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Xmrusdtrade

XMR Correction of the previous rapid growth is necessary.Essentially, this idea is a corrected fragment of our global vision presented in the previous idea. Most likely, the rapid growth of XMR was caused by the news about the hardfork, which took place on 17.10.20. The Monero update was successful and as a result increased the transactions speed when compressing information, as well as increased the level of users anonymity. And even earlier, there were rumors on the Internet that when Bitmex started having problems with the lawsuit with all its consequences in early October, users withdrew from the BTC exchange, and other exchanges began to block them. T hen users switched to anonymous XMR , which increased the demand for it and, accordingly, the price. Although, it is time for Monero to work according to the technical analysis rules. That is, to correct this rapid growth. We see the first target from below in the zone $97-100 The more global target below is around $75 ______________________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each " like under the idea" boosts the level of our happiness by 0.05% . If we help you to be calmer and richer - help us to be happier :)
XShort
by P_S_trade
2
XMRUSD-monero coin head and shoulder+rising channelXMRUSD After reaching the 100.00 level the price got rejected and formed a head and shoulder pattern has formed. 98.415 is a major resistance level for the bull Right shoulder was formed on September 01 and felled up to 74.400 level which is a low volume area and bounced back. And formed series of HH HL HH HL in rising channel. As we see the bull has losing its strength. Currently the price is trading above 50,100,200 exponential moving average. And Ichimoku cloud is acting as support for the minor bullish run. At the time of writing this idea minor bearish engulfing candle is forming at 4 hr timeframe It has reached the minor trend line which will support the minor upward moment until 98.400.From this level we can sell this crypto and the subsequent targets will be 90.000 comes with 50% Fibonacci and 81.000 comes with 78.6% Fibonacci retracement level. And the swing target will be 74.00. Stop lose may placed above the 100.00 level This will give as a 1:12 risk reward ratio Please give us a thumbs up if u like our work and do follow us so that you can get a regular update about upcoming setups and ideas
BITFINEX:XMRUSDShort
by forexorbit
XMRUSDT technicaly based forecast 📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 XMRUSDT technicaly based idea, technicaly indicators showing we can expect higher bulish market continuation, we can see strong bulish candels formation, expecting to see push in price till FIBO 0.6. On 0.6FIBO is same and strong support. 📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment! Thanks on supporting! All best, good luck!
X
by UnknownUnicorn3983388
XMRUSDT resumed again, the asset bounced off support.XMR growth resumed again, the asset rebounded from support, and is currently heading for the next level of resistance. We trade in an expanding wedge Formation of a descending wedge At 1TF (Bullish model). Volume accumulation Fibo level coincides with linear resistance. I advise you to wait for the wedge to break through P.S Friends, support this idea with your like and any comment. It will be the biggest thank you on my part for my work.
X
by CHOWTRADE