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XMR finding support and starting its next leg upwards 🚀XMR seems to have broken out of this ascending triangle quite early and we were hoping for another rejection of this resistance as it would have made setting a momentum long order very interesting. Seeing as this did not happen and XMR broke up earlier that expected I was not willing to trade it but it is already back at the top of this ascending triangle which can be a great test of support. If XMR does find support here I would look at laddering some longs around this area, although if XMR can't hold this support level I would be looking at the 230 dollar area as another support level to ladder some long orders.
Long
by TheForecasters
XMRUSD Time for accumulationPattern: Bullish Megaphone on 1D. Signal: Buy on the MA50 as the RSI got rejected while the price hit the top of the Megaphone. Target: 400.000 which is the top of the Megaphone and just below the 2.382 Fibonacci Channel extension. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> TradingView --------------------------------------------------------------------------------------------------------
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by TradingShot
10
Monero/XMR is a sleeping giant.Monero has one main purpose, to ensure privacy between users and it arguably does it better than any other cryptocurrency by offering privacy by default. Pros: - Atomic swaps might be released by the end of the year allowing for trust-less BTC<->XMR swaps - Grayscale considers launching a Monero trust, if it happens they would probably be accumulating right now - Michael Saylor mentioned in a podcast that if people want privacy they should "just use a Monero" - Averaging around 4x the number of transactions since the last ATH in 2017-18 Cons: - Exchanges in Australia and the UK aren't allowed to list XMR - Possible regulatory scrutiny by other countries targeting privacy coins - Associated with crime (some could see this as a pro) There are many more pros and cons, which I might add in later. Targeting $420 by year's end.
BITFINEX:XMRUSDLong
by Kanocrypt
1
XMRUSDT (MONERO) - POTENTIAL BREAKOUT ANALYSIS 🔎 - XMRUSDT printed a falling wedge pattern. - A falling wedge pattern is a bullish reversal pattern. - Price brokeout above the falling wedge's resistance. - Price action is printing a double bottom. - This is also a trend reversal pattern. - Price is testing the neckline resistance. - There's a breakout potential. BUY ENTRY ⬆️ - Breakout above the neckline resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Horizontal resistance level (R2). SETUP INVALIDATION ❌ - Breakdown below the double bottom horizontal support level (S1).
XLong
by Chibuike_Odoh
4
XMR Bouncing off Heavy SupportXMR dumped hard and its sitting on a huge weekly support. At the minimum I am expecting a retracement from the large move down. Refer to the monthly chart below. Also consider we are in a bull market so rallies can be irrational and further exceed our take profits, the exits posted below could be smashed through or honestly not met. Remember to use stop losses. XMR/BTC 1M: Expecting us to see a retrace to the 38.20% fib as a bounce of this strong support/resistance zone. At the least we see a bounce and if it has power behind it we can make it to the second 100% target. This is against BTC so would double up if played out. 64% from 50 EMA on Weekly 112% from 200 EMA on Weekly
Long
by Wael613
Why $FIRO is going to surprise $100+++ targetFor all those that have been around crypto for a while 5y+, you´re no stranger to Firo previously called ZCOIN (XZC ticker), Firo was always one of the vanguard coins when it came to privacy going head to head with ZCash and Monero, along the way there were many hiccups, which brought us to today. In January they upgraded their protocol to Lelantus. What's special about Lelantus Privacy by default like Monero, Zcash is optional No Trusted Setup - ZCash has a trusted setup Strong Cryptographic primitives - ZCash is still considered experimental Anonimity set 2^16 vs Monero 11 All this makes Firo the best privacy coin in the market Previous ATH: 142$ Circulating Supply: 11,535,491 Current Price: 6.2$ one of the few coins that have mooned ironically its one of the best FIRO MCAP vs Zcash & Monero & Horizen Monero: 3.587B ZCash: 1.626B Horizen: 529M Firo: 71M Target: 200$
FLong
by crydamus
1
XMR - 6h. Sellers are preparing for the test of $120-125On January 10, there was a fierce struggle in the XMR market for the range of $168-172. Volatility that day was rampant and the prospect of continued growth as well. Trading volumes were abnormally high. On this day, the price of XMR fell sharply and hit the mark of $120 in 2 weeks. The new buyer's attack on January 27 looks much weaker. Particularly low volumes near the critical range of $168-172. At the moment, buyers look weak and unable to keep this range. If sellers take control of this range - globally we will expect a repeat test of the range of $120-125. Given the high probability of BTC correction , scenario for continued growth to the mark of $200 is still alternative. It will become the main one after consolidating buyers over $168-172 P.S. Our global idea was to turn around from $ 172.5 _______________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
X
by P_S_trade
5