XMRUSDT - Still Respecting 100D SMA, Should Continue to 165XMRUSDT - Still Respecting 100D SMA, Should Continue to 165
Monero
XMR MSNFXMonero is building up a nice bullish outlook that has seen its price jump significantly the past weeks.
The sell-off witnessed across the entire crypto market the past two weeks saw most cryptocurrencies fall alongside Bitcoin. Monero has appeared to strongly decouple from the leading asset.
MONERO XMRUSD Price Action Monero network tansactions have continued to increase since the November. MR has also historically had more transactions per day than ZEC, GRIN, or PIVX, but fewer than DASH.
Fundamentals show active and continued incremental XMR network upgrades over the past two years, including decreased transaction costs, improved transaction efficiency, blockchain pruning, improved privacy, and improved custody solutions.
SHORT TERM LEVEL
Next intra day resistance at 143.75
LONG TERM LEVEL
The cryptocurrency is down 72% from the all-time high of nearly $500, established in December 2017. All eyes over the next year are on the heavy resistance zone of US$150 based on yearly pivots , and psychological round numbers.
💡 Don't miss the great buy opportunity in Monero/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0073). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Monero/Bitcoin XMRBTC is 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 75.
Take Profits:
TP1= @ 0.00782
TP2= @ 0.00815
TP3= @ 0.00865
TP4= @ 0.00930
TP5= @ 0.00997
SL= Break below S2
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💡 Don't miss the great buy opportunity in Monero/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0073). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Monero/Bitcoin XMRBTC is 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 75.
Take Profits:
TP1= @ 0.00782
TP2= @ 0.00815
TP3= @ 0.00865
TP4= @ 0.00930
TP5= @ 0.00997
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 trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
XMRUSDT - own gameThe asset has its own game.
Pressing the level 140.
Global trend up.
Need consolidation under level.
And should expect a breakthrough up.
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
XMR Monero in the following days, 4hr TF- area to look out for in the following days
- Monero already broke the previous support trendline (not shown on the chart)
- big resistance at around 140 level, top level of a multi-month bullish cup&handle and inverted H&S
- i would say short term bearish (follows the market), long term very bullish
- watch for the breakout, either up or down!
let me know your thoughts!
Good Swing Trading Opportunity for XMR USDTAs we can see from the chart we are seeing perfect example for symmetric triangle. We can expect to see a breakout either upward or downward. Most likely the breakout will be upward since we are on a bull run.
Wait for the breakout to enter the trade, to be safe you can wait for breakout and retrace for entering the trade.
I will share the entry and target once we see the breakout.
Follows us for more swing trading and other crypto ideas.
Thanks
If Monero Support Holds, Impulsive Bullish MoveSchiff Pitchfork from previous trend.
Watching for support from the top band
of pitchfork to hold.. if so, taking a bullish position.
Short impulse 'Wave 3' leaves possibility of a long impulse 'Wave 5'. (right?)
On Balance Volume indicates strength for continuation of uptrend..
I like this trade for an approximately 30% win!
$XMRUSD: Long term bullish, but be ready to trade in and out...$XMR suggests it can rally to really lofty levels by March 2022, privacy coins might get a nice boost now, apparently, judging by the $PRIV contract at FTX. Personally, I don't love the reward to risk in these trades, so I'm not in but if you're invested you can get a decent idea of what to expect going forward.
Cheers,
Ivan Labrie.
XMR - Monero ready to make new highs?Monero looks interesting here. Crushed multi-year resistance month ago, retested it this month, and currently trying to overcome $150 level to soar to $200+ after.
I'm spot long and waiting for it to gain a foothold above $200 to open a leverage position.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
XMR - Monero Major Bull Run, 500 EOY Monero will enter a major chaotic bull run this year to 500. Currently entering a long term price discovery mode, by breaking through the 2 year channel.
XMR/USDT (1D) - Midterm Plan - Accumulation Hi Traders,
Finally got back to trading, and prepared few analysis for you.
As you can see, I expect that Monero finished First impulsive wave and now we are in the middle of Correction = Accumulation phase.
My buy positions are stacked from 120-104 USD (About 8 levels every 2 USD) to get as best price as possible.
In case of 1to1 extension of Wave 3 - Target could be around 210-230 USD... In case You are willing to Hold that long. (Several months). On Short term scale you can follow 4H chart and count partial waves inside of Wave 3.
Good luck and trade safe. BTC is near ATH so anything could happen ;)
✳️Monero/USDT (20/11) View + Trading Plan #XMR $XMRXMR has risen very strongly since September and is in the correction phase. But it looks like XMR will continue to climb further to the 150-160$ zone in December. However, XMR needs to conquer the 125$ zone, and that will be the moment we buy XMR.
If the XMR fails to rise to that zone, we will buy at lower price zones.
📈BUY- LONG
-Buy: 100-102$, SL if B
-Buy:: 125-127$ if B, SL if B
📉SELL-SHORT
-Sell: 134-136$, SL if A
-Sell: 154-156$, SL if A
♻️BACK-UP
-Sell close to 100-102$ if B, SL if A
❓Details
Condition A : "If 1D candle closes ABOVE this zone"
Condition B : "If 1D candle closes BELOW this zone"
XMRUSDT(Falling Wedge)XMR/USDT currently trading at $120
LONG Entry Level:$ 117 to 120
STOP LOSS ( support): Below $112
Resistance Level 1 : $138
Resistance Level 2: $153
Resistance LEvel 3: $300
Max Leverage: 4X
ALWAYS KEEP STOP LOSS...