Monero (XMR) or Moonero?Greetings citizens of the world
Monero price today is $145 with a 24 hour trading volume of 100 million dollar. XMR price is up 0.7% in the last 24 hours and 7% since last week
Monero is the top privacy centric cryptocurrency based on the CryptoNote protocol, a secure, private and untraceable currency system and after what happened to Tornado cash more "people" use XMR.
100-110$ is the most important support level for monero so if you were long from that level take some profit because at 160 we can have a little correction but if we break 160$ then 165,170 and 179 are next targets. If you want to buy monero for long term hold, 100-120$ are good dip zone for loading some coins.
as you see XMR repeat its pattern in downtrend so there is no reason for FOMO or any crazy leverages
Xmrlong
Monero is showing an absolutely incredible pattern in the chartsMonero (XMR) is showing an absolutely incredible pattern on the weekly and daily charts. Monero is one of the very few truly decentralized and anonymous blockchain cryptocurrencies on Earth, which is why the powers-that-be are working to make it harder and harder to obtain. This is why it was dropped from the criminal/fraudulent Ponzi scheme known as Binance recently.
I see good things coming for those who hold this crypto in terms of usage.
Good luck, and always use a stop-loss
XMR - The STRANGEST (and EASIEST!) Chart 🤔📉Hi Traders, Investors and Speculators of Charts📈
If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1.
Monero / XMR is an altcoin that still has massive upside potential for the coming bull season. But when analyzing Monero, I came across something rather interesting or strange; unique to the XMR chart - the candles follow a perfect quadruplet set of diagonal support lines!
Usually, and you may be more familiar with this, you will see horizontal support zones, for example:
But on the XMR chart, the trendlines of both support and resistance are diagonal, rather than predominantly horizontal like most other charts. After finally identifying this interesting trend, we can now readily set buy/sell zones. For example:
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
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"Monero Roars: Bull Run Signals Potential Multi-Year Rally!"Monero (XMR): Chart Analysis Indicates Multi-Year Bull Cycle Amid Privacy Focus
Monero (XMR), a leading privacy-focused cryptocurrency, is captivating the attention of traders and investors not only for its unique attributes but also for the compelling price setup that suggests a potential multi-year bull cycle ahead.
Privacy at Its Core:
Monero isn't just another cryptocurrency; it's a digital asset engineered for privacy and anonymity. Utilizing cutting-edge cryptographic techniques such as ring signatures, stealth addresses, and confidential transactions, Monero ensures that users' financial activities remain shielded from prying eyes. In an age of increasing surveillance and censorship, Monero stands as a beacon of financial sovereignty, offering individuals the ability to transact freely and privately, without fear of surveillance or censorship.
Community-Driven Development:
Monero's development is steered by a passionate and decentralized community committed to advancing the principles of privacy, security, and decentralization. Unlike many cryptocurrencies, Monero has no pre-mine or founder's reward, ensuring a fair and equitable distribution of coins from the outset. This grassroots approach to development fosters innovation and ensures that Monero remains true to its core principles.
The Price Setup:
Against the backdrop of Monero's privacy features and community-driven ethos, its price chart reveals a compelling setup that hints at a potential multi-year bull cycle. Technical analysts have identified what appears to be a six-year cup and handle pattern—a bullish formation that typically precedes prolonged periods of price appreciation. The cup formation, which began around 2018, showcases a gradual accumulation phase followed by a consolidation period characterized by relatively stable price action. In recent months, Monero has shown signs of breaking out from the handle formation, with price movements suggesting a potential upward trend continuation.
Implications for Investors:
For investors seeking exposure to a cryptocurrency with strong fundamentals and growth potential, Monero presents an enticing opportunity. If the cup and handle pattern indeed materializes into a multi-year bull cycle, investors could stand to benefit from significant gains over the long term. However, it's essential to approach investment decisions with caution and conduct thorough research, considering factors such as market volatility, regulatory developments, and macroeconomic trends.
Conclusion:
In conclusion, Monero embodies the principles of privacy, security, and decentralization in the digital asset space. As its price chart suggests the potential for a multi-year bull cycle, investors are presented with an opportunity to participate in the growth of a cryptocurrency that prioritizes privacy and financial sovereignty. While the outcome remains uncertain, Monero's fundamentals and technical setup offer compelling reasons to believe in its long-term potential.
XMR is bullishXMR is closing monthly November candle with very bullish price action which implicates there should be more upside in December.
Always manage your risk and use stoploss. Not a financial advice...
Bullish time at MoneroI have a big bullish target for monero at previous analysis, and today I found another bullish pattern.
After symetrical triangle resistance broken (previous analysis),
we have diagonal support line (black). This support will be a good line to hold next bearish movement if we have pullback.
Monero also touch fibonacci 0.618 support with a big shadow, 1.618 profit projection at $185.51 will be a good target for now.
$174.72 previous high become new bullish confirmation. If this level break up today, we will reach $185.51 target soon.
I will update more about Monero if I found another great pattern
Don't forget to support this analysis,
If you have any question, do not hesitate to contact me
Your support at this analysis will also support Monero to reach bullish target
Click here to check my other analysis
Monero Money Flow Picks Up: Should We Continue Trading?The money flow within the Monero ecosystem has recently picked up, leaving me wondering whether we should continue trading this cryptocurrency.
Over the past few weeks, Monero has shown signs of increased activity and market interest. The trading volumes have surged, indicating renewed enthusiasm from investors and potentially creating new opportunities for traders like us. Monitoring the money flow within a particular market is crucial for making informed trading decisions.
