Xmrusd
XMR - 6h. Sellers are preparing for the test of $120-125On January 10, there was a fierce struggle in the XMR market for the range of $168-172. Volatility that day was rampant and the prospect of continued growth as well.
Trading volumes were abnormally high. On this day, the price of XMR fell sharply and hit the mark of $120 in 2 weeks.
The new buyer's attack on January 27 looks much weaker. Particularly low volumes near the critical range of $168-172. At the moment, buyers look weak and unable to keep this range.
If sellers take control of this range - globally we will expect a repeat test of the range of $120-125.
Given the high probability of BTC correction , scenario for continued growth to the mark of $200 is still alternative. It will become the main one after consolidating buyers over $168-172
P.S. Our global idea was to turn around from $ 172.5
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Don't forget MONEROMonero is a privacy coin that looks like it's forming a really well defined double bottom against btc, this is a great place, a bounce form here would be wicked and you can stop loss just under the current low if you want to play super safe.
XMR starting its Bull Run XMR has overcome a major resistance area and we can definitely see the start of a proper run here. We are looking to ladder longs once XMR has come back and tested this area as support. This will offer us less risk on our position and more reward.
XMR has not even started its bull run yet and has a long way to go to get there. We are looking at capitalizing on this and many other alts which still hasn't seen their turn.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
XMR Buy a break setup.Monero - Intraday - We look to Buy a break of 156.1 (stop at 152.8)
Daily signals are mildly bullish.
A break of bespoke resistance at 156.0, and the move higher is already underway.
Pivot resistance is at 165.0.
We look for gains to be extended today.
Our profit targets will be 165.2 and 172.4
Resistance: 156.0 / 160.0 / 165.0
Support: 150.0 / 145.0 / 140.0
#Monero #XMR possible targets for 2021 If the resistance range of $ 160 to $ 180 is broken,
Monero possible targets for 2021 are:
TP1: 285 $
TP2: 500 $
TP3: 850 $
TP4: 1280 $
STOP LOSS: UNDER 116$
XMRUSD Can it? Could it? Would it?Ok here is some fundamentals:
Monero outperforms the crypto market as its dark web use rises - Source -Invezz
Monero leads privacy-oriented coins in year-on-year growth, up 249% in 2020 - Source: FXStreet
While the dark Web has really lead to the use of more Cryptocurrency, due to its untraceable characteristics. We must ask then, what is Crypto mainly used for? Can it be for Adrenochrome harvested from the innocent? Child trafficking? Illegal matters? Red Rums? etc.
Yes it Sure can! and Being that those services are not cheap; some cost fortunes, we can at least draw a correlation between the increase of price and usage.
Now, going off on a tangent, can you only image the wealthy pigs who primarily use Crypto for such purchases.. ? Yaa A LOT.
As I digress, we can see inflation resistant assets, has moved many investors to adopt crypto as a safe haven. Being Covid as A catalyst to say the least.
Furthermore, I wanted to address the elephant in the closet, that being, I notice many people with cult like mentalities on here, whom are very emotional about others who hold opinions contrary to them. In only to advance their infatuation with an intangible currency.
XMRUSD Buy SignalPattern: Bullish Megaphone on 1D.
Signal: Buy as the LMACD just formed a Bullish Cross (previously a sign of an upcoming rise within the Megaphone).
Target: 260.00 (just below the 1.5 Fibonacci extension).
Most recent XMRUSD signal:
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MONERO: THE BIRD ON THE WIREMonero (XMR) looks to be sitting pretty at $141 which is just above its 100 day simple moving average (SMA), now $137.91. The 100 SMA has provided solid support for XMR since it was tested in June 2020. XMR's bullish price trend has seen a series of higher highs and higher lows over the past 6 months.
Monero reached a recent high of $190.22 on 10 January of this year. We have seen a pullback to the 100 SMA after that high. XMR is currently 25.80% off that recent top and therefore looks interesting here.
Furthermore, Stochastics were in the oversold region last week and now appears to be confirming a reverse in trend. MACD looks to be on the cusp of turning positive and the RSI is the final indicator which is improving and at the 48 level, closing in on the 50 level. A cross of the 50 RSI would confirm this bullish set-up.
She is perched on the wire and ready for takeoff. Long XMR since November 2019.
XMR 1D Anonymous coin, loved and appreciatedWe drew the previous global analysis on a 3D timeframe.
But Monero stubbornly does not want to work it out, so it's time to figure out what's the matter on a smaller timeframe.
For 9 months, the price deftly moves upward in a channel, and any attempt to flow the price of an anonymous coin is skillfully bought back.
