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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 :)
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by P_S_trade
31
XMRUSD 4W: 1000% gains BEST level TO BUY/HOLD(SL/TP)(SWING)XMRUSD 4W: 1000% gains BEST level TO BUY/HOLD(SL/TP)(SWING) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. previously recommended buying low. READ ENTIRE IDEA BEFORE EXECUTION. 🔸 Summary and potential trade setup ::: XMRUSD 4weeks/candle chart review ::: accumulation in progress now ::: 1000% gains is not a typo ::: potential C*H setup BULLS ::: focus on BUY/HOLD near ::: range lows later ::: right now CORRECTION MODE ::: 50%+ sit it out and buy low later ::: LONG RANGE OUTLOOK ::: this is not for short-term traders ::: accumulation NOT COMPLETE YET ::: 1000%+ gains still possible ::: currently trading near range highs ::: BUY/HOLD setup TP +1000% ::: previously recommended buying low ::: up to 1000% gains possible later ::: SPECULATIVE SETUP ::: do your own due dill ::: and use proper risk management ::: TP bulls is +1000% gains ::: details: see chart ::: SWING TRADE: BUY/HOLD IT ::: AFTER 50%+ correction!!! ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION ::: Sentiment short-term: PULLBACK/RANGE LOWS RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
XLong
by ProjectSyndicate
5
XMRUSD H8: STAGE2 DUMP 50%: SHORT IT from 300USD(SL/TP)(NEW)Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates XMRUSD H8: STAGE2 DUMP 50%: SHORT IT from 300USD(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as SHORT because I expect CORRECTION once we hit 300USD. 🔸 Summary and potential trade setup ::: XMRUSD 8hour chart review ::: heavy resistance overhead at 300USD ::: BEAR FLAG in progress now ::: in previous downtrend - expect more losses ::: measured move correction ::: Previously similar distribution setup ::: In April/May 2021 before 40%+ DUMP ::: BEST level to SHORT is near 300 USD ::: BULLS stay out until correction is over ::: BEARS can short from overhead resistance ::: 300 USD heavy resistance won't pass ::: Stage2 50%+ correction possible/likely ::: currently no trade setup for active traders ::: shorting near range highs makes sense ::: 300 USD is heavy resistance / SHORT IT ::: TP BEARS is re-test of 150 USD ::: recommended strategy: SHORT 300 USD ::: good luck traders! ::: SHORT HIGH and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: PULLBACK/2/50% ::: Sentiment outlook short-term: FINAL PUMP/300USD RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
XShort
by ProjectSyndicate
3