Monero - target 115-120Impulse developing, still some room to complete the local wave 3 before it should go into the next consolidation phaze
XMRUSD trade ideas
Potential for Dip to Occur Very Soon Before Continuing Up HigherLooks like we have a chance of the White Energy crossing below the 50% level on or around February 15, 2020. Could begin February 14th or possibly February 16th. The reason I'm labeling this a LONG position is for the LONG TERM Upward Pressure I'm seeing in time frames higher than this 3-Day TF. So, do not assume I'm implying to get in this very moment. You're better off waiting for a likely upcoming dip. I'm still saying $107 to $123 at a MINIMUM but would not be surprised if we got close to $150 at the 2.618 FIB extension by first or second week of April. My Red Vertical Time Line at April 12, 2020 is "tentative" (an estimate) and subject to change as that date approaches based on what the indicators reveal as we approach April 12, 2020. I'm including a screenshot (below) of the cover chart in case TradingView's platform scrunches up the cover chart too much.
Keep an eye on the Monero. The Bitcoin replacementWe are on the long term resistance. If it breaks out, you can expect 100-120ish or even higher.
Set XMRUSD to your alert. Fundamentally, Monero is better than bitcoin . Give it time and XMR will take over the market. Get in early and HOLD.
or
trade that beast when it breaks out.
The only issue in this pattern is the lack of volume IMO. Need more volume for a powerful break out. Remember that we are in crypto Volume can pop out of nowhere ...
XMR USD TaxEvaderCoinI'll bet some taxevaders will be watching closely how this weekly candle will end. Will this candle signal an upcomming trendreversal are not is probably a question that some traders loved to see answered today.
It doesn't really matter to me because I've mined the Xmr I'm holding.
Monero (XMR) Price Prediction 2020 | Complete Long Term AnalysisLong Term Bearish Move:
The price action of Monero has been moving down with strong bearish trend since Jan 2018 after hitting the highest price of Dec $477.
In the meanwhile it has been giving us many short term and midterm trading opportunities but on a bigger view it has been down and finally touched $38.50 in Dec 2018 that is the lowest price from Dec 2019 up till now which is more than 91% loss.
Since Jan 2020 the Bollinger bands on month chart is getting squeezed and priceline is moving sideways indicating that the price action might have found a support here.
Formation Of Parallel Channel And Double Bottom:
On week chart after hitting the $38.50 price the price action has found the support at $44 and since Dec 2018 the price action is consolidating here and moving sideways.
In the meanwhile the candle sticks are moving up and down and formed a parallel channel and the resistance of this channel is at $121.
Now we have 9 touches at resistance and 12 touches at support, this channel is very firm as the resistance or support are not broken since Dec 2018.
This time after hitting the support the price action is again bounced to hit the resistance soon.
Here we have also a double bottom formed by the price action which can lead to breakout and a very strong bullish move.
Oscillators and Momentum:
On week chart the moving average convergence divergence is turned strong bullish and RSI has already visited the oversold zone since May 2019 to Nov 2019 and when the price action took bullish move in Nov then after some bullish move it took some corrective move and pulled back and went in oversold zone again then turned strong bullish again.
This RSI move is very healthy which confirms the firmness of bullish trend on the other hand momentum is also turned strong bullish and we have received this strong bullish signal from momentum after Mar 2018.
The Harmonic Move:
The strongest signal in favor of bulls is the formation of harmonic bullish BAT pattern on month chart.
This pattern was started since Nov 2016 and now it has been completed, lets have a look on the pattern how perfect this pattern is formed:
The initial leg (X to A) was started in Nov 2016 and completed in Dec 2017 after 1st leg the price action has retraced between 0.382 to 0.50 Fibonacci (here I have ignored some extra spike), then B to C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg and finally we have C to D leg which is retraced between 0.786 to 0.886 Fibonaaci and this is the potential reversal zone of this BAT pattern. Now from this PRZ area we can expect the bullish divergence at any time and realistically the price action can easily hit the 0.382 to 0.786 Fibonacci projection area of A to D leg and the buying and sell targets would be as below:
Buy between: $107.43 to $60.58
Sell between: $219.65 to $389.87
So this trade has potential to give upto 357% profit
Regards,
Atif Akbar (moon333)
The importance of Privacy (long-term analysis)~ Monero is a cryptocurrency that specializes in anonymous transactions.
