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XMRUSD trade ideas

$XMR 308% gain Higher because of the "third touch" at a resistance level, usually first two touches validate the resistance. The third touch breaks through, indicating a uptrend, This is actually market psychology and the belief that repeated tests of resistance weakens it! You have had 500 days to buy ad that major support level which is the white support line, OMXSTO:XMR has broken out from the blue dashed line and in short term can easily pump to the green resistance line and break that level as well!
CRYPTO:XMRUSDLong
by UnknownUnicorn22804749
📈📊 #ChartPattern Alert! 📈📊 📈 Rising Wedge 📈📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern. 📈 How to Identify: Draw a trendline connecting at least two lower highs (upper trendline). Draw another trendline connecting at least two lower lows (lower trendline). 📈 What it Signals: The Rising Wedge suggests a potential bearish reversal, with sellers prevailing at lower highs within the wedge. It often forms during uptrends and can precede a significant price move to the downside. 📈 Trade Strategy: Consider short-selling or setting stop-loss levels if the price breaks below the lower trendline of the Rising Wedge. Set profit targets based on the pattern's height subtracted from the breakdown point. Implement a stop-loss to manage risk in case of a false breakdown. Remember to use other technical indicators and conduct thorough research to support your analysis before making any trading decisions. Happy charting and trading! 📉💹
BITFINEX:XMRUSD
by RaffDN
XMR/USDT🚀🔐 #Monero OMXSTO:XMR , the Undisputed Champion of Privacy! 🌐🚀 In the dynamic world of cryptocurrencies, Monero stands out as a beacon of privacy and security. If you haven't added XMR to your portfolio yet, here's why you should consider it: Privacy at Its Core: Unlike other cryptocurrencies, Monero is built on the principle of complete anonymity. With its advanced cryptography, Monero ensures that transactions are not just secure, but also completely private. Your financial data deserves iron-clad protection, and Monero provides just that. Fungibility Matters: Each Monero coin is identical and interchangeable, making it truly fungible. This means no history is attached to your coins, ensuring they retain value and are not subject to discrimination. Decentralization in Action: Monero's mining process is designed to be accessible to everyone, not just those with specialized hardware. This promotes a more decentralized and equitable network. Adaptive Scalability: Monero's dynamically scalable block size adapts to network demand, allowing for more efficient and timely transactions without compromising security. Strong Community and Development Team: Behind Monero is a robust community of developers and users committed to enhancing its features and advocating for privacy. Ready for 'Privacy Season': In a world increasingly conscious of privacy, Monero is poised to shine. When the focus shifts to privacy in the crypto market, XMR is expected to perform exceptionally well due to its core features. 🌟 In summary, Monero isn't just another cryptocurrency; it's a symbol of privacy and security in the digital age. Adding XMR to your portfolio could be a strategic move, especially for those who value privacy above all. Remember, diversification is key in investments, and Monero offers a unique angle that complements other assets. 💡💰 Invest Wisely, Prioritize Privacy! #XMR #CryptoPrivacy #InvestSmart 🚀💼
KRAKEN:XMRUSDLong
by UnknownUnicorn22804749
you want to be longing privacy coins to ATH and beyondthe way things are going in the world privacy coins will have their spotlight eventually cbdcs and the war on crypto, public ledger and the irs - think about it? privacy is the way forward, its just waiting for the masses to catch on OMXSTO:XMR too expensive? look for privacy-alts like prcy ...same as btc in 2017, retail simply moved into other coins big R:R on privacy, with an added R that the government dont freeze or tax YOUR money dont sleep on privacy, its your right.
KRAKEN:XMRUSDLong
by TBTS
Bullish time at MoneroI have a big bullish target for monero at previous analysis, and today I found another bullish pattern. After symetrical triangle resistance broken (previous analysis), we have diagonal support line (black). This support will be a good line to hold next bearish movement if we have pullback. Monero also touch fibonacci 0.618 support with a big shadow, 1.618 profit projection at $185.51 will be a good target for now. $174.72 previous high become new bullish confirmation. If this level break up today, we will reach $185.51 target soon. I will update more about Monero if I found another great pattern Don't forget to support this analysis, If you have any question, do not hesitate to contact me Your support at this analysis will also support Monero to reach bullish target Click here to check my other analysis
KRAKEN:XMRUSDLong
by AzrulAzir
Monero 149% profit projectionDaily timeframe If we look at daily timeframe, Monero reach major resistance (black line). This resistance forming a big symetrical triangle pattern with a big range, and if this reistance break up, $427 will be a good bullish target with 149% profit projection. If we zoom in, I have smaller symetrical triangle pattern, with 62% profit projection at $262. The good news is, this pattern already broken. you can see the detail here : 4 Hour timeframe After break up blue symetrical triangle pattern, bullish flag pattern perform. We have previous support and also fibonacci support at $164.50, and right now, Monero touch it. 1.618 fibonacci Profit projection at $181.45 with 10.39% profit ratio you can see details here : In this analysis we have 3 target : 149% profit projection at $427 62% profit projection at $62 10.39% profit projection at $181.45 If you have any question, do not hesitate to contact me, and your support at this analysis also support Monero to reach bullish target. Happy trading
KRAKEN:XMRUSDLong
by AzrulAzir
