What is the BEST performing cryptocurrency of this Bear Market?I am sure that someone could point out some obscure POOPCOIN with a price of 0.00000000000001337 that has had some meteoric rise recently but among the BLUE CHIP cryptocurrencies that are well established, well capitalized, and have proven use cases Monero BITFINEX:XMRUSD continues to outperform both Bitcoin BITFINEX:XMRBTC and Ethereum BINANCE:XMRETH for 2022. I have been talking about this for months trying to let people know.
The contrarian in me loves the fact that everyone is being willfully ignorant of this apparent sleeper.
Xmrusd
#Monero Flatlining and Bearish, will Bulls hold above $140?Past Performance of Monero
XMR is stable in the past 24 hours and week of trading. The Monero candlestick arrangement in the daily chart points to fizzling downside momentum and resilience of buyers, a net positive for bulls. Nonetheless, despite the horizontal movement of prices since August 19, the coin is within a bear breakout formation, and the probability of prices swinging back to bearish remains high.
#Monero Technical Analysis
From the daily chart, Monero prices are stable and buyers firm. However, prices are within the August 19 bear candlestick, reaffirming the presence of sellers from an effort versus result perspective. Therefore, in the immediate term, and since prices are in range mode within a $20 zone with caps at $140 and $160, traders may search for liquidating opportunities below August 19 highs at $160. On a safer approach, traders can wait for a clean break below $140 to trade with the trend in affirming losses of August 19 with targets at $125, the 61.8 percent Fibonacci retracement level of the June to August 2022 trade range. Any expansion above $160 with rising participation levels will cancel this bearish preview, allowing another alignment in price action towards $200.
What to Expect from #XMR?
Monero is down roughly 10 percent from August 2022 highs and within a $20 range. Bears remain in charge, and any dip below $140 will confirm losses of August 19 in a bear breakout formation.
Resistance level to watch out for: $160
Support level to watch out for: $140
Disclaimer: Opinions expressed are not investment advice. Do your research.
XMRUSDT 3D How much can Monero anonymity cost?Today, on the global chart, we will consider the XMRUSDT price movement
Monero is an old crypto coin. It is popular because it is "the last of the Mohicans", which preserves the anonymity of the owner.
Quite often moves on an individual route despite the trajectory of the BTCUSDT price.
During the fall of the crypto market in June 2022, the XMRUSD price was held by a powerful mirror level in the area of $96.
XMR price is currently trying to establish itself at the top half of the descending trend channel that has been stretching since May 2021
If the price is firmly anchored at the top half of the channel, as well as a little positive in the crypto market, everything is set for continued growth.
We expect that with such a schedule, the XMRUSDT price may rise to $330 at this year.
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#Monero Breaks From a $20 Range, XMR Bears Target $130Past Performance of Monero
Monero prices are free falling when writing, crashing from below $155 and the middle BB. Based on the candlestick arrangement in the daily chart, the path of least resistance, at least in the short term, is bearish. It is a formation following strong gains from mid-June 2022 that saw XMR prices surge by roughly 80 percent.
#Monero Technical Analysis
XMR prices broke from the $20 range between $175 and $155, respectively. The breakdown of earlier today follows the formation of lower lows relative to the upper BB, suggesting weakness. Therefore, with Monero prices crumbling, dropping nine percent in the last trading day alone in a bear breakout formation below the dynamic support level and $155, every low may present more liquidation opportunities for traders to target key support levels. As it is, any confirmation of today’s breakout may see XMR drop to $130 or $110, the 78.6 percent Fibonacci retracement level of the June to August 2022 trade range.
What to Expect from #XMR?
The cool-off in the broader crypto market is slowing down Monero. After impressive gains from mid-June through to mid-August, XMR prices are retracing.
Resistance level to watch out for: $155
Support level to watch out for: $130
Disclaimer: Opinions expressed are not investment advice. Do your research.
Monero Breaking Up (Ichimoku)As a followup to my Ethereum BITFINEX:ETHUSD post yesterday Monero BITFINEX:XMRUSD is likewise confirming an Ichimoku breakout on the Daily timeframe.
