XMR Bullish Scenario XMR Bullish Scenario
Waiting for breakout of Ascending Triangle.
Will enter after breakout
XMRUSDT trade ideas
XMR is bullishXMR is closing monthly November candle with very bullish price action which implicates there should be more upside in December.
Always manage your risk and use stoploss. Not a financial advice...
XMRUSDT - BULLISH REVERSALThe coin had been trending in a bearish trend printing series of LHs and LLs when a bullish div was made. It may start bullish trend now if indicated level is broken on upside. Buy stops may be placed.
Monero - XRM MoonshotMonero is another asset that no one has been interested in for over a year.
Yet there is clear accumulation going on, with a backtest of the old all time high as support as the first low and continuous higher lows subsequently.
You could size this up by having the last low as your invalidation point.
This asset looks incredibly promising, the only doubt is that it is taking a long time to play out, but so did XRP...
XMRUSDT In Bearish Descending ChannelPresently, XMRUSDT exhibits a bearish trend characterized by a descending channel pattern. Identifying the chart at a Lower High (LH) juncture, Initiated an immediate entry, establishing the preceding LH point as the stop loss. To determine Take Profit 1 (TP1), I utilized a 1:1 risk-reward ratio. Additionally, Take Profit 2 (TP2) was calculated based on a 1:2 risk-reward ratio.
XMR bullrun is nearIt is one of the symbols that is moving above 500 days in a limited RANGE. This symbol appears to be completing a very large diametric.
The green area is the strong bottom. Now it seems that we are in the last correction wave, that is, G from G.
The last corrective branch i.e. wave g of G is expected to be completed and the bullish wave will begin in the form of a large D wave
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
$XMR looks really good!!Thats my long term view for Monero, I strongly believe that we are in the beginning of the next bullrun
Monero ($XMR) Attractive for Investors
XMR's correlation with Bitcoin's price is minimal, making its market behavior unique.
The coin is nearing resistance at $179-$187. Considering the growth since early September 2023 and the overall upward trend in the market, a continuation of XMR's rise is plausible. Beyond the current resistance, XMR could test the $200 and $210 levels. A firm hold above these levels might significantly boost its growth.
A correction for OMXSTO:XMR seems unlikely, with key support at $155-$162. The asset could only fall to this level if Bitcoin dips to $38,000. The $150 level and the $135-$143 zone are attractive for accumulating the coin in the spot market.
XMRUSDT ( don't panic ... )hello dear investor and traders
don't open sell position for some news
XMR The price is well supported on the supportzone …
long time ago: President Trump gave a reward for tracking Monero transactions... but Monero continues to work strongly and has the most secure blockchain…
don't panic : The mafia is waiting to get bigger to collect Monroe
good luck
XMRUSDT # 001 ( Notice for Fly To the Sky $$$ ) Hello dear traders.
Good days .
On monthly Gann Square, XMRUSDT start rises after finished Gann arc resistance at reversal time zone on June 9th . After rejection from First daily Gann Arc resistance and get support from lower Gann Fan , with time pass 2nd and 3rd arc resistance broken and XMRUSDT collect Enough Energy for Big bullish rally to reach itself to the 0.618 and 0.75 Daily Gann Box Fib level.
On monthly overview we can expect upward move to the unbelievable prices 720 , 900 , 1360 , 1770 and 2180 .
Chart updated and route plotted with help of Gann Square and Gann Box.
Good luck and safe trades.
Thanks for your support and comments
XMR/USDT Breakout Above Key Resistance?👀🚀XMR Today Analysis💎 Paradisers, let's focus on #XMRUSDT as its demonstrating a potentially significant market move. $Monero is currently poised to challenge a substantial resistance level, signaling a high chance of a bullish breakout.
💎 Observing #MONERO recent activity, it's evident that it's testing the internal resistance at $177.1 for the third time. Its current position in the demand zone further bolsters the likelihood of breaking above this level. Should #XMR successfully surpass this resistance, we're looking at an optimistic target of reaching the higher resistance level at $209.9.
