XMRUSDT Short to previous lows (inside bar)Looking at the chart we can see that XMR broke through the daily resistance (purple line). Shortly after it produced a nice inside bar followed by a breakout from the inside bar. This can signal a reversal of the trend. For further conformation it has produced a rising wedge pattern, which is also a reversal pattern.
I'm opening a short position looking at the previous lows.
Watch price action at significant levels (50% 61.8% fib)
Good Luck!
XMRUSDT trade ideas
XMR BACK IN VOLUME $187Thank you for reading our update. Please keep in mind that this is not trading advice.
XMR can have a new cycle range for uptrend volume
In the coming period, XRM can play new cycle since XMR shows volume
XMR/USDT Break Alert, Bullish Momentum ?? Moreno Analysis Today💎 XMR has certainly caught our attention. After breaking out of the ascending triangle, XMR showcased a notable upward surge. However, it currently faces resistance at the supply zone, and given the candlestick patterns, there's a likelihood of XMR retracing back to the support level to gather momentum for another attempt at breaching the supply.
💎 Should XMR manage to break through the supply zone swiftly, we could witness a significant rally, propelling it towards the major resistance area.
💎 On the flip side, if XMR retraces to the supply and fails to find solid footing at the support, there's a risk of it dropping further. In such a scenario, XMR might revisit the robust demand zone once more.
XMRUSDT (1H) - Bullish breakoutHi Traders
XMRUSDT (1H Timeframe)
The market is in an uptrend and we are waiting for an entry signal to go LONG above the 156.00 resistance level. Only the downward break of 153.50 would cancel the bullish scenario.
Trade details
Entry: 156.00
Stop loss: 153.50
Take profit 1: 157.50
Take profit 2: 160.00
Score: 8
Strategy: Bullish breakout
XMRUSD ❕ weak resistanceXMR has consolidated above 50EMA (4H TF)
RSI is moving in the bullish zone.
The asset will continue to grow after overcoming the resistance.
💡Trade Idea #XMR/USDT:Long time no see Mr. #Monero. Is it preparing for another leg up? Just be careful we have a massive resistance in a 12H Tf.
XMRUSDTIn the weekly timeframe, the head and shoulders pattern is quite evident, and in the event of a Bitcoin decline in the long term, this currency has the potential to drop to the range of $80.
Harmonic Cross-Roads - Top Down AnalysisOKX:XMRUSDT
We have two bullish harmonic pattern in our hands.
One of it is 1H Bat Pattern and the other one is 15M Butterfly.
The level 143-144 seems also a support & resistance transition level.
We are out of the daily volatility range also it indicates the possible return is close.
Arrange your risk & reward and with a bullish price action signal execute it.
Good Luck Everyone.
🚨 Trade Update: XMR/USDT (3-5x)🚨 Trade Update: XMR/USDT (3-5x)
📉 Short Entry: 150 - 147.3
OTE (Optimal Trade Entry): 149
SL: 153
B/E Move: When it moves close to TP2
TPs:
Short Term: 146 - 144 - 140 - 135 - 130 - 126
**Disclaimer: Past profits do not guarantee future results.
Is there a risk? Of course. The whole financial market is subject to risk; any fundamental reason or sudden change in the market sentiment can reverse the current market dynamic and cause a loss. Do not take excessive risks which you cannot afford to lose. There is no obligation to take this trade; please avoid the trade if you disagree with the trade analysis.
GIS TRADING®
Box range: 140.50-148.12Hello?
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(XMRUSDT chart)
(1D chart)
To continue the downward trend, it must fall below 143.43 and show resistance.
If not, it is expected to rise above 145.55-146.69.
However, since a trend is expected to be formed only when it breaks out of the 140.50-148.12 box range, I think it is better to respond briefly when trading within the box range.
(1h chart)
Support and resistance areas are formed in the 142.88-145.0 range.
Therefore, in order to maintain SHORT, it must fall below the 142.88-143.91 range.
Therefore, it is recommended to respond briefly in the 142.88-145.0 range.
If it falls below 142.88, it is expected to fall to around 137.8-139.03.
If it rises above 145.0, it is expected to rise to around 147.15-147.55.
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To sum up, since it is within the box section, short section trading using the top and bottom of the box section is in progress.
If you do not want to trade in a short corresponding zone, it is better to wait for a break out of the box zone on the 1D chart.