Monero is the third coin I watch most closely following Bitcoin and Ethereum. I believe that its use case (privacy) is one of the strongest reasons for cryptocurrency and the coin has been well established since 2014 and still under development. In marketplaces online where privacy is paramount they accept two currencies; Bitcoin and Monero, and Bitcoin's transaction costs are often far too high. Monero is the clear winner in this use case presently and likely into the future.
The YTD performance for 2022 of Monero has also outperformed both Ethereum and Bitcoin. So will investing in the two most popular currencies years ago would have yielded greater returns historically in recent history the winner has been Monero in terms of retaining its Store of Value.
Comparative values:
Monero Bitcoin BITFINEX:XMRBTC
Monero Ethereum BINANCE:XMRETH
Monero $XMR Bullish Indication$XMR will Pump about 10% if its break the resistance.
On 13 Aug 2022 Monerp will do Network Upgrade.
Lets see.
#Monero is up 68% in 2 Months, XMR Resistance at $170Past Performance of Monero
Monero has been on an uptrend after bottoming in mid-June 2022. At the time of writing, XMR is up 68 percent from 2022 lows, and buyers have the upper hand. Even so, the stagnation of the past week is a concern for optimistic bulls. This is considering that prices failed to close above the May 2022 highs of around $215. Still, how prices react in the short to medium term depends on whether prices will print above $170 in the coming trading sessions.
#Monero Technical Analysis
From the daily chart, XMR has resistance at $170 and is within a rising channel. On the reverse side, primary support is marked by the 20-day moving average flexible line. While the uptrend is clear, there are concerns about lower lows versus the upper BB pointing to weakness. Although buyers can load the dips as long as prices are above $150 or August 1 lows, clear loading points are above $170. A close above this liquidation level, confirming gains on August 7, could propel Monero to $215 in a bull continuation formation. Conversely, deep breaks below the middle BB and $150 may trigger a sell-off, forcing XMR towards $130.
What to Expect from #XMR?
Buyers have the upper hand at spot rates. Still, there are hints of weakness following the retracement from last week's highs. On the bright side, buyers have the upper hand if prices are sustained above the middle BB and $150.
Resistance level to watch out for: $170
Support level to watch out for: $150
Disclaimer: Opinions expressed are not investment advice. Do your research.
XMR bullish wedge!Reasons to take long:
⭐️ BTC is bullish
⭐️ Formed local level
⭐️ Close to the end of formation
⭐️ Slowly squeezing to the level
⭐️ 4th touch
⭐️ Over VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
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#Monero Surges 60% from 2022 Lows, XMR Prices May Retest $180Past Performance of Monero
Monero prices are rising with the tide, adding approximately 60 percent from 2022 lows. At spot rates, buyers are in control, and prices are ticking higher in a bullish continuation pattern. Notably, from the daily chart, XMR is up 12 percent in the past trading week after breaking above $130 and May 2022 lows.
#Monero Technical Analysis
As per the formation in the daily chart, XMR bulls are in control. Following the break above $135 last weekend, the follow-through on July 18 was with rising trading volumes pointing to confidence. As XMR prices edge higher and XMR bars ride the upper BB, every low could provide traders with an opportunity to double down, with the first target being $185, a key reaction point in H2 2022. This preview is valid only if prices hold above $130 and the dynamic support level, the middle BB.
What to Expect from #XMR?
Monero bulls are edging higher, riding the rising crypto tide favoring bulls. In the daily chart, XMR is above $130, a former resistance level, now support. Monero could soar to retest May 2022 highs if the upside momentum is sustained.
Resistance level to watch out for: $185
Support level to watch out for: $130
Disclaimer: Opinions expressed are not investment advice. Do your research.
XMR has made a solid break on the weekly XMR has made a solid break on the weekly and looks to add to the momentum coming off the bottom of this massive sell off. The setup is pretty much the same as with JASMY and XTZ. This setup is actually stronger though as it has a weekly high volume (144 period POC) node way above it. Price is attracted to volume more times than not; so this adds to the probabilities of the trade. I good spot to take out some gains is the weekly 21 SMA which currently sits around $180 (roughly +60%) but is declining so you will want to bring that in the longer it takes to get there.