Because of blockchain analysis, various darknet markets were de-anonymized and closed by authorities.
It's pretty clear that it is not safe to use Bitcoin for transactions that you want to be anonymous.
As a result, these markets and their users are steering away from Bitcoin towards much safer alternatives like Monero.
I believe Monero is here to stay, and with the current price of 80USD and a maximum supply of 17 million, I also believe this asset has serious room for growth.
~ What I expect in the long-term:
Price is threatening to close above the monthly 21EMA/yearly pivot point.
If price closes above the monthly 21EMA (~77), likely see a move to around 110-130 area and higher over time if price closes above that area
If price ends up reversing back below the yearly pivot/monthly 10SMA (~70-74) and open new candle below there, likely test the bottom of the consolidation over time (~40-50)
~ If you would like to see more, monthly, possibly weekly analysis please show your interest by following me/liking this post.
> This is not financial advice, I'm not a financial advisor. <
i like monero and monero likes mefollowing EW
50 and 200 day MA cross over but this seems to be consistent across the market.
want to see more volume but xmr has pumped on lower volume.
overall bullish.
not financial advice.
stay safe.
Monero Is The Second Coming of Bitcoin “Monero is what Bitcoin noobs think they bought, which is fungible, digital, sound money.” - Dr . Daniel Kim
Personally, I feel that Monero is what Bitcoin wants to be and is trying to be. As the crypto market matures we should expect Monero to take a permanent spot in the top 5 on market cap.
Monthly EMA ribbon & Daily MA 600 offer resistance to MoneroHere are some details. We are possibly in a Wave 1 for XMR. We are having a possible W formation on the weekly chart.
Short term i see a retracement...
Trap Zone for Fomo fishers : 89.60$ to 103.57$
Buying zone : 74.55$ to 56.77$
1st Target to reach 206.30$ at the 0.382 fib
2nd target to reach 306.81$ 0.618 ... (if o.382 fib confirmed a support on a daily close) (Counter trend rally).
XMR USD Looking Eclectic"A sense of joy" is what all scammers, frauds and other miners like me are calling the events of these past few weeks.
The possibility excist that XMR will be directly related to future tax rates. As theft thru taxes is increasing so will be those wanting to own Xmr.
$107.50 to $123.00 at a MINIMUM by Mid April, 2020.I've always been a big fan of Monero. WE NEED OUR PRIVACY in a similar way to CASH being PRIVATE. However, Monero is much better than Cash; in that it is DECENTRALIZED. This publication is labeled a LONG position for this LONG TERM analysis. Do NOT assume this label as a LONG refers in any way to any trades you may have considered in very short time frames. The lowest time frame we looked at in this publication was the 3-Day Time Frame.
$xmr taking a look for myselfwas going to just save a pic for myself but this is better as i can just make it mine later
interesting fi
SKY'S BLUE FOR ANON KING MONEROMonero is secure
Monero is a decentralized cryptocurrency, meaning it is secure digital cash operated by a network of users. Transactions are confirmed by distributed consensus and then immutably recorded on the blockchain. Third-parties do not need to be trusted to keep your Monero safe.
Monero is private
Monero uses ring signatures, ring confidential transactions, and stealth addresses to obfuscate the origins, amounts, and destinations of all transactions. Monero provides all the benefits of a decentralized cryptocurrency, without any of the typical privacy concessions.
Monero is untraceable
Sending and receiving addresses as well as transacted amounts are obfuscated by default. Transactions on the Monero blockchain cannot be linked to a particular user or real-world identity.
Monero is fungible
Monero is fungible because it is private by default. Units of Monero cannot be blacklisted by vendors or exchanges due to their association in previous transactions.
XMR Bull-timeLooks to me like we could see XMR as a top 3 coin outperforming ALTS in the years to come.
XMR USD MONERO DOLLARIt's not always black and white, it's a million shades of grey.” As there's no right or wrong, it depends upon the perception of the person. There's a reason why we can't just judge something by what it's done, we must look beneath the underneath. Every act affects everything even if only indirectly. It's always been like that. All is subjective
MOST PROFTIBLE PATTERN - ADAM & EVE!! - %200 ROIChart says it allll
We got rejected at resistance, expecting some kind of retrace before full take offff
Good long term hold//
Symtricle triangle (bullish/bearish)
Adam and eve pattern in the making (bullish)
