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Monero

$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 UnknownUnicorn20630062
$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 UnknownUnicorn20630062
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
In the end, "All the pieces go back in the box."This is an off the cuff video that has me discussing a very important trading mantra that I came up with years ago. I still repeat this phrase to myself a few times on a daily basis, while trading. I feel as though the compartmentalization of your "real" life and your trading life need to be put in place. Otherwise, not only will you make consistent mistakes due to aggravation, you will end up completely losing your mooby-flippin' dome after a while, kid. ♠️🐿🤫
by FutureAmericanExpat
1
XMR going strong💪Monero broke up this triangle📐 and I think there is chance for run to 372 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. Notice how price action respects the Fibbonaci extension applied to initial impulse. 0.618 already broken, 1 just tested. Next hurdle will be 1.272 and finally the 1.618 which corresponds with the triangle target. Easy breezy, beautiful. ENTRY : local high @ 282 STOPLOSS (SL) : local low @ 248.9 TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 372 REWARD RISK RATIO (RRR) : 4.3 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
XLong
by bizmark
3
Monero Price Analysis — April 20Unlike other cryptos, Monero has maintained a steady upward trajectory since its slump to the $132 low in late February. The privacy cryptocurrency has exhibited significant resilience by remaining unmoving during broader market bearish runs but following bullish waves. That said, XMR tapped its highest level since November 21 on Monday after hitting the $270 mark but recorded a sharp correction to the $250 mark shortly afterward. However, the bearish correction appears to have run its course, as the cryptocurrency rebounded above the $260 mark in the early session on Wednesday. I expect a retest of the $270 top, where my two-month-long channel top resides, over the coming hours, which should prompt a leg up towards $290. Meanwhile, my resistance levels are at $270, $280, and $290, and my support levels are at $250, $240, and $230. Total Market Capitalization: $1.92 trillion Monero Market Capitalization: $4.7 billion Monero Dominance: 0.24% Market Rank: #32
XLong
by Mr_Wogbe_Alex
#Monero adds 90% From Q1 2022 Lows, Will #XMR Rally to $300? Past Performance of Monero Monero is stable in the previous 24 hours but up eight percent versus the USDT in the previous trading week. Technically, buyers are in control, adding roughly 90 percent from Q1 2022 lows. #XMR remains bullish above April 18 lows and the support line marked by the flexible 20-day moving average from the daily chart. Monero Technical Analysis Overall, #Monero buyers have the upper hand reading from the candlestick arrangement in the daily chart. Even though the uptrend's momentum appears to be slowing down, the inability of sellers to completely unwind the gains of April 18 and break below the $230 signal strength. As a result, traders may find entries on dips above $230 with an immediate target at $300. On another approach, risk-averse buyers can wait for a clean break above $270 before trading with the primary trend. If sellers press lower, losses below April 18 lows and, most importantly, the middle BB may entail a bear breakout, possibly driving XMR towards $185. What to Expect from XMR? Monero is firm to the upside, finding support above the middle BB. Based on the formation in the daily chart, XMR may float higher to $300 provided buyers sustain prices above spot rates. Resistance level to watch out for: $270 Support level to watch out for: $230 Disclaimer: Opinions expressed are not investment advice. Do your research.
XLong
by Bitcoin_Analyzer