Monero Daily TF Analysis 07/02/2021we can see XMR is in a bullish channel and it can continue in the same direction
we may have some retracement to its bullish Fibonacci retracement golden level and then start its rally
we can target the 27% of fib expansion as our 1 TP 235 and 127% of fib projection as our 2 TP 269
how do you think?
XMRUSDT.P trade ideas
XMR (Monero) Coin Analysis 17/03/2021we had Analyzed the Monero Coin earlier and capitalized on it with two Targets:
Fundamentals:
Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.
The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are.
Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship.
There are several things that make Monero unique. One of the project’s biggest aims is achieving the greatest level of decentralization possible, meaning that a user doesn’t need to trust anyone else on the network.
Privacy is achieved through a few distinctive features. Whereas each Bitcoin in circulation has its own serial number, meaning that cryptocurrency usage can be monitored, XMR is completely fungible. By default, details about senders, recipients and the amount of crypto being transferred are obscured — and Monero advocates says this offers an upper hand over rival privacy coins such as Zcash, which are “selectively transparent.”
Obfuscation is achieved through the use of ring signatures. Here, past transaction outputs are picked from the blockchain and act as decoys, meaning that outside observers can’t tell who signed it. If Ian was sending 200 XMR to Susan, this amount could also be split into random chunks to add a further level of difficulty.
To ensure that transactions cannot be linked to one another, stealth addresses are created for every single transaction that are only used once.
All of these distinctive features have led to XMR being increasingly used for illicit transactions instead of Bitcoin — especially on darknet markets. Governments around the world, especially the U.S., have also offered hundreds of thousands of dollars to anyone who can crack Monero’s code.
Seven developers were initially involved in creating Monero — five of whom decided to remain anonymous. There have been rumors that XMR was also invented by Satoshi Nakamoto, the inventor of Bitcoin.
XMR’s origins can be traced back to Bytecoin, a privacy-focused and decentralized cryptocurrency that was launched in 2012. Two years later, a member of the Bitcointalk forum — only known as thankfulfortoday — forked BCN’s codebase, and Monero was born. They had suggested “controversial changes” to Bytecoin that others in the community disagreed with and decided to take matters into their own hands.
It’s believed that hundreds of developers have contributed to XMR over the years.
Technical Analysis:
As you can see the price has broken above the Ascending channel and made a new ATH, retested the TOP boundary of the same Parallels Chanel and is on the its Bullish Rally.
there exist a Hidden Bullish Divergence of Price with MACD histogram which is the sign of Bullish trend Continuation and it acts as an other confirmation for the Bull Run.
we have defined 3 New Targets with Fibonacci Projection where as ALL 3 are to be Achieved while the price may does Correction and Retracements in the Process.
XMR (Monero) Swing Long 30% Profit For those who have entered this $XMR trade, congrats! I have now added 7 TP Points labeled next to the Fibonacci levels. Of course, you book some profits now if you'd like and do expect a little price movement to retest previous levels.
I suggest that you do move your SL tighter to the entry or even in front of the entry zone.
The 20 EMA has crossed over the 50 EMA on the daily chart and with this momentum, we should see the 20 EMA breakthrough over the 200 EMA which would indicate a price movement up to the take-profit zones I have placed on this updated chart!
I will reiterate, expect the price action to come back down a little before we continue to take off.
XMR Gartley On The DailyXMR has formed a harmonic pattern that is apparent over multiple high-time frames, beginning with daily, but also showing on the 2day, 5day, and the weekly.
Take profits are yellow, stop loss is red
XMR HUGE FALLING WEDGE we could see a privacy hype with the current Russian situation, keep an eye on $XMR
A breakout could lead to a 104% pump
XMR is super Bullish!!!!!!!!! 30 MINXMR Broke out of the descending channel and retested it yesterday. The 10 day ema is about to cross the 30 day ema from the bottom, What does this mean:
Hand me my Lightsaber.
XMR Monero at top of downward trend ~T203 to ~T209If XMR can get past this red downward trend line here, I believe we are good to go ...upwards. To say the least. My stop and sale would be at about 209.
XMR Update! Target reached! Update to my Monero videos.
My personal target was reached at 207.4 with a limit sell at 207.44, executed.
This will remain a neutral position video, however I am bullish on all privacy tokens in the long run.
I believe privacy tokens will eventually over the next year or so create their own little ecosystem, with XMR essentially playing as BTC within this niche market-- moving and shaking things.
XMR in the dangerzone, neutral dayA little accountability from me, as well as a brief run-down of Monero's gradual rise.
Also quickly discussing:
-thoughts on how I place my sells
-thoughts on how I look at the aftermath of a large pump,
----and why Monero has created a nice asymmetric, rising triangle; as opposed to how it could have gone if Monero had continued to pump hard. If it did, we would have had a descending triangle much like ZEC is suffering from in the historic sense right now.
XMR is within a triangle now that could very well break up or down within the next two or so days.
I am still long on all privacy tokens in general; in a historic sense. However, when XMR did not break past it's resistance trend yesterday, it has now gotten itself pinned down under fire from both sides.
Be careful and remember to stay conservative on your stops/sells. I highly recommend staying below a daily or weekly pivot by small margin, as not to get stuck with a bag.
