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XMRUSD trade ideas

xmrusd 16h bullish xabcd 75% gains buy/hold🔸Speculative bullish xabcd setup in Monero on 16 hour price chart. Advanced pattern setup, since point C and D still require confirmation. Do not execute the trade at market now, expecting pullback in April and then be ready to reload near point D below market price. 🔸The xabcd pattern is defined by point X at 126 usd, point A at 181 usd, point b at 139 usd, point C at 173 usd and finally point D at 112 usd. This is an advanced pattern setup, so naturally higher risk involved in trading it, so always do your own due dill and confirm with other indicators / price action techniques. 🔸The recommended strategy for Monero bulls: Seek to buy low near point d after the pullback is complete. best entry price near 114/116 usd and target is +75% gains. this is a buy/hold swing trade setup so please do not expect miracle overnight gains. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
KRAKEN:XMRUSDLong
by ProjectSyndicate
24
DOW ANALYSIS ON MONARO/USDThe Dow Theory is a well-known financial theory developed by Charles Dow, the founder of Dow Jones & Company, in the late 19th century. The theory suggests that the market is in an upward trend if one of its averages, such as the Dow Jones Industrial Average (DJIA) or the Dow Jones Transportation Average (DJTA), advances above a previous important high and is accompanied or followed by a similar advance in another average. This phenomenon is known as "confirmation" and is seen as a bullish signal by investors. According to the Dow Theory, if the DJIA and DJTA are both moving in the same direction, it suggests a strong economy, as companies are producing goods and shipping them to consumers. Conversely, if one average is moving in one direction and the other in the opposite direction, it can signal a weakening economy. Overall, the Dow Theory is still widely followed by investors today as a way to analyze market trends and make informed investment decisions.
KRAKEN:XMRUSDLong
by husnainhabib1256
WILL XMR BREAKOUT?Hello Fam!! It's been quite a long time since I've sent out an idea on my charts! Today we are going to look at XMR in the HTF's For the past 242 days, it has respectfully moving within a descending price channel Although it is best for us to Trade the Range Until it Breaks, if this Gem does break upwards, it would be a very good HODL coin. I would be aiming for its last ATH of 558 I will try my best to send out more Ideas for everyone! Oh how I've missed you all! <33333 If you think you've gotten awesome content from my TA, please smash that like (boost) button! It keeps me motivated to continue hitting the charts for y'all!! I'd also love to see requests on any chart you'd like me to look at! So please leave a comment on what Analysis you'd like me to do next! <333333
XLong
by marktiu
XMR/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this XMR /USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- monero (XMR) also surged earlier in the day, as it edged closer to a key resistance level. XMR/USD moved to a peak of $178.15 earlier in the day, which comes less than a day after falling to a low of $169.84. Today’s surge sent monero closer to its long-term resistance level at $180.00, which was last broken on Sunday. As can be seen from the chart, the relative strength index (RSI) is currently hovering below a ceiling of its own at 65.00, with a current reading of 63.25. In order for bulls to take XMR back above the $180.00 level, price strength will first need to surpass the 65.00 mark. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
X
by CryptoSanders9563
XMRUSD - Rejected by Upper Edge of Symmetrical TriangleMonero looks to be trapped inside this symmetrical triangle which has formed after another rejection when trying to break through the upper bounds. There's a nice parallel channel formed for the price to fall back into but it may need a little wiggle romm first based on historical S/R levels. We can see the price reaching the lower edge of the aforementioned triangle but it may take a few days or even weeks, somewhere between 15-20% profit could be expected from this Sell signal from Crypto Tipster v2.
KRAKEN:XMRUSDShort
by theCrypster