XMRPERP trade ideas
MONERO DAILY CHART- To look for an opportunity in this currency I would wait for the rectangular area. If the price reaches this area, we will look for signs of a possible turnaround, such as an engulfing candle or a double bottom pattern.
- This area is a good investment opportunity, as we can have a great bullish run if the price goes for its historical highs. If the price turns in this area, we can also cover very easily with a stop losse in break even.
MONERO WEEKLY CHARTXMR has broken the accumulation area where it has been since 2019 with a vertical movement and an increase in volume. We can expect the price in the control zone marked as a rectangle,is an area where a lot of volume has been recorded in recent years according to volume and it is possible that the price will make a pullback to this area looking for such volumes. We can see it on the daily chart.
Nice Long Setup!Monero had a nice bounce off my 0.786 fib level and the daily trend line continues to hold as support. Volume has been steadily increasing and BTC dominance is experiencing some temporary weakness which has seen alts making nice gains.
tip: who do care about privacy ?! analysis of Monero... XMRUSD!What is 🌟Monero🌟?
Monero is a secure, private, and evasive cryptocurrency which is first started on April 18, 2014 ,and that uses special encryption to ensure that all of its transactions remain untraceable and evasive .Monero has a circulating supply of 17,815,130 coins and a total market cap of $2,790,931,850 which ranks it at position 15.
In a world of increasing transparency, the reason for the emergence and interest in cryptocurrencies such as Monero can be understood.
Monero uses the proof-of-work algorithm. This means that Monero, like Bitcoin, a mineable cryptocurrency.
The priority of Monero and its community is based on three key values. On the Monero site, these features are defined as follows:
1.Security: Users must be able to trust their transactions without encountering any errors or attacks.
2.Privacy : Monroe values privacy. Monroe must save its users from the death penalty in the courts and in worse cases!
3.Decentralization: Monroe believes in the highest level of decentralization.
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❇️Quick Technical analysis
Monero price now is $156.738 with a 24-hour trading volume of $463,215,010. Monero price reached its all-time high level of $542.33 on January 08, 2018. Monero price is down -0.92% in the last 24 hours and tends to move upwards by 1.45% according to last hour transactions. Also Monero price on a weekly basis increased by 6.06%. When we look at the variation of Monero price monthly, it is down by -2.44%, whereas it is up by 138.80% according to its price 1 year ago.
anyway Based on the monero historical price data, we predict the monero price could be about $450 at the end of the year 2021. Also it could be $197.976 exactly one year later today. In the next 3 years, the highest level monero price could reach is $1158.93 and the lowest monero price could be $96.3110
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👉This analysis is my personal opinion and you are responsible for your own trades or invests.
❤️with Best Regards and successful trades.
XMR = BTC 3.0 (XMR Support/Resistance Zones & Price Targets)Hello Crypto Privacy Advocates!
I love XMR, it is my favorite crypto and in time, I suspect it will surpass BTC in value!
In order for it's market cap and value to surpass BTC's the masses will first need to recognize the necessity for privacy and I foresee that becoming more and more obvious to those with eyes and ears in coming months.
In the coming months, fiat currency may be dissolved, the markets may crash, and the globalists will try to implement their own slave crypto via. the CBDC as a 'solution' to the problem which they created!
Just release ownership of all your possessions (current & future) and we'll give you a UBI and you good to go, bro (I mean slave)!
I mean, come on, really... "You will own nothing, you will have no privacy, and you will be happy.".
What a load of BS, eh!
The Great Reset is upon us, says Emperor Klaus Schwab, the IMF, and the rest of the globalist cronies!
When the masses realize that BTC is digital currency 1.0 and XMR is digital currency 3.0, I suspect XMR and other leading privacy coins will sky rocket!
On the more technical side, if BTC continues its ascent to the moon, then I suspect XMR will quickly head to the next strong weekly resistance zone around $215, then beyond! Price action above $170 will become increasingly volatile, so get ready for a ride!
We can see that XMR is in a weekly uptrend with increasing volume.
Price action is agreeing with volume and this is bullish! I can also see hidden bullish divergence on the 3D chart.
3D stochastics are also coming into an area of strong support. Prior bounces off this area have proven bullish!
#HODL
XMR Support/Resistance Zones
515
400
369
269
215
170
140
115
90
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Guide to My Charts
-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
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Please smash the like and comment if you find value in this post! It helps show me that others are interested and motivates me to share more with the community!
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Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
$XMR breaking down from rising wedgeAfter the strong rally of XMR, a correction wouldn't be shocking.
Something to keep an eye out for
EJ - Just for fun
The Last Solid Oldtimer: XMR 2021As the de facto privacy coin of the cryptocurrency ecosystem Monero stands at odds with current regulatory trends.
Yet I see great potential as it will follow BTC & ETH to first break out of it's 40-150$ range towards 300$ and reclaim it's ATH within this year.
monero shortmonero couldn't break the channel before several times of try and now we have exhaustion candle in daily time frame. it's look like too a good short position.
XMR Tax HavenOne of the first to move in this run
Whales starting to cash in on gains(volume and erratic spikes) and depositing into their accounts in Panama, XMR would effectively make it untraceable
New ATH would push it all the way up as no indicators or levels would serve as valid resistance
Not a fan for holding long term as i suspect privacy coins would face some pressure from fin regulators once cryptomania reaches its peak--even though they cant do much
Falling wedgeFalling wedge forming on the 4h chart. As always, wait for confirmation beforee getting in.
If it holds, Monero seems to have found support on the long term treadline. As long as it's not broken we're likely to move higher from here
Monero Vs USD: Buy & Hold: CryptoHappy New Year
By Sun Storm Investment Research
A Profit & Solutions Strategy
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