💎 However, as astute traders, we must always be prepared for various outcomes. If #XMR struggles once again to breach the $177.1 resistance, we might need to shift our focus. This could involve anticipating a bullish recovery from a lower support level at $159.9. Yet, be aware that a break below this support could lead to a downward trend. 🌴💰
#Monero $XMR Trading IdeaHMR #Monero looks bullish on the 2-3D timeframe. This coin is very choppy I would be careful cause it’s very hard to trade.
Monero(XMR): We Will Sell Soon! The XMR/USDT market is displaying some dramatic price action. The recent sharp decline suggests a significant urge for downward movement. Despite these bearish liquidity moves we are having on the market, the price of XMR has re-tested the major resistance (which once was broken and we had a nice fakeout).
If this retest turns out to be a fakeout, it indicates that sellers are still in control, and we could expect further downside towards the $157.51 support level. This bearish scenario aligns with the recent drop and will be further substantiated if the price fails to reclaim higher levels soon.
XMRUSDT Sell LimitMonero H1 chart. We have strong demand zone. Risk reward 1:3 (or more) . Bears are strong and 175 level is good level to enter short.
MONERO Rockets Forward: Bullish Cup and Handle Pattern 🚀 !In the dynamic world of crypto, Monero (XMR) has recently unfolded a powerful chart pattern that has traders buzzing with excitement. The emergence of a Bullish Cup and Handle on the daily timeframe signals the potential for a significant upward move, with a target set at $188.
Chart Analysis: Cup and Handle Unleashed
Bullish Cup and Handle Formation:
Monero has gracefully crafted a classic Cup and Handle pattern on the daily chart.
The Cup and Handle is a potent bullish continuation pattern, suggesting a potential surge in price.
Pattern Breakout:
The Handle portion of the pattern has convincingly broken out, symbolizing a shift in market sentiment.
This breakout has already breached the level of the Handle, setting the stage for a broader upward trajectory.
Anticipated Scenarios: The Journey to $188
Targeting $188:
The Cup and Handle pattern implies a target, and in this case, it points to the ambitious level of $188.
Traders are closely monitoring price action to see if XMR can sustain its upward momentum toward this target.
Strategic Approaches: Riding the Bullish Wave
Entry Strategies:
Traders might consider entry positions based on the breakout, looking for confirmation of the bullish momentum.
Conservative traders could wait for a retest of the breakout level for a more secure entry.
Risk Management:
Setting stop-loss orders strategically is essential to manage risk, especially in volatile markets.
Regularly reassessing the trade in the context of evolving market conditions is a prudent approach.
Conclusion: MONERO's Bullish Symphony
With the Bullish Cup and Handle pattern taking center stage, Monero's chart exudes optimism and potential. As XMR eyes the $188 mark, traders are poised to capitalize on the anticipated bullish surge, making MONERO an asset to watch in the coming trading sessions.
🚀 Cup and Handle Power Unleashed | 📈 Targeting $188 | 🔄 Navigating the Bullish Momentum
❗See related ideas below❗
Share your thoughts on Monero's Cup and Handle pattern and join the conversation on how this development might shape the future of XMR. 💚🌐💚
XMR vs. ETH: Two Patterns Unfolding! 📈✨Today, let's embark on a fascinating journey comparing two heavyweights in the crypto realm—Monero (XMR) and Ethereum (ETH). These titans share a common thread with identical patterns on the weekly timeframe. However, the tale takes a compelling twist as Ethereum takes the lead, already executing a breakout, while Monero patiently accumulates within an ascending triangle. Let's delve into the details of these intriguing market narratives. 🔄💡
Unveiling the Parallel Patterns:
ETH's Commanding Breakout:
Ethereum's Leadership: ETH has already demonstrated its strength with a decisive breakout from its pattern.
Trailblazing Moves: Ethereum's proactive stance sets the tone for the broader market, showcasing early signs of bullish sentiment.
