#Monero Rally 15%, XMR Liquidation Level at $140Past Performance of Monero
Monero plunged 32 percent from H2 2022 highs. However, losses were temporary as prices bounced to spot rates, looking at the performance in the daily chart. Technically, buyers have a chance from a top-down analysis. Notably, XMR has support at around $115, coinciding with the 78.6 percent Fibonacci retracement level of the H2 2022 range.
#Monero Technical Analysis
Monero is within a bear breakout formation. Currently, XMR is within the November 9 bear candlestick but is relatively higher, gaining 15 percent from last week's lows. Aggressive traders may aim to fade the trend as long as prices are above $115. Ideal entries for buyers to double down would be available once buyers push above $140, preferably with rising volumes. If not, conservative traders would look for shorts once prices drop below $115 and the current bear flag with equally high volumes, confirming losses of November 9. In that case, XMR may shrink to $100.
What to Expect from #XMR?
The coin is weighed by fundamental factors. Therefore, recovery is subject to the overall market conditions. Any surge above $140 nullifies the present preview, allowing bulls to blossom to H2 2022 highs.
Resistance level to watch out for: $140
Support level to watch out for: $115
Disclaimer: Opinions expressed are not investment advice. Do your research.
Monero
Monero Outperforms BitcoinMonero/Bitcoin BITFINEX:XMRBTC made a new high for the year. Over the last year's bear market Monero has outperformed Bitcoin by almost 100%.
Monero is proving itself to be a greater "store of value" during this cycle than the past champion of Bitcoin. Monero is a cryptocurrency that has been around since 2014 and is based on "privacy by default." It is my thesis that increasingly more actual transactions are being done online using Monero due to its privacy advantage and lower fees than Bitcoin.
Monero XMR price is preparing for long-term growthMonero is an old-school bastion of anonymity in the crypto world that has survived and is in demand. Because its "friends in the shop" from the first generation of altcoins DASH and ZEC are hopelessly depreciating, although they were once much more popular and expensive than XMR
Sooner or later, the cryptocurrency market will be regulated, and for holders of the XMR coin, its presence will be like a breath of fresh and anonymous air of the "truth cryptan")
If we look at the global price chart of XMRUSDT on the weekly timeframe, we will see that the price has been consolidating in the form of a triangle for more than 5 years since 2017.
Now the price has hit the lower boundary.
Also, the price of XMRUSD has not updated the June 2022 low, while the price of BTC and many other altcoins have recently updated their 2022 lows.
Summing up, we believe that keeping at least 1 XMR in your long-term investment portfolio is a matter of honor and devotion to the creators of the anonymous crypto world.
Sooner or later, the time will come when you can sell your Monero for $4000+ .
_____________________
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Hope Is Kindled: Bitcoin Going into the WeekendFor the first time in many months the price of Bitcoin COINBASE:BTCUSD has pushed a closing bar outside of the Daily Ichimoku Cloud.
Using the Daily Ichimoku Cloud indicator on the traditional setting (9, 26, 52, 26) has been an accurate tool in defining the trend of Bitcoin going back over a decade. I even did a study proving that the performance of using this strategy outperforms even HODLing the whole time.
The next key indicator to consider Bitcoin properly in a bullish trend is for Momentum (aka Lagging Span, Chikou) to close outside of the Ichimoku Cloud. The price for this to happen in the near term is around 21900. Watch this weekend and into next week for the move to continue. In the meantime... the other major cryptocurrencies to watch are doing similar patterns:
Ethereum: COINBASE:ETHUSD
Much like Bitcoin price has closed outside the Ichimoku cloud but Momentum still lags. Ethereum becomes full on bullish with time and/or capturing 1700.
Monero: BITFINEX:XMRUSD
Interestingly Monero is demonstrating MORE bullishness. Monero according to the Ichimoku strategy rules is already full bullish trending outside of the cloud.
#Monero Edges Higher above $152 in a Buy Trend Continuation FormPast Performance of Monero
Monero prices might have broken off a long-term, six-month trend line, but the uptrend needs to be more convincing. A notable development in the daily chart is the failure of buyers to build on gains of late October. There was a 2-bar formation signaling weakness following the printing of the bear engulfing bar of October 2. However, the expansion of early today is injecting momentum, driving prices higher.
