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Monerousdt

XMR: Channel DownMonero (XMR) technical analysis: Trade setup : Price is trading in a Channel Down pattern. It rebounded from Support zone ($125-130) and reached stiff resistance area near $150. This is a critical level. Price is likely to get rejected here, but if it’s able to break through, it could revisit $175 thereafter. Pattern : Price is trading in a Channel Down pattern. With emerging patterns, traders who believe the price is likely to remain within its channel can initiate trades when the price fluctuates within its channel trendlines. With complete patterns (i.e. a breakout) – initiate a trade when the price breaks through the channel’s trendlines, either on the upper or lower side. When this happens, the price can move rapidly in the direction of that breakout. Trend : Uptrend on Short- and Medium-Term basis and Downtrend on Long-Term basis. Momentum is Bullish but inflecting. MACD Line is above MACD Signal Line and RSI is above 55 but momentum may have peaked since MACD Histogram bars are declining, which suggests that momentum is weakening. Support and Resistance : Nearest Support Zone is $125-130, then $100. The nearest Resistance Zone is $150, then $175, and $200.
XLong
by altFINS
Giant Bull Flag on Monero's weekly timeframeWe can see a giant bull flag on Monero's weekly timeframe with of course an overshoot of the pole, according to the pole size without the overshoot the price targets could reach or exceed previous ATH of around 500$ depending on the breakout zone also coinciding with the completion of the giant cup and handle patern, if we were to take the overshoot into account, price targets could be around 720$. We also need to take into account that if BTC and the markets decided to head south as many expect/expected Monero can easily fall to the 70$ range all while staying in the bullish flag. Currently we are flirting with the median line of the descending channel acting as resistance.
XLong
by TrendlineNoob
#Monero adds 90% From Q1 2022 Lows, Will #XMR Rally to $300? Past Performance of Monero Monero is stable in the previous 24 hours but up eight percent versus the USDT in the previous trading week. Technically, buyers are in control, adding roughly 90 percent from Q1 2022 lows. #XMR remains bullish above April 18 lows and the support line marked by the flexible 20-day moving average from the daily chart. Monero Technical Analysis Overall, #Monero buyers have the upper hand reading from the candlestick arrangement in the daily chart. Even though the uptrend's momentum appears to be slowing down, the inability of sellers to completely unwind the gains of April 18 and break below the $230 signal strength. As a result, traders may find entries on dips above $230 with an immediate target at $300. On another approach, risk-averse buyers can wait for a clean break above $270 before trading with the primary trend. If sellers press lower, losses below April 18 lows and, most importantly, the middle BB may entail a bear breakout, possibly driving XMR towards $185. What to Expect from XMR? Monero is firm to the upside, finding support above the middle BB. Based on the formation in the daily chart, XMR may float higher to $300 provided buyers sustain prices above spot rates. Resistance level to watch out for: $270 Support level to watch out for: $230 Disclaimer: Opinions expressed are not investment advice. Do your research.
XLong
by Bitcoin_Analyzer
Monero breakout! (XMR) poised for a run!I realize that it is floppy Friday, (...and tax day for us stupid Americans) . However, Monero has been continually making positive moves throughout this entire last bearish 10-14 days we've had with BTC and the rest of the crypto-verse. I have been following Monero more closely than any other coin/token/currency that I chart. I've been mining XMR using cheap CPUs since 2018, and have been heavily invested since fall of 2017. I personally just sold all of my Ethereum and threw it into XMR. if anything... I'd be on the lookout ♠️🤫🐿
Long
by FutureAmericanExpat
XMR in the dangerzone, neutral dayA little accountability from me, as well as a brief run-down of Monero's gradual rise. Also quickly discussing: -thoughts on how I place my sells -thoughts on how I look at the aftermath of a large pump, ----and why Monero has created a nice asymmetric, rising triangle; as opposed to how it could have gone if Monero had continued to pump hard. If it did, we would have had a descending triangle much like ZEC is suffering from in the historic sense right now. XMR is within a triangle now that could very well break up or down within the next two or so days. I am still long on all privacy tokens in general; in a historic sense. However, when XMR did not break past it's resistance trend yesterday, it has now gotten itself pinned down under fire from both sides. Be careful and remember to stay conservative on your stops/sells. I highly recommend staying below a daily or weekly pivot by small margin, as not to get stuck with a bag. --Especially after all us savvy day traders leave right before the two or so drunk XMR 🐳's, drive a proverbial Hummer through the back door of the party, and everyone scatters. 💥
by FutureAmericanExpat
4
XMR still breakout ready above 2.05 to 2.076XMR sank back down after breaking slightly past the downward trend resistance (coming from March 8th's huge gain). With the respective correction and gradual 2 week climb back up, XMR is still very much poised to break out to new high not seen yet this year. Originally, I had assumed Monero would pump as soon as it broke out from that pesky negative trend resistance. However, it did sink back to the neutral pivot, and (thankfully) is now back within the original positive trend channels. XMR is now heading towards a triangle breakout from the convergence of the red negative trend resistance, and the yellow neutral pivot of today creating a nice even angle at the end of the day tomorrow, with the bottom of our positive trend channels.
Long
by FutureAmericanExpat
XMR poised for historic breakout?Volume steadily increases... While price steadily decreases... I'm glad that I was able to bring ZEC back out on the daily ticker, on my last video, to observe the historic downward trend; because, I was able to notice something very bullish about Monero. As XMR's price continued to fall over the last year, it's volume steadily increased. This, to me, has always been a sign of a historically dramatic breakout. I don't want to get anyone's panties a'flutter with this, nevertheless, it's just a facet of charting that I've noticed over time. Volume goes up, while price goes down... they both always meet in a middle for a huge spike.
Long
by FutureAmericanExpat
XMR little chanceWhat's up guys ! I'm looking at Monero again , using my previous approach which yielded profit for me based on my trading style Price is in an overall uptrend from the bigger timeframe and seems to be making higher highs Price is currently approaching a resistance zone which could be respected or broken upwards but before then we can still scalp a little profit if and only if it breaks the 4h red trend line upwards indicated and makes higher highs , if you're a conservative trader you should overlook this as I don't suggest buying around the resistance zone Presence of divergence too to support as a confluence I'm also on the lookout to see if it breaks over the resistance zone ,then watch the bulls take it to the upper green trend line to continue the pattern on the bigger timeframe what do you guys feel ?
XLong
by newschooltrader
1