MONERO, XMRUSDT is waiting for triggerHello my friends. Monero is ready and just waiting for trigger so keep it in your watchlist. You can buy it after the base band and fib 0.61 is broken. Everything is clear on the chart for you. Good luck.
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XMRUSD trade ideas
Monero (XMR) to $380 before June? Never say never! Monero is a really interesting coin to me. I've been watching it for a while. It seems to be one of the few coins that is very-much anti-hype, and relies heavily on actual usage, community funding, and other measures of "organic growth". For a coin that has been battle-tested and around since 2014, you'd think it deserves a much higher price-tag! But where others see lackluster performance, I see one of the comfiest longs of all time. The risk/reward is insanely attractive. You can own >1/1millionth of the supply (until ~2040), today, for $4000-5000. This proportional network share is greater than or equal to (depending on when you compare, due to Monero's tail-emission) owning 21 bitcoins on the bitcoin network (currently worth more than $1,200,000).
Locally I see a potential bull-flag. But on a longer time-frame, there is undeniable fundamental backing that makes it impossible for me to ignore Monero (XMR).
Let's review some facts :
1) Monero is cheaper to use than Bitcoin. I have been looking at the stats from Monero.how to get accurate data on median transaction fee for the last 100 tx's on both monero and bitcoin. Consistently, monero is LOADS cheaper to broadcast. Currently, XMR median-fee is $0.0121 compared to BTC's median-fee of $28.6950 during the same time-frame.
2) Monero is faster than Bitcoin. XMR Average Block-time: 2 minutes! compare this to bitcoin's average block-time which has been only as low as 7.5 minutes in the past 3 years, and as high as 15.6 minutes, with the average 5-times as long as monero's around ~10-minutes.
3) Monero has faster proportional transaction-growth than bitcoin. Again, you can source this data from many sources but I choose to look at the stats on monero.how on a daily/weekly basis, personally. Take a look at the section in the middle titled Monthly transaction count . Monero has been doubling year after year while bitcoin's transaction count stagnates. Likely due to the bitcoin-maximalist narrative shifting from "A Peer-to-Peer Electronic Cash System" to a so-called "store of value" or "digital gold", instead; this narrative shift is likely fueled by the slow block-time and increasing fees pricing out most practical use.
4) Monero has built-in consumer protections. Monero is the only truly digital-cash crypto out there. It provides consumer protection so powerful that the IRS wants to crack it and the darknet is dropping Bitcoin entirely . Now, some people view monero's use in illicit activity as a bad thing. I would like to remind you that Bitcoin comes from the exact same background, with it being the only payment option on darknet-markets for years, and anybody who isn't buying Monero due to regulatory/illicit-use concerns will also have missed buying Bitcoin when it was worth <$1000 as during its early years the same exact regulatory concern existed. Furthermore, the corporate adoption of Bitcoin has not even been stopped by ugly, immutable facts (that people seldom like to discuss for obvious reasons) like this
Sit back, and enjoy the ride, my friends. DeFi and NFT are the hype right now, but Monero is inevitable. The price has doubled even after the bittrex-nothing-burger delisting scare (seriously? we lost <0.1% of daily volume) because Grayscale has announced their potential monero trust
All of this is going to look so obvious in hindsight. It just moves slowly. I think buying 1.87-18.7 Monero, at least, if you can afford it, will most likely lead to a fantastic return on a local timeframe for USD and almost certainly on a longer time-frame (yearly) as companies like Chainalysis continue to further control transparent blockchains and investors seek consumer protections like the privacy that monero offers.
That being said: this is not financial advice; I am not a financial advisor. All investments are inherently risky and there is a possibility of losing all of your principal investment. I think that covers the legal bases ;)
Monero XMRUSD: When to Buy
Hey traders,
I already have a long position on Monero.
The first long was opened at the end of February.
Now I am looking for opportunities to add more to my position.
XMR is currently trading within a horizontal trading range.
I am waiting for its bullish breakout (8H candle close above) to buy.
Taking into consideration that the market is trading in a strong bullish trend,
chances will be high to see a continuation all the way up to the current structure high.
Remember, that in case of a bearish breakout of the range, setup will be invalid.
