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Xmrusd

XMRUSD: First Target hit. Approaching the last one.TP = 75.792 hit as the price broke the previous 1W support aggressively (STOCHRSI = 0.000, Williams = -96.586, CCI = -263.5802). 1W indicates the MA200 = 62.982 as the buy spot but technically we put the demand zone within 54.850 - 64.104, just a plain range around the the 1M MA50 = 57.483. Our next and final TP for Monero's bear cycle is still 64.104, which will complete our shorting strategy of the past 10 months. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
BITFINEX:XMRUSDShort
by InvestingScope
5
XMR Monero a quick inverse H&S long.*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY*** We just noticed abnormal trading volume increase on Bithumb. You can check it yourself on coinmarketcap. Technically we are seeing an inverse head and shoulders chart pattern on 1D chart, which gives us 42% potential risking only 6%, the risk/reward is pretty amazing here. We purchased a new self-made indicator yesterday to better visualize whale accumulation, the indicator is also showing bullish. The only problem here is the lack of liquidity is preventing me to trade heavily on it. We'll collect as much as we can before breakout.
Long
by JoE
1
LONG XMR Fractal Turning Point for MONEROGeneral: The market ist resting and preparing for Bullish setups. Bullish on XMR USD and BTC -0.90% pair / Factal Pattern. About the Fractal: This is a long Term analysis and am very konfident this pattern is going to play out. we currently finished the last zone and are heading into the first uptrend zone for Monero. Like If you appreaciate. Feel free to tip so i can start doing this on a regular basis. BTC -0.90% / Bitcoin: 1GLr5xkEQonUBquXjLQWoxhT5BSxdTpkur
XLong
by pirovz
Monero transaction cost went down by 97%After the recent Monero upgrade, mentioned in our previous idea, XMR transaction cost went down by 97% That is extremely positive news for Monero, which by now, should have already been digested by the market. But at the same time, Bitcoin downtrend could have affected the price of Monero, holding it back from the potential growth. Maybe, after BTC price will find the support, stabilizes or reverse to the upside, XMR will enjoy a fast and strong recovery. Investors should pay attention to the current price of Monero as it sits right on the support, failing to break below. Currently XMR is trading near very important physiological support, that is $100. Not only it's a round number, but also a Fibonacci level - 61.8% and $88.6%. It makes it a very strong level, that will not be left without massive attention. Investors are likely to watch the low produced on the October 12, which is $99.55. Daily break and close below, will substantially increase the risk of further downtrend. In that case, price can reach next support at $90. On the upside, if support will continue to be respected by the market, Monero should reverse to the upside, or at least continue the consolidation. Strong resistance is located at $115 area, which is 61.8% Fib resistance level, that goes along with the high trade volume price. Break above $115 should invite more buyers and price can reach the $125 resistance. All in all, Monero remains a very attractive coin, especially considering the fact that price remains above the $100 mark. Nevertheless, there was no confirmation of the uptrend, thus making it a risky short-term investment.
POLONIEX:XMRUSD
by CryptalDash