Buy XMRUSD for Massive RR tradeMonero looks to be breaking out of a descending channel. This is a massive RR trade, so position size accordingly. Take partial profits at horizontal lines drawn and keep pushing up the SL after partial profits.
XMRUSD trade ideas
MoneroMonero has made the BAT Harmonic Pattern and is likely to climb up to 61% ($ 75) of Cd line Or up to the previous price tag ($ 79)
XMR long with great reward if break 87$Wait of the 87$ breakout with a daily , if signal confirmation go for a long with targets 123$ and 145$.
Monero Market Structure -BEARISHMonero weekly market structure analysis has downtrend still intact. What looked like a trend reversal proved invalid as Sept 2018 highs failed to be overtaken and the bears maintained control.
XMR - Best chance to catch the bottom.This is the best opportunity to buy the bottom on XMR. You can either HODL from there to ATH or just a good trade setup with a great RRR.
MONERO - Good performance than othersManero performance was better than ZCASH AND ETH last few weeks. Price pullback 66$ level with inside bar which I missed. If the price brake out current resistance level 77.5$, Monero can be try 100$.
Buy stop : 78.06
Stop Loss : 69.33
TP1 : 88.33
TP2 : 98.33
0035 - Short XMRUSDPrecio de Entrada:
Stop-loss:
Objetivo Mínimo:
Objetivo Máximo:
Razonamiento:
- Niveles de retroceso Fibonacci trazados desde el mínimo hasta el máximo del año en curso.
- Soporte a los 73 USD roto. Se buscan operaciones cortas en consecuencia.
- El setup consiste en operar el test del nivel invertido. La entrada se encuentra justo por debajo del nivel invertido (soporte convertido en resistencia) y también se encuentra debajo del nivel 61.80% Fibonacci. Lo que implica que existe confluencia.
- El stop se encuentra significativamente por encima del soporte roto y justo por encima de un antiguo mínimo semanal (30/11/2017) que ahora es resistencia.
- El objetivo mínimo se encuentra justo antes del nivel de retroceso Fibonacci 78.60% y antes también de un nivel invertido (ahora soporte) en los 57 USD apróximadamente.
- Se reserva el objetivo máximo para el caso en que el precio cierre por debajo de los 57 USD. La caída del precio a éstos niveles me llevaría a asumir la reversión completa del movimiento alcista de principios de Feb. 2019, por lo que el objetivo estaría alrededor del mínimo anual.
XMRUSD has formed shark pattern | A good long opportunityPriceline of Monero / US Dollar cryptocurrency has formed a bullish shark and entered in potential reversal zone.
I have defined targets using Fibonacci sequence as below:
Buy between: 81.23500000 to 79.22000000
Sell between: 83.88172959 to 88.81193575
Regards,
Atif Akbar (moon333)
XMRUSDWe got possible falling wedge formation with RSI divergence.If you trade inside the wedge setup your SL on line above resistance or below support.
TP1:71.2$
TP2:68.7$
SL: 77.6$
see my previous analysis...
Monero StrongMOnero moves strongly in an upward trend. Technical indicators confirm the price action. Next resistance level is $78
Ledger Issues Warning by Monero Developers App Bug for Ledger
Monero (XMR) developers have fixed a bug involving cryptocurrency hardware wallet Ledger that created user funds seem like they’d disappeared, they confirmed on social media on 8th April.
Reported in early March, the bug, that Ledger originally thought to be a synchronization problem, first came to light when a user’s balance failed to react to an incoming transaction.
The problem solely affected those using Ledger Nano S devices to access their XMR wallet. As of in the week, the problem has formally been resolved through the issuing of a patch from Monero developers luigi1111 and stoffu.
The amount thought to be lost within the initial red flag dealings totaled 1,680 XMR (around $115,00), leading to concerns of a major flaw. In the end, Monero says, the number of wallets involved was minimal.
“A few weeks ago some Ledger Monero users got affected by a bug in the Ledger Monero code. Due to the bug, a handful of transactions were erroneously constructed and the wallet was not able to spot (and subsequently credit) the change, thereby letting the user believe their funds were lost,” a summary of the fix on Reddit now reads.
The summary continues:
“Fortunately, we were, in collaboration with the Ledger team, able to resolve this bug and recover the ‘lost’ funds of the affected users.”
The summary adds “This, hopefully, will ensure no such bugs will be present in the future.”
Monero may be a privacy-focused altcoin that presently occupies 13th place in the high twenty cryptocurrencies by market cap.
Its anonymity options have created it a favorite for those involved regarding privacy, however, have additionally endeared it to cybercriminals, who developed malware to mine it covertly on user devices.
Last week, XMR.to, a service that allowed Bitcoin (BTC) users to extend the privacy of their own transactions using XMR, removed support for U.S. residents due to regulatory compliance difficulties.
XMRUSD - short-term reverse zoneAs we can see after reaching second target of AB=CD at 61,8% Fibonacci retracement of AD around 100$, we are facing short-term downtrend. So it is time to identify possible local minimum or reverse zone. Take a look at last downtrend movement. If we create Fibonacci extension of this movement we can see possible support at point 2. This point is also crossed by support line of bullish flag. Also our first possible local minimum point can be value of 63$. Long-term horizontal support line is around 60$. There is a small chance to reach lower minimum in short-term point of view. RSI created minimum in oversold zone around 15 points - the same movement as the last time.
$XMR - Expect a 20% drop to the channel floorThe blue channel's median line offered support 3 times (green arrows), but now it appears to be broken. Further the ABC correction appears to be still in play within the red downward channel
RSI dropped below 50 again!
Targets are either the
greenbox which is the blue channel floor and 0.5 fib retracement OR
bluebox which is red channel bottom and 0.618 Fib
