XMRUSD trade ideas
Monero is showing an absolutely incredible pattern in the chartsMonero (XMR) is showing an absolutely incredible pattern on the weekly and daily charts. Monero is one of the very few truly decentralized and anonymous blockchain cryptocurrencies on Earth, which is why the powers-that-be are working to make it harder and harder to obtain. This is why it was dropped from the criminal/fraudulent Ponzi scheme known as Binance recently.
I see good things coming for those who hold this crypto in terms of usage.
Good luck, and always use a stop-loss
Potential XMR trading OpportunitiesRight now I think XMR lacks the support to push past 140. It's bounced to 130 a few times recently. I think loss of buying interest will push it down for a good day trade opportunity in the $126-128 range as XMR makes one last spurt up to ~$131-132. I think an intraday trader could look for a solid buy-in range around the $119-124 range marked on the chart.
Right now the RSI is low and Bollinger band relatively high so a more risk-willing day traders might take that opportunity but I'm personally going to wait an hour or so and see.
XMRUSD: falling wedge patternA price action above 141 supports a bullish trend direction.
Increase long exposure for a break above 150. This level is also the 61.8% Fibonacci retracement level.
The target price is set at 163 (its 78.6% Fibonacci retracement level).
The stop-loss level is set at 129 (just below its 38.2% retracement level).
It will appear that a falling wedge pattern is busy developing.
Such a pattern is bullish in nature.
Short Term Sell Off long Term GainsXMR has seen some recent loss in buying power (I have another post on day trade targets if you're interested). For long term potential, XMR has seen a large amount of buying pressure. Also consider that anyone that has bought XMR in the last 4 years or so, outside of a few bearish blips, would be selling at a loss right now.
I'll look more. into it but I can see it dropping to 80-90ish before it retraces. Depending on interest in this crypto, it might only blip down to 110. I'll look more into Fib retracements and how those function for perhaps a better answer on this bit. Long term Investment of this looks significantly better to me than most cryptos though if you were to buy in right now (which as per another post, I think most crypto is going to see a correction).
A serious chartThis huge chart is truly impressive to me.
If you like macro plays, this is possibly the best cryptocurrency chart.
This is a chart that should make you question the fundamentals of crypto.
The question is "Can Monero be the thing Bitcoin cannot be??" Should Monero become that thing? I don't know enough about it.
What I see is that Monero has some solutions for some of the technical problems of Bitcoin. Are they good enough? I'm not confident yet. But the chart says that there might be an interesting future for Monero.
This delisting event has done two good things Monero.
1. Eliminated weaker hands.
2. It drew attention to the project. Some people like me asked "What the hell is Monero?"
Monero is not going to zeroBlackRock coin does hahahaha
I have no problems with this chart. Beautiful reaction. If it closes the week somewhere above 133 I'd say it will continue.
XMRUSD: bounce-back price action?A price action above 128.00 supports a bullish trend direction.
Increase long exposure for a break above 139.00 (its 50% Fibonacci retracement level).
The target price is set at 152.00 (just above its 61.8% retracement, which is also close to its 200-day simple moving average).
The stop-loss is set at 117.00 (is 23.6% Fibonacci retracement level).
Remains a risky trade.
Uncertain trend but the price is tempting at these levels.A potential reversal in a break of a swingtop, but it's in a uncertain trend on the daily chart. With the delisting on binance I know it can be a risky move to get in but with this sell of the RSI moved in the oversold and I don't see the coin killing itself like a terra Luna. These prices are really tempting considering we are in a bull market and this is a top 100 coin. But if we see if big pullback in the market, which we might cause where in a greed state, it could maybe test or go below 100. Right now it looks like a good entry.
XMR Short Opportunity (Delisting News From Binance)Bearish retest at important zone make sure don't over trade with this one and follow Stop loss as given and Target too.
✴️ Monero Looks Bad | 213,309% LongTerm Support Level ChallengedWhat is happening right now is bad for this pair... Monero is likely headed towards $33, sometime similar to what will happen to Binance Coin in the close future...
Good day my fellow Cryptocurrency trader, I am hoping you are having a wonderful day.
Each time I think about Monero I get images of the conversation a guy was having with Satoshi back in the early Bitcoin days. This guy was asking about certain features to make Bitcoin more private, I always get the feeling that he was a Monero coder/developer/creator, don't you think the same?
Monero (XMR) Long-Term Chart Analysis
The longest moving average we track is EMA300, Monero is currently trading below on a weekly basis.
We have important long-term, historical, support levels mapped on the chart.