The recent rise in Monero's money flow has sparked my curiosity, prompting me to evaluate whether we should consider increasing our trading activities with this digital asset. While the reasons behind this surge in money flow can vary, it is essential to delve deeper into the factors influencing this trend to determine its sustainability and potential profitability.
We must engage in an open discussion about the current state of Monero and its prospects. Together, we can analyze the market dynamics, assess the potential risks and rewards, and ultimately decide whether it is wise to continue trading Monero.
Therefore, I kindly invite you to share your insights and opinions. Your experience and expertise in the trading field would be invaluable in helping us make an informed decision. Please feel free to voice any concerns in the comments or questions regarding Monero's recent money flow surge or other factors that may influence our trading strategy.
I look forward to your response and the opportunity to continue our trading journey with Monero.
#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.
Moneo(XRM) Nothern Journey beginsMonero bulls defended $152 support- Is $168.8 achievable
Strategy Bullish
Profit Target 168-172
If Break above 179USD and 3days closing successfull above 179 The strategy turns to Tend Strategy Bullish
Risk Management: Proper trailing stop
XMR dropped to its previous parallel channel’s mid-level of $152 after BTC retreated to $26K on 28 March. The $152 level also coincided with the Fixed Range Volume Profile’s POC (point of control) line, which attracted increased trading volume.
The recovery blasted above the local resistance at $157.6. Bulls could push XMR to $168.8 if they clear the obstacle at $165. A strong BTC upswing into FWB:29K could tip XMR to target other key resistance levels, including $179 and $187.
A close below $157.6 could attract bears into the market. However, bears must clear the $152 hurdle to gain market leverage to sink XMR to $145 or $135.
The Relative Strength Index (RSI) dropped but rebounded and was above the 50 mark at press time, showing increased buying pressure in the past few days.
Similarly, the On Balance Volume (OBV) exhibited an uptick, showing XMR saw increased trading volumes as demand soared in the past few days.
Monero registered mixed performance in Q1, 2023. It appreciated by 40%, rising from $148 to $187 in January. In February, it consolidated before sustaining a price dump in mid-March, sinking it to $135. But XMR saw aggressive demand at the $135 level, setting it up for recovery.
Bitcoin zoomed to the FWB:29K level before retreating to $28K – indicating a bullish sentiment despite the increased U.S. regulatory pressure on the crypto industry.
If BTC reclaims the FWB:29K and surges upwards, XMR could attempt to retest or break above a crucial stiff resistance level.
In addition, XMR saw more liquidation of short positions than long positions. About $45.5K in short positions were liquidated in the past 24 hours, while only $3.7K in long positions were wrecked in the same period.
It shows short-positions were paying long-positions – an underlying bullish sentiment that could boost the uptrend.
But investors should track BTC’s price action to determine whether XMR could overcome the obstacle at $165.
W10-2 XMR BULLISH IDEA (DOUBLE BOTTOM)
The price has pulled back from the double bottom, and it is expected that it will break out the neckline at 156.05.
The double bottom pattern and bullish divergence are formed simultaneously.
potential bullish entry at the breakout of the neckline at 156.05SL and TP levels are defined.
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
Xmr analysis forming descending channel in h2 timeframe incase of breakout expecting 20 to 25% bullish move
wait for confirmed breakout for entry
XMR Monero Showing Signs Of New UptrendThe 45m chart is passing the 200ma. It's working on getting above, if it can find support above this is bullish for immediate price action.
The 4h chart has a good squeeze indicator and Directional Index is trending positive.
Monero has a good deal of % gain possible before running into previous highs that might be resistance.
This is a High Risk Long, but if XMR starts a run, the daily chart shows great historic upside potential.
Monero coin (XMR) formed bullish Shark for upto 32.50 moveHi dear friends, hope you are well and welcome to the new trade setup of Monero coin (XMR) with BTC pair.
Our last successful trade of XMR was as below:
Now on a weekly time frame, XMR has formed a bullish Shark move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Monero coin (XMR) formed bullish BAT for another price reversalHi dear friends, hope you are well and welcome to the new trade setup of Monero coin (XMR) with BTC pair.
Previously we caught almost 50% pump of XMR as below:
Now on a 4-hr time frame, XMR has formed a bullish BAT pattern for another price reversal soon.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
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
Monero longMonero is bouncing off the Fibonacci 0.618 retracement zone which is also in line with the support area. Bullish movement to resistance level at 185 is expected to happen.
XMR ScalpAppears to be in a three drive pattern on a short term trade. If you like to scalp then you could probably consider this one. Show me some love if I make you some money
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) was closing in on a one-week high on Thursday, as market volatility eased a week on from the FTX collapse.
XMR/USD raced to an intraday high of $132.97 in today’s session, which comes a day after trading at a low of $127.09.
Today’s move saw monero hit its highest point since last Friday, and it is now marginally below a ceiling of $133.50.
Looking at the chart, earlier gains have somewhat eased, as traders became nervous the closer price moved to this ceiling.
The 14-day relative strength index (RSI) also collided with a key resistance level of 43.00, and as of writing is tracking at 42.09.
Should bulls intend to move prices above $133.50, this ceiling of 43.00 will need to be broken first.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
XMRUSD Bullish Short-Term & Long-Term Monero is showing strenght during the last weeks, compared to the general crypto market.
So Macro looks strong for XMR even during these times of Crisis.
As for the short-term price, we could easily reach 300$ , before consolidating sideways for a period.
The price-target for the next 4-6 months should be around 500$ , since we clearly broke out of the Falling wedge and thus indicating 500$ as probable Target to complete the larger breakout of this Pattern.
I have tentatively and roughly drawn a line with several swings, at different Key FIB levels (just for the sake of the larger picture)
So that's it, just press the Buy button, take your coins of exchange and Relax this Spring & Summer!