XMR 's headed towards 558 USDThe Miracle Markets Waves for XMRUSD give the information that big players are buying XMR vs USD
Medium players are on the bottom of the curve and will start buy XMR soon.
I see 558 as a good target for Monero in the next days
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XMRUSD trade ideas
Assets moving from Bitcoin to privacy coinsPrivacy coins slowly starting to gain momentum. We're seing a bearish pattern on Bitcoin futures and more and more censorship and fungability issues. Privacy coins expected to rise and make up slower growth in the previous months. We're now seing a breakout from the bearish trend of the XMRUSD/BTC1! ratio with the minimum target of 3x. Sell Bitcoin to buy Monero. Risk = all money invested. Reward = at least 3x if not more.
All in on XMR BINANCE:XMRUSD
Im longing XMR (Monero) - Exchanged all my ETH + BTC into XMR
I love the concept behind it and how its the only true Crypto left
The Colonial Pipeline ransom was paid in an 'untraceable cyrpto currency', most likely XMR, so thats a solid proof of concept behind the idea of this currency
I felt this was a nice dip to enter in at - $6B Market Cap so good amount of room to grow
BE CAREFUL FOR A PROBABLE DOWNSIDE CORRECTION-5 MAYDear traders, the chart of this pair shows an exhaustion right below the 440$ level. The minor rising trend line is broken and the pair is trading around its WP. This could be an alarm for a probable downward move to the 344$ or even 292$ in deeper correction. Let's See!
You will not believe the prices Monero will reach!!A comprehensive view of the Long Term perspective of Monero (XMR) shows that we are playing out a Macro move here in a MACRO WAVE 5; this is complimented by the extended wave structure we have seen since the bottom at $24 in March 2020 which gives us the indication that a extremely large move is playing out which often moves quicker as you get towards the end of the move; with a long term target of $3000, it is expected that we move much more aggressively to the upside especially after getting above the Schiff Pitchfork Median line and also above the last resistances in the price history (all time high & last weekly orderblock). This all adds to the bullish sentiment and expectation of much higher prices; furthermore, as we move to lower time frames the high expected prices become more reasonable as we see we are in a Minor 5th wave, but within this we see an extremely extended wave count that suggests this Minor 5th wave will be extremely extended and large further complimenting what was previously stated that the end move in this MACRO WAVE 5 would be extremely parabolic and quick in duration. Lower time frame targets compliment the higher time frame targets with confluence in the $1000-1300 range in this next Subminuette wave 3 push towards 0.5 Green Inner Median Line before consolidation/correction and a further terminal move towards the $2000-3000 range.
I will publish a further analysis on lower time frame of Monero for a more layered appreciation of where price can head.
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Check Below
XMRUSD Buy the pull-back for $590.Monero is seen very effectively on the Fibonacci Channel formation but since August 2020 has been trading within a Bullish Megaphone pattern.
The peaks have matched well with the Fib levels of the Channel with the current one being at 2.5.
Every peak is on the 1.618 Fib extension from the previous bottom.
Also every peak is made on or right after the LMACD forms a Bearish Cross.
Right now the LMACD has made a Bearish Cross. Assuming the low of this phase was made on April 23 (otherwise if a new low is made you'll have to readjust the Fib and calculate the extension from that point) and since the Higher Highs trend-line of the Bullish Megaphone was reached, XMRUSD is most likely on a peak. The pull-back should bring a new Higher High at around $590.
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