➖ The main and strongest level is based on the Fib. retracement for the biggest bullish wave between early 2015 through early 2018. The 0.786 Fib. retracement level for this entire move, which produced a total of 213,309% growth, is set at $100.65. XMRUSD already wicked below hitting $99.34, on the highest bear volume since May 2022.
➖ The next support level that is relevant to us right now is the related to the bullish wave that took place from March 2020 through May 2021, we all know this one. Total growth peaked at 1,886% with the same 0.786 Fib. retracement being $131.25. XMRUSD is already trading weekly below this level...
If XMRUSD moves weekly above $140 this would be extremely positive, closing bearish below the above mentioned level can be detrimental and seeing that we have an almost 3 years long distribution phase, the fate of this pair has already been decided... I believe what we are seeing here is the same that we will see happen to Binance Coin and some other projects that will only come to light once I start looking at charts on a long-term basis.
What type of disaster is going to hit the Cryptocurrency market?
I can guess! Something related to Binance, Ripple and/or the SEC, or Kraken going down... Something completely unexpected, who knows.
Whatever happens though will be temporary and the end result will be strength.
It will be felt all throughout but nothing we haven't experienced before.
Potential targets (support levels)
I don't know if the bottom will be at $33, I lied about that one.
The incredible growth between 2015 and 2018 makes it hard for me to extract numbers as I usually do that can work as support for the long-term picture, here are some targets though:
1) $77
2) $58
3) $37
2) $29
The good news
Prices don't necessarily need to stay down, then can go down and then move back up... Think March 2020.
Thank you for reading.
Feel free to comment with your questions.
Thanks a lot for your support.
Namaste.
XMR is going to surprise usAfter the shocking news for XMR, it continues and it is not going to be destroyed. I am waiting for 500 dollars.
Monero one of those "wish I bought more"sYesterday Monero CRYPTO:XMRUSD dipped over -30% on new that Binance was going to delist it and other multichain (privacy based) currencies.
When I first saw the drop of my watchlist I feared that some part of the Monero protocol had been broken and that its privacy focus had been circumvented. Once I informed myself of the "reason" for the drop I became more bullish on Monero. The fact that it was being delisted for being "too private" means the protocol is working as intended.
I suspect that the drop was due to users of the largest crypto trading platform being forced to sell their holdings or covert them into other currencies to get them off the Binance platform. This is likely one of those price events where once the market realizes there is no fundamental change to the asset price recovers quickly.
From a technical standpoint; CRYPTO:XMRUSD Did not even hit the July 2022 critical low in this move.
Monero Playable- Well this chart will be a bit difficult to understand, so follow the graph and the famous bubbles..
- XMR i a strong privacy coin, notice the asymmetry from 2018 to 2022. stunning!
- XMR is not an FTX shitty token or a scam coin, this project is here to stay.
- Monero is comparable to Litecoin, they start always their bullish trends before the other altcoins.
- Litecoin because of his halving earlier than BTC, XMR because it's like the little brother of TheKing for the Darknet.
- So to play this trade you have to follow BTC movements, because if BTC dip more you know already what will happen to XMR..!
- Remember also that for now we could go sideway for while and it could be very boring, so be patient.
- Play like a robot don't be greedy, respect your gains and take your lose or hodl (up to your strategy).
- Always invest what you can afford to lose.
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Trading Part ( Look the chart to understand more )
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Now : Nothing to buy !! ZERO !
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Scenario 1 : Play the Dip ( Dangerous mode )
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- Buy 120$
- Rebuy 100$
- TP1 170$
- TP2 250$
- TP3 350$
- SL : 95$
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Scenario 2 : Play the Breakout ( Soft mode )
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- Buy 180$
- TP2 250$
- TP3 350$
- SL : 165$
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- if you understood my chart, i can tell you, Bravo!
Happy Tr4Ding !
Monero (XMR) to $4000The above 10-day chart has so much going on, how to keep it short? Of all the data I’m trawling through there’s an observation among privacy tokens that continually catches my attention, no matter which, there’s incredible bullish macro structure unfolding. With one in particular and it is not XMR.
On the above 10-day chart price action has corrected 70% since the sell signal (4-day chart below) in May of last year. A number of reasons now exist to be bullish:
1) The ‘incredible buy’ signal + bullish divergence (3-day chart below).
2) Price action breaks out of bull flag formation, just as it did in February 2020.
3) Price action tests median line of bull flag just as before in 2020 and confirms support with 10-day Dragonfly DOJI candle. Wow. What a beautiful fractal.