It is safe to say that Monero most worthy of all withstood the blow from the news of the delisting of the anonymous trio XMR, ZCash and Dash from the Bittrex exchange.
Now the XMRUSDT price is most likely heading to the level of $172.5, where the future vector of the price movement will be decided.
Further, the XMRUSD price from $140 within the channel, will move to update the highs of the year in the range of $200.
Or once again it will aim to test the level of $120 for strength.
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Monero Discounts Incoming! (XMR)Monero has been in a rally for around 300 days.
We brokeout past the recent high of $100 and now I believe we are setting up for a good size pullback.
I have my eyes set on a catch at $100 as a potential major breakout retest, the we will bounce towards the ATH.
My ema dots indicator on the bottom is showing a red dot which is a sign for sell off. The week will close in 1 day which will help me confirm on trend. The candle above is showing compression with sideways movement, with price shifting below the candle.
Can XMR hold this support if BTC breaks down???XMR is trading at a very important support level and with BTC testing that support once again can alts like XMR keep there support in tact. We feel there is a healthy correction on the way. If XMR does break this support we can see it trade as low as the 100 dollar area.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
XMR formed Cypher pattern for upto 40.5% bullsih rally
Hi friends, hope you are well, and welcome to the new update on Monero.
On the weekly chart, the price action of the XMR has completed the final leg of bullish Cyhper and entered in the potential reversal zone. The price action is breaking down the 50 simple moving average but we have another good support of 100 SMA below the buying zone.
Possible profit and loss ratio:
This trade has a profit possibility of 40.5%, and the loss possibility is 10%.
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.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
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XMRUSD it can be a best opportunity to buy the dipHey friends, hope you are well, and welcome to the new update Monero.
On Feb 9, 2020, I shared the idea where the price action of XMR formed a big bullish BAT on the monthly chart, now the priceline has started to move to the upside and so far it has produced more than a 120% rally.
Pivot support and EMAs:
Now if we take a look at the live monthly chart, then it can be observed that the price action also had pivot 1st support below the potential reversal zone that helped well to the priceline to move up. In this rally, the price action has also crossed up monthly exponential moving averages 10 and 21.
Long-term support and resistance levels:
On the weekly chart, the different long-term support and resistance levels can be seen. The price action of XMR has broken out the $100 and $140 resistance levels and re-testing the $140 as support. The next resistance levels would be $140, $260, $330, and $450.
An up-channel formation:
On the same weekly chart, the price action has formed an-up channel and it is re-testing the support of the channel and weekly EMAs 10 and 21 as well.
Ichimoku cloud:
The price action has already broken out the weekly Ichimoku bearish cloud resistance and now re-testing the conversion and the baseline supports.
Another big bullish BAT:
Now if we take a look at the XMR with Bitcoin pair’s 2-month chart, then the Monero has formed another very big bullish BAT and entered in potential reversal zone. This time we again have pivot 1st support beneath the potential reversal zone.
s3.tradingview.com
Conclusion:
The priceline of Monero is re-testing different support levels therefore the re-testing of these supports would be successful then it will be the best buy the dip opportunity.
XMR/USDT 4 Hour Ascending triangleIn this idea we see XMR has reached the ascending triangle at the end of my parabolic fractal. It seems to have pumped out the triangle, found support on top, fell through to apex of triangle (probably due to bitcoin movement) and should now start heading to the upside if Bitcoin cooperates. Right now we are about to see Bitcoin go up and make what I believe will be a double top. This will give XMR a bit of room to run and even if these targets are not hit completely before the correction on Bitcoin we will see a return to these levels in the resulting altseason. If you agree throw me a like and follow me for more unique ideas and concepts that keep you in the gains.
XMRUSDT Did it find support or can it drop more?While BTC has lost almost 1/4 of it's value all the alts are trading lower. For XMR it seems to have found support around the 130 dollar area which has acted as previous support and resistance. This could be a potential bounce for XMR although it might also be too early to tell. BTC seems to be trading against resistance and if it does get rejected we might see all the other Alts trade lower as well.
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Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice.
I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
MONERO DAILY CHART- To look for an opportunity in this currency I would wait for the rectangular area. If the price reaches this area, we will look for signs of a possible turnaround, such as an engulfing candle or a double bottom pattern.
- This area is a good investment opportunity, as we can have a great bullish run if the price goes for its historical highs. If the price turns in this area, we can also cover very easily with a stop losse in break even.
MONERO WEEKLY CHARTXMR has broken the accumulation area where it has been since 2019 with a vertical movement and an increase in volume. We can expect the price in the control zone marked as a rectangle,is an area where a lot of volume has been recorded in recent years according to volume and it is possible that the price will make a pullback to this area looking for such volumes. We can see it on the daily chart.