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Moneroanalysis

XMRUSD MONERO Long Bullish can go to 190 USDAccording to our current Monero price prediction, the value of Monero is predicted to drop by -2.32% and reach $ 164.17 by July 6, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 59 (Greed). Monero recorded 21/30 (70%) green days with 7.04% price volatility over the last 30 days. Based on our Monero forecast, it's now a good time to buy Monero. Based on data from July 01, 2023 at 20:43, the general Monero price prediction sentiment is bullish with 25 technical analysis indicators signaling bullish signals, and 8 signaling bearish signals. Technical Analysis Bullish 1 Monero makes 3 weeks Higher Lows and Higher Highs 2 Trend continuation Confirmation RSI See Circles 10 Nov 2022 9th March 2022 10th June 2022 3 RSI is above 50 4 Rsi confirmation is Bullish 5 Volume is increasing Bullish 6 We have rising POCs 7 Volume Value has been shifting higher 8 Monero is currently trading above the 200-day simple moving average (SMA). The 200-day SMA has been signaling BUY for the last 8 days, since Jun 23, 2023. The price of Monero is currently above the 50-day SMA and this indicator has been signaling BUY for the last 9 days, since Jun 22, 2023. The most recent Death Cross in the Bitcoin market happened 30 days ago, on Jun 01, 2023. Meanwhile, a Golden Cross last occurred on Jan 09, 2023, which was 173 days ago. Based on our technical indicators, Monero's 200-day SMA will rise in the next month and will hit $ 153.22 by Jul 31, 2023. Monero's short-term 50-Day SMA is estimated to hit $ 159.61 by Jul 31, 2023. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 74.32, which indicates that the XMR market is in a overbought position. The RSI indicator suggests that the price of XMR will increase. Monero reached its highest price on Jan 9, 2018 when it was trading at its all-time high of $ 593.42, while Monero's lowest price was recorded on Jan 14, 2015 when it was trading at its all-time low of $ 0.212967. The lowest price since it's ATH was $ 26.23 (cycle low). The highest XMR price since the last cycle low was $ 514.43 (cycle high). The Monero price prediction sentiment is currently bullish, while Fear & Greed Index is showing 59 (Greed). Monero's current circulating supply is 18.30M XMR out of max supply of 18.20M XMR. The current yearly supply inflation rate is 0.86% meaning 156,872 XMR were created in the last year. In terms of market cap, Monero is currently ranked #5 in the Proof-of-Work Coins sector, ranked #1 in the Privacy Coins sector and ranked #15 in the Layer 1 sector. Highlights Price has increased by 48% in the last 1 year Outperformed 79% of the top 100 crypto assets in 1 year Trading above the 200-day simple moving average 21 green days in the last 30 days (70%) Trading on Binance Trading with Euro Yearly inflation rate is 0.86% Monero price in US Dollar has increased by 13.08% in the last 1 month. XMR is up 10.29% against Ethereum and down -0.47% against Bitcoin in the last 1 month. The top-performing year for Monero was 2016 when the price of XMR increased by 2,830.22% from $ 0.470402 to $ 13.78. The worst performing year for Monero was 2018 when the price dropped by -86.72% from $ 349.16 to $ 46.38. The average yearly growth of Monero over the last 10 years is 595.55% per year. Usually, Monero performs best in Q3 with an average of 59.43% gain and worst in Q2 with 11.17% gain. Risk Analysis Outperformed by Bitcoin and Ethereum Down -72% from all-time high Has medium liquidity based on its market cap How is the price positioned in comparison to the all-time high? The price is currently down -72% from the all-time high. How is the price positioned in comparison to the cycle high/low? Monero is currently trading at -67.40% below cycle high and 539.17% above cycle low. Is the price highly volatile? The 30-day volatility is above 30% and is currently at null% Does it have enough liquidity based on market cap to volume ratio? Has medium liquidity with 0.0282 volume to market cap ratio. The current market cap is $ 3.07B while the 24-hour volume is $ 86.46M Is the total supply high in comparison with the circulating supply? Over 101% of the total supply is in circulation. Is the current inflation below 2% per year? The yearly inflation rate is 0.86% meaning there were 156,872 coins generated in the last 1 year. According to our current Monero price prediction, the value of Monero is predicted to drop by -2.32% and