Keep an eye on the Monero. The Bitcoin replacementWe are on the long term resistance. If it breaks out, you can expect 100-120ish or even higher.
Set XMRUSD to your alert. Fundamentally, Monero is better than bitcoin . Give it time and XMR will take over the market. Get in early and HOLD.
or
trade that beast when it breaks out.
The only issue in this pattern is the lack of volume IMO. Need more volume for a powerful break out. Remember that we are in crypto Volume can pop out of nowhere ...
Xmrusd
Monero (XMR) Price Prediction 2020 | Complete Long Term AnalysisLong Term Bearish Move:
The price action of Monero has been moving down with strong bearish trend since Jan 2018 after hitting the highest price of Dec $477.
In the meanwhile it has been giving us many short term and midterm trading opportunities but on a bigger view it has been down and finally touched $38.50 in Dec 2018 that is the lowest price from Dec 2019 up till now which is more than 91% loss.
Since Jan 2020 the Bollinger bands on month chart is getting squeezed and priceline is moving sideways indicating that the price action might have found a support here.
Formation Of Parallel Channel And Double Bottom:
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.
Now we have 9 touches at resistance and 12 touches at support, this channel is very firm as the resistance or support are not broken since Dec 2018.
This time after hitting the support the price action is again bounced to hit the resistance soon.
Here we have also a double bottom formed by the price action which can lead to breakout and a very strong bullish move.
Oscillators and Momentum:
On week chart the moving average convergence divergence is turned strong bullish and RSI has already visited the oversold zone since May 2019 to Nov 2019 and when the price action took bullish move in Nov then after some bullish move it took some corrective move and pulled back and went in oversold zone again then turned strong bullish again.
This RSI move is very healthy which confirms the firmness of bullish trend on the other hand momentum is also turned strong bullish and we have received this strong bullish signal from momentum after Mar 2018.
The Harmonic Move:
The strongest signal in favor of bulls is the formation of harmonic bullish BAT pattern on month chart.
This pattern was started since Nov 2016 and now it has been completed, lets have a look on the pattern how perfect this pattern is formed:
The initial leg (X to A) was started in Nov 2016 and completed in Dec 2017 after 1st leg the price action has retraced between 0.382 to 0.50 Fibonacci (here I have ignored some extra spike), then B to C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg and finally we have C to D leg which is retraced between 0.786 to 0.886 Fibonaaci and this is the potential reversal zone of this BAT pattern. Now from this PRZ area we can expect the bullish divergence at any time and realistically the price action can easily hit the 0.382 to 0.786 Fibonacci projection area of A to D leg and the buying and sell targets would be as below:
Buy between: $107.43 to $60.58
Sell between: $219.65 to $389.87
So this trade has potential to give upto 357% profit
Regards,
Atif Akbar (moon333)
XMR / BTC +30% potential profits setupPrice completing double bottom pattern, now fixed above its resistance it can go up very hard.
Monero Is The Second Coming of Bitcoin “Monero is what Bitcoin noobs think they bought, which is fungible, digital, sound money.” - Dr . Daniel Kim
Personally, I feel that Monero is what Bitcoin wants to be and is trying to be. As the crypto market matures we should expect Monero to take a permanent spot in the top 5 on market cap.
$XRM - New move for daily trade ?Crossing area with :
- Ascending Trendline
- Symetrical Triangle
Not a Financial Advice
Monthly EMA ribbon & Daily MA 600 offer resistance to MoneroHere are some details. We are possibly in a Wave 1 for XMR. We are having a possible W formation on the weekly chart.
Short term i see a retracement...
Trap Zone for Fomo fishers : 89.60$ to 103.57$
Buying zone : 74.55$ to 56.77$
1st Target to reach 206.30$ at the 0.382 fib
2nd target to reach 306.81$ 0.618 ... (if o.382 fib confirmed a support on a daily close) (Counter trend rally).
XMR/USD vague 3 objectif 68 usdLe Monero est en ligne pour aller chercher une résistance long terme situé aux alentours de 73 USD.
La vague 3 en violet à son premier objectif vers les 68 USD. Si cet objectif devait servir de résistance et renvoyer le cours vers le bas nous reviendrions vers les niveaux actuel pour démarrer une vague 5.
Dans une vision plus long terme le précédent plus bas au niveau des 57 USD nous permet de positionner un bas de 4 avec comme objectifs maxi aux environs de 74USD.
Je pense qu'il y aura un échec sur ces niveaux qui nous renverra entre 50 et 60 USD avant de reprendre sur une hausse plus forte encore.
Bon trade
xmrusd 8hour chart best level to buy 60%//120% gain prjsyndicateshort term next 2-4 weeks
bear mode very likely
don't expect gains
best level for buy/hold
traders near 34//40
up to 120% upside
target bulls 34//40.
right now if you want to trade xmrusd
look to short sell any rips.
upside very limited from here.
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XMRUSD formed bullish Shark | Upto 29% bullish movePriceline of Monero / US Dollar cryptocurrency has formed bullish Shark pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 52.949 to 49.193
Sell between: 56.295 to 63.804
Regards,
Atif Akbar (moon333)
XMR These are too many factors influencing growth.
Everyone is looking for a good entry point to Short.
XMRUSD: Trend Reversal SignalThe price bounced from 45.00 support level. RSI confirms the price reversal. MACD histogram supports a possible upward movement.
We have a trend reversal signal based on a bullish divergence. It is possible to buy based on this signal, but it will be better to wait for a breakout above the main downtrend line. If the price can move above the trend line and SMA100, it will give us another bullish signal. This trade will be good if you want to catch a new uptrend movement.
Get out of XMRImminent 'monthly' 20/50 MA-Cross, consistent lower highs for 2 years straight. Exit your long position or balance your trade. Strong-Sell (short) initiated for XMR to 27 with lows of sub 24 within 3 months. Possible quick rebound from there but general down-trend to continue long-term.
XMR/USD LONGXMR/USD
XMR is another pair with USD facing a falling wedge form. XMR recently hit the bottom of the wedge and bounced with a strong green wick in a bullish direction. This was also the touch of the top of a strong support zone. I expect the bounce to continue here to rock outside the wedge and hit T1 at $51. The stoch has already crossed bullish and RSI has bounce off oversold. Right now, everything is pointing upward and I expect the rise to continue. Look for a touch of the 50 MA at T2 at $55, then on to the final target above the 100 MA at 60. Expect a top close to here as we reach the previous bounce high, recommended to take profit following the according profit lines.
Possible Entries: $47.00-47.40