Get started
MoneroMoneroMonero
#30#30#30

Monero

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

XMRUSD trade ideas

Monero pushing higher before the Red Sea? Hi all, this is my first publication. Hopefully you like my content. Feel free to give me your thoughts in the comment section! Disclaimer: These are my thoughts and opinions, not financial advice. With Monero's atomic swaps being released I believe we will see an increase in utility and hype across the board. But like most hype ... it is short lived. Not to mention, atomic swaps are a relatively new technology that is still under development. For instance, atomic swaps are currently only one way (BTC->XMR) with future plans of making them bilateral. Also, given we in the early development stages of atomic swaps, their dedicated swap software is vulnerable to unexpected bugs. I personally agree that swaps are a turning point for Monero to hit its potential. Theoretically, an implementation of XMR swaps with any other coin could keep all the eggs in your basket nice and untraceable. In short, Monero can potentially provide the privacy and anonymity that many tokens lack. Now as for the chart, I see price action heavily mimicking the previous bull run. We can see a rising head and shoulders formation along with similar behavior (from feb 2018) around the current resistance (turned support) area. In the midterm, I see the current fundamentals driving price higher where I will be taking some profits off the table. Although I wasn't able to document my buy at $220 in the most recent dip, I aim to be transparent going froward and document the entire process. Also, a higher drive in BTC as miners recover from the china ban can also prepare XMR to make that next move higher. However, since price is so closely mirroring the 2017 Bull run, I believe this surge will be followed by a dip to our most recent local minimum of around $180 area before rising to make a lower high and confirm a downtrend in XMR. Moving forward, to truly see monero shine, the team will have to invest time on making their product more user friendly, work out the bugs, and build liquidity. Monero is a strong project backed by provable mathematics, cryptography, and security which is why I will most likely be buying around $190 and DCA at $120 or below if the opportunity presents itself. Thank you.
KRAKEN:XMRUSDShort
by CryptoComputer
XMRUSD should be on the watchlist I have come across this particular coin and can't decide for sure if it is bullish as more analysis needs to be done here. For what is worth, it has completed the C-wave of a corrective trend (hopefully) so now it is on the motive wave completed 1-2-3-4 and wave-4 has respected the supply zone of wave-2 and bounced back up. Well, wave-5 is on the run and could be a continuation wave-3 (Elliot's always subjective - that's one demerit of the theory) . Next few days or wks will confirm.
KRAKEN:XMRUSD
by gamall1987
XMRUSD Bullish Short-Term & Long-Term Monero is showing strenght during the last weeks, compared to the general crypto market. So Macro looks strong for XMR even during these times of Crisis. As for the short-term price, we could easily reach 300$ , before consolidating sideways for a period. The price-target for the next 4-6 months should be around 500$ , since we clearly broke out of the Falling wedge and thus indicating 500$ as probable Target to complete the larger breakout of this Pattern. I have tentatively and roughly drawn a line with several swings, at different Key FIB levels (just for the sake of the larger picture) So that's it, just press the Buy button, take your coins of exchange and Relax this Spring & Summer!
KRAKEN:XMRUSDLong
by samideluxe
2
Monero unconfirmed head & shoulderFor this trade I really suggest you to minimize risk as much as you can if you really want to take this. On the chart we can not see clearly the neckline by the technicals so i am taking profit every little resistance zone. To get the 2:1 risk reward ratio as a minimum return on investment it is recommended to take it by small leverage in isolated. By the fundamentals currently we can see a breakout on the bitcoin chart which could bring monero with it. The bond market is stabilizing compared to the time before. The FED might will change strategy because of the other countries bankrupcies. For a minimal risk i think it is better to wait for the news to come out, because we are so close to the next FOMC meeting, which has a big effect on the crypto market too. The asset is good to trade because of the goverments can not deal with it, but always remember what is crypto about: DECENTRALISATION PRIVACY That is what you get from monero
KRAKEN:XMRUSDLong
by Dandady
1
Monero (XMR) above other cryptosI believe that Monero will see a strong appreciation due to its focus on privacy. Lately, the governments of certain countries are hunting the basic freedoms of their citizens... After breaking through a wedge and a resistance line, the price did not fall below the 0.214 retracement: Another point to note is the dominance over other crypto assets. And on the XMR/BTC chart we had important supports tested and not broken, and at first the price has a bullish bias. That's why I have a bullish bias for this asset.
KRAKEN:XMRUSDLong
by andre_007
2
Are you long or short on Monero?It depends. Highly short term, there is a strong possibility of capitulation in the markets. This can not be neglected and means we should be prudent entering a strong position. One of the best strategies that reduces emotional decision and its potential downfall is to Dollar-Cost Averaging (DCA). My thesis is that now is a perfect time for investor to DCA on different assets they are interested in. Not FOMO. Keep money so if we go deeper, you deep more. Monero long term is extremely bullish to me. A cup and handle pattern is forming and need to pay close attention to. It is a very powerful indicator when confirmed. I do think it would take time. Sadly, the political sphere is making Monero and privacy more and more valuable. The potential of global CBDC roll-out, the crackdown on cryptos not only for the tax purpose but for ecological means or even ideology purpose is scary to some. I argue that at some point, people will realise that they are increasingly getting restrain from different powerful entities and will be looking for alternative to this matter. I also think that Monero can survive a global delisting from major exchanges. This is because it might not be the mass, but too many care about privacy. The community can find alternatives to on-ramp and off-ramp. Anyone can rent a server or create its own to allow P2P trading platform. Too many will fight, and Monero will thrive no matter what. The offer and demand law will apply and the community will support the liquidity side by offering different means of exchanges that are not KYC etc. I therefor expect Monero to rise in the long term because of all these factors and more. Let me know in the comment below if you did DCA in an asset recently and which one.
XLong
by thedecentHQ