reach $ 164.17 by July 6, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 59 (Greed). Monero recorded 21/30 (70%) green days with 7.04% price volatility over the last 30 days. Based on our Monero forecast, it's now a good time to buy Monero. Comparing Monero against other important technological innovations and trends is one way of predicting where the Monero price could head over the long term. The table above shows what the Monero price would be by end of year 2024, 2025, and 2026 if its growth trajectory followed the growth of the internet, or large tech companies like Google and Facebook in their growth phase. In the best case scenario, XMR price prediction for year 2026 is $ 3,836.33 if it follows Facebook growth. In case Monero would follow Internet growth the prediction for 2026 would be $ 440.09. Monero Key Price Levels Based on today's classical pivot point (P1) with the value of $ 166.97, Monero has support levels of $ 164.34, $ 160.29, and the strongest at $ 157.66. Similarly, Monero resistance levels are at $ 171.02, $ 173.65, and $ 177.70.. Monero Correlation Over the past 7 days, Monero price was most positively correlated with the price of TRON (TRX), Stellar (XLM), Bitcoin Cash (BCH), Zcash (ZEC) and Bitcoin SV (BSV) and most negatively correlated with the price of XRP (XRP), OKB (OKB), Cardano (ADA), NEM (XEM) and Binance Coin (BNB). Monero price is positively correlated with the top 10 coins by marketcap with a value of 0.119, excluding Tether (USDT) and positively correlated with the top 100 coins by marketcap excluding all stablecoins with a value of 0.107. Currencies that are positively correlated with Monero indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Monero, a move in one direction for Monero would translate into a move in the opposite direction for the negatively correlated coin. Monero Price Forecast(Probability 69%) This is just a mathematical methode to trade my own accont, Okease note that it is for educational and informative issue, and you should use stops and proper risk and money mangemnt to protect your capital. Date Price Change Jul 2, 2023 $ 168.17 0.06% Jul 3, 2023 $ 169.11 0.62% Jul 4, 2023 $ 171.83 2.24% Jul 5, 2023 $ 170.25 1.30% Jul 6, 2023 $ 164.17 -2.32% Jul 7, 2023 $ 170.84 1.65% Jul 8, 2023 $ 166.89 -0.70% Jul 9, 2023 $ 165.08 -1.78% Jul 10, 2023 $ 151.52 -9.85% Jul 11, 2023 $ 158.89 -5.46% Jul 12, 2023 $ 157.76 -6.13% Jul 13, 2023 $ 160.38 -4.57% Jul 14, 2023 $ 155.57 -7.43% Jul 15, 2023 $ 151.87 -9.63% Jul 16, 2023 $ 156.14 -7.10% Jul 17, 2023 $ 155.08 -7.73% Jul 18, 2023 $ 155.62 -7.40% Jul 19, 2023 $ 157.16 -6.49% Jul 20, 2023 $ 156.53 -6.86% Jul 21, 2023 $ 164.10 -2.36% Jul 22, 2023 $ 165.61 -1.46% Jul 23, 2023 $ 169.10 0.62% Jul 24, 2023 $ 175.47 4.41% Jul 25, 2023 $ 176.17 4.83% Jul 26, 2023 $ 179.92 7.06% Jul 27, 2023 $ 185.74 10.52% Jul 28, 2023 $ 190.11 13.12% Jul 29, 2023 $ 183.07 8.93% Jul 30, 2023 $ 187.35 11.48% Jul 31, 2023 $ 187.86 11.78%
CAPITALCOM:XMRUSDLong
by DaveBrascoFX
#Monero Bulls Fail To Break $165, Sellers in ControlPast Performance of Monero Monero bulls are struggling at spot rates. Even with the broader market expanding, XMR remains pinned in a bear formation. Presently, resistance is at HKEX:165 , and the coin remains in a bearish shape defined by the bears of early February to mid-March 2023. As it is, support lies at the middle BB, that is, the 20-day moving average, and around $158. #Monero Technical Analysis The path of least resistance from a top-down preview is southwards. Notably, sellers throughout February to mid-March capped the upside. Resistance is at HKEX:165 , while support is $158. The middle BB also serves as a vital reaction line. However, the March 27 bear bar defines the current formation. Although prices floated higher, they couldn’t break HKEX:165 and reverse the losses of March 27. Therefore, conservative traders can watch how prices react at $150. Losses below this level may see XMR drop to HKEX:130 since sellers are in control from an effort versus result perspective. What to Expect from #XMR? Unless there is a sharp, high volume break above HKEX:165 , reversing March 27 losses, sellers will be in control. They will be aligning with sellers in February 2023. Currently, immediate support lines are at HKEX:158 and HKEX:150 , respectively. Resistance level to watch out for: HKEX:165 Support levels to watch out for: HKEX:158 , HKEX:150 Disclaimer: Opinions expressed are not investment advice. Do your research.
