal. Other times significant shifts are introduced, including new coins based on the old blockchain’s code.
The classic example of this is Bitcoin spawning Bitcoin Cash, a move that still sparks hot debate across the web.
What You Need to Know About the Monero Hard Fork
Monero’s development team has hard forks scheduled approximately every six months. The March 2018 fork isn’t out of the ordinary, and no drastic changes are being introduced, especially not a new coin. In fact, some of the Monero community wants to call these hard forks “network upgrades” to help keep hysteria to a minimum.
In general, Monero’s hard forks introduce new security features and protocol changes. This one adds some important proof-of-work changes to help maintain ASIC resistance, which has been part of the development team’s roadmap all along.
One reason this Monero fork has gotten extra attention is due to coin scams when a few hard fork projects appeared. Through a combination of sloppy journalism and copy/paste social media sharing, these projects have became synonymous with the original Monero, prompting a lot of users to falsely believe their beloved cryptocurrency was splitting like Bitcoin and Bitcoin Cash did.
Monero and Not Monero
The biggest bit of drama surrounding the March 2018 hard fork didn’t come from the Monero community or the Monero developers. It has come from MoneroV. This project appeared just as talk of the actual Monero fork started to pick up, promising a finite coin cap and a 10x airdrop to Monero holders.
Here’s the thing about MoneroV, though: it has nothing to do with Monero or the Monero team.
In an interview with BTCManager, Monero’s Justin Ehrenhofer stated quite clearly:
The people behind MoneroV are likely scammers or attackers.
The official Monero Twitter account also released a statement reiterating they have nothing to do with MoneroV. As far as anyone can tell, the project exists simply to get Monero holders’ private keys.
There’s also a lighter side to the hard fork drama. WOWNERO isn’t actually an altcoin, it didn’t try to scam anyone, and it’s not even a real project. It’s just a joke.
A long-term trading opportunity to buy in XMRETH. Wait to hunt!Technical analysis:
MONERO/ETHEREUM is in an Up Trend and Continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 70.
Trading suggestion:
The price is in an up trend and we forecast, the uptrend will continue.
But there is possibility of temporary retracement to suggested support zone (0.283 to 0.212), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.283)
Ending of entry zone (0.212)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.358
TP2= @ 0.435
TP3= @ 0.471
TP4= @ 0.512
TP5= @ 0.587
TP6= @ 0.623
TP7= @ 0.697
TP8 = Free
V2:T1_XMRETH_Long_UPTREND!Very interesting trade. Curious to see how it plays out. Daily and 2 hour chart shown.
Entry targets and stop levels shown on chart.
If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated!
Disclaimer: Different data shown. |V1-T1 = Volume 1-Trade 1| Material is educational only. Trade at your own risk!
XMR/ETH XMR going upXMR going for the 0.30ETH. Has good support at 1 fibb level and going for the resistance at 0.786 fibb.
Monero taking the train out of consolidation stationMonero is showing new highs and strong interest through increased volume, putting this coin back at the top of my watchlist.
Traders taking notes took profit above 470 on December 20th (see related idea ), hopefully reclaiming those liquidated shares on the monstrous wick created in the midst of the Bitcoin pullback just two days later (I bought everything I could under 200 USD).
After Bitcoin's big drop, XMRUSD's 2.618 fibonacci extension of the prior reaccumulation phase has provided solid support. Since then we have seen consolidating prices and volume in the form of an ever-tightening volatility funnel. That funnel has just been breached to the north, with immediate targets at
resistance created by the previous all-time high at ~463 USD, and
the target of the volatility funnel at ~572 USD (over 40% above current levels)
Note that the target of the volatility funnel aligns with the 1.5 extension of the large pitchfork -- we will see how much longer this pitchfork remains useful. XMRUSD is still looking quite bullish, and the improving fundamentals of Monero give me the impression there is plenty of room left for this rally in 2018.
XMRBTC is respecting its ascending trendline and finding support for the first time on prior resistance. Given that prices have been loitering near the center of the pitchfork (which represents a market equilibrium), this ratio has room to double. This does not surprise me, given Bitcoin's dwindling dominance in the total market-capitalization of cryptocurrencies.
XMRETH is also breaking the downtrend that brought prices into a historical buy-zone. The rejection of this zone is quite notable given Ethereum's prolonged and consistent rally. Look for volume on this trade pair to gauge the strength of XMRUSD's uptrend.
XMR nearing support zone?Swing trading opportunity possibly. XMR looks to be tumbling (as everything is). Could get in a nice position to get a nice return.