XMRUSD trade ideas
XMR waiting to cross ATH very soon..XMR - Monero the great privacy coin going above and beyond its ATH.. Be ready to scoop some up guys..
Golden Pocket Retracement to $380 for Monero! 🚀🚀🚀Hey Traders,
As you can see, the Weekly Candles of XMR (Xonero) reveal a Falling Wedge pattern via the bodies. After a large downtrend, the 0.618 level from the peak to the trough is the most common retracement zone (AKA the Golden Pocket). The price breakout out of the falling wedge is also set near $400 (based on the first impulse-up move within the pattern). The ABCDE Elliot wave is not that accurate so it is just for show... Tp at $380
Another reason why XMR recently pumped is that an exchange had someone's balance on paper, not actually in reserves. So someone with a very large amount needed to withdraw so the exchange bought the XMR all at once in order for the person to move it. This was a coordinated move by the Monero community to test the exchange's reserves which ultimately proved correct.
Safe Trading,
-Pulkanator
Update For XMR/USD Analysis 📈📉Hello traders ,
In the past analysis that I posted for Monero , it was almost successful and finally reached my target and even a little went beyond.(🎯~ 340%💰)
so now!
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📊Technical
As you can see on weekly timeframe for XMR/USD , since reaching its major resistance zone ,it has been declining and correcting
so far . but after 6 bullish candle it reached the pivot zone , so today according to bar pattern we are witnessing a new attempt to attack higher price and even reach previous ATH , if only if it be able to maintain the current pivot zone , then it can continue its uptrend . but otherwise it can drop on lower supports.
🛑resistance level: $258 -268///$486-536
🆚pivot zone: $217- 226$
❇️support levels: $120-130///$60-100///ascending trendline
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
XMR vs BTC & NASDAQXMR, Monero seems to be decoupling from general crypto / NASDAQ trend since halfway March.
The desire for more privacy in currency gives this largest privacy coin in market cap a different trajectory different from the rest of crypto.
XMRUSD More rise ahead or pull-back to lows?Monero (XMRUSD) has been very strong since the February 25 Double Bottom as it almost reached the early January High. In doing so, it broke above the Lower Highs trend-line of the May 07 All Time High (ATH) and the 1D MA200 (orange trend-line). It is possible that within this month, it will form a 1D Golden Cross (when the 1D MA50 (blue) crosses above the 1D MA200).
The last time the price broke above such a long-term Lower Highs trend-line and formed a 1D Golden Cross after, was in early 2019 when Monero and the whole market was starting to recover from the 2018 Bear Cycle. The difference is that in 2019 it peaked just below the 0.5 Fibonacci retracement level after forming the Golden Cross, while now it has already come very close to the 0.5 Fib without having formed the Golden Cross. The question is, are we too soon or too late on the fractal?
The RSI on the 1W time-frame seems to support that we are too soon and there is still room to rise, despite having almost reached the 0.5 Fib already. Basically it looks quite a lot like the Golden Cross of May 2020, when the market was recovering from the March COVID flash crash. In both cases, the price always tested the 1D MA50 before rising any further and that is what we are expecting to happen here before a new rally to the 0.618 Fib at $307.00.
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Update on Monero double bottom Looks like Monero is gonna trigger this double bottom that I posted an idea on last week or so. $240 is the target *not financial advice*
Miners inching closer to triggering this double bottom.Looks like if this triggers it should head to $240. Luna has already reached its double bottom measured move target and the market as a whole has only recently switched from the downtrend correction back to an uptrend s this all increases the probability of this double bottom on mongers both triggering and reaching its measured move target. Of course yas always you should always wait for confirmation of the breakout. I don’t own any modern but couldn’t resist charting this obvious double bottom scenario. *not financial advice*
Monero Breaking Out to the upsideBullish breakout of long term down trend line minimum target is $279. Monero is what crypto is supposed to be, fundamentally this is one of the best coins to own for the long term.
XMR/USDTXMR/USDT - Active Trade Set Up since 26th Feb - (Wasnt posting publicly before) (first target hit) (3 targets to go)
Entry $154, Stop Loss $131, Profit Taking Levels $237, $262, 296, Argument = Bullish Butterfly, Type 2 Return at critical support with classic bullish divergence and a confirmation bullish engulfing candle
One more day for monero Looks like one more day for xmr. Until I hit my target I set a few days back.
Monero Breaking out on the weekly - catalyst for Privacy coinsMonero is breaking out of the largest cup and handle structure in the Crypto Industry and the MACD is turning green on the weekly
This breakout will turn into a long-awaited catalyst for the entire privacy coin sector.
It has been a quiet sector all this Bullrun due to FUD and bad news.
The current political climate has shown the world the need for privacy coins or at least given attention to it.
My second privacy coin investment is a coin called: XTA/ITALO, Which is doing a rebrand into SYFER, fully homomorphic encryption with smart contracts, basically a fully private Ethereum network with barely any fees. The best part is that the market cap is less than 100.000 USD due to marketing not beginning until the Rebrand is done, which is within a couple of weeks.
Good luck, everyone, and don't miss out on this privacy coin run!
XMR, breaking out of the downtrend.The following is machine translation:
A double bottom is formed near 140.
It has been suppressed by the trendline since September last year.
All the way back, the rebound failed to break the trend line.
It broke the downtrend line today and stood above 200.
Bullish, watch for overhead resistance near 250.
Is Monero XMR Truly Anonymous?Monero is a cryptocurrency launched in 2014 to provide crypto users with an anonymous Blockchain platform. It is a decentralized cryptocurrency that utilizes a public distributed ledger embedded with privacy-focused technologies to achieve anonymity. It is also an open-source network that ensures that observers cannot decode transactions and activities regarding its cryptocurrency. Monero’s blockchain design is unique, and all transaction details from sender to receiver are kept private. Despite possessing similarities with popular cryptocurrencies like Bitcoin, Monero is quite different in its operation. It currently has the largest community of developers, behind Bitcoin and Ethereum. Like Bitcoin and Ethereum, users can mine Monero, and the process is purely egalitarian. The native and governance token of the blockchain is Monero (XMR). At the launch time, the developers did not reserve any XMR for themselves, as they relied solely on community support.
Monero up by 30%A report that United States President Joe Biden will soon sign an executive order regulating cryptocurrencies sparked a surge in prices for privacy coins, Monero and Zcash this morning.
The privacy coin surge was not clearly linked to Russian sanctions or if this was the reason behind it. Regardless, the surge was a result of something, moving from US$169 to US$204, up 29.2% in an hour and a half.
There were fewer privacy coins with a smaller size. Dash gained 11% to $95. The Pirate Chain price rose 7.4% to $1.11.
