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XMRUST trade ideas

XMRUSDT - Key levels are being tested This would be at least the 5th or 6th attempt to test the 176.5 level on Monero. If the price breaks below this key level, the next stop could easily be 124. It will mostly depend on how BTC will do in the next few days. In my opinion, the more times this level is being tested, the more chance we'll have that sooner or later this break will happen, and the fall could be huge. We have bearish movement on most of the timeframes and MACD is also turning red. I'm already short from 188, but with a target of 168 and stop with 197. I know it could turn around and skyrocket back up, but I already made very good gains shorting the market in the past day. Let's see how it goes...
XShort
by tomsabobiz
XMR - Potential Bullish Reversal!Hello everyone, if you like the idea, do not forget to support with a like and follow. XMR is sitting around a strong support zone in green so we will be looking for buy setups. on DAILY: XMR is forming a channel in red but the upper trendline is not valid yet, so we are waiting for a new swing high to form around it to consider it our trigger swing. (projection in purple) Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone) Meanwhile, until the buy is activated, XMR would be overall bearish can still trade lower till the lower green support before going up. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
XLong
by TheSignalyst
7
XMR PERSONAL ANALYSIS IN THE LONG TERMChart shows common supports and resistances based on the Fibonacci and price action. The total evaluation for the XMR coin is neutral-bearish. The coin has a very healthy sentiment below the 175$ region, but the constant consolidation above the 0.236 (above 200$) and the repetitive oversold indications in the Relative Strength Index were not helpful confirmations in making this asset a "confident long term investment" since as you can see in the chart, there were no established lower highs and is now currently threatening current investors for a lower low price target. It had been previously being rejected in the 300$ region multiple times as well in a larger timeframe which depicts that no buyers are interested enough to establish a reasonable buying support there. The coin's trend is now below the 200 MA which portrays a bearish signal/tone in the price action. This asset should be taken into consideration of only soft buys and not full time investments. The soft buy at 174$ region is not advised if the "general" market is overly bearish, but it would be a better buy if we have a confirmed bull market. --------------- The short bias indication in this idea is made due to several criteria: a.) Highly prone lower low in Bear Zone b.) Failed establishing lower high in oversold RSIs c.) Below the 200 MA d.) Rejected at the 0.382 FIB multiple times in a daily timeframe e.) Shorts are more likely to be more profitable than longs. The recommended strategy for this coin is to buy it below the 174$ region approximately 140-160$ or less and short it in the 280-300$ region during bear trends.
XShort
by Wamses
1