Monero is showing an absolutely incredible pattern in the chartsMonero (XMR) is showing an absolutely incredible pattern on the weekly and daily charts. Monero is one of the very few truly decentralized and anonymous blockchain cryptocurrencies on Earth, which is why the powers-that-be are working to make it harder and harder to obtain. This is why it was dropped from the criminal/fraudulent Ponzi scheme known as Binance recently.
I see good things coming for those who hold this crypto in terms of usage.
Good luck, and always use a stop-loss
Monerobtc
MONERO (XMR) showing a MASSIVE bullish divergence on the 1hr.MONERO is showing one of the largest bullish divergence gaps I've seen in a long, long time, after dropping about 40% in a day. This was obviously a coordinated attack to manipulate the price of XMR, as it is hated by the power's that be, because it can not be tracked, traced or controlled by their corrupt ring of criminal governments. Their pathetic attempt is now backfiring, as all they did was give XMR investor's the opportunity of a lifetime to buy even more XMR at the best discounted price they've probably seen in years.
If you trade this, trade with caution, as they could do it again.
Good luck and always use a stop loss.
"Monero Roars: Bull Run Signals Potential Multi-Year Rally!"Monero (XMR): Chart Analysis Indicates Multi-Year Bull Cycle Amid Privacy Focus
Monero (XMR), a leading privacy-focused cryptocurrency, is captivating the attention of traders and investors not only for its unique attributes but also for the compelling price setup that suggests a potential multi-year bull cycle ahead.
Privacy at Its Core:
Monero isn't just another cryptocurrency; it's a digital asset engineered for privacy and anonymity. Utilizing cutting-edge cryptographic techniques such as ring signatures, stealth addresses, and confidential transactions, Monero ensures that users' financial activities remain shielded from prying eyes. In an age of increasing surveillance and censorship, Monero stands as a beacon of financial sovereignty, offering individuals the ability to transact freely and privately, without fear of surveillance or censorship.
Community-Driven Development:
Monero's development is steered by a passionate and decentralized community committed to advancing the principles of privacy, security, and decentralization. Unlike many cryptocurrencies, Monero has no pre-mine or founder's reward, ensuring a fair and equitable distribution of coins from the outset. This grassroots approach to development fosters innovation and ensures that Monero remains true to its core principles.
The Price Setup:
Against the backdrop of Monero's privacy features and community-driven ethos, its price chart reveals a compelling setup that hints at a potential multi-year bull cycle. Technical analysts have identified what appears to be a six-year cup and handle pattern—a bullish formation that typically precedes prolonged periods of price appreciation. The cup formation, which began around 2018, showcases a gradual accumulation phase followed by a consolidation period characterized by relatively stable price action. In recent months, Monero has shown signs of breaking out from the handle formation, with price movements suggesting a potential upward trend continuation.
Implications for Investors:
For investors seeking exposure to a cryptocurrency with strong fundamentals and growth potential, Monero presents an enticing opportunity. If the cup and handle pattern indeed materializes into a multi-year bull cycle, investors could stand to benefit from significant gains over the long term. However, it's essential to approach investment decisions with caution and conduct thorough research, considering factors such as market volatility, regulatory developments, and macroeconomic trends.
Conclusion:
In conclusion, Monero embodies the principles of privacy, security, and decentralization in the digital asset space. As its price chart suggests the potential for a multi-year bull cycle, investors are presented with an opportunity to participate in the growth of a cryptocurrency that prioritizes privacy and financial sovereignty. While the outcome remains uncertain, Monero's fundamentals and technical setup offer compelling reasons to believe in its long-term potential.
Moneo(XRM) Nothern Journey beginsMonero bulls defended $152 support- Is $168.8 achievable
Strategy Bullish
Profit Target 168-172
If Break above 179USD and 3days closing successfull above 179 The strategy turns to Tend Strategy Bullish
Risk Management: Proper trailing stop
XMR dropped to its previous parallel channel’s mid-level of $152 after BTC retreated to $26K on 28 March. The $152 level also coincided with the Fixed Range Volume Profile’s POC (point of control) line, which attracted increased trading volume.
The recovery blasted above the local resistance at $157.6. Bulls could push XMR to $168.8 if they clear the obstacle at $165. A strong BTC upswing into FWB:29K could tip XMR to target other key resistance levels, including $179 and $187.
A close below $157.6 could attract bears into the market. However, bears must clear the $152 hurdle to gain market leverage to sink XMR to $145 or $135.
The Relative Strength Index (RSI) dropped but rebounded and was above the 50 mark at press time, showing increased buying pressure in the past few days.
Similarly, the On Balance Volume (OBV) exhibited an uptick, showing XMR saw increased trading volumes as demand soared in the past few days.
