XMRUSD trade ideas
The Fibonacci Trend Tool (Featuring XMR)How I use the Fibonacci Trend tool, an intuitive place to start if you're a new trader looking for a way to tame the madness. When properly fit to your chart, it can offer weeks of predictive value.
Potential setup on MoneroDescending triangle seems to be forming.Breakout to the upside was tried and failed. Watching if it plays out on the downside
XMRUSD Time for accumulationPattern: Bullish Megaphone on 1D.
Signal: Buy on the MA50 as the RSI got rejected while the price hit the top of the Megaphone.
Target: 400.000 which is the top of the Megaphone and just below the 2.382 Fibonacci Channel extension.
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Monero/XMR is a sleeping giant.Monero has one main purpose, to ensure privacy between users and it arguably does it better than any other cryptocurrency by offering privacy by default.
Pros:
- Atomic swaps might be released by the end of the year allowing for trust-less BTC<->XMR swaps
- Grayscale considers launching a Monero trust, if it happens they would probably be accumulating right now
- Michael Saylor mentioned in a podcast that if people want privacy they should "just use a Monero"
- Averaging around 4x the number of transactions since the last ATH in 2017-18
Cons:
- Exchanges in Australia and the UK aren't allowed to list XMR
- Possible regulatory scrutiny by other countries targeting privacy coins
- Associated with crime (some could see this as a pro)
There are many more pros and cons, which I might add in later. Targeting $420 by year's end.
Mean-reversion SHORT - XMRUSD/MoneroGreetings folks,
XMRUSD has been increasing quite sharply on the daily chart as of late.
My system has made a recommendation to short at the low of the previous bar with the TP being 182.94.
However, my system has only had 3 past trades giving us 3R returns or an expectancy of 1R with a 67% winrate.
Cheers,
PineConnector
Long TradeI work out a Bipoon signal to buy XMR. The next attempt to set a new maximum. Move is started.
Monero 300$Everything is in Graph. Privacy is future, they can delist what they want, Monero not gives a shit. XMR already replaced BTC in the Darknet.
Buy zones for XMR are simples :
- if price fall between 100$ to 150$, you are in the green buy zone.
- TP is 299$
More simple than that i cannot be.
Happy Tr4Ding
power of altsThis shows you how every one has been preforming lately, and by everyone I mean the 7 or so coins I have on my radar lately!
MONERO COIN expextationsthe monero is a very good coin that we can invest in it
she is growing with a very fast rhythm
SO I recommend to wait untill the price fall back and buy it
The Target of price XMR on $187, Is possible?If we pass of resistence on $ 161,00, the price's target is in $187,00.
Thanks guys!!
Long Case for XMRTouched 190$ resitance line (first touch) and getting support from previous swing low support at 147 (fat blue line). As long as we don't wig through 120 support we are safe. Next move to break 190$ resitance.
#Monero #XMR possible targets for 2021 If the resistance range of $ 160 to $ 180 is broken,
Monero possible targets for 2021 are:
TP1: 285 $
TP2: 500 $
TP3: 850 $
TP4: 1280 $
STOP LOSS: UNDER 116$
Bull flag for XMRUSDI see a bull flag. Wait for a breakout and enter when it does. Remember to adjust your stoploss to ATR SMA 20 every now and then. I am going pretty new to trading just to let you know.
XMR so much confluenceWow don't think I've seen this much confluence on a chart before. Monero looks ready to rocket
XMR potential resistance retestXMR is potentially creating this harmonic pattern. If this is completed we can expect to major channel trend resistance.
Closure above trend resistance would indicate strong bullish continuation.
$148 - 146 are critical support zones. Closure below this area would indicate a downward trend.
Drew some lines inspired by the Bitcoin Rainbow ChartSure, it’s not fancy math, but I was inspired by the well-known BTC rainbow chart. There are similar analyses to the rainbow chart posted here on TradingView. This is my first post so constructive feedback would be appreciated!
Hopefully my sketch is interesting to y’all, fellow XMR hodlrs! To the moon!
