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XMRUSDT trade ideas

#Monero Surges 60% from 2022 Lows, XMR Prices May Retest $180Past Performance of Monero Monero prices are rising with the tide, adding approximately 60 percent from 2022 lows. At spot rates, buyers are in control, and prices are ticking higher in a bullish continuation pattern. Notably, from the daily chart, XMR is up 12 percent in the past trading week after breaking above $130 and May 2022 lows. #Monero Technical Analysis As per the formation in the daily chart, XMR bulls are in control. Following the break above $135 last weekend, the follow-through on July 18 was with rising trading volumes pointing to confidence. As XMR prices edge higher and XMR bars ride the upper BB, every low could provide traders with an opportunity to double down, with the first target being $185, a key reaction point in H2 2022. This preview is valid only if prices hold above $130 and the dynamic support level, the middle BB. What to Expect from #XMR? Monero bulls are edging higher, riding the rising crypto tide favoring bulls. In the daily chart, XMR is above $130, a former resistance level, now support. Monero could soar to retest May 2022 highs if the upside momentum is sustained. Resistance level to watch out for: $185 Support level to watch out for: $130 Disclaimer: Opinions expressed are not investment advice. Do your research.
XLong
by Bitcoin_Analyzer
1
XMR - Has potential to enter the Game?Reasons to take long: ⭐️ Volume appeared ⭐️ Level is 2 months old ⭐️ Level is clean ⭐️ Volume entered the coin ⭐️ Looks stronger than a market ⭐️ Over VWAP Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
XLong
by Artem_Dishel
1
a Massive Bearish Wave is Coming For Monero !Monero is showing Some Signs that It might be It's Downfall and that it's gonna Decrease a lot! SO if you look at the chart You can See that the Price Is in 2 Bearish Patterns! One is a Bearish Pennant and the Other is a Rising wedge Pattern which is also another Bearish Pattern.If XMR would obey the Patterns that It has Created, the Price will Decrease a lot ! So we consider the Pennant Pattern( S1) The Price will be around 65% which is a lot of decreasing! If we consider the Wedge Pattern (S2) The Price will be around 99$ which might be the More Logical Target For Now. But Expect it to be bearish In any Case.This chart and Info are Provided by our Sponsor WHITEBIT Exchange. Please Check their Exchange Using the link down below. -XMR is in 2 Bearish Patterns -Bearish Pennant and Rising Wedge -bearish Pennant Target= 65$ -falling wedge Target=99$ (More Logical) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
Short
by CobraVanguard
4
$XMR - Short the week - It should bounce back around $105 *SMT**SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.* As XMR just finished creating the Break of Structure on the low side and came up short of breaking the structure on the high side, it appears that this was just a runned attempt at a bearish order block to be rejected back down into the last 4 hour fair value gap area. I marked the weekly consequential encroachment (Half of the weekly FVG, $121-122) and entered short there....As it's rejected it starts to head toward the bottom of the 4 hour FVG which is also a confluence at the 79-80% which is where most rebounds happen. and that number is 104-105 as an opening. On this one I could go either way but the earlier I enterered the less of % wager I would press and low leverage. The later the stage it gets the later you enter the more you can wager and add leverage. And taking from the smart money playbook the earlier and sharper the price rises during the week , the more it will fall as the week goes on. Low possibly being on Friday or Saturday, looking for it to get around 105 by then. If you watch the analysis week by week, It's an obvious pattern. WEEK 1: WEEK 2: WEEK 3: Current Week: Good luck and happy trading.
Short
by BodiesXWix
2
XMRUSDTHello Crypto Lovers, Mars Signals team wishes you high profits. This is a one-day-time frame analysis for XMRUSDT In the current chart, we have R1 as a long-term resistance line and it shows the price was unable to rise at some points and then it was rejected. And S1 and S2 are our support lines and the well support of the price at some points is obvious on them. At the moment, we have the fluctuation of the price over S1 and we believe it will rise toward R1. If we receive entrance candles for the price over R1 and the price is able to fix its trend there, then we will have more rise for it. Also, it is possible for the price to move below S1 and face more decline down to S2 and then by a pull back toward R1, it will have another decline. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Wish you luck
X
by MarsSignals
XMR - Monero is weak☠️Reasons to take short: ⭐️ Today BTC futures exprire, I expect trend reversal for BTC ⭐️ Trendline 8 days long ⭐️ Trendline is clean ⭐️ Price is squeezing to the trendline ⭐️ 4th touch ⭐️ 22 ATR Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
XShort
by Artem_Dishel
3