Monero Price Analysis: Sustainable RecoveryMonero has posted double-digit gains following a strong bullish reversal from $45.00. The cryptocurrency is now attempting to recover from an eight-month trading low. The XMR/USD pair had declined by over 30 percent since the start of November and is currently trading around 58 percent below current 2019 trading high. Technical analysis shows that the XMR/USD pair is still technically bearish over the short and medium-term, however, signs are emerging that the recent recovery could be sustainable. The four-hour time frame shows that a small inverted head and shoulders pattern has recently been triggered, with the $65.00 level the overall upside objective of the bullish pattern target. A rally towards $65.00 would also help to create a much larger reversal pattern that could eventually send the XMR/USD pair towards the $85.00 level. The daily time frame shows that sellers tested the top of a falling wedge pattern during the recent decline, with buyers successfully defending the technical test. The daily time frame shows that the XMR/USD pair will be in a prime position if buyers can accelerate the recent recovery towards the $78.00. This would help Monero recover above its 200-day moving average and reclaim its technically bullish status. The Relative Strength Index on the daily time frame shows that the recent recovery is pulling the coin away from oversold positions. According to the latest sentiment data from The TIE, the short-term sentiment towards Monero is neutral at 56.50 percent, while the overall long-term sentiment towards the cryptocurrency is neutral at 33 percent. XMR/USD H4 Chart by TradingView Upside Potential A break above the $91.00 level would have the August 8 swing-high at $98.00 as the strongest form of technical resistance. The daily time frame currently shows four lower price highs, making a break above the most recent swing-high, at $91.00, technically very important. The daily time frame highlights that the XMR / USD is trading below the 50-day moving average, at $87.00, but above its 200-day moving average, which is found at the $74.50 level. Downside Potential The four-hour time frame is showing that the XMR/USD pair has strong medium-term technical support around the $52.00 and $48.00 levels. Critical long-term technical support for the XMR/USD pair is located at the $45.00 level. Summary Monero has staged a strong recovery from an eight-month trading low owing to the broader cryptocurrency market. A sustained rally above the $65.00 level would help encourage traders to continue to buy the XMR/USD pair, with the $85.00 level the medium-term upside objective.XLongby CryptoBriefingTA7
Don't miss the great buy opportunity in XMRUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (52.17). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XMRUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 60. Take Profits: TP1= @ 59.85 TP2= @ 66.80 TP3= @ 81.60 SL= Break below S2Longby ForecastCity10108
Don't miss the great buy opportunity in XMRUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (52.17). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XMRUSD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 60. Take Profits: TP1= @ 59.85 TP2= @ 66.80 TP3= @ 81.60 SL= Break below S2Longby ForecastCity101017
XMRUSD formed bullish Shark | A good buying opportunity21 minutes ago Priceline of Monero / US Dollar cryptocurrency has formed bullish Shark pattern and entered the potential reversal zone. This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone. I have used Fibonacci sequence to set the targets: Buy between: 62.106 to 61.143 Sell between: 63.099 to 65.151 Regards, Atif Akbar (moon333)Longby moon333Updated 7
MONERO - $XMR - Developing impulse of Third-wave!Allowing for higher in a developing impulse! Either a pair of ones and twos have unfolded, or wave ii remains incomplete and is tracing out a flat. There's no change to that view. A break of 55.47 would be needed to dismiss the pair of ones and twos. If it is breached, 50.83 would become critical support for the bullish case. Key Levels: 38.50, 50.83, 55.47, 78.34Longby ferGODUpdated 17
Monero Long Term Trend :)Good evening ladies and gents. Hidden bullish divergence on the MacD and Bullish Convergence on the RSI (Weekly Time Frame)closing in at a critical area of support at the bottom of a long term uptrend. Just another position I have been adding for the long term trade set up. Join our Free Telegram Channel: t.me We are a new community growing day by day in hopes to accomplish a trading premium group by December 1st of 2019. Subscription prices are $99 a month, $499 for 6 months and $999 for a year. We give the best possible technical analysis with a touch of art work to it hence the name "ChArtWorks" ;). "We remove the hard work from your end and just give you the trade set ups." Don't let the prices scare you, we give TA free too! But the most benefits are in the Elite Channel. 