Monero still has bullish momentumXMR continued its upward trend over the past weeks, and according to the previous analysis, its price growth increased just after breaking any resistance, turning that level into support. Monero still has bullish momentum, and if it breaks the current resistance in the $172 - $178 range, it could rise to the top of the main descending channel. Note that the channel ceiling resistance overlaps at $200 and is a psychological level. Therefore, the possibility that the price will be corrected from this range is high. If this resistance is broken in the future, we can expect the end of the corrective wave in the weekly time frame and the beginning of the price movement to reach the previous ceilings. Also, if this resistance is broken, the daily trend can be upward. Therefore, pullbacks that return to support areas in the future can be considered demand areas.
Xmrusd
XMRUSD - Rejected by Upper Edge of Symmetrical TriangleMonero looks to be trapped inside this symmetrical triangle which has formed after another rejection when trying to break through the upper bounds. There's a nice parallel channel formed for the price to fall back into but it may need a little wiggle romm first based on historical S/R levels.
We can see the price reaching the lower edge of the aforementioned triangle but it may take a few days or even weeks, somewhere between 15-20% profit could be expected from this Sell signal from Crypto Tipster v2.
Monero on Priority WatchI have Monero on top 10 watch. I will just maybe give it a little more time. Very interesting to see over the next couple of weeks.
$xmr Posturing with strengthInteresting formation, measured move is calculated in the chart with dashed lines (lol). Only thing on my watchlist jumping out at me ATM... seeking for shelter in utx (utilities) like $aa etc.
(STILL WAITING ON SPY TO TAKE A BIT OF A BIGGER HIT.
XMRUSD ❕ upward channelXMR continues to maintain bullish sentiment and reasoning, but the asset is overbought on small and large timeframes.
The price has approached the upper boundary of the upward channel.
I expect a correction and sideways movement before the next impulse.
XMR ANALYSISI hope you are fine
We have a view on xmr. We are in the middle of the g wave of this diametric diamond. If we reach the red zone, I will be looking for short trades.
Do not forget to manage cold, volume, leverage and stop setting
Comment if you have any questions
Thank You
XMRUSD: Continuation and Potential Exttension of Bullish TargetA couple weeks ago XMR showed potential to continue a Bullish ABCD BAMM as seen in the related idea below and so far things have gone well and is about halfway to hitting the target; but in doing so it's also breaking out and confirming above a more macro structure and confirming the validity of a Bullish Butterfly. If this Continues we could see targets much higher than the original ABCD BAMM and perhaps see upto a 61.8%-88.6% Retrace to the upside as a result of breaking above this Wedge and Channel.
XMRUSD ❕ trading between zonesMonero trades between a resistance zone and a support zone, under liquidity.
On the 1H Timeframe, 50EMA and 200EMA form a "cross of death" pattern.
I expect a fall if the price fixes below the support level. Further movement will depend on price reaction to the support zone.
Rising wedge and Head and shoulders pattern in MONEROPossibility of approving the head and shoulder pattern for XMRUSDT
XMRUSD: ABCD Bullish BAMM ContinuationWe have Hidden Bullish Divergence at the neckline of what appears to be a Bearish Head and Shoulders, XMR has been quite Bullish though and is still in the process of completing a Bullish BAMM so this may be a nice time to counter the Head and Shoulders Pattern and go for the 1.272 ABCD Completion.
XMR/USDT. It's going to breakdown the channel, we just wait for comeback for rest, when resetting will be confirmed then open short position at $142,4.
XMR/USDT Possible head and shoulders formation BINGX:XMRUSDT
XMR/USDT is one of the dinosaurs of the crypto world, the asset in my reading is set to build a head and shoulders formation.
The operational risk of this trade is low compared to the potential, I believe that in the break-even zone, confluent with the neckline of the OCO I will consider taking my risk out of the operation.
The Asset has broken out of an uptrend channel, which should lead either to a laterality or to a reversal context, if it is a reversal it is aimed at a correction in Fibonacci zones or even at the beginning of the uptrend channel.
That's my perspective for the future price shift.
So the targets in my reading for the asset will be; 139 / 128 / 120 / 105.5
🔴Disclaimer: The comments above reflect solely and exclusively my opinion, this is not a recommendation to buy or sell. Just a series of published studies, so that with the community we can discuss tactics and operational techniques.