--Especially after all us savvy day traders leave right before the two or so drunk XMR 🐳's, drive a proverbial Hummer through the back door of the party, and everyone scatters. 💥
XMRUSDTI think this might be a good way for Monero. Since there is the trend line, EMA 200 and the RSI shows a divergence.
Let me know about your opinion.
XMR still breakout ready above 2.05 to 2.076XMR sank back down after breaking slightly past the downward trend resistance (coming from March 8th's huge gain).
With the respective correction and gradual 2 week climb back up, XMR is still very much poised to break out to new high not seen yet this year.
Originally, I had assumed Monero would pump as soon as it broke out from that pesky negative trend resistance. However, it did sink back to the neutral pivot, and (thankfully) is now back within the original positive trend channels. XMR is now heading towards a triangle breakout from the convergence of the red negative trend resistance, and the yellow neutral pivot of today creating a nice even angle at the end of the day tomorrow, with the bottom of our positive trend channels.
XMR poised for historic breakout?Volume steadily increases...
While price steadily decreases...
I'm glad that I was able to bring ZEC back out on the daily ticker, on my last video, to observe the historic downward trend; because, I was able to notice something very bullish about Monero. As XMR's price continued to fall over the last year, it's volume steadily increased. This, to me, has always been a sign of a historically dramatic breakout. I don't want to get anyone's panties a'flutter with this, nevertheless, it's just a facet of charting that I've noticed over time.
Volume goes up, while price goes down... they both always meet in a middle for a huge spike.
XMR bursts through the resistance trend!! ~204 to ~208Discussing XMR breaking through the trend to hopefully give us another nice pump up to the first resistance pivot
also discussing ZEC at the end, and the fact that ZEC is on a historical downward trend.
EDIT 03/24/22 @1805hrs MDT just noticed in my little ZEC analysis that historically, ZEC is forming a nice little triangle breakout with my bottom trend line. I think I am going to follow this, chart it some more and see where it goes. Happy trading everyone! ALSO: NOTICE XMR's HISTORIC VOLUME.... 🛫☁☀️👆
XMR (Monero) Swing Long Update$XMR has gone up 18% since the last post after its breakout and retest on the downward trend line. Do take some profits along the way, however, I do expect it to go a little higher
XMRTrying to break the ceiling of the triangle pattern ...
High potential and reliable currency
Two important price levels with green and red are shown as important supports and resistances...
XMR/USDT
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Other analyzes :
🔥 XMR Falling Wedge Bullish Break Out ConfirmedA while ago I made an analysis on XMR and the falling wedge it was trading in. In that analysis I wrote that the bulls had more proving to do before a bullish reversal could be initiated.
As of today, XMR has finally broken out of the wedge pattern and is looking for further upside. For the coming weeks I'm looking at a target around $250, potentially even $300 if things stay this bullish.
Happy trading!
XMR Can Decrease To 155$XMR Is in a Rising Wedge Pattern. The Break out has Not accrued yet but It's Gonna be a Bearish One When It happens! Since Rising Wedge Is a Bearish Pattern, We can Expect a Bearish Movement Up to the The Bottom Of This Pattern! But There is Still Room For Bullish Movement as well. The Expected Bearish Movement can Decrease The Price to The Support Which Sits around 155$.
XMR surpassed round level -$200 but failed to maintain above itMonero coin retests the psychological round level of $200 once again, but bulls failed to manage the rise above that level.
The XMR coin is trading above the significant moving averages (such as 20,50, and 100 MAS) but remains below the 200-MA line.
The upper boundary of the Bollinger Bands indicator appears to be a bullish barrier in the context of the daily price chart, and the halfway line (20-day moving average) is acting as a support for now
The EMA Ribbon indicator is resisting the 200-EMA line after maintaining price above the green on XMR daily price chart. Thus, the RSI is moving up and shows an inline trendline (blue) on the daily price chart. Furthermore, the Average Directional Index is at 36-points, which suggests a strong bullish trend for the Monero coin.
Monero investors need to push the price of the crypto above the psychological round level of $200 which has been a long-term resistance zone for a long time. Above $200, buyers can look at $230 as the next bullish hurdle.
Support level - $165 and $140
Resistance level - $200 and $230
XMR Is going to PUMP!! 60 MinHand me my Lightsaber!
Entry- 185.25- 187.42
Take Profit 1 -188.64
Take Profit 2- 189.63
Take Profit 3 - 190.97
Take Profit 4- 193.23
Take profit 5 - 194.41
Take profit 6- 198.00
Take Profit 7- 200.00
Take Profit 8- 205.61
Stop Loss 180.00
Check out my other trades. As i go through my analysis and thought process inside the trade and i update the trades regularly for those trading along instead of just posting an idea.
🔥 XMR Falling Wedge: Bullish Break Out Near?Since topping out in April last year, XMR has seen a strong down trend. During this period, XMR has formed a falling wedge pattern. Classically, falling wedges are bullish reversal patterns.
With the crypto, and especially the stock markets, seeing nice gains lately, the probability for XMR breaking out bullish increases by the day.
However, the break out is not there yet. Wait for a big green daily candle to confirm the break out before entering a bullish position. Consequently, in case we fall back, buying in from the bottom support of the pattern might be a good longer-term swing trade entry.
Happy trading!
