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Xmrusdlong

XMR - The STRANGEST (and EASIEST!) Chart 🤔📉Hi Traders, Investors and Speculators of Charts📈 If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1. Monero / XMR is an altcoin that still has massive upside potential for the coming bull season. But when analyzing Monero, I came across something rather interesting or strange; unique to the XMR chart - the candles follow a perfect quadruplet set of diagonal support lines! Usually, and you may be more familiar with this, you will see horizontal support zones, for example: But on the XMR chart, the trendlines of both support and resistance are diagonal, rather than predominantly horizontal like most other charts. After finally identifying this interesting trend, we can now readily set buy/sell zones. For example: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:XMR BYBIT:XMRUSDT.P BINANCE:XMRUSDT KRAKEN:XMRUSD
Long
by CryptoCheck-
2
Monero Money Flow Picks Up: Should We Continue Trading?The money flow within the Monero ecosystem has recently picked up, leaving me wondering whether we should continue trading this cryptocurrency. Over the past few weeks, Monero has shown signs of increased activity and market interest. The trading volumes have surged, indicating renewed enthusiasm from investors and potentially creating new opportunities for traders like us. Monitoring the money flow within a particular market is crucial for making informed trading decisions. The recent rise in Monero's money flow has sparked my curiosity, prompting me to evaluate whether we should consider increasing our trading activities with this digital asset. While the reasons behind this surge in money flow can vary, it is essential to delve deeper into the factors influencing this trend to determine its sustainability and potential profitability. We must engage in an open discussion about the current state of Monero and its prospects. Together, we can analyze the market dynamics, assess the potential risks and rewards, and ultimately decide whether it is wise to continue trading Monero. Therefore, I kindly invite you to share your insights and opinions. Your experience and expertise in the trading field would be invaluable in helping us make an informed decision. Please feel free to voice any concerns in the comments or questions regarding Monero's recent money flow surge or other factors that may influence our trading strategy. I look forward to your response and the opportunity to continue our trading journey with Monero.
X
by bryandowningqln
XMRUSD MONERO Long Bullish can go to 190 USDAccording to our current Monero price prediction, the value of Monero is predicted to drop by -2.32% and reach $ 164.17 by July 6, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 59 (Greed). Monero recorded 21/30 (70%) green days with 7.04% price volatility over the last 30 days. Based on our Monero forecast, it's now a good time to buy Monero. Based on data from July 01, 2023 at 20:43, the general Monero price prediction sentiment is bullish with 25 technical analysis indicators signaling bullish signals, and 8 signaling bearish signals. Technical Analysis Bullish 1 Monero makes 3 weeks Higher Lows and Higher Highs 2 Trend continuation Confirmation RSI See Circles 10 Nov 2022 9th March 2022 10th June 2022 3 RSI is above 50 4 Rsi confirmation is Bullish 5 Volume is increasing Bullish 6 We have rising POCs 7 Volume Value has been shifting higher 8 Monero is currently trading above the 200-day simple moving average (SMA). The 200-day SMA has been signaling BUY for the last 8 days, since Jun 23, 2023. The price of Monero is currently above the 50-day SMA and this indicator has been signaling BUY for the last 9 days, since Jun 22, 2023. The most recent Death Cross in the Bitcoin market happened 30 days ago, on Jun 01, 2023. Meanwhile, a Golden Cross last occurred on Jan 09, 2023, which was 173 days ago. Based on our technical indicators, Monero's 200-day SMA will rise in the next month and will hit $ 153.22 by Jul 31, 2023. Monero's short-term 50-Day SMA is estimated to hit $ 159.61 by Jul 31, 2023. