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XMRBTC trade ideas

Monero Ascending Channel (Bullish Potential)Monero ( XMRBTC ) is trading within an ascending channel and is showing a pretty simple and basic set up and it looklike last bulish movement for BTC with similar pattern. Now that the lower end of the channel has been touched, you can expect a bounce from current price level. If XMRBTC is to drop lower, support can be found on the next fib. level. All details can be seen on the chart. Take a quick look at our Monero (XRMBTC) Full Active Trade: Monero Full Long Term Trade (180% PP ) Feel free to hit like to show your support. The ascending has been taken out and XMRBTC is now trading at support. - The divergence is showing up on indicators now, RSI , CCI and MACD . - It can still go a bit lower as most altcoins are hitting long term support or new lows. Thanks a lot for reading.
XLong
by PRO_SMART_Trader
Monero - Sideways trend expects us Once BTC’s rate has gone up, the price of Monero has lost around 2% of its price compared to its yesterday position. Monero has touched the bottom on the 1D chart, and a slight recovery might occur. The rising MACD indicator confirms such price movements. Analyzing the historical background, XMR suffered two bearish waves, followed by a sideways trend. The price is likely to locate in the yellow range until the end of summer, however, it will happen only if trading volume is high.
by CryptoComes
XMR/BTC - Descending Wedge Pattern ReversalBINANCE:XMRBTC A nice little example of a textbook descending wedge pattern reversal on the 1h chart here with Monero. Over the last few days I thought it might be a little triple top but given the fact that it's bounced off the 0.008200 area of resistance several times while slowly starting to make slightly higher lows, I'm putting my cards on a descending wedge. On top of that being the technical side seen through the chart, the fundamental side of Monero potentially hitting a little bit of a rally here is due to it's inherent privacy and decentralization aspects. The whole crypto community is in the spotlight recently with regards to rules and regulations, Libra, governments trying to "ban" bitcoin, and so on. Without a doubt some of this news is hitting the ears of people on the outside who want to get in so naturally with Monero's privacy factors this could lead to an increase of interest and thus further confirming the technical indicators. Waiting for more of a confirmation of the breakout would see a person buying in at slightly above the 8200 sat resistance level. With a stop around the 7800 area. And a take profit around the 8600 or even the 8500 level to be a bit more conservative. In summary: XMR/BTC descending wedge forming - indicators being the shape of the trend itself as well as the uptrend RSI divergence Confirmation Buy Area: ~0.008200 Stop-Loss: ~0.007800 Take-Profit: ~0.008500 - 0.008600 Possible Time-Frame: 1-4 days Big round numbers for ease of explanation and those would be my conservative numbers. This is not financial advice and this is my first attempt at publishing something. Any feedback would be highly appreciated! Cheers.
XLong
by walkonwayvs