#Monero Technical Analysis
Monero is within a bullish formation. However, recent trading volumes have been lighter, and there was a bearish engulfing bar with relatively high trading volumes hinting at weak bulls. Therefore, based on this formation, traders may search for unloading opportunities, especially if today's prices end lower, below the middle BB and $145. In that case, XMR may likely crash to $134 in line with the September 13 bearish engulfing bar. On a more positive outlook, the bullish breakout will be valid, and not a trap, if XMR reverses mid-this week losses, forcing prices above $152 and this week's high. In that likelihood, Monero may float to September highs at $165 in a buy trend continuation formation.
What to Expect from #XMR?
XMR is in a bullish formation. However, it can be a bull trap if prices retrace from spot rates to below the middle BB and $140, aligning with losses of November 2. Any surge above this week's highs would relieve buyers, injecting momentum and forcing XMR to new Q4 2022 highs.
Resistance level to watch out for: $152
Support level to watch out for: $145
Disclaimer: Opinions expressed are not investment advice. Do your research.
Mean Reversion Play for Summer 2022 Be careful700-750 target
it probably rallies some this summer, but don't get fooled into Diamond Handing the Mean reversion. it will rug you again in the late summer or fall
“The meeting of two personalities is like the contact of two chemical substances: if there is any reaction, both are transformed.” ...
“Everything that irritates us about others can lead us to an understanding of ourselves.” ...
“Your visions will become clear only when you can look into your own heart.
PIVX Inverse Head & Shoulders Measured Move At Least $1.50PIVX formed almost a perfect inverse head and shoulders on the BI Weekly chart. Price action has closed above the neckline. A measured move of at least $1.50 is coming with a possible move up to previous highs to follow. PIVX is being accumulated, and the buy orders have been increasing exponentially on the exchanges. Something is in the works for PIVX and its being accumulated under everyone's nose. PIVX total supply is not very high so get your hands on some before it hits double digits. I think PIVX time to shine is coming. This is not trading or financial advice this is just my opinion. Thank you.
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (144.8).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XMRUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 148.8
TP2= @ 153.3
TP3= @ 157.1
TP4= @ 161.3
TP5= @ 164.0
SL= Break below S2
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💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (144.8).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XMRUSDT is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 148.8
TP2= @ 153.3
TP3= @ 157.1
TP4= @ 161.3
TP5= @ 164.0
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 / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
#Monero up 47% from 2022 Lows, Primary Support at $135Past Performance of Monero
At spot rates, Monero prices flow in favor of sellers. The coin has more than halved from April highs, reading from the XMRUSDT price performance in the daily chart. Albeit expectation of XMR turning the corner in the sessions ahead, traders may liquidate on pullbacks below $155, or last week's highs, targeting immediate support levels marking September 2022 lows.
#Monero Technical Analysis
The daily chart shows Monero is bearish, and prices are in a descending channel. On the upper end, there are two critical resistance lines at $155 and $165 that buyers must break for the trend to shift. On the lower end, Monero has support at $135, flashing with September 2022 lows and the 50 percent Fibonacci retracement level of the June to August 2022 range. Considering the many points this support line flashes with, XMR prices must trend above it. If not, it may signal weakness, and bears can trade with the emerging trend in a bear breakout, targeting $110 in the medium term.
What to Expect from #XMR?
Monero is up 47 percent from June 2022 lows but is currently unable to contain bears, evident in the daily chart. For the uptrend to be sustained, XMR must hold above September 2022 lows—or, in the immediate term, reverse and surge above $155. In both cases, the first target will be $165 and August 2022 highs.
Resistance level to watch out for: $155
Support level to watch out for: $135
Disclaimer: Opinions expressed are not investment advice. Do your research.
Monero (XMR) above other cryptosI believe that Monero will see a strong appreciation due to its focus on privacy.
Lately, the governments of certain countries are hunting the basic freedoms of their citizens...
After breaking through a wedge and a resistance line, the price did not fall below the 0.214 retracement:
Another point to note is the dominance over other crypto assets.