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 74.32, which indicates that the XMR market is in a overbought position. The RSI indicator suggests that the price of XMR will increase. Monero reached its highest price on Jan 9, 2018 when it was trading at its all-time high of $ 593.42, while Monero's lowest price was recorded on Jan 14, 2015 when it was trading at its all-time low of $ 0.212967. The lowest price since it's ATH was $ 26.23 (cycle low). The highest XMR price since the last cycle low was $ 514.43 (cycle high). The Monero price prediction sentiment is currently bullish, while Fear & Greed Index is showing 59 (Greed). Monero's current circulating supply is 18.30M XMR out of max supply of 18.20M XMR. The current yearly supply inflation rate is 0.86% meaning 156,872 XMR were created in the last year. In terms of market cap, Monero is currently ranked #5 in the Proof-of-Work Coins sector, ranked #1 in the Privacy Coins sector and ranked #15 in the Layer 1 sector. Highlights Price has increased by 48% in the last 1 year Outperformed 79% of the top 100 crypto assets in 1 year Trading above the 200-day simple moving average 21 green days in the last 30 days (70%) Trading on Binance Trading with Euro Yearly inflation rate is 0.86% Monero price in US Dollar has increased by 13.08% in the last 1 month. XMR is up 10.29% against Ethereum and down -0.47% against Bitcoin in the last 1 month. The top-performing year for Monero was 2016 when the price of XMR increased by 2,830.22% from $ 0.470402 to $ 13.78. The worst performing year for Monero was 2018 when the price dropped by -86.72% from $ 349.16 to $ 46.38. The average yearly growth of Monero over the last 10 years is 595.55% per year. Usually, Monero performs best in Q3 with an average of 59.43% gain and worst in Q2 with 11.17% gain. Risk Analysis Outperformed by Bitcoin and Ethereum Down -72% from all-time high Has medium liquidity based on its market cap How is the price positioned in comparison to the all-time high? The price is currently down -72% from the all-time high. How is the price positioned in comparison to the cycle high/low? Monero is currently trading at -67.40% below cycle high and 539.17% above cycle low. Is the price highly volatile? The 30-day volatility is above 30% and is currently at null% Does it have enough liquidity based on market cap to volume ratio? Has medium liquidity with 0.0282 volume to market cap ratio. The current market cap is $ 3.07B while the 24-hour volume is $ 86.46M Is the total supply high in comparison with the circulating supply? Over 101% of the total supply is in circulation. Is the current inflation below 2% per year? The yearly inflation rate is 0.86% meaning there were 156,872 coins generated in the last 1 year. According to our current Monero price prediction, the value of Monero is predicted to drop by -2.32% and reach $ 164.17 by July 6, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 59 (Greed). Monero recorded 21/30 (70%) green days with 7.04% price volatility over the last 30 days. Based on our Monero forecast, it's now a good time to buy Monero. Comparing Monero against other important technological innovations and trends is one way of predicting where the Monero price could head over the long term. The table above shows what the Monero price would be by end of year 2024, 2025, and 2026 if its growth trajectory followed the growth of the internet, or large tech companies like Google and Facebook in their growth phase. In the best case scenario, XMR price prediction for year 2026 is $ 3,836.33 if it follows Facebook growth. In case Monero would follow Internet growth the prediction for 2026 would be $ 440.09. Monero Key Price Levels Based on today's classical pivot point (P1) with the value of $ 166.97, Monero has support levels of $ 164.34, $ 160.29, and the strongest at $ 157.66. Similarly, Monero resistance levels are at $ 171.02, $ 173.65, and $ 177.70.. Monero Correlation Over the past 7 days, Monero price was most positively correlated with the price of TRON (TRX), Stellar (XLM), Bitcoin Cash (BCH), Zcash (ZEC) and Bitcoin SV (BSV) and most negatively correlated with the price of XRP (XRP), OKB (OKB), Cardano (ADA), NEM (XEM) and Binance Coin (BNB). Monero price is positively correlated with the top 10 coins by marketcap