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Xmrusd

$XMR - Price entered Bullish Breaker - Will Act as support *SMT* My Last XMR Signal did not go as well. However, I believe I found where I went wrong and will be able to correct it with this signal. *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. So we have a long term Low High Lower-Lower formation in the upward movement of the price action of the chart. The high candle is the the Breaker. This is part of Smart money theory that's hard to explain without giving a video. But the price at this point should not get lower than the last up candle between 170 and 175. My entrance was 175.50. Stop loss is 169 and aiming bullish for the inverse ofr the 62% around 194.50. Then it might return lower, I'm not sure. But I think this Breaker Will hold and cause a short bullish run at least. Closer up of the the chart After it completes the run, The I have a feeling it will have another decent fall into the imbalance belowe the currrent support as seen pictured here: Lastly, if the price stays near where it is, it is in confluence with the exit of the trade as there is a bearish order block right at the price near 194-195 As for now. I'll be on top of this trade and keep it updated as much as I can. I'm only trading 3 cryptos right now, BTC,ETH, and XMR. We'll see if I'm right this time. SKILLING:XMRUSD GATEIO:XMRUSDT
Long
by BodiesXWix
Monero can Decrease Or Increase Depending on a Reaction from 170MXR (Monero) was in a Big Rising Wedge pattern. The Pattern Was going to Decrease the Price and It Did! The Price is gonna Decrease to the Bottom of the Pattern But For Now The Price shall fall to 170$ and after that We shall see What is gonna Happen. Two Scenarios Can Accrue! One is that the Price would Continue To Decrease and It would reach 155$ and another Scenario is that the Price would Start to Increase from there and Get Back to the top of the Pattern. We shall wait and See What is gonna Happen. -MXR was in a Rising wedge pattern -It's already Broken by the Price -The Price shall fall to 170$ -if it would Continue to decrease 155$ is the Target -If it doesn't Price will Increase -In a Few days we can Come to a Conclusion. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
X
by CobraVanguard
2
Monero (XMR) - May 23hello? Traders, welcome. By "following", you can always get new information quickly. Please also click "Like". Have a nice day. ------------------------------------- (XMRUSDT 1W Chart) Resistance: around 218.2 Support: 125-156 It is important to be able to walk sideways in the 156-218.2 section. 125.0 and below are likely to enter the mid- to long-term investment area. (1D chart) Primary resistance: around 190.0 Secondary resistance: around 218.2 1st support: 156.0-170.6 2nd support: around 125.0 If it fails to move above 190.0, we should see if there is support above 170.6. ------------------------------------------------------------ ----------------------------------------------------- ** All indicators are lagging indicators. Therefore, it is important to be aware that the indicator will move accordingly as price and volume move. However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator. ** The MRHAB-T indicator used in the chart is an indicator of our channel that has not been released yet. ** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.) ** Support or resistance is based on the closing price of the 1D chart. ** All descriptions are for reference only and do not guarantee a profit or loss in investment. (Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.) ---------------------------------
X
by readCrypto
Market Cycles | XMR as an example Hi guys! Please, support this idea and click the LIKE button. Thank you! You can't just copy & paste the previous cycle and expect the same % return, because trends can't keep the same angle As the market cap of an asset grows, it becomes harder to move the asset since more capital is required. That’s why in the first cycle we see the wildest uptrends & steepest corrections. In 2014 Monero (XMR) had a downtrend of -64° Next Cycle -64° turns into -41° as XMR gains more capital & participants Now we're in the 3rd downtrend and it's even less aggressive - only -18° (and I expect it to take more time to reach the bottom) I also like the math: 64-41=23 Every next downtrend is less steep by 23° 41-23=18° - perfectly matches the 3rd downtrend we're currently in Same math can be applied to the uptrends. So we can expect the next Uptrend have 25° of steepness (it will take several years to reach an ATH) What does all this mean? Well, probably you should look for opportunities to participate in the first cycles. Forget about old coins (since they also lose in technology to new projects and become less relevant) and pay attention to the new ones. Accumulate them after the downtrend 1 and multiply your capital during the following uptrend. If you like the idea, please, hit the Like button and subscribe to the profile in order not to miss updates The information given is never financial advice. Always do your own research
KRAKEN:XMRUSD
by CryptoBullet
9