MoneroIt is a comparison of the previous situation before the strong pump. It can be seen that it has many similarities to this day.
Whether the golden circle will be achieved or not, I don't know but I'm waiting that.
Indicators in the update
MD
MONEROSome time ago I realized this insane structure as someone hardly knew about Monero. Yes nothing happened since then. But look at this weekly chart. If you have enough experience with trading you know that this is not a dead chart. I just wanna say "pay attention". Buy and forget. It's cooking. For s
XMR Potential bullish breakout incoming?Monero (XMR/USD) presents a technical setup that could hint at a bullish breakout. It's important to remember that markets are inherently uncontrollable, there are no certainties, and all we can do is evaluate patterns and indicators to identify potential opportunities. Here’s a breakdown of the cu
Monero (XMR) Bullish Setup?Some analysis on the Monero chart - Firstly the obvious (orange line) downsloping trendline going back to the May 2021 highs. This was broken in June 2023 with a retest in August '23 and another retest in Feb 2024 after the Binance delisting.
This level became a double-bottom, forming a nice "W" bo
XMR/USDT Approaches $200 Resistance with Bullish Momentum
Technical Analysis:
1. Bullish Structure with Price Above EMAs:
The price is currently above the EMAs, showing strong bullish momentum. The EMAs are trending upwards, acting as dynamic support, and reinforcing the bullish structure.
A potential break and retest of the $200 resistance lev
XMRUSD - IdeaWeekly chart for XMR
I have tried drawing channels to compare an early structure to the current overarching channel
Both have two peaks and a coalescing area before a massive run up
Bullish alt
XMRUSD Next break above the 1W MA200 starts the parabolic rally.Monero (XMRUSD) has been consolidating within the 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line) for the past 2 months. This is at the top of the Accumulation Phase that has been containing the price action since the June 2022 Bear Cycle bottom.
Structurally, it appears that we coul
Monero's daily chart looks very bullish👉 Hidden bullish divergence
👉 Significant support around $154
👉 If bulls can close OMXSTO:XMR at or above $169.16, it will confirm an Ideal Bullish Ichimoku Breakout, the first since May 4, 2024.
🎯 2024 targets: $250.65 & $352.59
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