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XMRUSD trade ideas

Can privacy crypto's be a hedge for crypto regulation season?Throughout time we have seen how privacy tokens demand have raised with regulation fundamentals from governments. this phenomenon usually takes place as certain crypto investors rush to privacy coins such as Monero (XMR) to avoid any problems arising from any regulations on cryptos. In the charts above you can see how Monero has declined to its major support and is currently trapped within a bullish diamond bottom prior to making a bullish swing. The risk to reward ratio from this three-drive Setup is extraordinary as a swing to the midline of the channel and or the top of the channel gives us a great risk to reward ratio. For BTC Roadmap and its effects on alt's view BTC chart below. "We are in crypto to remain cryptic." S.S
KRAKEN:XMRUSDLong
by Zivul33
7
Monero Price Analysis — April 20Unlike other cryptos, Monero has maintained a steady upward trajectory since its slump to the $132 low in late February. The privacy cryptocurrency has exhibited significant resilience by remaining unmoving during broader market bearish runs but following bullish waves. That said, XMR tapped its highest level since November 21 on Monday after hitting the $270 mark but recorded a sharp correction to the $250 mark shortly afterward. However, the bearish correction appears to have run its course, as the cryptocurrency rebounded above the $260 mark in the early session on Wednesday. I expect a retest of the $270 top, where my two-month-long channel top resides, over the coming hours, which should prompt a leg up towards $290. Meanwhile, my resistance levels are at $270, $280, and $290, and my support levels are at $250, $240, and $230. Total Market Capitalization: $1.92 trillion Monero Market Capitalization: $4.7 billion Monero Dominance: 0.24% Market Rank: #32
XLong
by Mr_Wogbe_Alex
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
XLong
by Pulkanatir
6
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! ------------------------------------------------------------------------------------------------------------------- 📊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 -------------------------------------------------------------------------------------------------------------------- 👉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 🗯💭
X
by PRO_SMART_Trader
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. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
KRAKEN:XMRUSD
by TradingShot
1
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*
KRAKEN:XMRUSDLong
by DrDovetail
2