Get started

Monero

#Monero Breaks From a $20 Range, XMR Bears Target $130Past Performance of Monero Monero prices are free falling when writing, crashing from below $155 and the middle BB. Based on the candlestick arrangement in the daily chart, the path of least resistance, at least in the short term, is bearish. It is a formation following strong gains from mid-June 2022 that saw XMR prices surge by roughly 80 percent. #Monero Technical Analysis XMR prices broke from the $20 range between $175 and $155, respectively. The breakdown of earlier today follows the formation of lower lows relative to the upper BB, suggesting weakness. Therefore, with Monero prices crumbling, dropping nine percent in the last trading day alone in a bear breakout formation below the dynamic support level and $155, every low may present more liquidation opportunities for traders to target key support levels. As it is, any confirmation of today’s breakout may see XMR drop to $130 or $110, the 78.6 percent Fibonacci retracement level of the June to August 2022 trade range. What to Expect from #XMR? The cool-off in the broader crypto market is slowing down Monero. After impressive gains from mid-June through to mid-August, XMR prices are retracing. Resistance level to watch out for: $155 Support level to watch out for: $130 Disclaimer: Opinions expressed are not investment advice. Do your research.
XShort
by Bitcoin_Analyzer
Monero : Every detail about latest hardfork + Technical AnalysisHi friends. hope you are good. today i want to tell you some details about August 14 Monero Hardfork. after that we take a look at XMR chart and analyze that in price action. Lets Do Them: This fork happened at block 2,688,888, this Sunday (14 August). It brought several fixes to the internal multi-signature mechanism to facilitate the exchange of information. Such as key sets and data synchronization between wallets, as explained on their website: “Multisig means that a transaction needs multiple signatures before it can be submitted to the Monero network and executed. Instead of one Monero wallet creating, signing, and submitting transactions all on its own, you will have a whole group of wallets and collaboration between them to transact.” The network upgrade also included changes to its ‘Bulletproofs’ algorithm to boost transaction speeds and reduce transaction sizes by an estimated 5-7%, as well as improvements to its multisig mechanism. At the end lets see some after effects: 1-Monero’s block size increases. 2-XMR’s market capitalization rose 3-According to Lunarcrush.com , Both social mentions and engagement saw 121% and 180% hikes. 4-Whales began to showcase interest to XMR. Hope you enjoy this article. now lets see Technical analyze of XMR on marketcap: please share me your opinion about this post in comments. we will grow togheter...
CRYPTOCAP:XMREducation
by TraderAmin-KZ
XMR - Monero is weak☠️Reasons to take short: ⭐️ Today BTC futures exprire, I expect trend reversal for BTC ⭐️ Trendline 8 days long ⭐️ Trendline is clean ⭐️ Price is squeezing to the trendline ⭐️ 4th touch ⭐️ 22 ATR Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
XShort
by Artem_Dishel
3
Monero Breaking Up (Ichimoku)As a followup to my Ethereum BITFINEX:ETHUSD post yesterday Monero BITFINEX:XMRUSD is likewise confirming an Ichimoku breakout on the Daily timeframe. Monero is the third coin I watch most closely following Bitcoin and Ethereum. I believe that its use case (privacy) is one of the strongest reasons for cryptocurrency and the coin has been well established since 2014 and still under development. In marketplaces online where privacy is paramount they accept two currencies; Bitcoin and Monero, and Bitcoin's transaction costs are often far too high. Monero is the clear winner in this use case presently and likely into the future. The YTD performance for 2022 of Monero has also outperformed both Ethereum and Bitcoin. So will investing in the two most popular currencies years ago would have yielded greater returns historically in recent history the winner has been Monero in terms of retaining its Store of Value. Comparative values: Monero Bitcoin BITFINEX:XMRBTC Monero Ethereum BINANCE:XMRETH
BLong
by norok
1
#Monero is up 68% in 2 Months, XMR Resistance at $170Past Performance of Monero Monero has been on an uptrend after bottoming in mid-June 2022. At the time of writing, XMR is up 68 percent from 2022 lows, and buyers have the upper hand. Even so, the stagnation of the past week is a concern for optimistic bulls. This is considering that prices failed to close above the May 2022 highs of around $215. Still, how prices react in the short to medium term depends on whether prices will print above $170 in the coming trading sessions. #Monero Technical Analysis From the daily chart, XMR has resistance at $170 and is within a rising channel. On the reverse side, primary support is marked by the 20-day moving average flexible line. While the uptrend is clear, there are concerns about lower lows versus the upper BB pointing to weakness. Although buyers can load the dips as long as prices are above $150 or August 1 lows, clear loading points are above $170. A close above this liquidation level, confirming gains on August 7, could propel Monero to $215 in a bull continuation formation. Conversely, deep breaks below the middle BB and $150 may trigger a sell-off, forcing XMR towards $130. What to Expect from #XMR? Buyers have the upper hand at spot rates. Still, there are hints of weakness following the retracement from last week's highs. On the bright side, buyers have the upper hand if prices are sustained above the middle BB and $150. Resistance level to watch out for: $170 Support level to watch out for: $150 Disclaimer: Opinions expressed are not investment advice. Do your research.