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** All explanations are for reference only and do not guarantee profit or loss in investment.
** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA
** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.
** This chart was created using my know-how.
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XMR: Possible Retest of an Older Bullish AreaXMR: Possible Retest of an Older Bullish Area
XMR broke down like all the other ALTs during August 17 and the price proved that it is holding very strong.
It is accumulating more than one month and the price is getting ready to break through the
old structure zones.
However, for the moment, I would like to focus on the first and the zones for taking profits
considering that the market is not stable yet.
Thank you and Good Luck!
XMR Trading PlanHorizontal supp/resis yellow lines
2 ascending support lines
2 descending resistance lines
DAILY horizontal RSI support at 19.2
WEEKLY descending RSI resistance
XMR/USDT Getting Ready To TAKE OFFHey traders👋
XMR coin is another one that is looking bullish here on Daily chart! Although usually price had instant volume push when touching that trend line there this time is has been building up slowly. We see that there is a good potential for bullish movement but we need further confirmation here so keeping eyes opened!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
XMRUSD ❕ reached the resistanceXMR broke above 50EMA (4H TF)
Trading volumes remain stable.
50EMA broke up through 200EMA (30m TF)
RSI is moving in the bullish zone.
I believe that the asset will continue to rebound after fixing above the resistance level.
$XMR waiting for a double breakoutOMXSTO:XMR waiting for a double breakout, entry loading????? OMXSTO:XMR inverse H&S pattern loading inside a triangle pattern.
If the market breaks the neckline and the resistance of the triangle pattern we can expect more to the upside.
Keep an eye on this. This will be a huge thing near future if the above mentioned scenarios happened.
Monero shortMonero bounced off the resistance level. Asset bounced down off the bearish trendline. Decline to support level at 137.7 is expected to happen.
XMR LONG SignalGot a Long signal on MONERO USDT, usually the XMR Signals do work out with a winrate of 83%.
Once the algo closes the trade i will update the idea here, stay tuned
Downward Trend and Price DynamicsMonero has experienced a consistent decline over the past month. Despite considering a support level around $158, there wasn't enough demand to maintain it. This coincided with increased selling pressure, causing Monero's price to drop to around $136. This puts the currency back into the range where its previous upward movement began, as seen in the daily timeframe. Looking at the weekly timeframe, there have been 9 consecutive bearish candles, indicating significant selling pressure. To change this negative trend, a decisive break above the $149 level is necessary, which could lead to potential price growth towards the target of $200.
In the short term, the price chart displays a channel between $150 and $135. If the lower boundary of this channel is breached, considering the overall bearish market conditions, there's a possibility of further price decline towards the $125-$120 range for Monero (XMR).
Will XMR break the 115-day trend line?⚠️This is my opinion and is not a signal to buy or sell⚠️
I don't predict the market and I react to the movement of the market. Let's go to start
As always, we make our own scenarios and wait to see what the market will do
1_We have two strong resistance levels,137.2AND 132,5
We can open a position after the break of 137.2 (closing the candle after 137.2), the risk is better for the reward instead of more risk because the price may return after reaching 132.5, so we can save at 132.5 and save Our 115-day trend line breaks at the same time as 137.2 breaks, that's why I like this scenario more Hitting the trend line for the fifth time, as the saying goes, the more hits, the more likely it is to fail.. Let's wait and see what the price will do
2-Let's wait until 132.5 to see if it breaks or not. Instead, we will get the best position and expect more fall
Maybe the 132.5 line will never be broken
The third scenario, none of the above scenarios happen, the market will be bullish😉
Thank you for reading my comment. If you have any comments, be sure to comment. Thank you
XMR: Support BreakoutMonero (XMR) technical analysis:
Trade setup : After getting rejected at $170 two- or three times (Double or Triple Top pattern), price broke below $150 support and could revisit $132 support next.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $132. The nearest Resistance Zone is $150 (previous support), then $170, and $187.
🔥 XMR Bullish Head & Shoulders: Watch This Pattern! 🚨XMR appears to have formed a clear inverse head & shoulders pattern, which is the direct opposite of a normal H&S pattern. Classically, this pattern appears at important areas of trend-reversal.
I'm going to wait for the neckline to break. Once the price has closed above the neckline, it will be my entry signal. Stop below the right shoulder, target at the 2023 highs.
Note: I'm not counting the August 17th wick because it was a stop-loss cascade wick.
