XMRUSD trade ideas
PATIENCE EQUALS PROFITSMind set is everything. Trusting your mark ups will play a major roll in the ability to be able to hold your trade for a period of time. This was a four day trade. Despite some pull back, I trusted my mark ups and the market gave me just what i wanted.
Pivot stop out of highs is nice exitEXIT Conditions ( termination conditions)
went flat XMR on a double top pivot stop out of the yearly high and subsequent reversal.
When i teach day traders to look for reversals this is one of the key pattern.
Monero, some thoughtsJust an idea, my personal opinion
Are we approaching a new steeper Uptrend Channel on XMR? ;)
If so, follow the arrows!
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***ALL MENTIONED IDEAS ARE MY OWN OPINION AND ARE NOT A TRADIGN ADVICE***
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XMRUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis.
Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on XMRUSD. Here as you can see, the market broke above the previous highs of 243.344 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 244.287. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 229.178, and my target @ 261.366.
Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day.
Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Monero (XMR) Pump or Retrace? Approaching Potential ResistanceThanks again HUmair for the suggestion.
We are looking at touching a critical fib/structural level as potential resistance. If we cannot break past we are likely to see a retracement to the next major fib zone prior to another push upward.
GOOD LUCK and use proper risk with stop losses.
XMR to retest 377? Trying to retest previous high of around $275. Breakout to this could retest $377.
Support is seen at $175. Trade Cautiously.
XMRUSD Bullish Until 1000$Monero have been showing heavy bullish signs. I do believe we could see a heavy pump to 1000$. As i believe its heavy undervalued and just had a hard fork in October. Show your appreciate in the comment section and show your support.
XMRUSD Possible Runner UpMonero has already broke out of a consolidation funnel and will probably be one of the first coins to continue trending upwards in the forth coming altcoin rally.
XMRUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis.
Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on XMRUSD. Here as you can see, the market broke below the previous lows of 211.60 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 220.19. Since my entry got hit, I put my stop loss above the most recent high @ 232.04, and my target @ 205.86.
Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day.
Disclaimer: This is not a recommendation, advice or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Monero back in the data sets already! LOLI just covered my long for -1% on my last XMR call and now we are back to having more positive data for big $ interest. Alas.. the life of a trader! lol... But, like so many other charts out there... (see my links for ETH and DOGE on this post for reference) there is no momo right here. Charts on all timreframes look to be in a slowdown and consolidate mode. This 1440 tick shows it well. Now, if you are long term bull thesis these are GREAT areas to accumulate. Finding the range and bidding in the lower areas can be a super good risk conscious way of building a position (lots of big funds do exactly that.) But, for us, we trade... and this isn't the pitch we are looking to swing at yet.... yet. :)
Technical Indicators Hints A Bullish Move For XMR Price ForecastXMR price forecast a gain of 18.5% in upcoming months.Monero has seen a gain of 66.16% from the start of this year.XMR swaps longs are increasing in the exchanges.The ratio between the longs and shorts in the overall exchanges is 1.34.It tells that the people are bullish on the Monero.According to the Bybt.com the most swaps orders are placed in binance exchange which is 60% of the total.It tells that the investor are bullish on the Monero.The only exchange which has negative funding rate is Okex on XMR swaps.
Kindly comment your thoughts here
XMR coming up with some big $ buying interest in the dataNot really a fan of the Monero project (too centralized) but the buying interest in this name can't be denied today. A good risk conscious bid might be in the 222.04 area for a target into all time highs; unless volume lifts from here... which it looks like it might, then the buying area would be higher. If it does this post will be updated.
Is XMR Going To Give A Pullback From $215Monero price traded at $216 with a loss of 7.80% in the last 24-hour and 3.20% down in the weekly time-frame. Furthermore, Monero price plunges below the resistance of $240. In contrast, the market capitalization stands at $3.86 billion. Technically, investors can perceive a negative crossover in SMA in future trading sessions, Moreover, the price movement can be towards the next support of $201.
Resistance: $240
Support: $215, $201