XShort
by Bitcoin_Analyzer
#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.
X
by Bitcoin_Analyzer
#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.
X
by Bitcoin_Analyzer
#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
#Monero Drops from Key Reaction Line, XMR May Retest $140Past Performance of Monero Monero might be up roughly four percent from last week's lows but has found resistance at the middle BB. The bear bar of March 7 reversed losses posted on Monday, slowing down bulls. Even so, the primary trend, reading from the performance from the end of January, is bearish. XMR has support at around $140. #Monero Technical Analysis Monero prices might be higher at spot rates, but the pump has relatively low trading volumes. Besides, the failure of buyers to push prices above the middle BB swings price action to the bearish territory. For over a month, XMR has failed to close above the middle BB, the immediate resistance, meaning sellers are in control. Even so, traders can wait to see how today's close will be. If XMR is lower, it may drop to primary support at around $140. Then, the odds of even more losses will be amplified, allowing traders to ramp up, targeting $125 and $115, respectively. What to Expect from #XMR? Traders are upbeat, but Monero bulls appear weak. Any surge above $155 might trigger demand, lifting the coin towards January highs in a buy trend continuation. As it is, traders can wait for a more precise definition with a move above or below the immediate reaction levels shaping upcoming price action. Resistance level to watch out for: $155 Support level to watch out for: $140 Disclaimer: Opinions expressed are not investment advice. Do your research.
XShort
by Bitcoin_Analyzer
#Monero Sellers in Charge as Upsides Capped at $170Past Performance of Monero The uptrend might be clear, but Monero bulls are struggling. Prices are higher in the short term, but the trend is bearish relative to January highs. In the short term, XMR is within the February 9 bear candlestick, which is bearish from an effort versus result perspective. Presently, the resistance is at around $170. #Monero Technical Analysis Monero prices are bullish from a top-down preview. Even so, the failure of bulls to clear $170 and rewind losses of February 9 is a concern. For over 11 days, XMR has been moving inside the bear bar, placing sellers in control. Besides the low volumes, the past few bars have been with long upper wicks suggesting rejection of higher prices. Therefore, considering this formation, traders can wait for a clear trend above $170 or below February lows at $150 before committing. The breakout should also be with rising volumes to indicate participation. Gains above $170 may lift XMR towards $185. What to Expect from #XMR? Buyers are upbeat, but the short-term trend swings to favor sellers. Resistance is at $170, and the middle BB. On the lower end, support lies at $150. If lost, XMR may dump towards $140 or worse. Resistance level to watch out for: $170 Support level to watch out for: $140 Disclaimer: Opinions expressed are not investment advice. Do your research.
XShort
by Bitcoin_Analyzer
#Monero Slips 20% From January highs, XMR Bears Target $140Past Performance of Monero After encouraging gains from November 2022, Monero is retracing, finding resistance at around the $170 to $190 zone. It is currently down roughly 20 percent from recent highs. As it is, every high is an unloading opportunity for aggressive traders expecting deeper corrections. Because the drawdown is with rising volume, indicating participation, traders can ride the bear trend with targets at immediate support levels. #Monero Technical Analysis From a top-down preview, buyers have a chance to resume the uptrend. However, the failure of bulls to press higher and overcome resistance at $190 hinted at weakness. The follow-through of the bear candlestick of January 30 swung price action to favor sellers. With prices below the middle BB and yesterday's bar being wide-ranging and bearish, XMR may post more losses. As it is, XMR could drop to as low as $140, the 61.8 percent Fibonacci retracement level of the December to February trade range. What to Expect from #XMR? Bears are in the driving seat unless there is a bullish bar signaling bulls. Yesterday's bar was bearish and aligned with the lower BB indicating strong bearish pressure. Traders may look to sell, targeting $140 or lower in the days ahead. Resistance level to watch out for: $170 Support level to watch out for: $140 Disclaimer: Opinions expressed are not investment advice. Do your research.
