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XMRUSD trade ideas

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
BITFINEX:XMRUSDLong
by tcr_thecoinrepublic
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 ;)
BITFINEX:XMRUSDLong
by chickenboye
8
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.
KRAKEN:XMRUSDLong
by VasilyTrader
3
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
BITFINEX:XMRUSDLong
by tcr_thecoinrepublic
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
BITFINEX:XMRUSDLong
by tcr_thecoinrepublic
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.
KRAKEN:XMRUSD
by AriasWave