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Xmrusd

XMRUSD analysis (request for jreback)This was more of a request from another member @jreback Just to be clear I'm not trading this market right now. First thing I see is the ascending wedge that formed back at the start of July, this is one of the only types of Break out patterns I trade to the Upside as it generally offers great Risk to Reward and fast price action with very little market structure to clear to the left. How ever the failure on the squeeze saw selling pressure take over and win this battle so more downside coming. Current market structure is a slow bleed as we find new lows, the support level marked is formed from structure back on the uptrend a few months ago. One thing i noticed is the large volume spike over the last few days didnt really have the price action you woul expect and noticing 5 short candles with large wicks to the upside tells me a lot of that volume spiking is sellers pushing price down as there is obviously a large supply at that level. Im assuming this may continue to bleed lower over the next week or so and would look for a new reaction on the candles when coming to that support level around 171. Watch those 2 small circle areas from the lower support of this range, an early break could see a much faster drop imo.
XShort
by DeNomics
Crypto Consolidating TighterAs time marches on past the most recent crypto crash virtually all the major cryptocurrencies are consolidating into tighter and tighter ranges. Whe price consolidates it builds up momentum. The longer the consolidation typically the more violent the move to break it. Do not be lured into the best of reasons from the smartest of people that there is only ONE way for price to go. The cold hard fact is that anything can happen and bullish or bearish is a 50/50 probability. Position yourself accordingly.
BITFINEX:LTCUSD
by norok
5
Wink for a friendHi, Here is a possible long trade for XMR on the 4H. Maybe... An ascending triangle has formed. With a lower highs and nearly flat top. On the 1H, the RSI is above 50. it has bounce on it recently (06.07.2021, 01h00). On the 4H, the RSI is also above 50. Relatively neutral. I see higher high and lower high on the RSI (Maybe it is a sign of bullishness) Stoch is also bullish on the 4H, just cross up. I think it can be a possibility to buy around the trend line, joining the lows. This is not financial advise.
Long
by danywaystrige
💡Don't miss the great buy opportunity in XMRUSD @monero Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (199.27). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 46. Take Profits: TP1= @ 222.66 TP2= @ 244. 05 TP3= @ 274.92 TP4= @ 307.92 TP5= @ 344.90 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 / Crypto 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 ❤️
Long
by ForecastCity
9
💡Don't miss the great buy opportunity in XMRUSD @monero Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (199.27). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 46. Take Profits: TP1= @ 222.66 TP2= @ 244.05 TP3= @ 274.92 TP4= @ 307.92 TP5= @ 344.90 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 / Crypto 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 ❤️
Long
by ForecastCity_World
18
XMR Analysis of 4y Monero Price Movement and Yearly ExpectationsMonero is probably one of the few old cryptocurrencies that has retained its value in monetary terms, as well have the main old-school function of the crypt - anonymity! Crypto anarchists who value the anonymity of the crypt, buy XMR and hold for years , and such actions allow the price of XMRUSDT to adequately keep on the global chart. Today we will look at the XMRUSD chart on a 3D timeframe, touching the previous 4 years of trading and try to look into the future for a year) In December 2017, the maximum value of Monero was established - $478 . After that, XMR holders had a difficult 3 years (1 year of decline + 2 years of consolidation at the bottom) + 1 year of growth. And now, after +/-1230 days. At the beginning of May 2021, the price of XMRUSDT was able to renew the maximum , setting it at a new level of $519 But literally, a few days later, it became clear that this was just a false breakout of an important level. And already on May 19, when the entire cryptocurrency market was fall, it became clearly visible on the XMRUSD chart at what price XMR investors are ready to buy this asset in addition. The mirrored level of $115-125 has shown its importance 4 times over the past 4 years. In the fall of May, it was from there that an aggressive buyout took place. The drop of Monero was -75%, which is higher than the average in the crypto market during this period. However, there is also a positive factor. Today, when the price of BTCUSD is again dropping towards the critical 30K$ and most of the alts are surpassing BTC in the rate of decline, and some are even preparing to renew the minimum of the last month, the price of XMRUSDT is being held with dignity, long-term investors are not selling yet. What we saw on the chart makes us think and assume that the price of XMRUSD will most likely not fall below the critical zone of $152-162. In this case, a global pattern can be formed on the chart to continue the " Cup with a handle" trend. The upper target of such a figure, after fixing above $500 , will be around $1800 per XMR. It is also always worth keeping in mind an alternative scenario in case the price of BTCUSDT will drop below $28,000 in the near future and continue to move down, then altcoins will not be able to resist this trend. In this case, the global zone for buying Monero for the long-term long will be at the range of $50-80 Write in the comments which scenario of price movement you prefer, and what developments you expect. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
X
by P_S_trade
31