XMRUSD trade ideas
H&S forming on 1H chartIf the daily MA keeps getting rejected we're probably heading to $100.
In addition, RSI Bearish divergence and sell signal on MACD daily chart
Sell XMR Buy USDWeekly
Looks topish
T/P 84
S/L 138
R/R 2.22
Stoch sell signal trigger
MACD blue line convergence potential
Be Profitable
Monero Long Opportunity and Subsequent Short OpportunityHello traders !
We can see that price rejected 0.786 fibonacci level which nicely fits with a support trendline. I expect price to rise to -0.272 fibonacci extension level which also fits - this time - with a weekly resistance level. It’s farther then support trendline so I expect a fakeout there. You can also see the Elliot Wave Theory. We have 4 wave completed and we want to see the last one before A-B-C correction. This EWT nicely fits with a harmonic pattern. I expect price to rise to -0.272 fibonacci extension level and then a long downtrend. At the end of this ABC correction and harmonic pattern we should expect price to rise again.
Thank you for reading !
Monero headed towards $150Monero - Intraday - We look to Buy a break of 140.52
A break of yesterdays high would confirm bullish momentum.
Current prices have reacted from a high of 139.50, however, we expect further gains to follow.
Further upside is expected, however, due to the strong resistance above we prefer to buy a break of 140.52, which will confirm the bullish sentiment.
Trend line support is located at 135.40.
Daily signals are mildly bullish.
Our outlook is bullish.
Our profit targets will be 148.48 and 149.85
Resistance: 140.00 / 145.00 / 150.00
Support: 135.30 / 133.00 / 130.00
XMR vs USD Following a massive 320% rise since March there is now evidence to support a significant correction is very likely.
The facts:
1) The above 3-day clearly indicates a bearish divergence between price action and the oscillators.
2) Price action is constrained within a rising wedge = bearish.
3) RSI support becomes resistance (orange line) following the overbought condition (green column).
Can price action go higher? For sure - might touch $145
Is it probable we go higher? No. Risk reward is unacceptable.
Targets:
1st $96
2nd $75
3rd $57
10-day chart:
We can see MFI is very overbought (circled in black) @ a value of 91 - this is ridiculous.
Monero PivotingImpulse end, we are going down. Wave A what looks to be a leading diagonal. Look it up. One Fib Target in red, and none of this is financial advice. Godspeed
Long Term Monero OutlookMonero, looking healthy on its long-awaited uptrend.
In this 5-day chart, you can see it is in a healthy uptrend.
RSI is in an overbought territory, so expecting this to revisit some previous pricepoints to retest and confirm the trend, but long term, I could see XMR pass the $200 mark at some point in Q1 2021.
Previous breakout chart:
💡XMRUSD Second Chance: Profit=449% SL=20% Reward/Risk > 22.5:1Second Chance Trade Setup summary:
Profit targets = 449% = {TP5= 20% + TP6= 37% + TP7= 67% + TP8= 128% + TP9= 197%}
Stop Loss = 20%
Reward/Risk > 22.5 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (100.50) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP5= @ 120.95
TP6= @ 137.95
TP7= @ 168.70
TP8= @ 230.10
TP9= @ 298.90
TP10= Free
SL= Break below 96.50
--------------------------------------------------------------------------------------------------
Current Status of First Buy:
Total Profit: 573%
Closed trade(s): 138% Profit
Open trade(s): 435% Profit
Trade Setup:
We opened 10 BUY trade(s) @ 68.20 based on 'previous Forecast' at 07.09.2020:
Closed Profit:
TP3 @ 82.15 touched at 28.07.2020 with 20% Profit.
TP4 @ 96.50 touched at 06.08.2020 with 41% Profit.
TP5 @ 120.95 touched at 11.10.2020 with 77% Profit.
20% + 41% + 77% = 138%
Open Profit:
Open trade is 128.10(current price) - 68.20(open price) = 87%
5 trade(s) still open, therefore total profit for open trade(s) is 87% x 5 = 435%
Technical analysis:
. XMRUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
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💡XMRUSD Second Chance: Profit=449% SL=20% Reward/Risk > 22.5:1Second Chance Trade Setup summary:
Profit targets = 449% = {TP5= 20% + TP6= 37% + TP7= 67% + TP8= 128% + TP9= 197%}
Stop Loss = 20%
Reward/Risk > 22.5 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (100.50) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP5= @ 120.95
TP6= @ 137.95
TP7= @ 168.70
TP8= @ 230.10
TP9= @ 298.90
TP10= Free
SL= Break below 96.50
--------------------------------------------------------------------------------------------------
Current Status of First Buy:
Total Profit: 573%
Closed trade(s): 138% Profit
Open trade(s): 435% Profit
Trade Setup:
We opened 10 BUY trade(s) @ 68.20 based on 'previous Forecast' at 07.09.2020:
Closed Profit:
TP3 @ 82.15 touched at 28.07.2020 with 20% Profit.
TP4 @ 96.50 touched at 06.08.2020 with 41% Profit.
TP5 @ 120.95 touched at 11.10.2020 with 77% Profit.
20% + 41% + 77% = 138%
Open Profit:
Open trade is 128.10(current price) - 68.20(open price) = 87%
5 trade(s) still open, therefore total profit for open trade(s) is 87% x 5 = 435%
Technical analysis:
. XMRUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
$XMR Start of the Bull MarketThis is a swing trade, take notice of how you're looking at almost 2 months of candlestick data. XMR is bouncing in between 2 major monthly support / resistance zones.
September crash in the markets across the board, XMR found it's bottom support at $86 (found on a monthly TF) and since then has been continuously rising until last week when it rejected off of the $130 level. As expected, 1st touch of resistance levels reject 95% of the time, it's very rare for them to just blow through resistance levels.
So by saying that, now XMR looks like it's about to touch the $130 level again and this time it should gain the level as support and head upwards to touch these TP's
1st TP 🎯 $130 (Easy Loot)
2nd TP 🎯 $148
3rd TP 🎯 $165
As always please do your own research, I am not a financial advisor.
XMRUSD Long OpportunityAs we can see, Monero is going to make a reversal after a long downtrend. Price has already rejected our demand and 0.618 fibonacci level. We can also see AB=CD pattern. So what can we expect ? I expect more of a bullish pressure,precisely to our -0.272 fibonacci extension level which nicely fits with a very strong resistance level .