Monero registered mixed performance in Q1, 2023. It appreciated by 40%, rising from $148 to $187 in January. In February, it consolidated before sustaining a price dump in mid-March, sinking it to $135. But XMR saw aggressive demand at the $135 level, setting it up for recovery.
Bitcoin zoomed to the FWB:29K level before retreating to $28K – indicating a bullish sentiment despite the increased U.S. regulatory pressure on the crypto industry.
If BTC reclaims the FWB:29K and surges upwards, XMR could attempt to retest or break above a crucial stiff resistance level.
In addition, XMR saw more liquidation of short positions than long positions. About $45.5K in short positions were liquidated in the past 24 hours, while only $3.7K in long positions were wrecked in the same period.
It shows short-positions were paying long-positions – an underlying bullish sentiment that could boost the uptrend.
But investors should track BTC’s price action to determine whether XMR could overcome the obstacle at $165.
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%
Monero coin (XMR) formed bullish Shark for upto 32.50 moveHi dear friends, hope you are well and welcome to the new trade setup of Monero coin (XMR) with BTC pair.
Our last successful trade of XMR was as below:
Now on a weekly time frame, XMR has formed a bullish Shark move.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
XMR - Monero / BTC Buy The Dip - Part 2I forgot to move the Fib retracement.
There is correspondence between the MA3 147 Day MA and 78% Fib retracement @ 0.006412
Lets see if it hits and bounces???
Peace and love and spicey rum.
Happy Sailing Privacy Pirates.
F.Society, F.Banksters, F.Politicians
Best regards,
Snake Plissken
XMR - Monero / BTC Get ready to buy the dipGet ready to buy the dip
My buy zones are between 0.0064 and 0.0078. I'm looking for a green Ichimoku Cloud swinging chop before momentum builds again for the next rip.
XMR had a nice rip up to over 0.009548! Who'd a thunk it!
But the next target is 0.01.
The importance of privacy is catching on. And XMR is the OG in this space in terms of privacy. It has gone the distance. Is great tech, great dev community. Built on solid foundations.
No taxes for the state!
Peace and love and spicey rum.
Happy Sailing Privacy Pirates.
F.Society, F.Banksters, F.Politicians
Best regards,
Snake Plissken
privacy matters, and the market agrees. Monero has been in a 9-month+ up-trend against Bitcoin.
People are starting to realize L2 solutions are fundamentally flawed, and using Bitcoin is like shitting in a glass bathroom.
If we can close above the 200W SMA, expect to see some serious shit.
"If Bitcoin is a hedge against the dollar, Monero is a hedge against Bitcoin."
XMR - BTC Looking Strong Coming into the WeekendSaturday 19th November 2022
Welcome back XMR Bulls. XMR is on a bit of a tear at the moment, having broken above the red dotted trend line forming a nice hammer candle, Green 2 on the TD count.
XMR peaked at 0.008055 so far this week. If it does stay above and closes the week out above the trend line, we could see a few more weeks of positive action out of XMR, seeing the weakness in BTC following the SBF FTX debacle.
Let her rip I say.
Money flow is still above the zero line. Volume and Price Oscilllator from Neobutane is creeping higher, but has flashed an overbought signal. But I don't think it will begin to pull back until the purple price oscillator line gets in to the orange band, so things are looking up at this stage. Let's see how the Sunday weekly close play out.
Peace and love and spicey rum.
Happy Sailing Privacy Pirates.
F.Society, F.Banksters, F.Politicians
Best regards,
Snake Plissken
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 tradeI'm pretty sure that if there are no clearing red bars around the white 800MA , the green 200 will cross over the ORANGE 3200 MA on the 1 hr
so about 187$ or so or higher is my target
This applies like virtually market wide - XMR C waves are super direct nowadays and will more or less glide diagonally to that fib range
My lower target still stands, I think the Z wave is not done on a larger wave degree, which is unfortunately sub 50$ with the rest of market movement
XMR/BTC - Previous Resistance Acting as SupportQuick Idea. "Monerun", or coordinated mass withdrawals, clearly hit exchanges where it hurt. Monero quickly began to outperform the market during the week of the event.
A retrace is expected, although many thought we would surpass $300 before seeing it, hindsight is 20/20 and it's clear this IS the retrace.
This could prove to be a great place to buy in if this previous resistance holds as support. Otherwise, I'd expect a move down to 0.0048.
Considering we were < 0.004 at the beginning of the year, I think this all still within healthy bullish macro behavior and monero will end the year strongly.
King is Coming Back...👑Monroe has broken a long-term trend in its weekly chart and is recording a pullback to it. If the upward trend of the downtrend is stabilized and reversed, good growth is expected.
I hope you find this analysis useful🌹
Follow for more...
#DYOR
Monero (XMR) insanely undervalued!Throughout the last 7 weeks since the beginning of the geo-political turmoil, XMR has continued a steady, albeit slow, predictable rise through all manner of chop coming from BTC and ETH.
