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Monero

Monero Completing Potential Zigzag Elliott Wave PatternXMR looks like it is completing a potential zigzag where wave-c is only about 62% of wave-a. This implies that the entire zigzag should get retraced and we should see a powerful move to new all time highs. Wave-c is also a potential terminal impulse which means it should be retraced very quickly. To confirm the terminal impulse we must retrace all of wave-c faster than it was formed, and it will likely happen in less than 25% of the time of wave-c. We've already slightly broken the 0-b trendline so if this gets some follow through we could see a fast move up to new all time highs. The timing of all waves is virtually perfect and basically all rules are followed from a price, time and structure perspective. This comes at a time of extremely heightened privacy concerns regarding sanctions targeting Russian crypto addresses and Canadian asset seizures targeting vaccine mandate protestors. Monero is the oldest and most trusted privacy coin, as well as the most liquid and most widely used in dark net commerce so it has several advantages, especially for larger entities like Russian elites who want to avoid sanctions. Based on this I have a feeling XMR could do well at least in the short-term but potentially in the longer-term as well. There's also very large bullish momentum divergences forming that indicate a large move to the upside could be happening soon. Potential targets depend on how quickly wave-c and the entire zigzag are retraced. It's possible that this is a triangle wave-c instead of a terminal, meaning it would be followed by a d-wave, though this seems unlikely. If we a get a wave-d then it won't break all time highs and wave-c likely won't be retraced faster than it was formed. If we get a fast retracement then this should go to around 3k at minimum, but depending on the long-term could even go as high as 20-100k in a few years.
XLong
by Intuit
4
Monero $XMR to $200 Monero has continued its mark-down with solid intraday trading opportunities, rallying briefly to $234 before continuing downward price action. Expecting $200 early this week due to FOMC meeting & broader markets before deciding if $200 support holds for a reversal & climb back above $250 towards $270 and centerline of long-term channel or breaking down on path to $150. LTF shorts have upper hand bit will need to assess market sentiment as $200 PT is hit and next phase becomes clear.
XShort
by R0MM3LL
$XMR/USDT 3h (#BinanceFutures) Falling wedge breakout and retestMonero is pulling back to 200MA support and looks good for a bounce after and resume bullish. Current Price= 243.55 Buy Entry= 244.15 - 238.15 Take Profit= 261.12 | 276.36 | 295.61 Stop Loss= 225.11 Risk/Reward= 1:1.25 | 1:2.2 | 1:3.4 Expected Profit= +24.84% | +43.80% | +67.74% Possible Loss= -19.95% Fib. Retracement= 0.5 | 0.786 | 1.117 Margin Leverage= 3x Estimated Gain-time= 2 weeks Tags: #XMR #XMRUSDT #PoW #Mining #Privacy #Blockchain #Bytecoin #Hardfork Website: getmonero.org Contracts: #Mainnet #Secret secret19ungtd2c7srftqdwgq0dspwvrw63dhu79qxv88
Long
by TradingOn
XMR/USD Main trend (part). A cup with a handle is formingThis idea is just an update of the previous closed trading ideas of the main trend (to understand what is happening) and the secondary trend (to work) for 2020. I updated, so to speak, after reaching the goals of 480.18 Linear chart specifically to remove "market noise" (squeezes). The main trend (part). A cup with a handle is forming. The cup with the base of almost 1000%. After reaching the level of $480 a pullback (formation of a classic TA handle to this huge cup) takes place. It is rational to enter the market on a breakdown or pullback after the breakdown of the descending secondary trend (purple), which is also a resistance of the handle to the cup. Another option is to dial in portions from the support level zones by martingale, on a reversal on the underlying can also be on the breakdown of the pyramid. In very hard times for very fat wallets will show great profits in the moment... It's worth recalling that the monero (XMR) refers to "anonymous cryptocurrency" in the crypto community. Remember where the founder of this cryptocurrency rested for a long period of time and where he is now. Therefore, we can put a point on anonymity (large amounts). I am sure in connection with recent events in the world and the destruction of the finances of Russian oligarchs and not only this cryptocurrency will be actively used in 2022. The liquidity is not comparable to BTC and ETH, so the price can significantly swing at a moment's notice by the cornered. My previous trading idea for this cryptocurrency: XMR/USDT Main Trend (long term) From and to. 118.666 - 480.18 XMR/USDT Local work. Channel. Pivot area
by SpartaBTC
2
Monero $XMR to Test $200Monero has benefited from recent market preference for privacy given recent actions to weaponize financial instruments and access. (ex: Canada v. Can Citizens, NATO countries v. Russia). 8 consecutive weekly green candles saw XMR appreciate from $130 to $290. Today, XMR is testing 20 EMA support with multiple indicators reflecting a cooling off period is underway. Recapturing the 20 EMA would not be bullish given broader markets & headwinds, but would help build support level & reduce likelihood of testing $150 down to $115 price points. While Monero has longevity, price action will be susceptible to significant volatility as nation states and institutions work to maintain status quo and push centralized agendas and green initiatives that view Proof-of-Work as antithetical to the ESG narrative.
XShort
by R0MM3LL
$XMR to Test $200 SupportMonero has realized 8 consecutive green weekly candles, from $130 to $290. Privacy protocols have benefited from market desire for unlinkable & untraceable transactions this year in the face of the weaponization of financial instruments. XMR has a long track record, is a trusted blockchain, and has a long-term place in the crypto space. However, institutions and central banks are trending towards more insight into transactions with the European Union primarily leading the efforts, not to mention concerns regarding Proof-of-Work energy consumption and push towards green/renewable and alternative consensus mechanisms. Near-term, expecting a test of $200 support from local high of $290 (~30% retracement) with potential to see bearish continuation to $150 and then $115 if the broader macroenvironment continues to realize rampant inflation in the face of a slowing economy. Indicators support the current decline with MACD reflecting a recent bearish cross on the daily, declining momentum and on balance volume. Monero has lost 20 EMA, regaining with a close above this would result in need to watch closely as the week progresses.
XShort
by R0MM3LL
XMR/USDT : Breaking below the channel !BINANCE:XMRUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $XMR has formed an ascending channel and now it's breaking below the formed channel. Based on the current volatility of the market; We might have more false break-out or rejections! So in that term, I just marked an S/R line on $245, Which is going to give us the Short trigger after a close below and we can have our Short on the proper retest of mentioned line. I would adjust a secondary for those who trying to have passive trades : Trading setup : 🔻 Entry Pointes : $250 - $255 - $260 📍Targets : $241 - $233 - $217 - $206 - $190 🟥 Overall stop-loss : $285 Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
XShort
by Helical_Trades
12