with a value of 0.119, excluding Tether (USDT) and positively correlated with the top 100 coins by marketcap excluding all stablecoins with a value of 0.107. Currencies that are positively correlated with Monero indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Monero, a move in one direction for Monero would translate into a move in the opposite direction for the negatively correlated coin. Monero Price Forecast(Probability 69%) This is just a mathematical methode to trade my own accont, Okease note that it is for educational and informative issue, and you should use stops and proper risk and money mangemnt to protect your capital. Date Price Change Jul 2, 2023 $ 168.17 0.06% Jul 3, 2023 $ 169.11 0.62% Jul 4, 2023 $ 171.83 2.24% Jul 5, 2023 $ 170.25 1.30% Jul 6, 2023 $ 164.17 -2.32% Jul 7, 2023 $ 170.84 1.65% Jul 8, 2023 $ 166.89 -0.70% Jul 9, 2023 $ 165.08 -1.78% Jul 10, 2023 $ 151.52 -9.85% Jul 11, 2023 $ 158.89 -5.46% Jul 12, 2023 $ 157.76 -6.13% Jul 13, 2023 $ 160.38 -4.57% Jul 14, 2023 $ 155.57 -7.43% Jul 15, 2023 $ 151.87 -9.63% Jul 16, 2023 $ 156.14 -7.10% Jul 17, 2023 $ 155.08 -7.73% Jul 18, 2023 $ 155.62 -7.40% Jul 19, 2023 $ 157.16 -6.49% Jul 20, 2023 $ 156.53 -6.86% Jul 21, 2023 $ 164.10 -2.36% Jul 22, 2023 $ 165.61 -1.46% Jul 23, 2023 $ 169.10 0.62% Jul 24, 2023 $ 175.47 4.41% Jul 25, 2023 $ 176.17 4.83% Jul 26, 2023 $ 179.92 7.06% Jul 27, 2023 $ 185.74 10.52% Jul 28, 2023 $ 190.11 13.12% Jul 29, 2023 $ 183.07 8.93% Jul 30, 2023 $ 187.35 11.48% Jul 31, 2023 $ 187.86 11.78%
CAPITALCOM:XMRUSDLong
by DaveBrascoFX
XMRUSD Bullish Short-Term & Long-Term Monero is showing strenght during the last weeks, compared to the general crypto market. So Macro looks strong for XMR even during these times of Crisis. As for the short-term price, we could easily reach 300$ , before consolidating sideways for a period. The price-target for the next 4-6 months should be around 500$ , since we clearly broke out of the Falling wedge and thus indicating 500$ as probable Target to complete the larger breakout of this Pattern. I have tentatively and roughly drawn a line with several swings, at different Key FIB levels (just for the sake of the larger picture) So that's it, just press the Buy button, take your coins of exchange and Relax this Spring & Summer!
KRAKEN:XMRUSDLong
by samideluxe
2
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (226.7). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 249.9 TP2= @ 264.9 TP3= @ 276.6 TP4= @ 293.5 TP5= @ 309.9 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
XLong
by ForecastCity_World
8
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (226.7). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 249.9 TP2= @ 264.9 TP3= @ 276.6 TP4= @ 293.5 TP5= @ 309.9 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
XLong
by ForecastCity
4
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (149.67). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 75. Take Profits: TP1= @ 169.36 TP2= @ 178.96 TP3= @ 187.00 TP4= @ 198.86 TP5= @ 213.18 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
XLong
by ForecastCity_World
3
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (149.67). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 75. Take Profits: TP1= @ 169.36 TP2= @ 178.96 TP3= @ 187.00 TP4= @ 198.86 TP5= @ 213.18 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
XLong
by ForecastCity
2
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (280.4). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSD is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 65. Take Profits: TP1= @ 297.4 TP2= @ 309.7 TP3= @ 317.9 TP4= @ 334.7 TP5= @ 360.8 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
XLong
by ForecastCity_World
8
XMRUSDt local signalHello friends. Please support my work by clicking the LIKE button(If you liked).Thank you! Everything on the chart. open pos: market target: 330 and 350 after first target reached move ur stop to breakeven stop: ~282 (depending of ur risk). ALWAYS follow ur RM . risk/reward 1 to 2.2 Good luck everyone! Follow me on TRADING View, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to your questions or suggestions(Looking for investors!).
XLong
by trytofeelpositive
4