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XMRUSDT trade ideas

🔥 XMR Massive Falling Wedge: Consolidation ExpectedIn my previous XMR analyses I've been talking about a huge bearish channel it which this token has been trading in. After a failed break out, things started looking bearish again. And here we are. Almost 6 weeks further, and still going down. On a positive note, XMR has formed a falling wedge, which is classically a bullish reversal pattern. In my view, it's likely that XMR will keep trading inside this pattern. A break out will be more likely in the next few weeks. Keep in mind that the direction of XMR's break out will be highly dependent on Bitcoin's trading direction.
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by FieryTrading
5
$XMR/#USDT [#Monero]: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $XMR / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 165.2 | 179.1 | 203.1, and the major support zones can be found at 141.2 | 131.1 | 107.1. Consider entering a trade at the current price zone of 151 and targeting higher levels. ◰◲ General info : ▣ Name: Monero ▣ Rank: 28 ▣ Category/Sector: Payments - Currencies ▣ Overview: Background details for N/A project are currently unavailable. ◰◲ Technical Metrics : ▣ Mrkt Price: 151 ₮ ▣ 24HVol: 8,009,270.088 ₮ ▣ 24H Chng: 1.274% ▣ 7-Days Chng: -7.10% ▣ 1-Month Chng: -18.44% ▣ 3-Months Chng: 9.44% ◲◰ Pivot Points - Levels : ◥ Resistance: 165.2 | 179.1 | 203.1 ◢ Support: 141.2 | 131.1 | 107.1 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -2.79 ▣ Last 90D: 1.04 ▣ Last 1-Y: 0.39 ▣ Last 3-Y: 0.62 ◲◰ Volatility : ▣ Last 30D: 0.56 ▣ Last 90D: 0.45 ▣ Last 1-Y: 0.85 ▣ Last 3-Y: 0.99 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.63 - Bullish ▣ Twitter sentiment score is 0.59 - Bullish ▣ Reddit sentiment score is 0.21 - Very Bearish ▣ In-depth XMRUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
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by Crypto2AF
#Monero Sellers in Charge as Upsides Capped at $170Past Performance of Monero The uptrend might be clear, but Monero bulls are struggling. Prices are higher in the short term, but the trend is bearish relative to January highs. In the short term, XMR is within the February 9 bear candlestick, which is bearish from an effort versus result perspective. Presently, the resistance is at around $170. #Monero Technical Analysis Monero prices are bullish from a top-down preview. Even so, the failure of bulls to clear $170 and rewind losses of February 9 is a concern. For over 11 days, XMR has been moving inside the bear bar, placing sellers in control. Besides the low volumes, the past few bars have been with long upper wicks suggesting rejection of higher prices. Therefore, considering this formation, traders can wait for a clear trend above $170 or below February lows at $150 before committing. The breakout should also be with rising volumes to indicate participation. Gains above $170 may lift XMR towards $185. What to Expect from #XMR? Buyers are upbeat, but the short-term trend swings to favor sellers. Resistance is at $170, and the middle BB. On the lower end, support lies at $150. If lost, XMR may dump towards $140 or worse. Resistance level to watch out for: $170 Support level to watch out for: $140 Disclaimer: Opinions expressed are not investment advice. Do your research.
XShort
by Bitcoin_Analyzer
XMRUSDT is testing the weekly supportXMRUSDT (XMR is, a privacy-focused digital currency The price of XMRUSDT is currently testing the weekly support level, meaning that it is approaching a key level at which buyers may step in and prevent the price from declining further. This support level acts as a barrier that the price may struggle to penetrate and could be seen as a signal for potential buying opportunities. However, the market currently requires a higher volume of trading activity in order to confirm a clear direction for the price. A breakout from the current descending channel, or a sustained move above the current resistance level, could signal a change in market sentiment and an opportunity for traders to enter long positions. According to Plancton's strategies, a successful breakout and retest of the resistance level could provide a suitable entry point for opening a new long position in the XMRUSDT market. As with all trading decisions, it is important to carefully consider all relevant factors and have a clear understanding of the risks involved before entering a trade. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
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by InkyGrip
Selling pressure initially broke the floorXMR has seen a sharp decline in price over the past few weeks. Selling pressure initially broke the floor of the short-term ascending channel, and the price fell to the support range of $150-157. With the accurate reaction to this support range and the increase in demand that was created last day, we see a return to the minor resistance level in the range of $167-169. There is potential for Monero to continue to range during this week and next week. The trend is still in the range in the daily timeframe, and in the 4-hour timeframe, that is, for the medium term, the trend is downward, and until we have a return above the $170 resistance, this trend will not be upward. With the upward trend, we can expect the price growth to continue up to the resistance of the $190 and $200 range. In the bearish scenario, if we have selling pressure, the second valid support level is considered in the range of $133-141, from which we can also expect a positive reaction.
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by MonoCoinSignal
2
XMR - Standing Strong!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on WEEKLY: Left Chart XMR is overall bullish medium-term and now approaching a support zone so we will be looking for buy setups on lower timeframes. on H4: Right Chart XMR formed a channel in red but it is not ready to go yet. 🏹 Trigger => for the bulls to take over, we need a momentum candle close above the last major high in gray. Meanwhile, until the buy is activated, XMR can still trade lower inside the support zone 140 - 150 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Long
by TheSignalyst
10
🔥 XMR Bearish Channel Holding: What's Next?In my most recent XMR analysis I talked about the bearish channel that this token was trading in. Back then, XMR was on the verge of breaking out. As we know now, the break out failed and didn't occur in the end. No trade has been triggered. For now, XMR can do two things. - Fall further, potentially even going back to the lower support of the channel. This would be my absolute worst-case scenario, which would coincide with a new low on BTC. - Minor rejection from the top resistance and another push up in the near future. This would be my most likely scenario. Targets in blue are the same as last analysis.
XLong
by FieryTrading
2