XMRUSDT is creating an ascending channel
XMRUSDT is creating a descending channel on the daily timeframe.
On the 4h timeframe the price is creating an ascending channel inside it.
The price is above the weekly support on 185$.
How to approach on it?
IF the price is going to lose the support, According to Plancton's strategy , we can set a nice order
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Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
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Follow the Shrimp 🦐
XMRUSDT trade ideas
XMRUSDTDue to the loss of dynamic support, if static support is also lost, the price can fall more sharply.
XMRThe price fell to the lower border of the channel. Perhaps the formation of a pin bar - a reversal candle. Breaking the channel down can lower the price to the level of $160
XMRUSDT🔥XRM is trading near the support zone of $ 178 and is going to break support.
Approximate plan:
Entrance 178$
Take profit 155$
✅Do not forget to visit the channel there is a lot of useful information about trading.
CONSOLIDATION, FIB GOLDEN RATIO (0.618), 200 MA supportconsolidation, fib golden ratio (0.618), 200 moving avarage support
XMR MoneroHey guys,
I just entered a long trade in Monero, breaking out of this medium term triangle... Thanks to Sheldon "the Sniper" at Crytpo Banter, I have had a lot of success drawing trend lines, and taking trades henceforth.
I hope this plays out well in our favor.. I hope it goes up to the roof of the triangle, and keeps following this shape..
I want to take profit at levels between 191.30 and 192.90. Don't try to catch the last buck, ladies and gentlemen.
God bless yall, and have great day in Jesus name!
-Thomas
XMR US draft bill to eliminate anonymous crypto projectsMonero's (XMR) is popular due to its ability to help anonymize users.
The transactions are much more difficult to trace because they use stealth addresses.
But that is not what regulators want for the crypto space.
A leaked copy of US draft bill proposes to eliminate anonymous crypto projects.
DAOs, DeFi and exchanges will be required to legally register in the US!
After XMR hit the $200 resistance, i think it will drop to $137.
Looking forward to read your opinion about it.
XMRUSDT SHORTHello my friends , xmr showing the double top pattern in DAILY TIMEFRAME , so here is the level xmr possibily can reach !
not financial advice
XMR 1hThe price is again trying to break through the downtrend line - a strong resistance level. Breaking through the level will raise the price to 100 MA
XMR Monero riseMultiple channels have confluence of resistance at 225-228 that price will likely meet if CCI breakouts of its downward trend soon.
Inverse head and shoulders printing with a measured move to 246.
SIMPLE Idea on XMRXMR is on MACRO down trend. You can take advantage of the short pull back to the upside, as the price is more likely to continue with the downtrend. This is backed by double top price rejection and RSI divergence on the daily Timeframe. Checking on other charts like Binance, This area is also confluence with 200 EMA with acts as strong resistance. Price has challenged this and failed to break through.
XMRUSDT (MONERO) Daily TA : 06.01.22If you're in profit you can close 50% of your position and just leave the rest of it for more gain . If price can break this resistance the nexty target will be $ 265 .
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⚠️ This Analysis will be updated ...
👤 Arman Shaban : @ArmanShabanTrading
📅 06.01.2022
⚠️(DYOR)
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XMR - MMSM - 31.05.22 - Daily SFP around Supply Block -Long-Term Perspective :
narrative:
Price is retesting a daily supply block and created a swing failure pattern with yesterdays monday candle. I assume Resistance to hold until proven otherwise.
Instead of blindly shorting this market I will wait for certain price trigger to get into the trade.
Draw on Liquidity (DOL):
- upside Liquidity is taken
- downside FVG around 188$
Intermediate Perspective :
notes on the chart below
XMR SHORT 1DMonero has hit resistance and is showing weakness after being one of the strongest coins for a while.
Targets shown on the Fib Expansion levels.
XMRUSDT - Long - Potential 24.23%XMRUSDT - Long - Potential 24.23%
Exchanges: Huobi.pro, KuCoin, Binance
Signal Type: Regular (Long)
Entry Targets:
1) 203.5 - 100.0%
Take-Profit Targets:
1) 218.8 - 33.333%
2) 228.8 - 33.333%
3) 254.8 - 33.333%
Stop Targets:
1) 186.6 - 100.0%
Entry Trigger - Volume influx, ready to break key resistance
Trailing Configuration:
Entry: Percentage (0.0%)
Take-Profit: Percentage (1.0%)
Stop: Breakeven -
Trigger: Target (1)
XMR SHORT IDEAClassic Elliott setup. The AOIs fit the concept perfectly. Would be a shame not to try. ABC corrective waves short.
$XMR - Price entered Bullish Breaker - Will Act as support *SMT* My Last XMR Signal did not go as well. However, I believe I found where I went wrong and will be able to correct it with this signal.
*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.
So we have a long term Low High Lower-Lower formation in the upward movement of the price action of the chart. The high candle is the the Breaker. This is part of Smart money theory that's hard to explain without giving a video. But the price at this point should not get lower than the last up candle between 170 and 175. My entrance was 175.50. Stop loss is 169 and aiming bullish for the inverse ofr the 62% around 194.50. Then it might return lower, I'm not sure. But I think this Breaker Will hold and cause a short bullish run at least.
Closer up of the the chart
After it completes the run, The I have a feeling it will have another decent fall into the imbalance belowe the currrent support as seen pictured here:
Lastly, if the price stays near where it is, it is in confluence with the exit of the trade as there is a bearish order block right at the price near 194-195
As for now. I'll be on top of this trade and keep it updated as much as I can. I'm only trading 3 cryptos right now, BTC,ETH, and XMR. We'll see if I'm right this time.
SKILLING:XMRUSD
GATEIO:XMRUSDT
#XMR - Remins Bullish Aiming for Equal HighsI entered around 190, BY THE timr I posted this it was already 194. In tough timers, look to monero to get you out from under. I've been scalping BTC and ETH. bUT Longing Monero aklways at thje right time. Started with a $100 account for fun in futures, nit at $449 in 2 wees.
Now, a larger time frame it did get rejected zt bearish order block (Chart in messae) fahard but rebounded even harder. There's Natural iquidity sitting above the doyble eual highs. That.s where U believe you can take A BULK of you positino off and continue to see where the trade is headed.
HTF CHART
I don't think ETH amd BTC have hit their lows yet, But Monero will be the one to watch as it continues to climb.
Monero can Decrease Or Increase Depending on a Reaction from 170MXR (Monero) was in a Big Rising Wedge pattern. The Pattern Was going to Decrease the Price and It Did! The Price is gonna Decrease to the Bottom of the Pattern But For Now The Price shall fall to 170$ and after that We shall see What is gonna Happen. Two Scenarios Can Accrue! One is that the Price would Continue To Decrease and It would reach 155$ and another Scenario is that the Price would Start to Increase from there and Get Back to the top of the Pattern. We shall wait and See What is gonna Happen.
-MXR was in a Rising wedge pattern
-It's already Broken by the Price
-The Price shall fall to 170$
-if it would Continue to decrease 155$ is the Target
-If it doesn't Price will Increase
-In a Few days we can Come to a Conclusion.
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Thank you for seeing idea .
Have a nice day and Good luck
MONEROXMR/USDT i see this Rising Wedge Pattern is just broke and i take SHORT POSITION
Entry - 194
TP - 150
SL - 209
Getting close to XMR sell zoneI think XMR has one more leg up to touch this backside sell zone and bounce. Watching closely.
