ETH whales cashing out to XMR? Record XMR/ETH Volume on Binance!Interesting data. This pair has been bleeding for months and suddenly it rebounds with some SERIOUS volume! I haven't seen anything like this.
This is a great sign for Monero I think. A lot of people made a LOT of money off of Ethereum the past couple years. Naturally, when you make money your next goal (after the hookers/cocaine honeymoon period wears off) is to ensure wealth preservation and protection. In the cryptospace, there is no other asset focusing on user protection as much as monero.
I haven't traded any ETH for XMR (because I have very little ETH and I hold XMR already) but I will come back here to check in on this ratio perhaps.
Moneroeth
Golden ratio for the golden crossMonero fibonacci spiral, looks like a buy
Golden cross can be seen
Price can be seen in green box to climb the fib spiral
There is a possibility for the beginning of an uptrend in XMRETHTechnical analysis:
. MONERO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.3150 to 0.2940). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.3150)
Ending of entry zone (0.2940)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.35070000
TP2= @ 0.38050000
TP3= @ 0.40490000
TP4= @ 0.42160000
TP5= @ 0.45540000
TP6= @ 0.48880000
TP7= @ 0.53630000
TP8= @ 0.59666500
TP9= Free
There is a possibility for the beginning of an uptrend in XMRETHTechnical analysis:
. MONERO/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.3173 to 0.2814). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.3173)
Ending of entry zone (0.2814)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.35070000
TP2= @ 0.38050000
TP3= @ 0.40490000
TP4= @ 0.42160000
TP5= @ 0.45540000
TP6= @ 0.48880000
TP7= @ 0.53630000
TP8= @ 0.59666500
TP9= Free
A second Chance to Buy XMRETH ...Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
Technical analysis:
. The price is above the 21-Day WEMA which acts as a dynamic support.
. Relative strength index ( RSI ) is 55.
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (0.483). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.483).
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Trade Setup:
We opened 8 BUY trade(s) @ 0.28887253 based on 'Valley' entry method at 08.11.2018.
Total Profit: 130523966 pip
Closed trade(s): 84976482 Profit
Open trade(s): 45547484 Profit
Closed Profit:
TP1 @ 0.310 touched at 08.13.2018 with 2112747 Profit.
TP2 @ 0.339 touched at 08.18.2018 with 5012747 Profit.
TP3 @ 0.374 touched at 08.31.2018 with 8512747 Profit.
TP4 @ 0.455 touched at 09.03.2018 with 16612747 Profit.
TP5 @ 0.512 touched at 09.06.2018 with 22312747 Profit.
TP6 @ 0.593 touched at 09.12.2018 with 30412747 Profit.
2112747 + 5012747 + 8512747 + 16612747 + 22312747 + 30412747 = 84976482
Open Profit:
Profit for one trade is 0.51660995 (current price) - 0.28887253 (open price) = 22773742
2 trade(s) still open, therefore total profit for open trade(s) is 22773742 x 2 = 45547484
All SLs moved to Break-even point.
Take Profit:
TP7= @ 0.697
TP8= Free
A second Chance to Buy XMRETH ...Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend.
Technical analysis:
. The price is above the 21-Day WEMA which acts as a dynamic support.
. Relative strength index ( RSI ) is 55.
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (0.483). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested support line (0.483).
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Trade Setup:
We opened 8 BUY trade(s) @ 0.28887253 based on 'Valley' entry method at 08.11.2018.
Total Profit: 130523966 pip
Closed trade(s): 84976482 Profit
Open trade(s): 45547484 Profit
Closed Profit:
TP1 @ 0.310 touched at 08.13.2018 with 2112747 Profit.
TP2 @ 0.339 touched at 08.18.2018 with 5012747 Profit.
TP3 @ 0.374 touched at 08.31.2018 with 8512747 Profit.
TP4 @ 0.455 touched at 09.03.2018 with 16612747 Profit.
TP5 @ 0.512 touched at 09.06.2018 with 22312747 Profit.
TP6 @ 0.593 touched at 09.12.2018 with 30412747 Profit.
2112747 + 5012747 + 8512747 + 16612747 + 22312747 + 30412747 = 84976482
Open Profit:
Profit for one trade is 0.51660995 (current price) - 0.28887253 (open price) = 22773742
2 trade(s) still open, therefore total profit for open trade(s) is 22773742 x 2 = 45547484
All SLs moved to Break-even point.
Take Profit:
TP7= @ 0.697
TP8= Free
There is a trading opportunity to buy in XMRUSDTechnical analysis:
. MONERO/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.283 to 0.227). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.283)
Ending of entry zone (0.227)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.310
TP2= @ 0.339
TP3= @ 0.374
TP4= @ 0.455
TP5= @ 0.512
TP6= @ 0.593
TP7= @ 0.697
TP8= Free
A trading opportunity to buy in XMRUSDTechnical analysis:
. MONERO/DOLLAR is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.283 to 0.227). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.283)
Ending of entry zone (0.227)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words,
NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone.
To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:
Take Profits:
TP1= @ 0.310
TP2= @ 0.339
TP3= @ 0.374
TP4= @ 0.455
TP5= @ 0.512
TP6= @ 0.593
TP7= @ 0.697
TP8= Free
XMR/ETH Fib Level Support and Repeat Pattern LONGXMR making a similar albeit not exact pattern to November of 2017. The leading indicator I am looking at is the leveling price on the 0 fib level + the bullish divergence in RSI. As you can see in November/December of 2017 XMR rose all the way to the 78.6% fib level before taking a break and then making another move upwards towards the 161.8% level. I don't think it will be as bullish this time around but I am looking for it to move up towards clear resistance at the 50% level which would be around .366 ETH for a nearly 33% gain.
XMR/ETH Weekly Chart LONGLong term bullish on XMR/ETH pair.
Triangle forming. Currently at fibb level support.
A long-term trading opportunity to buy in XMRETH. Wait to hunt!Technical analysis:
MONERO/ETHEREUM is in an Up Trend and Continuation of up trend is expected.
The price is above the 21-Day WEMA which acts as a dynamic support.
The RSI is at 70.
Trading suggestion:
The price is in an up trend and we forecast, the uptrend will continue.
But there is possibility of temporary retracement to suggested support zone (0.283 to 0.212), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (0.283)
Ending of entry zone (0.212)
Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
(We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!)
Take Profits:
TP1= @ 0.358
TP2= @ 0.435
TP3= @ 0.471
TP4= @ 0.512
TP5= @ 0.587
TP6= @ 0.623
TP7= @ 0.697
TP8 = Free
XMR nearing support zone?Swing trading opportunity possibly. XMR looks to be tumbling (as everything is). Could get in a nice position to get a nice return.
