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Monero

#Monero Adds 20% In March But Fails To Break $165Past Performance of Monero Monero prices are firm, adding roughly 20% from March 2023 lows. At spot rates, prices are lower but tracking higher even though it is defined by the bear bar of March 27. On the upside, XMR has resistance at $165 while support lies at $150, marking the bearish engulfing bar's low. #Monero Technical Analysis From an effort versus result perspective, the wide-ranging bearish engulfing bar of March 27 might be important. For the uptrend to resume, there must be a close above $165, confirming buyers for the better part of March. Notice that the anchor bar has relatively high trading volumes and is wide-ranging. It is still defining the current price action. Worse, for buyers, recent volumes have been shrinking. As it is, as prices move inside a wedge, triggers will lie at $165 and $150, respectively. Gains above March highs might see the coin soar to January highs of $185 in a buy trend continuation formation. What to Expect from #XMR? XMR traders expect a recovery. However, their calls are being slowed by prices which are moving sideways inside a bear bar. Monero bulls could be rejuvenated once there are strong gains above the current wedge inside an engulfing candlestick. Resistance level to watch out for: $165 Support level to watch out for: $150 Disclaimer: Opinions expressed are not investment advice. Do your research.
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by Bitcoin_Analyzer
Monero Price Analysis, Neutral Market with a Bearish BiasMonero (XMR) is currently trading at $0.07655 with a 4-hour timeframe. The Relative Strength Index (RSI) is at 47, which indicates a neutral market sentiment. The volume oscillator is at -32.5%, indicating a bearish sentiment. The Moving Average Convergence Divergence (MACD) is at -0.3, which is slightly bearish. The Stochastic oscillator is at 31.5, which suggests a slight bullish momentum. The Fibonacci levels for the 4-hour timeframe are at 0, 0.5, and 1, which are at 154.4, 158.8, and 163.2, respectively. The upper Bollinger band is at 160.9, while the lower Bollinger band is at 154.5, and the middle Bollinger band is at 157.7. The 4-hour Exponential Moving Average (EMA) 50 is at 157.1. In the recent news article, it is mentioned that Monero (XMR) is facing an obstacle in terms of price stagnation. The article suggests that a breakout is imminent, and it is only a matter of time before the price crosses the obstacle. Based on the technical analysis, Monero is currently trading in neutral market sentiment with a slight bearish bias. The price is currently hovering near the middle Bollinger band, which is a neutral zone. The Fibonacci retracement levels suggest that the next resistance levels are 158.8 and 163.2, respectively. The MACD is slightly bearish, indicating that there is some selling pressure in the market. The Stochastic oscillator is at 31.5, which suggests that there is some bullish momentum. The RSI is at 47, which is a neutral zone. Overall, Monero's price is likely to be influenced by market sentiment and external factors such as regulatory developments. If the price manages to break above the Fibonacci retracement level of 158.8, it may signal a bullish trend. However, if it breaks below the lower Bollinger band of 154.5, it may signal a bearish trend. Good luck!
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by MonoCoinSignal
5
XMRUSDT I TOLD YOU SO AFTER 2023...Lets play the game I told you so... It is too early to celebrate. I hope everyone was here when everything started so you can agree with me how I read charts. This is not easy ride but I see lows and even further lows from here, I have XMR 50% of it is sold and I have the other as held on tight. I just want to double my holdings on this. I know XMR will be the core foundation of Crypto and who fought a good fight... XMR is used for darkweb transactions after Bitcoin got some light and all knew that we can still trace Bitcoin and who and where it went. XMR solves and solved that. Hope we know what are the OGs and this is one of those few OG and 1% that really is not a scam and works in crypto.
