Monero (XMR) - ProjectionLook for price to move along the Green/blue channel hovering below the Long Term Trend Line (gold). As overall Market begins to move upward, look for move into Yellow order box and a break above Long Term Trend Line.
XMRBTC trade ideas
Monero (XMR) - ProjectionMonero has been bouncing under a long term trend line for quite some time. Look for price to move up toward the yellow box in the mid term. More choppiness on the short term as it moves up along the green/blue channel.
A trading opportunity to buy in XMRBTCTechnical analysis:
. Monero/Bitcoin is in a range bound and the beginning of uptrend is expected.
.The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 49.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.01279700 to 0.01210440). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.01279700)
Ending of entry zone (0.01210440)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.01388900
TP2= @ 0.01479200
TP3= @ 0.01552700
TP4= @ 0.01632840
TP5= @ 0.01753490
TP6= @ 0.01922380
TP7= @ 0.02157680
TP8= @ 0.02393000
TP9= @ 0.02574855
TP10= @ 0.03152420
TP11= Free
XMR posiblemente rebotará una vez más en su soporte.XMR viene desde hace varios días y semanas corriendo en un canal muy amplio en lo que parece una etapa de acumulación. Ya días atrás, nos dio un buen rendimiento en un trade a corto plazo. Parece que va a seguir el mismo patrón. Si llegara a fallar parece que seguirá el canal y eventualmente podemos recuperarnos o bien hacer otra compra más baja promediando nuestro valor de costo.
Estamos buscando comprar a 0.01281.
COMPRA ~ 0.01281
VENTA* ~ 0.013248 - 0.01344000
GANANCIA APROX ~ 3.5% - 5%
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XMR/BTCbreak support @ 0.014 and head to next resistance leading up to the fork. get rejected and back down to the lows.
XMR Long daily above 55 MAI like how this one is developping, getting tighter and riding above the 55 daily moving average
Monero - SupportMonero is looking pretty bullish. Found support on the 20ma and is looking to breakout.
Buy & sell positions in our crypto signal scanner (comment).
Buy the bottom.Weekly 200 EMA hold the price.
Price breaks the Triangle and going to re-test the upper trend line.
Monero ranging -- sign of accumulation or distribution?XMR moving nicely up and down respecting the range that has been formed.
During this consolidation phase it is wise to observe how price reacts around the EQ (50% of the range). A close bellow would indicate a sell-off while a good bounce off the EQ and a break above the range will be a strong buy signal for XMR.
MoneroXMRBTC touched bottom and now formed triangle with potential break out resistance line. Targets next fibonacci levels
Eyes on long-term XMRBoth USD and BTC price reaching areas of possible reversal on long-term weekly charts. Posed for potential breakouts at the bottoms of downwards wedges in both charts. Bullish divergence has appeared for the last two lows on both MACDs. RSI is not showing bullish divergence but has recently touched and rebounded slightly from oversold areas, also posed to breakout through resistance in downwards wedge formations.
A corrective bounce to either of the last fib lines suggest possible XMRBTC targets of 0.016 (+20%) and 0.020 (+50%), with possible XMRUSD target of $130 (+245%).
Monero is ready to take off?+I could observe a bullish divergence in the MACD. which would lead us to break the bearish channel as the first objective. The MOM indicator is prone to move to the positive field. The volume is good.
+A good entry point would be 2 positive candles after the channel breaks. ALWAYS REMEMBER TO WORK WITH STOP LOSS
+A 2nd objective could be the 0.618 fibo (0.013206) to then go in search of the 3rd objective 0.786 fibo (0.013636)
Potential future triple bottom to watch out forPossible future trend reversal with triple bottom structure.
OBV is making higher high, this is a good sign for triple bottom, if we break the neckline with more volume on the third bottom, that could be a big bullish signal.