Pullback from $215 in XMR's PriceMonero price traded at $231 with a gain of 3.25% in the last 24-hour and 6.17% up in the weekly time-frame. Furthermore, Monero bounced back from the support of $215. In contrast, the market capitalization stands at $4 billion. Technically, investors can perceive a positive crossover in SMA, but soon it will form a negative crossover in future trading sessions. Moreover, the price movement can be towards the resistance of $240.
Resistance: $240
Support: $215
Monero / USD Long PositionIdeal time to buy, enter Long position
1 TP 245 USD
2TP 261 USD
Long Long Long 🚀✈️
XMR Price Ready For The Level Of $300 The daily chart of XMR hints at the start of a bullish move. On coming to the shorter time frame of 4 hours, the coin has formed a accumulation zone. If the price breaks above 5% of the current position, it can see a rally upto $260 in upcoming trading sessions. TRX price can also see a new low if it comes below the zone.The coin price has seen a drop of 30% after hitting the 52week high on FEB 20,2021
The volume indicator is at 2.28K with the hint of lower buying pressure. If the price climbs above $250, then a strong buying volume can be seen.
Kindly comment your thoughts below
XMRUSD 1hr & 1d Charts Looking Healthy; VERY BULLISHFundamentals very strong, despite some exchange delistings
Maintained, and broke out of bullish channel which started June 2020 - trading nicely above long term SMA on Daily, and its being used as resistance on the hourly. Triangle Breakout pattern formed? Im new to this please advise me and critique this :)
MONERO - This Is How I Determine Price Targets + Trend AnalysisIn this video I share how I look for price targets.
There are certain conditions that must be met before you can determine a price target more accurately compared to just using the last low.
There are also other things to consider, especially because Cryptos are still in their infancy.
Either way it's fun to do it. Helps deal with FOMO. Puts things into perspective.
Just remember: I am not a financial advisor, I suggest using this only as a guide. Always do your own research.
How would you make this more realistic lmaoThese are copied and pasted trend lines of Monero's XMRUSD past price action if it were to happen exactly like it has done so far. Comparing to BTCUSD it seems completely unrealistic.
Radnom fib-circles added to look cool.
XMR Longterm OutlookI am personally bullish with regard to Monero.
The lowest it should go is $157 the week or next week, but that depends on market conditions.
Thereafter I expect a continuation to the upside fulfilling all the targets above. Do note that the moon target is not the final target, the final target is the last numerical target. Moon targets can take months to reach so it is better to stack more coins while waiting for them.
Parabolic SAR suggests A Negative Move For XMRMonero has seen a gain of more than 120% from the start of this year. XMR/BTC pair also performed a positive trend and can see a pump in the future. Investor should do their due diligence before investing.
Kindly comment your thoughts below
Bearish third wave for XMRUSDWave 3 is coming. I'm learning to use the elliot waves but yea 3rd wave.
* Wave 2: Common retracement levels
* 61.8%-78.6% of wave 1 (golden zone, most common)
* May also be 23.6%, 38.2%, or 50%
* Wave 3: Common extension levels
* 161.8% extension of wave 1 (most common)
* May also be 127.2%, 200%, 261.8%, 361.8%
* Wave 4: Common retracement levels
* 38.2%-50% of wave 3
* May also be 14.6%, 23.6% (sometimes 61.8%, but it must not retrace below the wave 1 top)
* Wave 5: Common extension levels
* 50%-61.8% extension of waves 1-3
* 161% of wave 4
* Equal length of wave 1
(COPY AND PASTED TO CLEAR UP THINGS)
EW Analysis: XMRUSD Monero May Face A Deeper Corrective DeclineHello traders!
Today we will talk about cryptocurrencies, specifically XMRUSD Monero in which we see quite clear pattern. We will talk about its price action from technical point of view and wave structure from Elliott Wave perspective.
Well, if you are familiar with Elliott Wave, then you know that after every five waves, a three-wave pullback follows. And, as you can see, seems like Monero may have a completed 5th wave, especially if we consider strong and impulsive five-wave drop from the highs, which can be an indication for a deeper, higher degree A-B-C correction that can send the price back to the previous wave 4 and 120 support level.
Currently, it looks like it's just in a slow three-wave (A)-(B)-(C) corrective rally within wave B that can find the resistance ideally here around 240 - 260 zone and from where we should be aware of another sell-off for wave C.
Invalidation level is at 288 highs.
Bu humble and trade smart!
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Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
LONG/SHORT could be either scenario it's consolidating and preparing for another wave!
lets see which trade will have a higher probability
