Monero XMR - Short term short I am short until $145. We should see a rejection at $211 and a bounce at $145. At that point, I’m looking for an aggressive re-test of all time highs. XShortby colbyadd0
Head and Shoulders formation on MoneroXMR is one of my favorite projects and so I kinda feel bad shorting it but there is no virtue in losing money in the market as a trader. Often on charting you can look left to right to see what is going on but to get the best understanding I am going to go through how this chart actually developed so you can see it as I do. The purple trendline has been on my radar for literally years and I was very excited to see it turn into support in early 2021. From there rather than develop a bullish pattern I see instead a bearish pattern develop, a massive seven month long head and shoulders and I see that purple line has roughly failed as support. Given my overall sentiment that crypto is bearish I am looking to short. The Fibs set up my target setting from the a low on a rough neckline to the top of the head. There is a lot of wicking going on and so if price action breaks down and then has a relief rally a truer look at what the neckline was may be determined by the peak of that relief rally. Next up is some volume analysis to verify the fib target. I chose just before the formation of the purple trendline. Picking the Volume profile is bit of an art and that worked for me. This visible range lets us see the 1.618 is at a high volume node. Given the low volume node right below it we have to possible scenarios either we consolidate there, get above the Upper Value Area and probably set a new all time high, or we progress to the high volume node at around $50. A look at the moving averages shows that the $100 target is at the 300 week SMA, not a traditional SMA target. At that time frame and length the 300SMA is basically the 300 EMA as well. A look at the Monthly Keltner channel suggest that we could get really close to $70 by the time this bear market is over. That would make this whole formation a massive consolidation channel. Here is the formation I am using for my short entry. At 189 my margin sell order at 188 will be placed on the books. After that I will look at setting my take profit and stop losses. Shortby This_GuhyUpdated 448
XMRUSD analysis (request for jreback)This was more of a request from another member @jreback Just to be clear I'm not trading this market right now. First thing I see is the ascending wedge that formed back at the start of July, this is one of the only types of Break out patterns I trade to the Upside as it generally offers great Risk to Reward and fast price action with very little market structure to clear to the left. How ever the failure on the squeeze saw selling pressure take over and win this battle so more downside coming. Current market structure is a slow bleed as we find new lows, the support level marked is formed from structure back on the uptrend a few months ago. One thing i noticed is the large volume spike over the last few days didnt really have the price action you woul expect and noticing 5 short candles with large wicks to the upside tells me a lot of that volume spiking is sellers pushing price down as there is obviously a large supply at that level. Im assuming this may continue to bleed lower over the next week or so and would look for a new reaction on the candles when coming to that support level around 171. Watch those 2 small circle areas from the lower support of this range, an early break could see a much faster drop imo. XShortby DeNomics1
Monero at exciting levelsMonero is at some very exciting levels. Fundamentally it is off the ATH quite a bit and if you are into buying and stacking in cold storage, it can be a great level if you are a believer. As a trade, it is at an exciting and also psychological level of $200. Some people want to play it short, that makes sense looking at the technical analysis and breaking below 200. However once you mix it with the fundamental analysis, personal belief in the coin, the project behind it, the huge community it has, all indicators are shouting BUY. That is not to say it can't go lower, be careful if it breaks and have stop losses in place. As a personal long term play, I am adding more Monero to my portfolio and if it drops I will add more. As a trade, I am waiting for it to break up and will open a long term trade with tight stop losses, moving the SL up to the entry position once it goes up, then letting the winner run and looking at the technicals when to take profit and look for new positions to enter. Good luck :)Longby Atlas-Horizon2
#XMR monero correlates with the general market... but at somepoint should decorrelate in a mature market.Long08:29by BallaJi1
XMR c&h Just speculation on future price. However imo we all do know that this will happen. Longby plus662
