Monero HikeMonero looks to be heading to the upside. a double bottom break seems to be forming on the DAILY and structure with in the 4H and the 1H correlate in a bullish trend. The 1H is moving into Fibonacci retracement levels providing a great opportunity for a temporary long position on XMR.
XMRUSD trade ideas
XMR DropQML + Waiting for price to pull back into the retracement level and further confirmation to commit to the short
Rubles! :)Hey Traders,
As you can see the pattern says everything. Sorry if you get offended, just trying to be a helping hand.
Safe Trading,
-Pulkanator
Basic Day Trading: EMA 12/20/50 + MACDThis chart offers the basic indicators necessary for day trading, best used for minutes to days.
XMRUSD ❕ declining volatilityAfter Monero fell in the liquidity zone, volatility decreased and then the price reversed.
Main MAs show bullish sentiment (30m TF)
50MA break up 200MA (1H TF)
Price is above liquidity.
XMR ignored the reversal signal from the TD Sequential indicator (1H TF)
Volatility is declining.
I expect that the price will correct to the support level and after fixing above it may continue to bounce.
$XMR - Diagonal for Macro wave 1 primed for its 5
There are not many ways we can count this. IMO this is the best count.
Wave 1 was really sharp , wave 3 as well (slightly longer, but barely).
I really don't know what to target here, but I think a double top could be the way to go (it is a conservative target all things considered).
I do however see a few more downward candles after some relief.
Happy trades to all.
XMRThe price is moving in a falling channel to the global uptrend line and the 23.6% fibo level. If these support levels are breached, the price may fall to the POC level or the 38.2% Fibo level.
XMRUSDXMRUSD
The chart was in an uptrend. The trend line has been broken
Target-price 1 - 173
Target-price 2 - 158
Target-price 3 - 141
XMR, the descending channel.The following are machine translations:
On the daily chart, the formation of a local double top decline, continuous callbacks form a falling channel, and the lower support is expected to be around 170.
Indicator macd dead fork has become, bearish trend. The RSI indicator fell to a neutral 50, in bearish territory.
In terms of operation, it is currently a rebound in a downtrend, and an empty order can be placed on rallies. The upper downtrend line is the resistance, and pay attention to the support near 170.
XMRUSD ❕ active buyingMonero tried to break the descending channel.
When trying to break through, the price is actively being bought back.
Price oversold on RSI (1H TF)
A reversal signal TD Sequential (1H TF) is forming now
I expect that price may bounce if it fixes above the lower boundary of the channel.
XMRMONERO looks like has been in a long term falling wedge (bull flag) and now is few weeks holding above the resistance and Im expecting another leg to the upside to about $900
$XMR CUP & HANDLE $6000 targetcup and handle
base measure coincides with fib extension
$6,000 target
some day in the future
maybe
XMR bounce of channel supportExpecting a bounce of channel support as bullish divergences have printed. Target is the former range support at 199.
XMRUSD ❕ trend breakThe uptrend has been broken.
Price is moving in a downward channel.
XMR is under the major MAs at 30m Timeframe.
I expect Monero may continue to fall after fixing under resistance level.
TS ❕ XMRPERP: uptrendXMR is moving in an uptrend. The price is near the lower border of the channel and the support level. I expect an upward rebound.
BUY scenario: long to 293.47.
----------------------------------------------------------------------------
Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
XMR USDT Short TradeShort Idea from current price @192 for XMRUSDT Pair
Currently strong resistance confluence at 197-198
White trend line from above acting as resistance
Orange resistance Horizontal level @ 197
Rising wedge
Over Extended
Bearish divergence on the 4h
Target POC for TP
XMR - have still difficulties in being bearishXMR has violated support on the 185 - 189 USD level.
However it reclamed that level very rapidely.
MONERO has formed a beautiful cup & handle pattern on the USD pair.
Difficult to be bearish - despite present market conditions.