XLong
by Bitcoin_Analyzer
Would You Short This Chart?If you would, you would be selling BTC and buying XMR! It's an inverted chart. It looks a bit like most assets markets did 6 months ago, and I thought flipping the chart would make it easier to see. Maybe we have a fundamental reason to care about private transactions during these weird times? Or perhaps just a timing coincidence. The fork is also August 13th. What do you think? BTC reigns supreme? We go sideways a bit more? Full on breakdown? Thanks for taking a look, and don't forget to hedge your bets!
XShort
by fringe_chartist
18
Monero Price Analysis — August 1Monero appears to be on a bearish trajectory towards the upper $140.00 area as the crypto market took a break from its aggressive recovery from last week. XMR tapped a high of $166.90 last week, where the price came into contact with my long-term bullish channel, prompting a correction. That said, the privacy blockchain cryptocurrency is locked on touching the $150.00 low in the coming days. On a larger time frame (daily stochastic indicator) the bearish correction seems warranted, considering the price has wandered too far into overbought conditions. Regardless, I do not see the ongoing bearish correction extending below the $146.00 mark, the projected base of my channel, before a bullish rebound kicks in. Meanwhile, my resistance levels are at $160.00, $165.00, and $170.00, and my key support levels are at $150.00, $146.00, and $140.00. Total Market Capitalization: $1.07 trillion Monero Market Capitalization: $2.95 billion Monero Dominance:0.27% Market Rank: #26
X
by Mr_Wogbe_Alex
Giant Bull Flag on Monero's weekly timeframeWe can see a giant bull flag on Monero's weekly timeframe with of course an overshoot of the pole, according to the pole size without the overshoot the price targets could reach or exceed previous ATH of around 500$ depending on the breakout zone also coinciding with the completion of the giant cup and handle patern, if we were to take the overshoot into account, price targets could be around 720$. We also need to take into account that if BTC and the markets decided to head south as many expect/expected Monero can easily fall to the 70$ range all while staying in the bullish flag. Currently we are flirting with the median line of the descending channel acting as resistance.
XLong
by TrendlineNoob
XMRBTC Bars Pattern IdeaIf we duplicate the rest of the current corrective cycle through the bars pattern with similar geometry, it breaks out of the 5 year resistance! Not saying it will happen but it is intriguing. Similar ideas have worked. Additionally, it looks like we could still face 20% downside against BTC before the potential resistance break. What do you think? Will the XMR 5 year bear trend continue or will we get a breakout? Thanks for taking a look. Good luck and don't forget to hedge your bets!