You can even see large parabolic downshifts in which -within a matter of hours, or a couple days- Monero returns to the exact same trend, as if nothing had ever taken place.
I am currently working on a video about this overall positive Monero trend going on; with that being said, Monero is incredibly undervalued right now.
♠️🤫🐿
$XMR XMR/BTC Time to finally say "GM" to the Sweet Prince?I absolutely love everything about Monero. The absolute, undisputed king of privacy coins, the untraceable, fungible supermoney to back Bitcoin.
A dead God once told me that Monero is what Bitcoin should've been.
Together they (us) will win.
Monero is money
Bitcoin is gold
With that psychotic rant out of the way, Monero looks like it is primed for pumpin g. This is a retest of 20 October 2021 micro bottom, January-April 2021 cycle bottom, and eternal resistance of the early years 2014-2016 for resistance/support switch.
Possibility of higher low forming on the weekly.
XMR/USD has tapped ath, now crawling back. Normie catapults on.
Word of warning: Monero can be paper traded on exchanges at will. Should the eternal R/S fail, bail. Also, Monero is hated by the governments as it represent freedom from authoritarian control.
-DDD
XMR - Monero / BTC Showing Signs of Life - Part 4-2The additional Bad Ass Bollinger Band 8 day chart for Part 4
Price volume oscillator.
XMR - Monero / BTC Showing Signs of Life - Part 4Monday 11th April 2022
Welcome privacy advocates. Monero Champions
It has been a consolidatory sideways weekend for BTC, but a great weekend for Monero in terms of BTC price.
On the 2 day chart we are at a green TD 8 count.
We have green TD count up dots below all bars and achieved a qualifier "Q" bar on the TD 7
7 and 8 wicked up to just below the 1.272 fib extension of 0.005814
With 1 day and 17 ours to go on the 8 and 2 full days for the 9 to perfect, we could see price continue to more up towards the 0.006035 area, at the 1.414 fib extension
All MA's are below the price now, 33, 88 and 147 day.
Tenkin is still above Kenjun line
Price is well above the Tenkin line
Volume is looking good.
The top of the Ichimoku Cloud is sitting at 0.004958
33 and 88 day MA's are curling up into the cloud
If we see price pull back, between the 33 day and 147 day MA's look good, 0.004456 - 0.004913
Money flow is still green, but has not crossed the zero line. It should cross positive once this candle has closed out. Which where, historically, it has reverted back and flipped negative again, traders taking profits back into BTC.
Squeeze momentum has been strong, staying green for quite sometime now. It faded to a dark green, an over the last 6 days has gained strength going bright green and rising strongly. The previous high in squeeze momentum was on the 15th January where price hit 0.005384.
On the second Bad Ass Bollinger Band chart I will link to this, TD resistance dots are sitting at 0.0061
Money flow has flattened and the price volume oscillator is still not in overcooked territory, and still rising sharply.
There will more than likely be a pullback between current price of 0.005700 and 0.0061
Let's see where it goes privacy freaks! 1 CPU, 1 vote1! Random X's all the way!
XMR - Monero / BTC Showing Signs of Life - Part 3Friday 8th April 2022
Monertopia kicks off this week
Monero has been moving higher
Monero punched through the Upper Orange Bollinger Band, last month on the 7th.
She has broken out of the yellow triangle I drew, on a strong looking TD 7 green candle.
But previous to that, she has not gone passed it since 19th April to 20th May 2021, 1 year ago.
The most recent high's of 0.005398 in 17th January 2022. This will act as resistance, which I have drawn as the solid red line, as well as the TD resistance pink dots just above at 0.006218
If we can surpass to most recent high of 0.005398, and close above, this will be a strong sign for Monero going forward in my opinion.
On the weekly, we should have another two weeks of upward price action if the TD count is to be perfected.
MACD has been bright green for 4 weeks
Money flow is still rising green, but has not crossed the zero line as yet, sitting at -0.091221
Volume and Price Oscillator is not overcooked yet, still in the light orange zone, when it hits the dark orange zone, it will be time to get cautious and take some profits. Let's see if the indicator triggers a sell signal
Let's see where it goes you privacy freaks!
Giddy up!
Monero (XMR) formed bullish Gartley | A good long opportunityHi dear friends, hope you are well and welcome to the new trade setup of Monero coin (XMR) with BTC pair.
On a 4-hr time frame, XMR has formed bullish Gartley pattern.
XMR Update! Target reached! Update to my Monero videos.
My personal target was reached at 207.4 with a limit sell at 207.44, executed.
This will remain a neutral position video, however I am bullish on all privacy tokens in the long run.
I believe privacy tokens will eventually over the next year or so create their own little ecosystem, with XMR essentially playing as BTC within this niche market-- moving and shaking things.