Monero Cup and Handle Just flipped the Monthly SARIntroduction I have been waiting for an OG coin alt season for over a year now. A lot of the top 10 or top 20 coins from 2015, 2017 and 2017 massively over performed compared to bitcoin and Ethereum and have had to go through an even longer cooling off period than those cryptos did. Monero has dropped to the 20s in coinmarketcap.com’s rankings and some of the coins I favor as trades and ideologically are a lot lower. I got a bit excited around February/march of 2022 but did not get the follow through that I was hoping for. Now that I have see a flip of the monthly parabolic SAR I am a lot more optimistic that a high probability move to the upside is beginning in Monero and my choice alts. Since they are lower down in market cap one cannot build a position as easily as one could in a top 10 or 20 coin. There is a lot of wicks and slippage when entering a position too enthusiastically or carelessly. I cannot just market into a margin position without creating a wick that immediately puts me under water and messes up my margin level. But if I am right the gains will be worth it. Main Analysis The Parabolic SAR is quite a nice indicator on the higher time frames. It was literally named Stop And Reverse and was designed to find places where price can take a U turn. If you are expecting a multi-month or multi-year to happen based on whatever (analysis, fundamenals, etc) a flip of the SAR helps clear “technical resistance” much in the same way clearing the 200SMA in a bear market is a sign that a bull market is brewing. Another technical resistance we have cleared is the resistance line of the flag. We popped through quite nicely and have been going sideways for about 10 days after the initial move began. While there is a chance that we can retest the flag’s previous resistance as support I think it is more likely that price pumps. A lot of biases of a lot of traders should have flipped to bullish with the SAR. The bull season is still in the early stages and there is still a lot of doubt but generally the bulls will be winning. Other Charts The monthly chart for both other times the Parabolic SAR flipped bullish look amazing when viewed with Heiken Ashi candles. Massive 50-70 percent pull backs don’t seem to matter anymore when viewed on the HA chart. The idea that I can get into this trade the first week it is happening is pretty exciting. The Parabolic SAR is usually used with some momentum indicator and the inventor of the Parabolic SAR liked to use another of his creations, the ADX. Here is a simplified version. Looks promising. The chart below shows the long term SMA situation. Price is winding up for its next move between the 200 and 100 SMAs. I think it will be to the upside in a big way. My channels chart set up has the gaussian and Keltner channel (1 and 2 ATR multipliers). Price is struggling at the guassian midline and I think we will see an upside resolution. The chart also shows that the keltner midline (the 20 EMA is a good place to buy pull backs on this uptrend if it is similar to the 2016 uptrend. Lots of people like to talk about price action but don’t spend enough time talking about volume action. One of the best indicators for volume is the On Balance Volume and with some moving averages it is really easy to tell when the long term buying and selling pressure has flipped. I am very optimistic that XMR’s OBV SMAs will flip bullish. Since volume can vary by exchange here is Binance as well Where is the money going to come from? Money has to come from somewhere to pump XMR and the other OG coins I favor. I think it is going to be rotated out from the ETH ecosystem. Many times a W pattern will have price pump to a double top or even all time highs and then price returns to the rise between the valleys. The chart below shows that both XMR and LTC had price return to the rise between the valley. Also, my linked ideas will have my bearish post on NDX. I think the equity markets will be howling here shortly as price retraces deeper. My plan I am looking to add to my positions with a simple pull back strategy. When both the Log MACD and Stoch are below zero know we have just had a pull back and that pull back will have generated some support and resistance lines. I will look to buy when price is again above that resistance line and catch some momentum. This will help me not buy and have the price continue to fall which is always nice. I will not be buying the bottoms though. I do not like the idea of buying things and having it be the same price six months to a year later. Much nicer to buy the pull back and watch price climb out of the hole and not return. I have this planned for a lot of the OG coins, many of which are now in obscurity. Zcash and Dash are in the 70s and 90s. Very low market cap. XPR, BCH and others are still rather big but not as exciting but they are going to be bought on pull backs just the same. XMR also topped over 200 days before total 2 did on this last uptrend. I have to be prepared to rotate out of XMR and into other coins if XMR reaches its major targets.
Editors' picks
KRAKEN:XMRUSDLong
by This_Guhy
25
Moneo(XRM) Nothern Journey beginsMonero bulls defended $152 support- Is $168.8 achievable Strategy Bullish Profit Target 168-172 If Break above 179USD and 3days closing successfull above 179 The strategy turns to Tend Strategy Bullish Risk Management: Proper trailing stop XMR dropped to its previous parallel channel’s mid-level of $152 after BTC retreated to $26K on 28 March. The $152 level also coincided with the Fixed Range Volume Profile’s POC (point of control) line, which attracted increased trading volume. The recovery blasted above the local resistance at $157.6. Bulls could push XMR to $168.8 if they clear the obstacle at $165. A strong BTC upswing into FWB:29K could tip XMR to target other key resistance levels, including $179 and $187. A close below $157.6 could attract bears into the market. However, bears must clear the $152 hurdle to gain market leverage to sink XMR to $145 or $135. The Relative Strength Index (RSI) dropped but rebounded and was above the 50 mark at press time, showing increased buying pressure in the past few days. Similarly, the On Balance Volume (OBV) exhibited an uptick, showing XMR saw increased trading volumes as demand soared in the past few days. Monero registered mixed performance in Q1, 2023. It appreciated by 40%, rising from $148 to $187 in January. In February, it consolidated before sustaining a price dump in mid-March, sinking it to $135. But XMR saw aggressive demand at the $135 level, setting it up for recovery. Bitcoin zoomed to the FWB:29K level before retreating to $28K – indicating a bullish sentiment despite the increased U.S. regulatory pressure on the crypto industry. If BTC reclaims the FWB:29K and surges upwards, XMR could attempt to retest or break above a crucial stiff resistance level. In addition, XMR saw more liquidation of short positions than long positions. About $45.5K in short positions were liquidated in the past 24 hours, while only $3.7K in long positions were wrecked in the same period. It shows short-positions were paying long-positions – an underlying bullish sentiment that could boost the uptrend. But investors should track BTC’s price action to determine whether XMR could overcome the obstacle at $165.
CAPITALCOM:XMRUSDLong
by DaveBrascoFX
14