XMRPERP trade ideas
XMR Price Ready For The Level Of $300 The daily chart of XMR hints at the start of a bullish move. On coming to the shorter time frame of 4 hours, the coin has formed a accumulation zone. If the price breaks above 5% of the current position, it can see a rally upto $260 in upcoming trading sessions. TRX price can also see a new low if it comes below the zone.The coin price has seen a drop of 30% after hitting the 52week high on FEB 20,2021
The volume indicator is at 2.28K with the hint of lower buying pressure. If the price climbs above $250, then a strong buying volume can be seen.
Kindly comment your thoughts below
XMRUSD 1hr & 1d Charts Looking Healthy; VERY BULLISHFundamentals very strong, despite some exchange delistings
Maintained, and broke out of bullish channel which started June 2020 - trading nicely above long term SMA on Daily, and its being used as resistance on the hourly. Triangle Breakout pattern formed? Im new to this please advise me and critique this :)
MONERO - This Is How I Determine Price Targets + Trend AnalysisIn this video I share how I look for price targets.
There are certain conditions that must be met before you can determine a price target more accurately compared to just using the last low.
There are also other things to consider, especially because Cryptos are still in their infancy.
Either way it's fun to do it. Helps deal with FOMO. Puts things into perspective.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
How would you make this more realistic lmaoThese are copied and pasted trend lines of Monero's XMRUSD past price action if it were to happen exactly like it has done so far. Comparing to BTCUSD it seems completely unrealistic.
Radnom fib-circles added to look cool.
XMR Longterm OutlookI am personally bullish with regard to Monero.
The lowest it should go is $157 the week or next week, but that depends on market conditions.
Thereafter I expect a continuation to the upside fulfilling all the targets above. Do note that the moon target is not the final target, the final target is the last numerical target. Moon targets can take months to reach so it is better to stack more coins while waiting for them.
Parabolic SAR suggests A Negative Move For XMRMonero has seen a gain of more than 120% from the start of this year. XMR/BTC pair also performed a positive trend and can see a pump in the future. Investor should do their due diligence before investing.
Kindly comment your thoughts below
Bearish third wave for XMRUSDWave 3 is coming. I'm learning to use the elliot waves but yea 3rd wave.
* Wave 2: Common retracement levels
* 61.8%-78.6% of wave 1 (golden zone, most common)
* May also be 23.6%, 38.2%, or 50%
* Wave 3: Common extension levels
* 161.8% extension of wave 1 (most common)
* May also be 127.2%, 200%, 261.8%, 361.8%
* Wave 4: Common retracement levels
* 38.2%-50% of wave 3
* May also be 14.6%, 23.6% (sometimes 61.8%, but it must not retrace below the wave 1 top)
* Wave 5: Common extension levels
* 50%-61.8% extension of waves 1-3
* 161% of wave 4
* Equal length of wave 1
(COPY AND PASTED TO CLEAR UP THINGS)
EW Analysis: XMRUSD Monero May Face A Deeper Corrective DeclineHello traders!
Today we will talk about cryptocurrencies, specifically XMRUSD Monero in which we see quite clear pattern. We will talk about its price action from technical point of view and wave structure from Elliott Wave perspective.
Well, if you are familiar with Elliott Wave, then you know that after every five waves, a three-wave pullback follows. And, as you can see, seems like Monero may have a completed 5th wave, especially if we consider strong and impulsive five-wave drop from the highs, which can be an indication for a deeper, higher degree A-B-C correction that can send the price back to the previous wave 4 and 120 support level.
Currently, it looks like it's just in a slow three-wave (A)-(B)-(C) corrective rally within wave B that can find the resistance ideally here around 240 - 260 zone and from where we should be aware of another sell-off for wave C.
Invalidation level is at 288 highs.
Bu humble and trade smart!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
LONG/SHORT could be either scenario it's consolidating and preparing for another wave!
lets see which trade will have a higher probability
Monero XMRUSD: Bullish Setup to Catch a Swing Move
XMR dropped nicely to a major daily support cluster.
The price was nicely rejected and now we see a classic bullish accumulation on 4H
with a sequence of equal highs and higher lows.
To catch a bullish continuation, wait for a bullish breakout (4H candle close above) of 227.0 resistance.
Then buy aggressively or on retest.
Your goals will be:
251
272
In case of a formation of a new lower low on 4H, setup will be invalid.
Monero Trend Analysis for March"Simple" trend analysis to set expectations for March. Currently forming into an upward wedge, which is liable to break downward. Lots of support around, especially including the "snowline" from Monero's ATH. Looking to fill up in the gold zone after a bullish reversal confirmation.
I'm an amateur; this is not advice.
Monero is heading to the moon by the end of 2021After a long period of time, XMR price finally managed to open and close again above the pivot line ( Pink Trend Line ) on daily time frame. the end of bearish wave just confirmed with two long wicks candles. seems that price is retesting the Pink line. but the fib channel number 23, is still another resistance on XMR's way. it is expected that some consolidation in the area between fib 23 and its new support, the Pink trend line. if price manages to close above the fib 23, its way toward upper line of the white channel, would be paved. the bottom line of black channel is the next major resistance on its way. if XMR manage to breakout the white channel. the black channel would be its new support and its journey toward 600$ could be much more easier. as a result of exponential trend, it is expected that we could see XMR is pumping soon. the vertical white lines are fib time zones, on which the chart had beautifully reaction to it. according to fib time zones, we are in a bullish major trend, and November 2021 could be an amazing month for XMR holders.
