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Xmrusd

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
XMR looking primed for higher prices! XMR seems to be coiling here as it sits on the demand zone accumulating for a push higher. Volume has scaled back recently so we could very well see some volatility return to the coin once volume returns. We are, however, below both EMAs and have found resistance on the last touch at the fast-moving EMA. This OB has been a very strong level if we look to the left of this box so XMR should find support here before moving up. If Bitcoin could break above resistance here, it would most likely drag everything else up with it, which would push us up into supply. In addition, XMR just released its bulletproof upgrade, which has seen fees for withdrawals drop substantially near 0. Scaling buys in this zone right now is beneficial with stops below the last low at the bottom of the OB. Thanks guys!
BITFINEX:XMRUSDLong
by CM_Trades
XMRUSD: Channel Down intact. Expecting Lower Lows. Short.Monero delivered the expected aggressive bearish candle last week, and setting aside Monday's non-technical noise on the crypto market, the 1D Channel Down (STOCH = 32.187, MACD = -1.950) is now set and currently on a Lower High (RSI = 47.977, Highs/Lows = 0.000). 1W (MACD = -25.178, B/BP = -14.1959) is expected to push this lower towards our targets (TP = 75.792, 64.104). Crossing of the 96.192 support should result into more violent bearish candles for XMRUSD.
BITFINEX:XMRUSDShort
by InvestingScope
Monero is Going to $230. XMRUSD +140%Hello Traders! I am here to provide some much-welcomed GOOD NEWS! XMRUSD: Target = $230 We could see a little bit more of a pullback, but the retrace target is clear to me. Mind you, this idea could be invalidated if Bitcoin breaks below $6200. However, I do not believe Bitcoin will do that. If you have ever followed my analysis in the past, I am an avid user of Fibonacci Analysis, and at identifying fractal patterns. Patterns repeat, OFTEN. And right now, in the alt coin market cap, we have a fantastic opportunity in front of us! We have a fractal pattern that I have identified numerous times in the past, and it’s time for some much needed bull movement, after nearly 5 months of downward pressure. If you view my previous analysis on Bitcoin here, and press the “Play” button on the chart, you will notice a pattern I was able to easily identify and project the retrace target: We have this exact same setup in the alt coin market cap at this time. IT IS IDENTICAL. For our next move up, the target for the alt coin market cap is $216-$234 Billion. With our current market cap sitting at about 100 billion right now, that leaves some room for some serious up moves for our favorite alts. What happens after that retrace target to 230 billion has been reached is still up for debate. However, this fractal takes us to AT LEAST that target of $216-$234 Billion. We also have a nice pitchfork lined up here on Bitcoin indicating that this COULD be the bottom. It has held the 2013 trend and has now bottomed the pitchfork. If Bitcoin breaks below $6200, this idea is likely invalidated. So, keep a close eye on Bitcoin! As we head towards our target, there may be a lot of up and down noise on the chart. There will also be a lot of noise here on TradingView with ideas calling for gloom and doom, and charts calling for the absolute moon. We are not concerned with any of that. We are interested in reaching our target and getting out! We will wait for the next setup after that and determine our next move. But for now, we have a plan! As always, this is just my analysis. Any decisions you make based on my analysis and opinions are still your own decisions, and your own responsibility. So, if you decide to trade based on this analysis, just know, you are your own financial advisor and decision maker. We have no fear! We have no greed! We have a plan and we will execute it! Good luck to you all! May you have a wonderful day! Please like, comment, and follow!
X
by SecludedJ
5
Victory!! XMRBTC Analysis SPOT ON!!Cryptos took a major hit across the board, as did stocks. The difference between stocks and cryptos is that followers of this account were well prepared for the bloodbath. See for example this article , this one , this one , and this one . Here, we follow up on another successful prediction . We predicted that Monero would break down against Bitcoin as persistent weakness wreaks havoc on this coin. In particular, we called out the level 16339, which is exactly where XMRBTC found support. Although we have crossed quite an expanse of a vacuum zone, we still may see more fallout. Though some consolidation or a relief rally should be expected. When bear momentum picks up again, we turn to levels cited in the attached article in the 15000 handle, specifically, 15649 and 15107. We know we're wrong, at least for the moment, if we can break through levels from above and stabilize at the 18000 handle, at the 1.618 Fibonacci Extension level. Thanks for checking out my follow up post and bonus points if you read the original post where we made this prediction in the first place! Please show some love and give a like if you feel you've benefitted from this analysis. Subscribe to me if you want more insights and technical analysis!
Short
by Crypto_Terminal_Daniel
Update: Our Monero Analysis was 100% Correct!!Although the title of this article, "Gloomy Outlook on Monero" , left little room for interpretation on our viewpoint of this coin, the contents gave a very specific outline of our expectations. In fact, we not only identified that a crash was near, but gave explicit levels for what to expect and where we could anticipate support. The level we called out, $106, was smashed with ease, though it looks like we were a little to ambitious with our second profit target at $96. Indeed, we anticipated Monero to break the $100 handle before a correction and then another bear push. Although XMR does seem to be rebounding slightly, this happened a tad sooner than we anticipated at $102.19 or so. This level is becoming increasingly more consistent and reliable and must be noted in further analysis. Again, the small rally we see at current prices is probably nothing more than a relief rally, before another move at some point, though more consolidation should be expected beforehand. Gone are the days when cryptos would smash through multiple levels in one shot. If XMRUSD continues its descent, watch for $96. Then, there is a vacuum zone down to $80, so exercise caution if you're considering an attempt to catch this knife. If for some reason, XMR can muster a rally, it will face formidable resistance at $107.216 and $113.50. Thanks again for following our analysis! If you found this post useful, feel free to give us a like, and subscribe for further research.
BITFINEX:XMRUSDShort
by Crypto_Terminal_Daniel
1