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Monero

Monero/Bitcoin, is this accumulation?I'm an absolute noob, so no idea what I'm doing but wanted to play with the wyckoff schematic. From the tutorials: Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. A terminal shakeout at the end of an accumulation TR is like a spring on steroids. Shakeouts may also occur once a price advance has started, with rapid downward movement intended to induce retail traders and investors in long positions to sell their shares to large operators. However, springs and terminal shakeouts are not required elements: Accumulation Schematic 1 depicts a spring, while Accumulation Schematic 2 shows a TR without a spring. Test—Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume. Again, no idea, I was just looking at the schematic and it reminded me of xmr/btc a bit.
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by TraderT33
1
Which is the STRONGEST cryptocurrency (this week)?Earlier I took and posted a short trade on Ethereum BITFINEX:ETHUSD . As the trade plays out and I watch other cryptocurrencies in the market there is an interesting divergence. Ethereum is selling off but it remains one of the stronger cryptocurrencies in this pullback by holding its gains. BITFINEX:BTCUSD has retraced the full 50% of yesterday's rally. Cryptocurrencies like Dogecoin BITFINEX:DOGEUSDLONGS are clearly weaker failing to hold the Retracement. Meanwhile some are stronger in the short term like Monero BITFINEX:XMRUSD which have gone on to break the rally high. A good principle is buy strength and sell weakness. This puts you in line with the trend. I would advise checking how your favorite cryptocurrency is handling today's price action.
BITFINEX:ETHUSDShort
by norok
1
MONERO - Don't Miss This Easy Setup! Monero is setting up for a massive bullish wave very soon. We are currently at a local double bottom and seeing some strength but the best place would be the bigger double bottom at the $120 level. Trade Idea: - Watch for a breakout of the descending black trendline for confirmation - You can enter at the local double bottom (now) or you can wait for price to come down to the bigger double bottom - Once entered, put stops below the lows - Targets: 315 - 500 - Manage the rest Goodluck!
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by Altsignals
3 Altcoins to Watch 👀 Hey traders, While bears are locally dominating a crypto market, I am looking for altcoins to buy at a discount. Here are three coins to watch for potential buying: Monero (XMRUSD) -65% discount from ATH. The coin is currently approaching a key weekly level. 168 - 180 is the area on focus. Look for a confirmation within that zone to catch a bullish wave. Cardano (ADAUSD) -63% discount from ATH. The coin is quite close to a key weekly demand zone. 0.888 - 1.015 is the area on focus. Wait for the test of that zone, then look for a confirmation to buy. LINK (LINKUSD) -68% discount from ATH. The coin is currently approaching a key weekly level. 13.2 - 15.0 is the area on focus. Let the price reach that zone first, then look for confirmation on lower time frames before you buy. *by a confirmation I mean a reversal pattern being formed on intraday time frames. What do you think about these coins? ❤️Please, support this idea with like and comment!❤️
KRAKEN:XMRUSDLong
by VasilyTrader
22
XHVUSDT, a KuCoin GEM that is on its way to HAVEN! Fellow TradingViewers, Vegans & Haven CHADS. As you can see on my last idea, AVAX quadrupled, things have changed over time. But HERE I am with a new idea, XHV aka Haven Protocol is really on its way to Haven (ikr, it's heaven). As you can see, we are on a very critical point, we have double support, FIB's looking good. Very high chance that we are going up if BTC doesn't make any stupid moves. Between 6.00 and 6.20 is a very good buy. Last but not least, I will end this idea with a very important quote; “The problem is that humans have victimized animals to such a degree that they are not even considered victims. They are not even considered at all. They are commodities like TV sets and cell phones. We have actually turned animals into inanimate objects – sandwiches and shoes.” Gary Yourofsky Peace be upon you.
XLong
by FurkanE
Where HOLDER hold their assets in XMR.Based on the price action analysis, a sell off happened on 7 May 2021 where price at the all time high was $519 and drop to $180 where most of investors are holding this level at now moment. A break above $225 area show the increase in demand for Monero and the decrease of bearish pressure. Its been 3 months price holding $225 area. Thats a opportunity to buy at this level. A break above descending trendline area could means a continuation of bullish pressure. For long term investment Im very bulllish on Monero because it has such a strong intrinsic value for the future of Cryptocurrency which is the use case of the coin itself the main reason why crypto world are here. What are your thoughts on the future Monero?
XLong
by TraderMalaya_
1
Monero XMRUSD - Cup and Handle + Rounding bottom +1000%- It is a right time to buy Monero, because of the cup and handle formation! - Target is 1:1 fib trend-based extension - in next leg up, so be prepared. - RSI is ready for a pump and once we reach all time high, we should accelerate in speed. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
BITFINEX:XMRUSDLong
by UnknownUnicorn2537518
5