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Monero

XMRUSD MONERO to ZERO?Wave 5 is on its way or very close to starting. Monero increasing in price on declining volume having hit the top of the channel for the third time and as typical of a wave 4 had broken the channel in both directions. Any spike higher from here will more likely fill my remaining Short ladders than scare me out of the trade. This crash will wipe out many Sh!tcoins, will any of the big boys fail with them? Monero does have targets to $1 but there are confluences at $20 and $10 which could save it.
KRAKEN:XMRUSDShort
by BrazilNutz
2
Monero $XMR predicting the crypto market price movements?So, let me share this interesting speculation based on Monero chart. Now, it's clear that crypto tokens move altogether more or less, and paint the same kind of structures, channels, breakouts, -downs and such. While inspecting different charts of alt coins and bitcoin we have seen the same sort of descending channel - in case of bitcoin, starting since $10K+ and here with Monero since $100 or so. In every chart we have seen the price break the channel floor, leading to that nasty drop with that nasty wick, and so far it has been the bottom since the problems began throughout the markets. We have also seen decently fast recovery in crypto and price have fought its way back to that lost descending channel. Only here in Monero case however, what I've seen, the price movement has already reached the upper side of that same descending channel as well. I don't know what kind of conclusions make of this tbh, either Monero is just ahead of the curve and predicting rest of the crypto markets - or it's in overall just more bullish compared to many other. However, I feel that if the price can breakout of this channel, the drop that many people have been waiting for, may not happen, at least not in such aggressive way we've been prepared to. Soon we see.
XLong
by paskalien
XMRUSD forming bullish Crab for upto 587% bullish moveHi Folks hope you are well, this bearish trend is helping many tokens and cryptocurrencies to complete their finals bearish legs to form bullish patterns and Monero (XMR) is also one of them. On 2 day chart the XMR has formed bullish Crab pattern, even though the price action has hit the spike in PRZ level and pulled back but I am expecting that due to this bearish trend it will give us another change to catch it from the potential reversal zone. Let’s dig this pattern deeper to check how perfect this pattern is formed: After initial leg (X to A) the A to B leg is retraced between 0.328 to 0.618 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 1.27 to 161.8 Fibonacci. Buying And Sell Targets: The buying and sell targets according to harmonic Crab pattern should be: Buy between: $29.819 to $11.431 Sell between: $44.060 to $78.554 So this trade has up to 587% big profit possibility. Stop Loss: The potential reversal zone area can be used as stop loss in case of complete candle stick closes below this level. Note: This idea is education purpose only and not intended to be investment advise, please seek a duly licensed professional and do you own research before any investment.
BITFINEX:XMRUSDLong
by moon333
XMR ANALYSIS: SHORT THE RELIEF RALLYXMR ANALYSIS: XMR setup looks very similar to many other major alts, and unfortunately the buy volume still isn’t there to keep the price afloat. XMR had a relief rally hitting over 40, but was then rejected again cutting below and making no temporary support along the way. I expect a slow push to the new resistance, followed by a rejection further down to major support. Wait until a confirmed rejection at/near $36 before opening shorts. Short targets are T1 at $30.60, T2 at $29.30, and T3 at $27.86. I believe XMR buy volume will really step in when XMR hits this low. It would also confirm a nice double bottom and produce a potential bullish divergence. Short Entries: $36-38
KRAKEN:XMRUSDShort
by altchicasignals