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XMRUSD trade ideas

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.
KRAKEN:XMRUSDLong
by juncrotysys
Monero Leads Altcoin Rally on MarketAt the beginning of March, Monero also faced a sudden volume and price increase as market players turned their heads toward "private" cryptocurrency solutions. The price of the asset reached $178 at the local peak. We observed the highest price for the asset on Feb. 10, when XMR was trading at $187. Related DeFi Tokens Tank as Devs Quit Though the asset shows short-term gains‌, Monero trades in a sharp downtrend along with most of the assets on the market. According to TradingView, XMR has lost almost 70% of its value in the last 300 days of trading. Monero reached its ATH in May and has been trading at approximately $480.
KRAKEN:XMRUSDLong
by rajeanromeek
XMRUSD 1W Cup & Handle 01/01/22XMR is presenting a long term favourable bullish structure. Technicals: Volume has increased into and during the handle, conforming to pattern expectation. Triple bullish divergence on RSI (indicating a significant decrease in downwards momentum), which has the potential to close above 50 this week - indicating momentum passed equilibrium point in terms of oscillation (to the upside). Stochastics (green & red) are presenting a fresh weekly cross above $223.43, which would imply an upwards oscillation is commencing. BBWP (volatility indicator) has increased from significant lows (<2%) and continues to present an increase alongside momentum. This is a good indication of a potential longer term, large move incoming in favour of the upside. Areas to monitor would be a breakout of the orange trendline to the pattern target of 35.2% from breakout and ~$517.60 for the handle neckline. A "perfect breakout" of the handle would implicate a price target to ~56.66% ($816.69) as per historical statistics. Also note that the average historical price rise for a "perfect breakout" for this pattern is recorded as 54%. Moonero? Let's see. This is not financial advice and always DYOR .
KRAKEN:XMRUSDLong
by fvideira
XMR/USD 1M - Cup & Handle - Conservative Target 850-1000 by 2024Cup and handle looks good to go. Lower circulating supply than bitcoin until ~2040. Canada/Russia waking people up to fragility of traditional money and even dangers of public ledgers like bitcoin. Ukraine officially accepting XMR for wartime donations. 4 of the 6 weekly top gainers are privacy based. Barry Silbert (hate him or love him, DCG is huge) re-tweeting XMR related info and recommending investors to have 5% of crypto portfolio in privacy coins. It's privacy season. You just don't know it yet.
KRAKEN:XMRUSDLong
by chickenboye
Monero looking to breakout after holding supportMonero XMRUSD is looking quite interesting today breaking out and looking to test the recent breakout and resistance. We are looking at a daily chart in this idea and I show current and past support and resistance. Like most of the major cryptos XMR has been quite bearish for a while but with this crypto it is at least looking to turn around. 140 is strong support and then on March 8th we see the big breakout in that larger range candle. On a side note one of my strategies for long term success has been to watch the larger range candles and more often look to enter after smaller ranges. Typically a large candle will pullback on the next candle a good percent of the time as we saw on March 9th. The current breakout will need to be watchful of the 200 resistance level but overall it looks pretty interesting. This is what the beginning of a potential trend change looks like. Getting back above 254 resistance really confirms it.
BITFINEX:XMRUSDLong
by Dancharles
Monero (XMR) Does history really repeat itself?Hello Traders, Today we are analyzing Monero . After doing a deep dive and zooming in and our of different time resolutions I have found some very interesting similarities to the previous run on XMR. The First point to note is the bottom of each run seemed end in a similar way to each other. Some what of a cup and handle pattern on the monthly time frame pictured here by the green paint brush stoke at the bottom of each run. The Second run obviously endured the Black Swan Event of Covid shooting a wick to lower levels and adding tons of fiat injected into the economy driving the prices back up quicker yet, the structure stayed very similar. After the neckline of this structure was broken we went on a parabolic run in both instances as well. Only pulling back to test the top of the prior structure neckline. So this leads us to the current situation that we are in now here. The price action has broken the neckline once again and being powered by Fiat injection has made a few different moves yet again, still echoing the past run. Now that the price is heading back down toward the neckline I see a possible two scenarios coming into play as you can see by the green and red arrows that I have placed on the chart. Regardless of which plays out, looking at this has made me gain some confidence on the next few moves I am deciding to make. I hope this research I have done helps you do the same. Keep in mind it is important for you to do your own research as well as I am not a financial advisor and these are just my own opinions based on my research. I hope you all have a green week and I will see you next analysis! Savvy
KRAKEN:XMRUSD
by Savvythe1
3
XMR Monero - Cup & Handle BreakoutXMR Monero - Cup & Handle Breakout Looks very similar to the gold chart pre breakout. Bullish targets on breakout above 212/225 282 373 438 Ultimate bullish breakout target = +512usd ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice. Good luck, happy trading and stay chill, 2degreez
KRAKEN:XMRUSDLong
by UnknownUnicorn7216011
XMRMonero after the surge of 2016 until the beginning of 2018, we entered a correction that started wave 2. But it is not just any wave. It is a complex second wave wave. In which it involves continuation pattern. Pattern cup and handle figure. When we break out of this loop we will see higher high prices. And of course, for that to happen we need to see bitcoin restore prices higher and higher. DISCLAIMER: Please note that my studies portray my personal opinion only and should be considered for educational purposes only. They should not be considered as a recommendation to buy or sell an asset! I am not responsible for any damages to your capital. Your capital is at risk in the equity market.
KRAKEN:XMRUSDLong
by DuhNT