Monero's Patient Accumulation:
Ascension within Triangle: Monero, on the other hand, is quietly accumulating within an ascending triangle.
Building Pressure: This pattern often indicates a building of pressure, hinting at an impending breakthrough.
Analyzing Market Dynamics:
Ethereum's Momentum:
Pacing Ahead: Ethereum's breakout suggests a surge in investor confidence and potential sustained momentum.
Market Sentiment: Traders keen on Ethereum should stay attuned to the prevailing market sentiment for further cues.
Monero's Strategic Positioning:
Strategic Accumulation: Monero's patient accumulation implies a strategic positioning, aligning itself for a potential upward movement.
Watch for Breakout: Traders eyeing Monero should be on the lookout for a breakout, which could trigger significant price action.
Trading Considerations:
ETH as a Market Indicator:
Leading Indicator: Ethereum's movements often serve as a leading indicator for the broader market.
Reference Point: Traders across various assets can use Ethereum's performance as a reference for market sentiment.
Monero's Breakout Play:
Timing is Key: Timing the breakout for Monero is crucial, and traders should position themselves strategically.
Confirmation Signals: Look for confirmation signals, such as increased volume and sustained price movement.
Conclusion:
As Ethereum and Monero unfold their respective stories on the charts, traders and enthusiasts alike find themselves at a crossroads of opportunity. Ethereum's breakout sets a positive tone, while Monero's patient accumulation suggests a potential surge in the making. Navigate these narratives with diligence and strategy for a rewarding journey.
❗️Get my 3 crypto trading indicators for FREE!
Link below🔑
XMR long scalpScalp
Trade Type : Risky
Entry around 170-171
TP 180
Sl 169.5
Note: Not a Financial Advice.
Follow for more updates.
XMR/USDTMonero is printing a inverse head and shoulders pattern inside of a symmetrical triangle, the diagonal dotted line is acting as support right now, I have measured both targets for both patterns.
GL
monero waiting for break out.Monero try to break small channel down pattern.
If XMR success to break up, we will have a good bullish movement with target at fibonacci projection.
this target at $186.6 also same level as january resistance
don't forget to like this analysis,
If you have any question, do not hesitate to contact me
Your support at this analysis will also support Monero to reach bullish target
Click here to check my other analysis
XMRUSDT.1DBased on the provided market data for XMR (Monero), the current price stands at 169.4 USDT. The Relative Strength Index (RSI) for 4 hours, 1 day, and 7 days are 52.05, 63.38, and 62.35 respectively. These values indicate that the coin is neither overbought nor oversold.
The Moving Average Convergence Divergence (MACD) values for 4 hours, 1 day, and 7 days are 0.4, 3.4, and 2.3 respectively. The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of a security's price. The current MACD suggests a bullish trend in the short term.
The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 172.4, 176.9, and 177.4 respectively. Bollinger Bands are a type of statistical chart characterizing the prices and volatility over time and these values suggest that the price is relatively stable, with slight volatility.
The support levels for 4 hours are 167.5, 162.8, and 159.0; for 1 day are 166.0, 158.0, and 146.9; and for 7 days are 156.7, 136.0, and 131.0. Support levels are the levels at which the price rarely falls below.
The resistance levels for 4 hours are 173.0, 182.0, and 187.0; for 1 day are 176.0, 187.0, and 209.0; and for 7 days are 188.0, 211.0, and 240.0. Resistance levels are the levels the price rarely surpasses.
In summary, based on the technical indicators, XMR seems to be in a bullish trend in the short term as indicated by the MACD. However, the RSI values show that the coin is not in the overbought or oversold territory, suggesting a balanced demand-supply scenario. The Bollinger Bands indicate that the price is relatively stable with slight volatility. The support and resistance levels provide potential points of reversal for consideration.
Please remember, this analysis is based on historical data and does not guarantee future performance. Always conduct your own research and consider your financial situation before investing in cryptocurrency.