🔹 Would you like to ask any questions, take that doubt? Feel free, I'll be happy to help.
Monero XMR prediction for the end of the yearThis week we have the CPI report and the FED meeting. I expect the stock market to go down and cypto to fallow it.
My price target for Monero XMR for the end of the year are the following:
XMR/USDT short
Entry Range: $148 - 155
Price Target 1: $140
Price Target 2: $134
Price Target 3: $125
Stop Loss: $169
Monero #XMR $XMR Simple AnalysisDont over complicate it, especially in a bear market
You will see more profits and have a stress free life by keeping it simple
Buys only above breakout line or at the channel lows around $40
Especially with Jupiter Pendulum tagged red
Look for a green tag on the breakout to confirm
Monero Recaptures Key Retracement LevelMonero KRAKEN:XMRUSD continues to outperform the other major cryptocurrencies through this crypto bear market cycle. Last week Monero entered a bullish trend when both price and Momentum (Lagging Span/Chikou) closed above the Daily Ichimoku cloud. This is the confirmation of a new bull trend starting. Momentum has since gotten back inside the cloud but over the weekend Price held the key Level of 139. 139 was the 50% Retracement Resistance of the FTX debacle crash. Price broke the Resistance on November 30th and then came back to retest the level solidly on December 17th now as Support.
Furthermore, let's look at Monero's performance relative to others.
Measured by the "pre-FTX high" Monero is down -10.37%:
Bitcoin remains down -22.48%:
Ethereum remains down -29.89%:
"Bitcoin is surveillance" As regulation begins to take the center focus of cryptocurrency more users will shift to value in privacy. I'll leave you all with a meme:
XMRUSD Quick 10% ShortQuite a symmetrical triangle has formed on Monero / USD, indicating some swings back and forth between the highs and lows. We are nearing the pinch point of this triangle but there's still a large amount of wiggle room for a quick 10% short to the bottom edge of support. Keep your stops tight and take the profit while you've got it on this one!
XMRUSD IdeaUsing the Cypher tool I show my view on the prior bull run, which I show is acting as the middle of this cypher structure
With the first Initial bullrun being the first leg, and the coming bull run being the next leg of the structure (bars pattern in green)
I'm not too sure if this is how the cypher tool is used but it showed my point perfectly so I used it.
I don't have a target but If I did it would be way above the 2017 and 2021 highs. Safe to say im bullish on cryptocurrency.
XMR DROP SOONI think xmr will move down soon. The supply zone is a good place to look for sell/short
XMR: Approaching ResistanceTrade setup : Price rebounded from Support zone ($125-130) and reached stiff resistance area near $150 and also 200-day moving average. This is a critical level. Price is likely to get rejected here, but if it’s able to break through, it could revisit $175 thereafter.
Trend : Uptrend on Short-Term basis and Downtrend on Medium- and Long-Term basis.
Momentum is Bullish (MACD Line is above MACD Signal Line and RSI is above 55).
Support and Resistance : Nearest Support Zone is $125-130, then $100. The nearest Resistance Zone is $150, then $175, and $200.
XmrusdLooking gorgeous here tbh
Htf downtrendline break and following through w a green candle
Massive falling wedge structure
Still the best privacy coin as far as i know
Standing Firm on the Monero Hourly Cup With HandleI'm yet to be convinced that the Monero Cup with Handle has been invalidated as it would seem a small Gartley and some Hidden Bullish Divergence has formed at these highs and may allow XMR to hold the channel. As a result i will be doubling my position but tightening the stop with the same profit target as before and an end of week goal.
XMR/USD Ascending Log ChannelMonero vs US Dollar - Ascending Log Channel using fib channels as ladders for resistance/support and those nice candles to filter the noise.
XMRUSDbig potential zone here tbh also
bouncing off 2019-2020 resistance level
this thing is worth more now than it was in 2019 for obvious reasons
(privacy govmnt narrative) (storeovvaluevsinflationnarrative)
also its a dino coin so serves to show longevity of network existence whihc most projects cant do, makes it more likely to get adopted to a higher valuation sooner imo
another relative underperformer in 2021