5) The bull flag extension takes price action to $1150
6) A larger Cup and Handle pattern is very clear to see. The pattern would confirm with price action finding support on $410. After that the measured target is $4000.
7) Wink wink nudge nudge - don't know what I mean? Shame. (for those in the know, rules confirmed).
Is it possible price action falls further? For sure.
Is it probable. No.
WW
PS: ask me for updates below.
Type: trade
Risk: <=6% of portfolio
Timeframe: 18 - 36 months
Return: 10-20x
4-day sell signal
3-day buy signal + bullish divergence
XMR lifeline...Hello fellas,
Figured I'd try to bring this for the ones who fancy these things...
Would you buy this near the $75-$95 bucks?
Lets find out how the world will react to coins like ZEC and XMR in about a year.
Trade thirsty my friends.
XMR. Lack of liquidity to maintain price levels.The likely Monero drop may continue and amount to another 20%. The breakout exactly coincides with the lower line of the channel and is a price magnet level. Most likely, a series of delistings will follow and will not stop at one exchange . Now it is not the best asset either for hodl, or for speculation, or for transferring value.
"Monero Roars: Bull Run Signals Potential Multi-Year Rally!"Monero (XMR): Chart Analysis Indicates Multi-Year Bull Cycle Amid Privacy Focus
Monero (XMR), a leading privacy-focused cryptocurrency, is captivating the attention of traders and investors not only for its unique attributes but also for the compelling price setup that suggests a potential multi-year bull cycle ahead.
Privacy at Its Core:
Monero isn't just another cryptocurrency; it's a digital asset engineered for privacy and anonymity. Utilizing cutting-edge cryptographic techniques such as ring signatures, stealth addresses, and confidential transactions, Monero ensures that users' financial activities remain shielded from prying eyes. In an age of increasing surveillance and censorship, Monero stands as a beacon of financial sovereignty, offering individuals the ability to transact freely and privately, without fear of surveillance or censorship.
Community-Driven Development:
Monero's development is steered by a passionate and decentralized community committed to advancing the principles of privacy, security, and decentralization. Unlike many cryptocurrencies, Monero has no pre-mine or founder's reward, ensuring a fair and equitable distribution of coins from the outset. This grassroots approach to development fosters innovation and ensures that Monero remains true to its core principles.
The Price Setup:
Against the backdrop of Monero's privacy features and community-driven ethos, its price chart reveals a compelling setup that hints at a potential multi-year bull cycle. Technical analysts have identified what appears to be a six-year cup and handle pattern—a bullish formation that typically precedes prolonged periods of price appreciation. The cup formation, which began around 2018, showcases a gradual accumulation phase followed by a consolidation period characterized by relatively stable price action. In recent months, Monero has shown signs of breaking out from the handle formation, with price movements suggesting a potential upward trend continuation.
Implications for Investors:
For investors seeking exposure to a cryptocurrency with strong fundamentals and growth potential, Monero presents an enticing opportunity. If the cup and handle pattern indeed materializes into a multi-year bull cycle, investors could stand to benefit from significant gains over the long term. However, it's essential to approach investment decisions with caution and conduct thorough research, considering factors such as market volatility, regulatory developments, and macroeconomic trends.
Conclusion:
In conclusion, Monero embodies the principles of privacy, security, and decentralization in the digital asset space. As its price chart suggests the potential for a multi-year bull cycle, investors are presented with an opportunity to participate in the growth of a cryptocurrency that prioritizes privacy and financial sovereignty. While the outcome remains uncertain, Monero's fundamentals and technical setup offer compelling reasons to believe in its long-term potential.
MONERO bullish!!!Just get in, put stoploss.
This coin has been doing it super well in the past. I think we will reach alltime-high soon.
Trade save.
XMR bullrun is nearIt is one of the symbols that is moving above 500 days in a limited RANGE. This symbol appears to be completing a very large diametric.
The green area is the strong bottom. Now it seems that we are in the last correction wave, that is, G from G.
The last corrective branch i.e. wave g of G is expected to be completed and the bullish wave will begin in the form of a large D wave
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Monero major supportThis analysis for a swing trader who look for major support to enter.
You can see that XMR already hit major support. this support are the most strong support for monero since the beginning.
If you look for long buy and hold for bull run after CRYPTOCAP:BTC halving, this is it.
Bullish target from this support at major resistance around 290% profit target at $578
Good luck, and see u at $578 for new update.
Monero 2020-2021 fractalThere are some similarities with the 2020-2021 fractal. If it's able to break into the next range (about 174-270) I believe something beautiful could happen to Monero next year.
