XMR ready to go downThe instrument has formed a clear local support level, tested with a few touches, beyond which I expect to see unrealized liquidity. Short impulses and a decrease in price highs are also noticeable, which indicates the strength of sellers.
XMRUSDT trade ideas
XMRUSD ❕ downtrend channelMonero has consolidated under 200EMA on 4H Timeframe.
The RSI chart is moving in the bearish zone on 4H, 1H and 30m Timeframes.
50EMA has broken down 200EMA (1H TF)
TD Sequential indicator has formed a reversal signal down (1H TF)
I believe that the asset will continue to decline after fixing under the support level.
Xmr Looks Promising Here Xmrusdt
Love the way xmr ignoring btc movement
Attempting breakout incase of successful breakout I am expecting 80-100% bullish wave
Monero (XMR) Targeting 193Over the past 12 months, Monero’s price has been relatively stagnant (current price is practically the same as 1 year ago), leading to a challenging analysis due to the prolonged sideways correction. As such, we must work with probabilities to better understand its potential movements.
First Probability:
Pullbacks usually reach a 50% retracement. Monero’s gradual rise has not yet reached the 50% level, leaving room for further growth. The 50% retracement level is a commonly observed technical level is observed by market participants. Monero’s case, the fact that the price has not yet reached this critical level suggests that there might still be some bullish sentiment and further upside potential.
Second Probability:
Correction swings or waves typically extend at least 100%. XMR has also fallen short of this mark, and the pivot of black wave B hasn’t been breached. The 100% extension is another key technical level that has over 70% incidence. In Monero’s context, the fact that the price has not yet reached this level may indicate that the correction is incomplete and that we may see a continuation of the current trend. Note that the 100% extension matches almost perfectly with the 50% pullback level, which is an interesting confluence factor.
Third Probability
Price has tested and rejected a confluence of trendlines as support, indicating a possible upward movement as a follow-through. Trendlines are essential tools for traders to understand the overall direction of the market. In Monero’s case, the rejection of the confluence of trendlines as support signifies that the market participants are still confident in the coin’s potential to rise in value. This sentiment, combined with the other technical factors, increases the likelihood of an upward price movement.
XMR Monero Price Prediction
Taking these three factors into account, I have a bias towards XMR continuing its upward trajectory, potentially reaching at least $193 (a 50% pullback to the upside). While my expectation is for the $132.3 level to hold, this scenario only becomes invalidated below $115.3.
Xmr Building Up for Massive Breakout Seems Like Getting ready for Massive Breakout formed Descending Channel In 3 days Timeframe Incase Of Breakout Expecting 180 to 200% bullish Wave
XMR wedgeXMR is currently trading in a wedge. for short term moves look for potential rejection or breakout and holding above the POC
XMRUSDT wants the dynamic support? XMRUSDT is testing a crucial support level, which could determine its future trajectory.
If the support level is breached, according to Plancton's Rules, it may signal a new short position. Therefore, it is important to closely monitor the price action and volume in the coming hours and days to assess whether the support level will hold or break.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
XMR/USDT looking for similarities! Hey guys 👋
XMR/USDT has been testing that trend for a while now. With that being said we see a good chance for another breakdown to happen here which should look similar to the last one. Keep an on this one 😉
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W10-2 XMR BULLISH IDEA (DOUBLE BOTTOM)
The price has pulled back from the double bottom, and it is expected that it will break out the neckline at 156.05.
The double bottom pattern and bullish divergence are formed simultaneously.
potential bullish entry at the breakout of the neckline at 156.05SL and TP levels are defined.
XMRUSDT Sell/Short Setup on 4H TFBearish XABCD pattern. Once this support is broken, we can take an entry @ 157 and have the retracements for our planned take profits as follows:
🚪Entry: 157
💰Trade: Cross 10-15x (2% of capital)
⛔SL: 10-20%
🎯1: 152.91
🎯2: 148.89
🎯3: 144.88
🎯4: 139.16
Update about XMR position Two short area expected
For epected two pattern shark and bat .
1st short at 163.30
SL @ 169.10
2nd ahort area @ 166.11
SL @169.10
🎯 TARGET @ 127.79
MY TRADE SETUP 2% RISK FOR EACH POSITION YOU HAVE TO MENTAIN THE LEVERAGE BASED ON THAT.
