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Xmrusd

XMRUSD forming bullish Shark | A good long opportunity aheadIn my previous post of Monero with Bitcoin pair we have seen that on 3 hour based chart the XMR with Bitcoin pair was forming bullish BAT then finally as per prediction the priceline entered in buying zone and and hit the sell targets. Formation of new Shark pattern: Now again on short term hourly chart the price action of Monero is forming bullish harmonic Shark pattern like some other top 10 alts and soon it will be entered in potential reversal zone. Buying And Sell Targets: The buying and sell targets according to harmonic Shark pattern should be: Buy between: $52.91 to $52.45 Sell between: $53.37 to $54.36 Stop Loss: The potential reversal zone area which is up to $52.45 can be used as stop loss in case of complete candle sticks closes below this level. Possible profit and loss ratio: As per above targets this trade has the profit possibility of 3.64% and as per above mentioned stop loss, the loss possibility is 0.88%. Note: This idea is education purpose only and not intended to be investment advice, please seek a duly licensed professional and do you own research before any investment.
BITFINEX:XMRUSDLong
by moon333
MoneroStock Symbol: XMRBTC Opportunity for long bull cycle on the monthly. Tight compression after huge amounts of downfall. Like I said previous on monero I'd be adding to this position.weekly is showing crossover to the upside. Let's walk with it. True privacy coins hold the most value. Monero is one of my top 5. Diversify and use 5% stoploss ---------------------------------------------------- We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal. Use Promo Code: FIRST100 to receive $50 off of your course! First come, first serve / Code valid for first 100 buyers. Normal price $99 --------------------------------------------------- Thank you for your continued support, God bless you though these times. - Major League Trader
XLong
by UnknownUnicorn2319099
XMR has completed bullish setup for 584% big moveHi friends hope you are well, Since Jan 2020 the Bollinger bands on month chart is getting squeezed and priceline was moving sideways indicating that the price action might have found a support here. After recent bearish move the priceline has 1st time hit the lowerbands of Bollinger bands and turning bullish now we can expect after this bounce the price action may attempt to hit the upper bands of Bollinger bands soon. Formation Of Parallel Channel: On week chart after hitting the $38.50 price the price action has found the support at $44 and since Dec 2018 the price action is consolidating here and moving sideways. In the meanwhile the candle sticks are moving up and down and formed a parallel channel and the resistance of this channel is at $121. channel is very firm as the resistance or support are not broken since Dec 2018. This time after recent bearish trend the price line has again hit the support of this channel and likely to move up. Oscillators and indicators: On week chart the moving average convergence divergence is turning bullish and RSI has also turned bullish. The stochastic is also likely to give bull cross very soon. The bullish Crab move: The recent bearish trend has helped many tokens and cryptocurrencies to complete their final bearish legs to form bullish patterns and Monero was also one of them. On 2 day chart the XMR formed a bullish crab pattern at the support of the parallel that the Monero has formed on the weekly chart. And as per Fibonacci sequence the priceline was suppose to take the bullish divergence and move up from the potential reversal zone of this bullish Crab. I also published this Crab move in my article on 17th of March 2020 and now at this time the priceline has moved up as per prediction and entered in the Fibonacci projection of A to D leg of this bullish Crab pattern. A very big bullish BAT pattern move: Now at this time I am again looking at the very big bullish BAT pattern that has been formed by the priceline of XMR on monthly chart. And we can examine that the price action is moving at the support of the potential reversal zone of this very big bullish BAT pattern. Once the priceline will be able to break out from the resistance of the parallel channel that has been formed on weekly chart then soon it will also hit the Fibonacci projection of A to D leg of bullish BAT On monthly chart as well and in this case Movero can produce more than 584% massive bullish rally.
BITFINEX:XMRUSDLong
by moon333
XMRUSD MONERO to ZERO?Wave 5 is on its way or very close to starting. Monero increasing in price on declining volume having hit the top of the channel for the third time and as typical of a wave 4 had broken the channel in both directions. Any spike higher from here will more likely fill my remaining Short ladders than scare me out of the trade. This crash will wipe out many Sh!tcoins, will any of the big boys fail with them? Monero does have targets to $1 but there are confluences at $20 and $10 which could save it.
KRAKEN:XMRUSDShort
by BrazilNutz
2
Monero $XMR predicting the crypto market price movements?So, let me share this interesting speculation based on Monero chart. Now, it's clear that crypto tokens move altogether more or less, and paint the same kind of structures, channels, breakouts, -downs and such. While inspecting different charts of alt coins and bitcoin we have seen the same sort of descending channel - in case of bitcoin, starting since $10K+ and here with Monero since $100 or so. In every chart we have seen the price break the channel floor, leading to that nasty drop with that nasty wick, and so far it has been the bottom since the problems began throughout the markets. We have also seen decently fast recovery in crypto and price have fought its way back to that lost descending channel. Only here in Monero case however, what I've seen, the price movement has already reached the upper side of that same descending channel as well. I don't know what kind of conclusions make of this tbh, either Monero is just ahead of the curve and predicting rest of the crypto markets - or it's in overall just more bullish compared to many other. However, I feel that if the price can breakout of this channel, the drop that many people have been waiting for, may not happen, at least not in such aggressive way we've been prepared to. Soon we see.
XLong
by paskalien