Monero potential very bullish and certainly undervalued LONG XMRMonero is a great private cryptocurrency, it has very good fundamentals and a very solid community, acceptable supply and a lot of demand. The long-term potential of Monero is high, right now it is undervalued, in my opinion Monero will reach $ 10k per coin in the next few years. At the moment, I expect a correction below $ 300 to buy at very good prices. From there, a climb towards $ 1k is quietly possible. $XRM
Xmrusd
XMRUSD - Fibonacci levels that may cause support resistanceThese are the general Fibonacci projections on where XMR may go to bounce from to and break.
390 and up should be buying .. i sold my longs at 410 area and rebought into 395 and 390 if ...
Happy trading. www.screencast.com bitcoin is the help that is needed
to make monero continue higher. why i have included a Fibonacci based chart.
If you want to learn how Fibonacci is automated the way we do it .. check out our site.
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XMRBUSD - Zone of SupportA confluence of Western Technical indicators identify a zone of support suitable for placing buy orders.
Entry: 220
SL: 200
T1: 280
T2: 320
RR: 3.0, 5.0
3M: Pivots PP
1D: Bollinger Band Lower
1D: Fibonacci 61.80% retracement, EMA 144
1D: Ichimoku Senkou A
The Monero XMRUSD Road Towards the Megabull - Up to 3,000% GainsHello All!
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Although the historical data is very little on Monero, this simple comparison seeks to compare the Megabull of 2017 against the current 2021 Megabull as seen as the blue fractal on the chart. The idea here is pretty straightforward, and like I said before in previous publications "History Doesn't Repeat Itself, but It Often Rhymes" and in this case I expect an action not similar but close enough.
Short-term, Monero has still not broken the previous ATH at $478~ so buying know at $315 is still an early entry.
In the incoming weeks, I would expect Monero to start defining a bull parallel channel or ascending channel on our log channel in the incoming months which will be the road to either the $4,000 first Megabull target or the second Megabull target at $10,000-12,500 around Oct-Dec 2021. Privacy coins like Monero and DASH tend to be very popular during the Megabull and offer such generous gains.
Summary of the Megabull / Bull Market Targets by Oct-Dec 2021:
$4,000
$10,000-12,500
Looking at few years from now, we can expect a multi year bear market to form a rounding bottom at $1,660-1,460 on Monero.
Assuming you purchase Monero close to the $315 levels, you still can make a maximum of 3,000% gains if this trade plays out as expected.
Best of luck and happy trading!
Carl M.
XMR Buy a break setup.XRMUSDT - Intraday - We look to Buy a break of 332.3 (stop at 318.9)
Daily signals are bullish.
Price action continued to range between key support & resistance (310.0 - 331.0) although we expect a break of this range soon.
A break of bespoke resistance at 331.0, and the move higher is already underway.
The previous swing high is located at 345.0.
We look for gains to be extended today.
Short term bias is bullish.
Our profit targets will be 369.3 and 389.6
Resistance: 331.0 / 345.0 / 360.0
Support: 320.0 / 310.0 / 300.0
XMR Price Is All Set To Break Above $500XMR Price traded at $326 with a gain of 5% in the last 24-hour and 16% up in the weekly time-frame. Furthermore, XMR bounced back from the support of $288. In contrast, the market capitalization stands at $5.79 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above all the EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the TP- 1 of $500 in future trading sessions.
TP- 1: $500
Support: $288
Monero: Movin' Lower?To stay up-to-date with the latest market developments, be sure to subscribe to Kraken Intelligence at kraken.com
What Is Monero (XMRUSD)?
Monero (XMR) was among the first cryptoassets to feature cryptography that offered real advances in privacy and fungibility over available alternatives. Its key differentiator was its ability to allow users to send and receive transactions without making this data available to anyone examining its blockchain.
As such, Monero is often classed with other privacy cryptocurrencies such as Zcash that have sought to address privacy weaknesses in Bitcoin. This, in turn, enables bitcoins to be traced, making them less fungible, as companies are able to identify and blacklist coins involved in suspected criminal enterprise, as an example.
Monero’s origins are more comparable to Bitcoin’s, involving a small online tech community that grew quietly over time as the project gained credibility and market share. Monero’s software is programmed to update every six months, a regular schedule that has helped it more aggressively add new features without much controversy. This has meant that Monero has been able to continue to introduce cryptographic advances like stealth addresses (which allow users to create one-time addresses) and ring confidential transactions (which hide transaction amounts).
XMR Statistics:
Market Capitalization: $5.8B
CryptoAsset Rank: #25
24-Hour Return: +2.5%
7-Day Return: +20%
From All-Time High: -34%
Technical Setup:
When looking at the XMR 1D chart, we'll see that XMR is clearly in a broadening ascending wedge. As a matter of fact, XMR just tested the wedge's resistance for the 5th time in the past 6 months or so.
With XMR having failed to punch through the wedge's resistance, one could expect history to repeat and XMR trend back down to its 50D SMA (currently $237) in the forthcoming days/weeks.
Note that every time XMR tests the wedge's resistance, XMR mean reverts back down to or through its 50D SMA.
This mean reversion lower would be congruent with XMR's valuation relative to BTC trending lower after failing to punch through 0.00575 BTC resistance for a second time in a row. Double top, anyone?
XMR Buy the uptrend.XMRUSDT - Intraday - We look to Buy at 312.2 (stop at 299.6)
Daily signals are bullish.
We look to buy dips.
Dips continue to attract buyers.
20 4hour EMA is at 311.1.
Trading close to the psychological 300.0 level.
We continue to expect further losses to be limited and look to set longs for a further drive higher within the channel.
Our profit targets will be 348.8 and 368.8
Resistance: 330.0 / 350.0 / 380.0
Support: 315.0 / 300.0 / 280.0
Compound profits. Only adding on dips until full retracement of the Bear cycle and new ATH.
I am not a good trader but this trade will print, undoubtable.
XMR / USD - Trading Idea>193, TGT - 250, SL = Take calculated risk
Wait for candle to close above 193