Short
by osodatsismoso
#Monero Crashes After Spinning Tops Formation, Resistance At $16Past Performance of Monero Monero is under pressure, dropping five percent in the last trading day. From the daily chart, XMR is reacting strongly from last week’s highs at around $165. After a spinning tops formation, the coin retraced yesterday, printing a bearish engulfing pattern, signaling weakness. Based on this, there could be a confirmation today, heaping more pressure on the coin. #Monero Technical Analysis After a spinning tops formation, XMR is down at spot rates. It looks likely for bears to flow back, pushing the coin deeper in red. Therefore, since yesterday’s bar was bearish and engulfing, traders might look for entries on every attempt higher towards $165. The immediate target would be $145 and later March lows at $130 if bears press on. On a more optimistic outlook, the trend will resume should prices break above $165, reversing recent losses with expanding participation levels. In that case, XMR may float to January highs at around $180. Past Performance of #XMR Asset prices are under pressure across the board, and XMR is no exception. From the daily chart, buyers will flow back if there is a breakout above the spinning tops of the end of last week with rising volumes. If not, bears of yesterday may force the coin lower this week. Resistance level to watch out for: $165 Support level to watch out for: $145 Disclaimer: Opinions expressed are not investment advice. Do your research.
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by Bitcoin_Analyzer
✳️ The Monero/Bitcoin Inverse Relation Signal (Fail Trade)✳️ The Monero/Bitcoin Inverse Relation Signal (Fail Trade) Monero has been moving inverse to Bitcoin, the XMRBTC pair. ✔️ From 11-Jan. '23 to 21-Mar. '23 XMRBTC had a strong correction. ✔️ From 11-Jan. '23 to 21-Mar. '23 BTCUSD produced a strong impulse. ✔️ Now XRMBTC prepares to move up. ✔️ Now BTCUSD prepares to move down. ✔️ Monero was undergoing a correction; ✔️ Bitcoin will undergo a correction. That's the inverse relation. We are likely to see XMRBTC do an upward ABC and then above 5-down wave. And thus we are likely to see Bitcoin do an ABC down then the final fifth up-wave of a higher degree or a 5-up wave of the same degree we are looking at here. I'll confess... I called my XMRBTC spot trade too early but nothing a short wait can't fix. Note: The timing might be a bit off and the exact targets, the wave count is only for reference and illustration. In a nutshell: XMRBTC is undergoing a Zig-zag correction and is now entering the B wave (5-3-5 | A-B-C). Namaste.
by MasterAnanda
3
XMR: Channel Down Breakout!Monero (XMR) technical analysis: Trade setup : Bullish breakout from Channel Down pattern as well as above 200-day moving average and $150 resistance could be a sign of trend reversal with upside potential to $160 or higher. Trend : Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis. Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $140, then $120. The nearest Resistance Zone is $150, then $160, and $190.
XLong
by altFINS
#Monero Upsides Limited By The 20-day MA and $155Past Performance of Monero Like Bitcoin, the selloff in Monero was steep. However, the coin is higher at spot rates but capped below the dynamic resistance line, the middle BB. From the XMR candlestick arrangement, the primary support is at $130, which is the 78.6% Fibonacci retracement level. #Monero Technical Analysis The path of least resistance, at least in the short term, is bearish. Even so, with XMR up roughly 6% over the weekend, the trend could quickly shift. Notice that prices are rebounding from a critical support level. If there is confirmation today and prices edge higher, building on March 12 gains, XMR may spring towards $155 and later $170. This preview is only valid as long as there are rising trading volumes accompanying the leg up. Meanwhile, any drop below $130 at the back of relatively high trading volumes will invalidate the bullish preview, setting the base for a selloff towards $120. What to Expect From #XMR? Technically, Monero is bullish. But, how prices react in the short term depends on whether XMR stays above $130. If there is a breakout above $155 and the middle BB, there might be a reprieve, forcing the coin toward Q1 2023 highs. Resistance level to watch out for: $155 Support level to watch out for: $130 Disclaimer: Opinions expressed are not investment advice. Do your research.
XLong
by Bitcoin_Analyzer