XShort
by Bitcoin_Analyzer
#Monero Adds 50%, Will The $170 Support Hold?Past Performance of Monero Monero is trading above August 2022 highs as momentum fades. The uptrend remains valid, and XMR is up over 50 percent from November lows. As long as XMR trades above $170, buyers remain in control and may push prices toward $200 or better in sessions ahead. #Monero Technical Analysis XMR is within a bullish breakout formation, reading from the arrangement in the daily chart. For the uptrend to be sustained, XMR bulls must keep prices above $170. Otherwise, any loss below the August 2022 high may invalidate the bullish breakout of mid-January. Ideally, conservative, risk-off traders may wait for XMR prices to push above $185 in the short term, breaking out from the current $15 consolidation. Then, they can double down, especially if the accompanying volumes are high, targeting $200. What to Expect from #XMR? Bulls are confident but should $170 fail to hold, Monero may correct, possibly dropping to $150. This level marks the 50 percent Fibonacci retracement level of the November to January 2023 trade range. Resistance level to watch out for: $185 Support level to watch out for: $170 Disclaimer: Opinions expressed are not investment advice. Do your research.
XLong
by Bitcoin_Analyzer
#Monero soars 40% in 2 Months, XMR May Reclaim $170Past Performance of Monero The march higher has been impressive for Monero. At spot rates, XMR buyers have reversed losses of early November and look to spring to above Q4 2022 highs. XMR is now up 40 percent in two months as the coin aims to shake off bears of the better of 2022. #Monero Technical Analysis Monero was overly bullish in H2 2022. Based on the development in the daily chart, the coin found support from the 78.6 percent Fibonacci retracement level of the H2 2022 trade range. The recovery from November lows is a positive move. As XMR tracks higher, aligning with the upper BB, traders can look to double down on dips above $150. This line flashes with December highs, and the current formation, a bullish breakout. The immediate target will be the H2 2022 high at $170. What to Expect from #XMR? XMR is solid, outperforming the USD. After initial scares of early November, Monero buyers are soaking in all bearish pressures and galloping higher. At this pace, XMR may retest H2 2022 highs if the coin is above $150 or December 2022 highs. Resistance level to watch out for: $170 Support level to watch out for: $150 Disclaimer: Opinions expressed are not investment advice. Do your research.
XLong
by Bitcoin_Analyzer
1
#Monero Roars 30% from November Lows, XMR Bullish above $140Past Performance of Monero The Monero climb to spot rates is encouraging. From the daily chart, XMR is up roughly 30 percent from November lows. The good news is that the losses of early November have almost been reversed. Therefore, although trading volumes are light and traders are hoping for even more gains, sellers are in a commanding position from a top-down analysis. #Monero Technical Analysis There are higher highs visible from the XMR price action in the daily chart. With a 30 percent spike from November floors and bulls redoubling their efforts to stem losses, there is more room for more gains. Even though XMR is bearish from volume analysis, traders' resilience is worth mentioning. Ideally, XMR must close above $160 for the new trend definition. Even so, at spot rates, XMR is solid as long as prices are above $140. Therefore, aggressive traders can be loading the dips, targeting $160. Meanwhile, with rising volumes, any spike above $160 could allow conservative traders to buy the dips in a breakout formation, setting their eyes at $175 or Q3 2022 highs. What to Expect from #XMR? Candlestick arrangement favors bears. Nonetheless, the rejection of lower lows over the past month qualifies buyers. As aforementioned, there is more room for gains if XMR holds above $140. Resistance level to watch out for: $160 Support level to watch out for: $140 Disclaimer: Opinions expressed are not investment advice. Do your research.
XShort
by Bitcoin_Analyzer
1
#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.
XShort
by Bitcoin_Analyzer
2
#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.
XLong
by Bitcoin_Analyzer
#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.
XLong
by Bitcoin_Analyzer
1
#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.
