XMR-4h. The price moves up to $175.Confidence, anonymity and anarchy are the concepts that characterize XMR .
The voltage of the whole crypto world does not affect this coin at all. Keeping the bottom trend line on December 21, buyers continued their clear growth trend. It seems that she was chosen to hedge losses. It is the last two 4-hour candles that have abnormally high volumes. This nature of the price movement should end with a test of $175.
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Monero
XMR-4h. Are buyers ready for the test of $175?The relatively independent XMR coin, which has repeatedly shown its character and continued to grow during the BTC correction, found itself in an interesting situation.
From November 26, the price of HMR clearly moved within the white growth channel , well predicting the next local high.
However, on December 21, buyers began to be careless with the maintenance of the trend line, as a result, the price repeatedly went beyond it.
The last two attempts to test the upper trend line of the white channel on December 23 and 27 were unsuccessfu l.
In t he range of $165-170 there was a strong seller, which effectively restrained the growth of the price of XMR. Thus, a triangle was formed, which is more likely to shoot up.
The critical point of this scenario is $156. After breaking this mark, sellers will quickly test $144. What can happen next - we will definitely write when this alternative scenario comes into force.
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bullish on privacy delistingif there is one thing worth fighting for in life, its privacy
longing this bottom channel when it hits, new world order and people will be craving the $xmr
XMRUSD $174 LONG TargetLooking at the chart of Monero on the daily timeframe we can see that it’s in an obvious bullish momentum.
Since September, XMR has consistently been rising in price after bottoming out at $86 along the monthly support.
From here, the price gained $130 & $148 as support (both previously TP levels in my most recent XMR read) and has 1st touch rejected off of $165 monthly.
Now it’s got the momentum again to push higher beyond $165 and here are my TP’s for heading long
TP1 🎯 $165.41
TP2 🎯 $174.54
💡 Don't miss the great buy opportunity in Monero/EuroTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (120.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Monero/Euro XMR/EUR in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 144.70
TP2= @ 169.00
TP3= @ 195.20
TP4= @ 236.30
TP5= @ 305.15
TP6= @ 367.95
SL= Break below S2
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💡 Don't miss the great buy opportunity in Monero/EuroTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (120.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Monero/Euro (XMR/EUR) in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 66.
Take Profits:
TP1= @ 144.70
TP2= @ 169.00
TP3= @ 195.20
TP4= @ 236.30
TP5= @ 305.15
TP5= @ 367.95
SL= Break below S2
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💡Don't miss the great buy opportunity in Monero/BitcoinMidterm forecast:
While the price is above the support 0.00600, beginning of uptrend is expected.
We make sure when the resistance at 0.00815 breaks.
If the support at 0.00600 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 0.0064 on 2020-11-21 and the trough at 0.00625 on 2020-12-21, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 0.00625 on 12/21/2020, so more gains to resistance(s) 0.00705, 0.00755 and maximum to Major Resistance (0.00815) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 49.
Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.00625 to 0.00600). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.00625)
. Ending of entry zone (0.00600)
Take Profits:
TP1= @ 0.00705
TP2= @ 0.00755
TP3= @ 0.00815
TP4= @ 0.00865
TP5= @ 0.00945
TP6= @ 0.01170
TP7= @ 0.01400
TP8= @ 0.01600
TP9= @ 0.01900
TP10= @ 0.02300
TP11= @ 0.02565
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💡Don't miss the great buy opportunity in Monero/BitcoinMidterm forecast:
While the price is above the support 0.00600, beginning of uptrend is expected.
We make sure when the resistance at 0.00815 breaks.
If the support at 0.00600 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 0.0064 on 2020-11-21 and the trough at 0.00625 on 2020-12-21, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
A trough is formed in daily chart at 0.00625 on 12/21/2020, so more gains to resistance(s) 0.00705, 0.00755 and maximum to Major Resistance (0.00815) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 49.
Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (0.00625 to 0.00600). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.
We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
. Beginning of entry zone (0.00625)
. Ending of entry zone (0.00600)
Take Profits:
TP1= @ 0.00705
TP2= @ 0.00755
TP3= @ 0.00815
TP4= @ 0.00865
TP5= @ 0.00945
TP6= @ 0.01170
TP7= @ 0.01400
TP8= @ 0.01600
TP9= @ 0.01900
TP10= @ 0.02300
TP11= @ 0.02565
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. . . . . Please show your support back,
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ForecastCity English Support Team ❤️
XMRBTC Head and Shoulders Trading SetupPrice is making head and shoulders on 1 hour time frame
Buy the breakout above 0.0067 satoshi
Monero is too overextendedTouched the upper limit of the yellow channel. Though there still is a posibility to go to the upper resistance of the red channel (about $170). The RSI doesn't look good and the volume reached its peak a couple of days ago and since then started to decline. So it is better to short a little bit here and a little bit there if that happens. The target is around $125-$135 zone. I think XMR is going down either BTC is going up or down.
XMR is in decide zonedont worry ! ill update the best buy time
xmr has done well these couple of months , 6 green monthly candles , but monero can do more , xmrusd is in super special area that can send the price to previous ATH also xmrbtc is sitting on a strong support that can made the price fly against bitcoin , for a clean and safe buy wait for retesting current support in daily or weekly
Monero - Daily UpdateBottom Line: Higher against 60.40 in a developing third wave at larger degree.
Key Levels: Below 60.40, 74.01, 86.59, 116.55 Above 135.08, 162.42
Outlook: Against 74.01, Monero should continue higher within a larger degree third wave advance.
Analysis: Yesterday's comments still apply: "Monero is little changed, although the 109.69 low has stayed intact. We next want to see impulsive trading above 128.52 to both confirm the end of the wave ((4)) correction and to set up a break of the wave ((3)) high at 139.73."
XMRUSDT completing Gartley | A good long opportunity aheadOn the small time period 1 hour chart , the price action of Monero (XMR) is completing final leg of Gartley and soon it will be entered in potential reversal zone.
Buying And Sell Targets:
The buying and sell targets as per Fibonacci sequence of Gartley formation should be as below:
Potential reversal or buying zone: $154.74 to $154
Fibonacci projection or sell zone: $155.32 to $156.73
Stop Loss:
The potential reversal zone area that is up to $154 can be used as stop loss in case of complete candlestick closes below this level.
Possible profit and loss ratio:
As per above targets this trade has a profit possibility of 1.70% and as per the above-mentioned stop loss, the loss possibility is 0.48%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
XMR/BTC Binance Micro Trend Analysiswe have an obvious break upwards and now Monero sits back in what has been its most familiar trading channel for the last 1.5 years or so, between .008562 and .007501 BTC. yellow trend lines indicate current and previous micro-trend support and resistance, while the 3 red lines represent the channel i mentioned in the previous sentence. the thinner green line is what i consider secondary support, which matches nicely with the 33 day MA. there is still a lot of upward momentum so no reason to expect any major downward moves. i expect it to stay within the box and in the upper part of the channel until it breaks to the upside, or drops to retest that long-time support/resistance. either one will indicate a rapid move to the upside or downside, respectively. from a macro perspective, the thick blue line is rock bottom support stretching all the way back to the historical low, which has actually been slightly increasing every dip. we just finished testing that support and rebounded nicely. with current market conditions and the energy upwards, i see no reason for us not continue these nice and steady gains!
Monero entry and sell pointMonero just hit fibo levels, above 50 ma, good entry point. exit point will be around fibo 0.50