Short XMRPotential bat pattern with tight stop loss target bat 0.886
To minimize your risk your stop above red order block if touched pattern will converted to shark .
Mentain your stop loss its risky trade
XMRUSDT H&S pattern remains validAfter an expected pullback, we are re-entering the XMRUSDT long as it offers a much better risk/reward opportunity.
XMR Monero could slide to $1.40BINANCE:XMRUSDT
Monero (XMR) has turned down from the neckline of the developing inverse head and shoulders pattern. However, the sharp recovery from lower levels indicates that aggressive buying on dips is happening. Buyers have pushed the price back above the 20-day EMA ( HKEX:157 ), and they will try again to challenge the neckline. If this level is scaled, it will complete the bullish setup, clearing the path for a potential rise to XETR:185 and then to the pattern target of $199.
On the other hand, if the price turns down from the current level or the neckline, it will signal that bears are selling on rallies. A break and close below HKEX:149 will signal that bears have seized control, and the XMR/USDT pair may then drop to HKEX:145 and later to $140.
Let me know what you think!
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XMR IS BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the XMR symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
XMRUSDT potential inverted H&S reversal patternXMR has rejected the uptrend trendline, after which the price has produced a new higher hight. This by itself is a bullish sign, but we must not forget about the potential Head and Shoulders reversal pattern, which is also taking place.
XMR/USDTmonero project is active in developments and just recently Monero nodes have exceeded the number of Bitcoin nodes, this is a very bullish sign
#Monero Bulls Fail To Break $165, Sellers in ControlPast Performance of Monero
Monero bulls are struggling at spot rates. Even with the broader market expanding, XMR remains pinned in a bear formation. Presently, resistance is at HKEX:165 , and the coin remains in a bearish shape defined by the bears of early February to mid-March 2023. As it is, support lies at the middle BB, that is, the 20-day moving average, and around $158.
#Monero Technical Analysis
The path of least resistance from a top-down preview is southwards. Notably, sellers throughout February to mid-March capped the upside. Resistance is at HKEX:165 , while support is $158. The middle BB also serves as a vital reaction line. However, the March 27 bear bar defines the current formation. Although prices floated higher, they couldn’t break HKEX:165 and reverse the losses of March 27. Therefore, conservative traders can watch how prices react at $150. Losses below this level may see XMR drop to HKEX:130 since sellers are in control from an effort versus result perspective.
What to Expect from #XMR?
Unless there is a sharp, high volume break above HKEX:165 , reversing March 27 losses, sellers will be in control. They will be aligning with sellers in February 2023. Currently, immediate support lines are at HKEX:158 and HKEX:150 , respectively.
Resistance level to watch out for: HKEX:165
Support levels to watch out for: HKEX:158 , HKEX:150
Disclaimer: Opinions expressed are not investment advice. Do your research.
Monero Road AheadMonero has been trading in a downtrend for a while, and almost strictly within the red shaded (fib .236 - .382) area for 11 months straight. It has a date with destiny soon though, and will either breakout within the shaded triangle area or collapse down to the $145 range. If Monero clears the .382 fib line at $172.60, I really need to see a firm retest. To confirm both the breakout of the downtrend, and the flippening of .382 from strong resistance to support.
The .5 fib at $195 will not be as strong as what .382 has been. If Mordinals or larger macro factors hit quickly, $195 will be taken over with little resistance.
Entering now at $160 and exit upon passing $195. Targeting $205 for a 28% gain sometime in late April/early May. NFA
XMRUSDT LongXMRUSDT Long once you see that it tries to break the price 166. it can easily open the way to 194.
#XMRUSDT #LQR #TOBTC #LaqiraProtocol The support and resistance in the specified chart are
the numbers specified using the confluence of fibo and static levels have been obtained
after confirmation you can open a trade
this analysis is not an offer to buy or sell
Monero, XMR to the downside? You have been warnedGood day everyone,
The daily time frame suggest that XMR can see a massive move to the down side. Calling out for all of eternity XMR incoming measured moves of $118 then $66, I could give you all 5 layers of confluence I see but what fun would that be, hint one of them...starts with a H ends with a S...Happy Trading folks!