XShort
by Bitcoin_Analyzer
XMRUSDT 3D How much can Monero anonymity cost?Today, on the global chart, we will consider the XMRUSDT price movement Monero is an old crypto coin. It is popular because it is "the last of the Mohicans", which preserves the anonymity of the owner. Quite often moves on an individual route despite the trajectory of the BTCUSDT price. During the fall of the crypto market in June 2022, the XMRUSD price was held by a powerful mirror level in the area of ​​$96. XMR price is currently trying to establish itself at the top half of the descending trend channel that has been stretching since May 2021 If the price is firmly anchored at the top half of the channel, as well as a little positive in the crypto market, everything is set for continued growth. We expect that with such a schedule, the XMRUSDT price may rise to $330 at this year. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
23
#Monero Breaks From a $20 Range, XMR Bears Target $130Past Performance of Monero Monero prices are free falling when writing, crashing from below $155 and the middle BB. Based on the candlestick arrangement in the daily chart, the path of least resistance, at least in the short term, is bearish. It is a formation following strong gains from mid-June 2022 that saw XMR prices surge by roughly 80 percent. #Monero Technical Analysis XMR prices broke from the $20 range between $175 and $155, respectively. The breakdown of earlier today follows the formation of lower lows relative to the upper BB, suggesting weakness. Therefore, with Monero prices crumbling, dropping nine percent in the last trading day alone in a bear breakout formation below the dynamic support level and $155, every low may present more liquidation opportunities for traders to target key support levels. As it is, any confirmation of today’s breakout may see XMR drop to $130 or $110, the 78.6 percent Fibonacci retracement level of the June to August 2022 trade range. What to Expect from #XMR? The cool-off in the broader crypto market is slowing down Monero. After impressive gains from mid-June through to mid-August, XMR prices are retracing. Resistance level to watch out for: $155 Support level to watch out for: $130 Disclaimer: Opinions expressed are not investment advice. Do your research.
XShort
by Bitcoin_Analyzer
#Monero is up 68% in 2 Months, XMR Resistance at $170Past Performance of Monero Monero has been on an uptrend after bottoming in mid-June 2022. At the time of writing, XMR is up 68 percent from 2022 lows, and buyers have the upper hand. Even so, the stagnation of the past week is a concern for optimistic bulls. This is considering that prices failed to close above the May 2022 highs of around $215. Still, how prices react in the short to medium term depends on whether prices will print above $170 in the coming trading sessions. #Monero Technical Analysis From the daily chart, XMR has resistance at $170 and is within a rising channel. On the reverse side, primary support is marked by the 20-day moving average flexible line. While the uptrend is clear, there are concerns about lower lows versus the upper BB pointing to weakness. Although buyers can load the dips as long as prices are above $150 or August 1 lows, clear loading points are above $170. A close above this liquidation level, confirming gains on August 7, could propel Monero to $215 in a bull continuation formation. Conversely, deep breaks below the middle BB and $150 may trigger a sell-off, forcing XMR towards $130. What to Expect from #XMR? Buyers have the upper hand at spot rates. Still, there are hints of weakness following the retracement from last week's highs. On the bright side, buyers have the upper hand if prices are sustained above the middle BB and $150. Resistance level to watch out for: $170 Support level to watch out for: $150 Disclaimer: Opinions expressed are not investment advice. Do your research.
XLong
by Bitcoin_Analyzer
#Monero Surges 60% from 2022 Lows, XMR Prices May Retest $180Past Performance of Monero Monero prices are rising with the tide, adding approximately 60 percent from 2022 lows. At spot rates, buyers are in control, and prices are ticking higher in a bullish continuation pattern. Notably, from the daily chart, XMR is up 12 percent in the past trading week after breaking above $130 and May 2022 lows. #Monero Technical Analysis As per the formation in the daily chart, XMR bulls are in control. Following the break above $135 last weekend, the follow-through on July 18 was with rising trading volumes pointing to confidence. As XMR prices edge higher and XMR bars ride the upper BB, every low could provide traders with an opportunity to double down, with the first target being $185, a key reaction point in H2 2022. This preview is valid only if prices hold above $130 and the dynamic support level, the middle BB. What to Expect from #XMR? Monero bulls are edging higher, riding the rising crypto tide favoring bulls. In the daily chart, XMR is above $130, a former resistance level, now support. Monero could soar to retest May 2022 highs if the upside momentum is sustained. Resistance level to watch out for: $185 Support level to watch out for: $130 Disclaimer: Opinions expressed are not investment advice. Do your research.
XLong
by Bitcoin_Analyzer
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