X
by fringe_chartist
2
XMR bullish wedge!Reasons to take long: ⭐️ BTC is bullish ⭐️ Formed local level ⭐️ Close to the end of formation ⭐️ Slowly squeezing to the level ⭐️ 4th touch ⭐️ Over VWAP Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
XLong
by Artem_Dishel
4
#Monero Surges 60% from 2022 Lows, XMR Prices May Retest $180Past Performance of Monero Monero prices are rising with the tide, adding approximately 60 percent from 2022 lows. At spot rates, buyers are in control, and prices are ticking higher in a bullish continuation pattern. Notably, from the daily chart, XMR is up 12 percent in the past trading week after breaking above $130 and May 2022 lows. #Monero Technical Analysis As per the formation in the daily chart, XMR bulls are in control. Following the break above $135 last weekend, the follow-through on July 18 was with rising trading volumes pointing to confidence. As XMR prices edge higher and XMR bars ride the upper BB, every low could provide traders with an opportunity to double down, with the first target being $185, a key reaction point in H2 2022. This preview is valid only if prices hold above $130 and the dynamic support level, the middle BB. What to Expect from #XMR? Monero bulls are edging higher, riding the rising crypto tide favoring bulls. In the daily chart, XMR is above $130, a former resistance level, now support. Monero could soar to retest May 2022 highs if the upside momentum is sustained. Resistance level to watch out for: $185 Support level to watch out for: $130 Disclaimer: Opinions expressed are not investment advice. Do your research.
XLong
by Bitcoin_Analyzer
1
Zcash vs Bitcoin has Death Cross Impending or Mega RallyFoundational upgrade delivered without causing a network or market crisis. This is now a potential green-light for Zcash to continue to outperform against Bitcoin If the local levels are rejected during rally attempts (003500 and 004000 namely) then this will move much lower toward 002000 electriccoin.co Zcash Network Upgrade 5 (NU5) activated on mainnet today, May 31. It is the most important milestone for Zcash since the cryptocurrency launched in 2016 — and as our Electric Coin Co. (ECC) CEO Zooko Wilcox put it, “an historic step forward for human society.” NU5, the first major upgrade since November 2020, includes the launch of the Orchard shielded payment protocol, utilizing the Halo proving system to remove reliance on complex setup ceremonies. The efficiencies built into this upgrade make possible — for the first time ever — private, trustless digital cash payments on mobile phones. Halo also paves the way for increased interoperability by providing a system that could unlock private cross-chain proofs at scale.
Long
by noam_chom
Monero Long-Term Extremely Bullish (90% Potential Profits)Monero is a classic within the cryptocurrency market and we have a great chart on this pair; Extremely bullish. This is the weekly timeframe for XMRBTC (Monero vs Bitcoin). Notice the triangle, the upper down-trendline has been broken. XMRBTC is trading above EMA50 and EMA100 weekly, this signal here is 7x stronger than on the daily timeframe. The RSI is also really strong while trending higher. The trading volume is stil low... But as the chart is bullish, this is a continuation signal rather than a bearish one. A 90%+ target easily accessible on the chart. Thanks again. If you read through all the articles you are a genius... Namaste.
Long
by MasterAnanda
2
$XMR - Short the week - It should bounce back around $105 *SMT**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.* As XMR just finished creating the Break of Structure on the low side and came up short of breaking the structure on the high side, it appears that this was just a runned attempt at a bearish order block to be rejected back down into the last 4 hour fair value gap area. I marked the weekly consequential encroachment (Half of the weekly FVG, $121-122) and entered short there....As it's rejected it starts to head toward the bottom of the 4 hour FVG which is also a confluence at the 79-80% which is where most rebounds happen. and that number is 104-105 as an opening. On this one I could go either way but the earlier I enterered the less of % wager I would press and low leverage. The later the stage it gets the later you enter the more you can wager and add leverage. And taking from the smart money playbook the earlier and sharper the price rises during the week , the more it will fall as the week goes on. Low possibly being on Friday or Saturday, looking for it to get around 105 by then. If you watch the analysis week by week, It's an obvious pattern. WEEK 1: WEEK 2: WEEK 3: Current Week: Good luck and happy trading.
Short
by BodiesXWix
2
Monero Weekly (Long-Term)Here we have mutliple years of data for Monero vs Bitcoin (XMRBTC). Let's read the chart. We have a bullish bias based on the fact that a low was set in December 2020 that has never been tested again. We see a consolidation pattern forming, lower highs and higher lows... This will lead to a pressure point where a break will occur. We also have a cup & handle pattern starting around August 2021. And last week prices closed above EMA50. The RSI at 56 is really good on the weekly. Monero is good to buy and hold long-term. A good place to let some crypto-funds rest. This is not financial advice. Thanks a lot for the continued support. Namaste.
Long
by MasterAnanda