XMRUSD trade ideas
XMR / USD balance sheet for growthConsolidation or balance sheet for the next move.
Top altos fired, but XMR is not (
16 days we stand in a lateral movement.
The next exit will be up.
Stop Los hide below)
XMRUSD forming bullish Shark | A good long opportunity
The priceline of Monero / US Dollar cryptocurrency is forming last leg of bullish Shark pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 54.991 to 53.916
Sell between: 55.705 to 57.596
Regards,
Atif Akbar (moon333)
XMR - Possible move to 79XMR - Possible move to 79 but first needs to close above 59 to get the ball rolling
XMRUSD formed a bullish BAT upto 119% expectedPriceline of Monero / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Price action is hitting the lower band of bollinger bands after Dec 2018 therefore we can expect a bounce from here, but volume profile is showing still interest of the traders even below the PRZ level and MACD is strong bearish and Stochastic is oversold but in bear cross so for secure trade we should wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 56.193 to 47.953
Sell between: 75.903 to 105.462
Regards,
Atif Akbar (moon333)
Monero Analysis: Intraday Timeframe Chart Patterns and Bullish BConclusion for today’s Monero Analysis: Price closing above ~65.518 implies bearish momentum slowing down and a potential change in the trend from bearish to bullish.
Monero analysis for today is presented on a 6 hour timeframe. Chart examination is provided from December 2018 to current date. Also included in today’s Monero Analysis is the 200 moving average and 50 moving average used to track price movement and/or trend changes.
The period from December 15, 2019 to June 23, 2019 produced an uptrend in Monero that has been followed ever since by down trending price action. Formation of a Head and shoulders top pattern between May 16, 2019 and August 14, 2019, as well as the downward sloping moving averages (200 and 50) provide further evidence for the current bearish trend in Monero.
A bearish price channel (not shown here) can also be plotted to capture price action from the June 23, 2019 price peak till date. A break above the upper boundary of the channel could therefore provide confirmation of bullish momentum in Monero.
Besides, ~65.518 is indicated on the chart as the price level to pay attention to as price recapturing the aforementioned level does suggest a slowing down of bearish momentum and/or change in the current trend from bearish to bullish.
XMR/USD BustedVery unfortunate. Impressive how one single weekly-candle can change everything (it's always been this way).
XMR has two support levels waiting to "catch" it's fall. Breakout above support #1 is considered bullish. Top PSAR series are now far away from current performance, and considering the peak distance between the 50 and 200 moving averages (marked pink), it's likely to choose support #2 as it's bottom.
For those in a loss, a quick reverse to 62'ish is possible (to close long-positions/enter short positions), but downtrend will continue. Personally I would step aside form this for a while. LINK/BTC and XBT/USD have much clearer indications.
(lines and connections have been averaged with step-line on linear)
XMR USD More room to downside, short termExpecting XMRUSD to continue to a level around $60, not much lower, before returning to current range.
Recent highest high is not expected to be broken until BTC USD returns to its bull run, i'm predicting this will not happen until mid 2020, before that i expect XMRUSD will continue to trade in the current range, this may change depending on price action over the next 6-8 months, however in the short term (1-3 Months) i expect XMR to reach around $60 and start to pull back up, not breaking $130
Crash and burn for MONEROXMR / MONERO
- Has had a nice run up overall
- Super extended past long term resistance
- Rejection here I think would create a massive expanding wedge
Drop a comment below :)
Monero (XMRUSD) short.All description on the chart.
Please, don't forget to like and follow.
Thank you.
Long XMRmonero broke out of downward trend line. jump on close of daily candle. set your stop loss fasten your seat belt
XMR. Potential to $107 or drop lower?$XMR one of much coins that did not pumped during this mini-altseason.
Forming Falling Wedge.
First Key support hit and price bounced after fakeout.
retesting FW pattern now.
If fail to pass swing high and hold - next support will be $57.262.
XMR/USD: Surprise SurpriseThis should simplify the analysis for everyone. It's my first look at XMR/USD today (ever), and all I can say is that I give it a super-bullish sentiment (check out my other posts, I don't do this often).
All technicals check out: BB, MA, RSI, MACD, PSAR, Candles and even Parabolas . Parabolas are great for revealing trend changes inside a trend flow . Especially in this chart it's clearly visible (marked "bullish signal"). Once a stock exits a 'parabolic resistance' trend line, it follows it (tightly packed) on the outside. This signals an imminent breakout as it sits and loads on top of the 'parabolic support' trend line.
I'm giving it a price target of 170+ by early 2020 (Jan/Feb), the ATL could be cracked by mid 2020 (May/Jul). And once the last resistance has been taken out, there is not much that could hold this down until a theoretical price target of near 3000. This is measured by connecting a trend line from the ATL peak, parallel to the 'lower trend line' (forming a 'channel'). This is obviously still in the stars, but for now let's aim for that ATL.
Monero at supportmonero is a great crypto currency and has great potential for trade right now. because we have a clear downward trend line and also a horizontal support that has a lot of significance. it acted as resistance back in april and it is also the 61.8% fib level from 38.620 bottom to 121.524 top i suggest to buy with one quarter of your capital and put a stop sell order at 65usd price. after breaking up, trail stop-loss until stopping out.
**trail stop loss: move your stop-loss higher as price moves higher.
Monero, some long term stuffI absolutely love this asset because i find it most enjoyable to chart. Here are some arguments for what you're seeing :
1- From the lowest low (dec18) to high (jun19) we just hit 50% retrace and made a bullish harmonic pattern, think about it.
2- Clear sellers exhaustion
3- Rounding action on higher time frames
XMRUSD, Sell on H4.XMRUSD, Sell on H4.
H4:
- Structure: Downtrend
- Tendency: Downward
- Below resistance and EMA
=> Sell
Plan: As picture