XMR is looking super bullishOpening Long on XMR with Stop loss below 130, three targets are profit taking zones. Stop loss should be manual not automatic wait for 4 hourly candle to close below 130 to trigger stop loss. this trade will give 160% profit
XMR HikeHTF Structure is bullish Price has recently pulled back into retracement levels this presents great opportunity for calls on monero
Moreno DipsPrice Was Currently in a end. It pulled back into retracement levels and met a key supply zone making it ideal for a short position
XMR - Has potential to enter the Game?Reasons to take long:
⭐️ Volume appeared
⭐️ Level is 2 months old
⭐️ Level is clean
⭐️ Volume entered the coin
⭐️ Looks stronger than a market
⭐️ Over VWAP
Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster.
If you don't understand the previous sentence, just use swing stop-loss 3-5%
Fix profit by parts:
1% - 1/3
2% - 1/3, stoploss to breakeven
What's left, hold to the maximum
What do you think of this idea? What is your opinion? Share it in the comments📄🖌
If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊
P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
alt for alt swaptime has come for ltc to show how the long awaited mweb works. rivaling against xmr over mainstream privacy will take a while until xmr retakes its position as the one that is more private. xmr retaking the position will probably leave ltc bleeding, potentially after some issues being discovered with mweb or exchanges delisting it due to privacy features. this could be an interesting ride. finally if btc ever decides to implement mweb, this could be a great reason for governments and financial institutions to tighten checks where fiat to crypto or vice versa exchange is involved, since bitcoin would allow more private transactions. past year, many european countries have received eu directives to forbid legal entities to trade with privacy coins such as monero, zcash and other. if btc gains this privacy solution some time in following years, governments could make legal entities to require documents upon any crypto exchange. at this time we could expect higher p2p trading and new p2p exchanges to allow people advertise and exchange without any 3rd parties. unless cbdc decides to destroy bitcoin core and reinvent the wheel. stay safe, hard times could be coming.
a Massive Bearish Wave is Coming For Monero !Monero is showing Some Signs that It might be It's Downfall and that it's gonna Decrease a lot! SO if you look at the chart You can See that the Price Is in 2 Bearish Patterns! One is a Bearish Pennant and the Other is a Rising wedge Pattern which is also another Bearish Pattern.If XMR would obey the Patterns that It has Created, the Price will Decrease a lot ! So we consider the Pennant Pattern( S1) The Price will be around 65% which is a lot of decreasing! If we consider the Wedge Pattern (S2) The Price will be around 99$ which might be the More Logical Target For Now. But Expect it to be bearish In any Case.This chart and Info are Provided by our Sponsor WHITEBIT Exchange. Please Check their Exchange Using the link down below.
-XMR is in 2 Bearish Patterns
-Bearish Pennant and Rising Wedge
-bearish Pennant Target= 65$
-falling wedge Target=99$ (More Logical)
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Thank you for seeing idea .
Have a nice day and Good luck
Monero HikeMonero looks to be heading to the upside. a double bottom break seems to be forming on the DAILY and structure with in the 4H and the 1H correlate in a bullish trend. The 1H is moving into Fibonacci retracement levels providing a great opportunity for a temporary long position on XMR.
XMR DropQML + Waiting for price to pull back into the retracement level and further confirmation to commit to the short
$XMR - Short the week - It should bounce back around $105 *SMT**SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.*
As XMR just finished creating the Break of Structure on the low side and came up short of breaking the structure on the high side, it appears that this was just a runned attempt at a bearish order block to be rejected back down into the last 4 hour fair value gap area. I marked the weekly consequential encroachment (Half of the weekly FVG, $121-122) and entered short there....As it's rejected it starts to head toward the bottom of the 4 hour FVG which is also a confluence at the 79-80% which is where most rebounds happen. and that number is 104-105 as an opening. On this one I could go either way but the earlier I enterered the less of % wager I would press and low leverage. The later the stage it gets the later you enter the more you can wager and add leverage.
And taking from the smart money playbook the earlier and sharper the price rises during the week , the more it will fall as the week goes on. Low possibly being on Friday or Saturday, looking for it to get around 105 by then.
If you watch the analysis week by week, It's an obvious pattern.
WEEK 1:
WEEK 2:
WEEK 3:
Current Week:
Good luck and happy trading.