Monero bigger correction before the bigger upside move!!!Just finished first move up guys, so we expect a bigger correction that eventually will give us the big move up!!!
Xmrusd
A second Chance to Buy in XMRUSDMidterm forecast:
98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 74.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (98.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested support line (98.50).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 14 BUY trade(s) @ 49.70 based on '2-Day Hammer' entry method at 2019.03.12.
Total Profit: 74244 pip
Closed trade(s): 20380 pip Profit
Open trade(s): 53864 pip Profit
Closed Profit:
TP1 @ 56.70 touched at 2019.03.31 with 700 pip Profit.
TP2 @ 65.50 touched at 2019.04.02 with 1580 pip Profit.
TP3 @ 76.30 touched at 2019.04.02 with 2660 pip Profit.
TP4 @ 88.65 touched at 2019.05.15 with 3895 pip Profit.
TP5 @ 100.00 touched at 2019.06.19 with 5030 pip Profit.
TP6 @ 114.85 touched at 2019.06.22 with 6515 pip Profit.
700 + 1580 + 2660 + 3895 +5030 + 6515 = 20380
Open Profit:
Profit for one trade is 117.03 (current price) - 49.70 (open price) = 6733 pip
8 trade(s) still open, therefore total profit for open trade(s) is 6733 x 8 = 53864 pip
All SLs moved to Break-even point.
Take Profits:
TP7= @ 137.95
TP8= @ 149.10
TP9= @ 168.70
TP10= @ 230.10
TP11= @ 298.90
TP12= @ 372.35
TP13= @ 447.10
TP14= Free
A second Chance to Buy in XMRUSDMidterm forecast:
98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 74.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (98.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested support line (98.50).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 14 BUY trade(s) @ 49.70 based on '2-Day Hammer' entry method at 2019.03.12.
Total Profit: 74244 pip
Closed trade(s): 20380 pip Profit
Open trade(s): 53864 pip Profit
Closed Profit:
TP1 @ 56.70 touched at 2019.03.31 with 700 pip Profit.
TP2 @ 65.50 touched at 2019.04.02 with 1580 pip Profit.
TP3 @ 76.30 touched at 2019.04.02 with 2660 pip Profit.
TP4 @ 88.65 touched at 2019.05.15 with 3895 pip Profit.
TP5 @ 100.00 touched at 2019.06.19 with 5030 pip Profit.
TP6 @ 114.85 touched at 2019.06.22 with 6515 pip Profit.
700 + 1580 + 2660 + 3895 +5030 + 6515 = 20380
Open Profit:
Profit for one trade is 117.03 (current price) - 49.70 (open price) = 6733 pip
8 trade(s) still open, therefore total profit for open trade(s) is 6733 x 8 = 53864 pip
All SLs moved to Break-even point.
Take Profits:
TP7= @ 137.95
TP8= @ 149.10
TP9= @ 168.70
TP10= @ 230.10
TP11= @ 298.90
TP12= @ 372.35
TP13= @ 447.10
TP14= Free
XMRUSD Double Phase Climb Towards 149 and 288 LevelsLookout for two targets: 149 during September 2019 and 288 during December 2019.
XMR needs to push hereXMR continues to remain stuck under this very strong supply zone
A break and hold above is needed before entering a long position
Upside target outlined in the chart below
BTC - Wait for signalBTC hit the edge of the resistor where there was a weak sales response. This fact points to the fact that merchants are waiting for a value of about 10k USD where we expect a stronger sales response. This does not mean that BTC turns the trend. It is very important to wait for this level and signal which BTC will offer us. If the signal is bullish will occur after correction for re-growth. Such a signal will be closing above the value of 10K USD strong bullish candle
XMR USD longlog trend break , horizontal resistance break , 3 day 50sma break , alt market heating up ..
stops under the last low probably 50 or so
target $85
Moner [XMRUSD] Price analysisPrice easily can go to 140$ or even higher, at the moment we consolidating in triangle pattern, and as you probably know by now this pattern could break to up and downside, there is 50/50 ratio so I am waiting for it and ready for both scenarios. Keep your eye on this dark pony :)
MoneroXMRUSD formed triangle and soon we will break up resistance line of triangle.
MA 50 and MA100 aready cross - signal for buy
Also you can see how MA100 and MA200 soon cross
XMRUSD Burnout PushXMRUSD using the lasts of its jet fuel to push $85
Descending volume + ascending triangle = down
1H Stoch making its way to the bottom will probably pull price with it
Monero lagging behind bitcoin: Eliott wave analysisI've been taking a look at Monero, and this coin looks interesting:
1. It didn't climb a lot since the low in December
2. It XMRUSD basically looks EXACTLY the same as BTCUSD
3. It's doing the same as bitcoin, but lagging behindt
4. It's now where bitcoin was 1-2 months ago
5. The coin itself is interesting because of fundamentals, anonymity etc
So, I have to revise my last analysis, which was based on an older idea for bitcoin.
But now that bitcoin is confirmed in ultra berserk mode, we of course also have other implications for altcoins.
So the above points, together with an Eliott wave count, let me believe that XMRUSD will see a nice rally, basically mirroring
BTCs rally, but with delay.
We currently haven't even started wave 3 yet in XMR, while BTC has done wave 3 and hit it's peak at 7500, currently waiting for wave 5 to 10k.
If nothing crazy or unforeseen happens to bitcoin, I think the likelihood for an XMR rally is high.
Of course, the really insane altcoin rallies will start in 2020+, when we'll see good old x10 and more :)
XMR Bear Cycle CompletedWelcome back!
Today I wanted to go over one of the large caps because they are the ones that lead the market.
XMR is a great long term cycle because it has proven itself with Bitcoins bear cycles previously.
I like this set up for a couple reasons...
First off, we have a very strong trend that went uber parabolic in the last cycle. This created a 1,3,5 Elliott Wave sequence,
and with the breakout of major descending resistance we have now made the first indications that this bear cycle is over.
From where were at now, I would expect us to continue higher to my target at $150.
I also noticed a pattern thats playing out compared to the last bear cycle that is almost exactly the same.
These cycles often repeat the same cycles in different forms but the resemblance is near exact.
Will history repeat itself? Only time will tell but, I am bullish.
XMRUSD Golden CrossXMRUSD Daily chart Golden Cross. Falling volume looking like a bullish spring for price.
