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Monero

XMRUSD analysis (request for jreback)This was more of a request from another member @jreback Just to be clear I'm not trading this market right now. First thing I see is the ascending wedge that formed back at the start of July, this is one of the only types of Break out patterns I trade to the Upside as it generally offers great Risk to Reward and fast price action with very little market structure to clear to the left. How ever the failure on the squeeze saw selling pressure take over and win this battle so more downside coming. Current market structure is a slow bleed as we find new lows, the support level marked is formed from structure back on the uptrend a few months ago. One thing i noticed is the large volume spike over the last few days didnt really have the price action you woul expect and noticing 5 short candles with large wicks to the upside tells me a lot of that volume spiking is sellers pushing price down as there is obviously a large supply at that level. Im assuming this may continue to bleed lower over the next week or so and would look for a new reaction on the candles when coming to that support level around 171. Watch those 2 small circle areas from the lower support of this range, an early break could see a much faster drop imo.
XShort
by DeNomics
Monero at exciting levelsMonero is at some very exciting levels. Fundamentally it is off the ATH quite a bit and if you are into buying and stacking in cold storage, it can be a great level if you are a believer. As a trade, it is at an exciting and also psychological level of $200. Some people want to play it short, that makes sense looking at the technical analysis and breaking below 200. However once you mix it with the fundamental analysis, personal belief in the coin, the project behind it, the huge community it has, all indicators are shouting BUY. That is not to say it can't go lower, be careful if it breaks and have stop losses in place. As a personal long term play, I am adding more Monero to my portfolio and if it drops I will add more. As a trade, I am waiting for it to break up and will open a long term trade with tight stop losses, moving the SL up to the entry position once it goes up, then letting the winner run and looking at the technicals when to take profit and look for new positions to enter. Good luck :)
BITFINEX:XMRUSDLong
by Atlas-Horizon
Bitcoin at $33,500 - buying the dip on 2hr EMA supportLove the converging triangle. Given how weak the USD is getting, anyone with USD should change FIAT and if you can't find any good ones, Bitcoin at $33,500 is a safe heaven of value. The Feds and tax man won't touch BTC because it's trackable. Toxic coins, anti-government coins like tether and monero is where the manhunts are for tax evaders and other bad actors. All abord BTC at $33,500 as we wind up for the next leg. Looks like the negative news is washing out? We might dip to sub $30K for a stop loss raid because you can bet that central financial banksters in non-traditional countries are accumulating real Bitcoin, not the BS "trading vehicule" paper Bitcoin likely being use to bring down the prices as they do with metals and commodities. Love the Fed and Banksters. If you can't fight them, join them! Thanks for the cheap crypto coins boys! Keep it up, there's no other option really? Comments always welcome.
BINANCE:BTCUSD.PLong
by UnknownUnicorn2413721
🆓Monero (XMR) July-7 #XMR $XMRXMR just broke out of the $220 resistance area and is heading towards the $270 and $360 areas. However, if the selling comes back and makes it lose the $220 area, it will fall back to the $180 zone 📈BUY 🔴Buy : 215-225$. SL if B 🔴Buy : 265-275$ if A. SL if B 📉SELL 🔴Sell : 265-275$. SL if A 🔴Sell : 355-365$. SL if A ♻️BACK-UP 🔵Sell : 215-225$ if B. SL if A 🔵Buy : 176-184$ if A. SL if B ❓Details 🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY and SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone
XLong
by CryptoStation
1
Monero on course for big bullish breakout!Chart: XMR/BTC (Daily) Monero has been pushing up gradually and consistently, the 0.5 Gann Box price/time line has been hit. If Monero pushes past this convincingly, this line will turn from resistance to support and we can expect more bullish action. Monero took a big hit from the recent crash and could be a very good time to buy back in. Next resistance points include: (a) 0.011475 (b) 0.019546 (c) 0.027618 (d) 0.03569. Depending on how bullish you are would determine your targets. Let me know in the comments what you think! Disclaimer: NOT professional advice, invest at your own risk.
XLong
by cmpkpersonal
XMRUSDT Might Be at the beginning of an Uptrend @monero Welcome back Traders, Investors, and Community! Hi Traders, XMRUSDT has broken above the major Resistance, however the market is ranging now and I guess we would have a retracement at around 199.27 before we start a new uptrend. The price also may go back all the way down to retest the Resistance before it goes up. ⬆️Buy now or Buy at 199.27 ⭕️SL @ 182.99 ✅TP1 @ 222.66 ✅TP2 @ 244.05 ✅TP3 @ 274.92 We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
XLong
by Fibonacci-Signals
2
💡Don't miss the great buy opportunity in XMRUSD @monero Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (199.27). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 46. Take Profits: TP1= @ 222.66 TP2= @ 244. 05 TP3= @ 274.92 TP4= @ 307.92 TP5= @ 344.90 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
9
💡Don't miss the great buy opportunity in XMRUSD @monero Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (199.27). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 46. Take Profits: TP1= @ 222.66 TP2= @ 244.05 TP3= @ 274.92 TP4= @ 307.92 TP5= @ 344.90 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
18
XMR Analysis of 4y Monero Price Movement and Yearly ExpectationsMonero is probably one of the few old cryptocurrencies that has retained its value in monetary terms, as well have the main old-school function of the crypt - anonymity! Crypto anarchists who value the anonymity of the crypt, buy XMR and hold for years , and such actions allow the price of XMRUSDT to adequately keep on the global chart. Today we will look at the XMRUSD chart on a 3D timeframe, touching the previous 4 years of trading and try to look into the future for a year) In December 2017, the maximum value of Monero was established - $478 . After that, XMR holders had a difficult 3 years (1 year of decline + 2 years of consolidation at the bottom) + 1 year of growth. And now, after +/-1230 days. At the beginning of May 2021, the price of XMRUSDT was able to renew the maximum , setting it at a new level of $519 But literally, a few days later, it became clear that this was just a false breakout of an important level. And already on May 19, when the entire cryptocurrency market was fall, it became clearly visible on the XMRUSD chart at what price XMR investors are ready to buy this asset in addition. The mirrored level of $115-125 has shown its importance 4 times over the past 4 years. In the fall of May, it was from there that an aggressive buyout took place. The drop of Monero was -75%, which is higher than the average in the crypto market during this period. However, there is also a positive factor. Today, when the price of BTCUSD is again dropping towards the critical 30K$ and most of the alts are surpassing BTC in the rate of decline, and some are even preparing to renew the minimum of the last month, the price of XMRUSDT is being held with dignity, long-term investors are not selling yet. What we saw on the chart makes us think and assume that the price of XMRUSD will most likely not fall below the critical zone of $152-162. In this case, a global pattern can be formed on the chart to continue the " Cup with a handle" trend. The upper target of such a figure, after fixing above $500 , will be around $1800 per XMR. It is also always worth keeping in mind an alternative scenario in case the price of BTCUSDT will drop below $28,000 in the near future and continue to move down, then altcoins will not be able to resist this trend. In this case, the global zone for buying Monero for the long-term long will be at the range of $50-80 Write in the comments which scenario of price movement you prefer, and what developments you expect. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
X
by P_S_trade
31
XMR Near-term predictionNow that Monero has broken out of bitcoin's grasp, it can start it's stealthy run-up to new (albeit, not as large as before) highs. After this period we will see another pull-back and I see this as being the halving-top of monero. Either that or we continue to run to the 600s-700s. Previous support helped us again on may 19th and if we get below that we will not come up for a long time, that support will turn into extremely heavy resistance and I see that as the local floor. I'll leave updates when they come.
KRAKEN:XMRUSDLong
by itzblaze111