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XMRUSDT trade ideas

XMR/USDT preparing for resistance Breakout? 👀 🚀Monero💎 Paradisers, turn your attention to #XMRUSDT as it's currently charting a significant course in the market. Positioned in a demand zone, it is gearing up for another attempt to breach a formidable resistance level, hinting at a strong potential for a bullish movement. 💎 Delving into #MONERO market history, we observe its adherence to a descending channel pattern, culminating in a break and subsequent upward movement. Recently, after a rejection from the solid resistance level at $152.20 it is regaining momentum to challenge this threshold again. A successful breakout here could pave the way for a likely upward trend. Should this bullish momentum persist, OMXSTO:XMR is set to target the resistance levels of $188.25. 💎 However, experienced #XMR traders understand that the path in crypto markets isn't always linear. If the anticipated breakout becomes a close call and deviates from expectations, be ready to pivot towards a bullish resurgence from the demand level of $125.56. This should be part of your strategic contingency planning. 💎 Additionally, if #XMR dips below this support level, a strategic shift may be necessary. Such a development would indicate the need for a reassessment of the bullish perspective, requiring an adjustment in strategy to align with the evolving market dynamics. 🌴💰
Long
by MyCryptoParadise_Simon
1
Monero & Zcash - Navigating the Future of PRIVACY COINS📉Hi Traders, Investors and Speculators of Charts📈 For today's post, we're diving into the concept of "privacy coins." In the modern digital landscape, privacy stands as a paramount concern for businesses, entrepreneurs, and personal transactions. With the soaring popularity and adoption rates of cryptocurrencies, privacy-focused coins like Monero (XMR) and Zcash (ZEC) have garnered attention from investors, developers and users due to their ability to facilitate anonymous transactions. Unlike conventional cryptocurrencies such as Bitcoin, privacy-focused tokens like Monero and Zcash are designed to obscure blockchain transactions, thereby enhancing user privacy. This unique feature has drawn scrutiny from global governments , which raise concerns about potential misuse for illicit activities like money laundering and terrorist financing. Recently, in response to regulatory pressures, major crypto exchanges like Binance and Huobi have discontinued support for privacy coins, citing concerns raised by authorities. Additionally, US authorities have imposed sanctions on the utilization of significant crypto mixers like Tornado Cash. Monero and Zcash, both rooted in the privacy-focused CryptoNote protocol, prioritize transaction security and privacy. While Bitcoin offers pseudonymity, Monero and Zcash were specifically developed to enable anonymous transactions . 📈 Monero (XMR) Launched in 2014, Monero is an open-source, decentralized cryptocurrency that incorporates robust privacy-enhancing technologies like Ring Signatures, Ring Confidential Transactions (RingCT), and Stealth Addresses. These features make it exceedingly difficult for third parties to trace transactions or identify individuals involved. 📉 Zcash (ZEC) Zcash utilizes the zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) protocol, which enables users to validate transactions without revealing transaction details. Users can choose between a transparent layer, similar to Bitcoin, and a shielded layer that guarantees complete privacy. In light of escalating concerns about data breaches and cybercrime, individuals and businesses are increasingly seeking data protection and privacy technologies. Privacy coins cater to this demand by offering a high level of confidentiality in digital transactions , making them particularly useful for merger and acquisition activities and for users valuing financial privacy. Despite their benefits, privacy coins face significant regulatory challenges worldwide due to concerns about their potential use for criminal activities . Regulatory bodies like the Financial Action Task Force (FATF) are working to establish guidelines to mitigate these risks, potentially impacting the use and adoption of privacy coins. 💭Final Thoughts... Developers and stakeholders in the crypto industry must address regulatory challenges to strike the right balance between privacy and compliance while advocating for regulations that safeguard user privacy without stifling innovation. The future of privacy coins remains uncertain amid tightening regulations and security concerns. However, as businesses and individuals increasingly prioritize digital privacy, there is a growing demand for innovative solutions that ensure data protection while complying with regulatory requirements. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BYBIT:XMRUSDT.P BYBIT:ZECUSDT.P
X
by CryptoCheck-
2
XMR LIMIT ORDERBYBIT:XMRUSDT.P Goodmorning everyone, this morning I've been looking at the charts and to me XMRUSDT has made its bottom so that brings me to add a limit order on the last swing down to try catch the actual re-test. This is all depending on BTC at the moment as its just striking through the air and this could pop before it comes down although it's not too far off, I am confident we can grab this one for DAY TRADE 026. LIMIT - 109.94 SL - 99.88 TP - 160.19 Thanks guys.
Long
by fusfamily
2
XMR - The STRANGEST (and EASIEST!) Chart 🤔📉Hi Traders, Investors and Speculators of Charts📈 If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1. Monero / XMR is an altcoin that still has massive upside potential for the coming bull season. But when analyzing Monero, I came across something rather interesting or strange; unique to the XMR chart - the candles follow a perfect quadruplet set of diagonal support lines! Usually, and you may be more familiar with this, you will see horizontal support zones, for example: But on the XMR chart, the trendlines of both support and resistance are diagonal, rather than predominantly horizontal like most other charts. After finally identifying this interesting trend, we can now readily set buy/sell zones. For example: If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck CRYPTOCAP:XMR BYBIT:XMRUSDT.P BINANCE:XMRUSDT KRAKEN:XMRUSD
Long
by CryptoCheck-
2
MONERO (XMR) showing a MASSIVE bullish divergence on the 1hr.MONERO is showing one of the largest bullish divergence gaps I've seen in a long, long time, after dropping about 40% in a day. This was obviously a coordinated attack to manipulate the price of XMR, as it is hated by the power's that be, because it can not be tracked, traced or controlled by their corrupt ring of criminal governments. Their pathetic attempt is now backfiring, as all they did was give XMR investor's the opportunity of a lifetime to buy even more XMR at the best discounted price they've probably seen in years. If you trade this, trade with caution, as they could do it again. Good luck and always use a stop loss.
by MetaShackle
4
#1 XMR. The sleeping giant.XMR/USDT Looking at the monthly on XMR, I can see it had a very strong buy back, it's looking very strong which means that most likely there will be MORE upside on it. I expect to see $180 area acting as resistance, 4H trending to the upside meanwhile DAILY chart is preparing for a DEATH CROSS (55 and 389 EMA), I doubt it's gonna be a deathcross because it's holding the support for too many months now. This will have an impact most likely in the short term. Do not SHORT IT!
Long
by DOLLAROWNER
XMRUSDT Bullish Overture and Fibonacci FantasyAh, the Monero chronicles! Picture this: back in October 2023, XMRUSDT shattered the colossal triangle pattern that had been brewing for a whopping 500 days. It wasn't just a breakout; it was a seismic shift, a bullish beacon illuminating the medium and long-term horizon. Fast forward to the aftermath—a robust pullback, precisely what the bulls ordered for that ideal entry point. But here's the kicker: XMR stood firm at the uptrend trendline, setting the stage for a potential turbocharged rally. Now, be ready for the grand spectacle! We're foreseeing XMR setting its sights on the 161.8% Fibonacci resistance, an illustrious mark at the $225 checkpoint. The plot thickens—should this resistance be conquered, Monero has a captivating reward in store for its buyers: a delightful 60% gain.
XLong
by CryptoPAMM