Cryptocurrency MONERO (XMR) Buy Signals On D1Monero,D1: Mirror level + Side of Bollinger bands + Spinning Top + Sell OffLongby Dmitry_Nikolaev4
XMR DOUBLE TOP? -LONG-Not falling for the double top scenario. Privacy wave forming behind the scenes. XMR top dog right now so load up!Longby UnknownUnicorn7381707Updated 4
XMR - $774XMR is currently trading close to the resistance at $278. If it can break this resistance, we could start seeing a move towards $289, $304, $319, $340, $367 and $445. If it can consolidate above $445, we could start seeing a move towards $570, $696 and $774. Failure to break the resistance at $278 could lead to a drop towards $241 and $198.Xby cryptomathemagician224
[NOOB]Possible trading range on XMRUSD 4HRNew to trading and saw a nice little range or channel or whatever on the XMRUSD 4HR. I'm just publishing it because I want to keep an eye on it and maybe other people had some recommendations for making my range boundaries more accurate or whatever. I'm shorting the resistance and longing support and am trying to keep the overall trend in mind so I don't trade against itby StumpGrinder0
Monero (XMR) Price Prediction June 15 21 | Profits Hit | 9x Quick update and summary. We hit both targets on the short term short and the long term take profit! Now we are reassessing the most lucrative entry points. We are being presented with another shorting opportunity as we brush against the resistance zone of $278. Remember, use proper risk, consider martingale on this setup, and WAIT FOR CONFIRMATIONS!!!! I rather you miss trades then force them. GOOD LUCK TRADERS!Long12:25by PlutusX4
XMR/USD 1d Cup and handle patternAlways look for charts with most historical data, seems like XMR is printing one of the biggest cup and handle pattern in crypto. BULLISH! Longby UnknownUnicorn22804749117
XMRUSD 4W: 1000% gains BEST level TO BUY/HOLD(SL/TP)(SWING)XMRUSD 4W: 1000% gains BEST level TO BUY/HOLD(SL/TP)(SWING) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. previously recommended buying low. READ ENTIRE IDEA BEFORE EXECUTION. 🔸 Summary and potential trade setup ::: XMRUSD 4weeks/candle chart review ::: accumulation in progress now ::: 1000% gains is not a typo ::: potential C*H setup BULLS ::: focus on BUY/HOLD near ::: range lows later ::: right now CORRECTION MODE ::: 50%+ sit it out and buy low later ::: LONG RANGE OUTLOOK ::: this is not for short-term traders ::: accumulation NOT COMPLETE YET ::: 1000%+ gains still possible ::: currently trading near range highs ::: BUY/HOLD setup TP +1000% ::: previously recommended buying low ::: up to 1000% gains possible later ::: SPECULATIVE SETUP ::: do your own due dill ::: and use proper risk management ::: TP bulls is +1000% gains ::: details: see chart ::: SWING TRADE: BUY/HOLD IT ::: AFTER 50%+ correction!!! ::: good luck traders! ::: BUY/HOLD and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: BEARS/CORRECTION ::: Sentiment short-term: PULLBACK/RANGE LOWS RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.XLongby ProjectSyndicate5572
XMRUSD H8: STAGE2 DUMP 50%: SHORT IT from 300USD(SL/TP)(NEW)Why get subbed to to me on Tradingview? -TOP author on TradingView -15+ years experience in markets -Professional chart break downs -Supply/Demand Zones -TD9 counts / combo review -Key S/R levels -No junk on my charts -Frequent updates -Covering FX/crypto/US stocks -24/7 uptime so constant updates XMRUSD H8: STAGE2 DUMP 50%: SHORT IT from 300USD(SL/TP)(NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as SHORT because I expect CORRECTION once we hit 300USD. 🔸 Summary and potential trade setup ::: XMRUSD 8hour chart review ::: heavy resistance overhead at 300USD ::: BEAR FLAG in progress now ::: in previous downtrend - expect more losses ::: measured move correction ::: Previously similar distribution setup ::: In April/May 2021 before 40%+ DUMP ::: BEST level to SHORT is near 300 USD ::: BULLS stay out until correction is over ::: BEARS can short from overhead resistance ::: 300 USD heavy resistance won't pass ::: Stage2 50%+ correction possible/likely ::: currently no trade setup for active traders ::: shorting near range highs makes sense ::: 300 USD is heavy resistance / SHORT IT ::: TP BEARS is re-test of 150 USD ::: recommended strategy: SHORT 300 USD ::: good luck traders! ::: SHORT HIGH and get paid. period. 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment mid-term: PULLBACK/2/50% ::: Sentiment outlook short-term: FINAL PUMP/300USD RISK DISCLAIMER: Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.XShortby ProjectSyndicate3355
We are accepting requests!We are accepting requests for chart reviews. Crypto, FOREX or equity. It doesn't matter. We love market analysis and TA! This won't be some kind of financial advice for your portfolios, so do your own research and make your own decisions about your trading or investment related moves.Xby Rykin_Capital0
xmrusd wave 5 ended bearish cycle startedxmrusd wave 5 ended bearish cycle startedShortby Elliottwavesturk222