50% off all Contracts for Military Veterans and Active Duty Service Members, just provide your DD214 or Military ID for proof of Status. Discharge Type is completely confidential and does not need to be shared. I am a Marine Vet myself and I will not share any information regarding Military status with anyone else. Feeling generous and wanting to show us love and support? Donation addresses are listed below $Usdc: 0xe3b95b4575d6456D090ac24Ad4DC8D46C9c97b2C $Bitcoin: 3Jg9ng234aJdgz3zzt3iCyeb124eAmKs5N $Ethereum: 0xd251Cc3b78e92191B5dEC4E0D2f2acDCa5B33599 $Litecoin: MRHupJeTegPM2a8AJewC3B1oqq7Mpjr1MK $Xrp: rw2ciyaNshpHe7bCHo4bRWq6pqqynnWKQg Tag: 2183371567 $Bat: 0x9b95E0Bd4556dbb0b407B32f43B923607b896F48 $ChainLink: 0x559d92B08D72Fe20B0aF063ebE59ead6612c2b00 $Dash: Xq5kCnMknHrknC2ipw1JGuRcdbDtbTSqWU $Beam: 553e2b176e611674559f92b8fa10f5d129bd80acd14fb5f8d6e387ab4f0b281144 $XMR: 4DSQMNzzq46N1z2pZWAVdeA6JvUL9TCB2bnBiA3ZzoqEdYJnMydt5akCa3vtmapeDsbVKGPFdNkzqTcJS8M8oyK7WGj2kh3ajCzSUSAQTrLongby ChArtWorks_TechnicalArts4415
Buy at the trendline - approx $62. Looking to break $75. If ALTSEASON is upon us, then $100 might be in the picture long term. For now, we have a rejection at the lower trendline. If the trendline holds, and it should, we can see price hit the $75 mark. Buy at $63; Stop Loss at $61. TP = $75 TP2 = $100 Longby simplerfx1
Will Monero growth before the hard fork?Monero, both technically and fundamentally, looks like a good asset to consider buying it. . Fundamentally: A hard fork is expected at the end of November (November 30). Monero is going to activate an update in its blockchain aimed at increasing the privacy of RandomX users (the new Proof of Work algorithm). The transition to the new RandomX algorithm is aimed at solving one of the main problems of this cryptocurrency, namely hidden mining. . Technically: After the breakdown of the previously formed resistance level in the region of $ 58 / $ 60, we observe a nice price tightening, which in turn forms the figure of the technical analysis “Rising Triangle”. To all this, on the chart, sometimes increased volumes for purchases pop up. The RSI indicator cools slightly at the moment of preload, which gives freedom for further upward movement. . Bottom line: In the aggregate of the positive fundamental component, supported by technical analysis, which also speaks more for the continuation of the upward movement, it is worth taking a closer look at this asset now, but with a short stop order, or go into a true breakdown of the triangle with the first target in the region of $ 70, and the second in the area of $ 75, where the price is more likely to meet resistance from sellers, these levels coincide with the levels of 0.618 and 0.786 Fibonacci. Meanwhile the market depends upon the bitcoin`s movement: if bitcoin goes down sharply, then this triangle can be broken down.by Neironix9
XMRUSD : LONG"Google is planning to offer checking accounts within its Google Pay app", The Wall Street Journal reports. This is my strongest foothold in this analysis. There may be good news for the "Hodl"ers. Including non-trace technology, this expectation may increase the demand for Monero. I guess they were the first to integrate this technology successfully inside of this cryptocurrency. I think that cryptocurrencies with this feature and high daily transaction volume should be carefully monitored for buy oppurtunies. Stoploss : 51.2 Goal : 104.5 Longby NoldoUpdated 8
XMR - strong levelMonero has two scenarios. assets go level from level. channels. who do not understand this, you can forget about profitable trading.Shortby IgorPorokh4423
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XMR UpdateLines and connections have been averaged on step-line over log for higher precision. Formation is confirmed (in blue) by multiple points, especially on the 'monthly' interval. The red trend line is unfortunately invalid, as the first peak created too much empty space, which is usually the number one cause for a formation to bust at the end. I used to like Monero until it busted a key support area (see previous chart) and so it's generally speaking a clear short until further notice . Technically there is some headroom for a retest towards 65 but ultimately you'll see another drop by the end of this month to the low 40's. So I'm dropping this ticker off my watchlist for a while as I will be focusing more on high-volume crypto tradables.Shortby UnknownUnicorn5323213Updated 117
Monero updateMonero's upward trending graph is not as steep as it seems, but I would stay long if you are long. There might be other crypto's that are more promising though...by fatjohn5
XMRUSD Target Price 72.66302414Wait for a candle to close above 68.07924089 price level. Next, watch for a retest of level 68.07924089. Enter on the reteat at level 68.07924089. Exit at price level 72.66302414. XMRUSD MONEROLongby TradeLive-2