And on the XMR/BTC chart we had important supports tested and not broken, and at first the price has a bullish bias.
That's why I have a bullish bias for this asset.
XMR moneroEverything everywhere is still set up to go down, fibonacci relations from previous months are still valid turn around levels, It all depends on wave principle guidelines and where they finally complete.
WXY chart labeling can always X-Z in formation, an potentially infinitely expanding interval of waves. WXYXZ as a complete structure can form an X wave followed by a Z wave
These placements are in line with Fibonacci time sequencing and Fib leveling based on measurements of previously completed waves
XMR good chart and nice for profitableMonero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.
The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are.
Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship.
Buy setup
Entry : 119 - 143
SL : 102.1
TP1: 147
TP2: 151
TP3: 156
TP4: 162
TP5: 170
TP6: 180
TP7: 195
TP8: 215
TP9: 235
TP10:265
TP11: 290
TP12: 320
TP13: 355
TP14: 390
TP15: 430
TP16: 470
TP17: 500
Spot or Future (1x, 2x, or 3x)
Run and keep it enjoy!
Follow me! Copy my trade!
TradeSetup_Reza
XMR: TIME UPDATEXMR shows for day trade structure volume what could get XMR to high price actions.
We will see how this will play out for the daytime frame.
This is not trading advice.
XrmusdtShort
E1 150
E2 147.8
Tp free
Up: 151
Down 128
Amount: min
Order difference : 0.25%
Order sell: 0.5%
Tp : 1% wallet save profit
Save 1% profit every time and keep a small amount until the last target
Open only with bot can
XMR USDT one last pullbacki will enter an order for a short position on XMR at 158.5$ (current price 157.30$)
STOP LOS S if 4h candle closes above 160$ which is a 0.8% loss
the risk of 0.8% is minimal,so i will use 3x.max loss 2.4%
TAKE PROFIT will be 151.5$ which is 4.4% and 13.2% with leverage.
i believe that in the next couple of days some manipulation at the price of ptc will come and see 19150$ which
means that overextended alts will dip too.
if the order is not executed and the situation changes,i will update the idea here.
FOLLOW FOR MORE!
What is the BEST performing cryptocurrency of this Bear Market?I am sure that someone could point out some obscure POOPCOIN with a price of 0.00000000000001337 that has had some meteoric rise recently but among the BLUE CHIP cryptocurrencies that are well established, well capitalized, and have proven use cases Monero BITFINEX:XMRUSD continues to outperform both Bitcoin BITFINEX:XMRBTC and Ethereum BINANCE:XMRETH for 2022. I have been talking about this for months trying to let people know.
The contrarian in me loves the fact that everyone is being willfully ignorant of this apparent sleeper.
#Monero Flatlining and Bearish, will Bulls hold above $140?Past Performance of Monero
XMR is stable in the past 24 hours and week of trading. The Monero candlestick arrangement in the daily chart points to fizzling downside momentum and resilience of buyers, a net positive for bulls. Nonetheless, despite the horizontal movement of prices since August 19, the coin is within a bear breakout formation, and the probability of prices swinging back to bearish remains high.
#Monero Technical Analysis
From the daily chart, Monero prices are stable and buyers firm. However, prices are within the August 19 bear candlestick, reaffirming the presence of sellers from an effort versus result perspective. Therefore, in the immediate term, and since prices are in range mode within a $20 zone with caps at $140 and $160, traders may search for liquidating opportunities below August 19 highs at $160. On a safer approach, traders can wait for a clean break below $140 to trade with the trend in affirming losses of August 19 with targets at $125, the 61.8 percent Fibonacci retracement level of the June to August 2022 trade range. Any expansion above $160 with rising participation levels will cancel this bearish preview, allowing another alignment in price action towards $200.
What to Expect from #XMR?
Monero is down roughly 10 percent from August 2022 highs and within a $20 range. Bears remain in charge, and any dip below $140 will confirm losses of August 19 in a bear breakout formation.
Resistance level to watch out for: $160
Support level to watch out for: $140
Disclaimer: Opinions expressed are not investment advice. Do your research.