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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 (149.67). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 75. Take Profits: TP1= @ 169.36 TP2= @ 178.96 TP3= @ 187.00 TP4= @ 198.86 TP5= @ 213.18 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 ❤️
XLong
by ForecastCity
2
XMR - Monero / BTC Showing Signs of Life - Part 215/01/2022 XMR - BTC Since the 2nd it did not follow the path I suggested, but it did retrace as I suggested back to he sweet spot between 23% and 38% fib. On the fib, chose 0% because of the green TD support dots The 7 and 8 TD counts hit a low of 0.004364 and 0.004347 respectively. Then the no.2 TD on the 13th Jan ripped up to 0.005392 for a 23% gain from the low. Today on the 3 count with another 3 hours to go, it could go up from here as it is still early in the count, a hammer candle is forming, but the price action is not deviating much which could indicate indecision. It would be nice to see Monero cross up into the orange 0.005529 Bollinger Band, and crossing up into the red 0.005852 BB would be super! Monero has crossed the green TD support level at 0.005190, and is staying above at this stage. The next level of resistance is at the pink TD resistance dots at 0.005750. If Monero continues to rise, it could top out at the ~0.005600 area, if it does not punch through the resistance. MACD has crossed bullish. SuperGuppy is looking positive Squeeze Momentum is on the second bright green bar Money flow has crossed negative, and showing red, but appears to be forming a higher low PZO/VZO is showing as being overbought, but the volume line is above the price line and they are still in the lower orange zone, and have not entered the red zone as in the previous green TD 8 on the 1st January. Lets see where Monero takes us. Privacy all the way!
XLong
by kryptologic
XMR/BTC long-term resistance flipped support and double bottomAs you can see, the resistance levels of 2015/2016 have turned into support in 2021. Then, throughout all of 2021, it formed a huge double bottom right on that support. The higher the timeframe on these kinds of moves, the more accurate they turn out to be. Considering we had a big green daily candle yesterday, I'd say it's very likely that this was the bottom and we go up big time from here. As I mentioned in my other post, targets range from 67000 sats (~$300 - 350) all the way up to 500000 sats (~$2000 - 4000+ depending on where BTC is at that time). XMR is generally pretty stable so it should be an easy hodl. We're just waiting to see if the 4 year long downtrend finally reverses here. There's no guarantees, but if that trend finally reverses it's going to be wild.
XLong
by jariii
Monero Daily TA : 01.14.22 : $XMRPossible trend of Monero ... All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 14.Jan.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
3
Bitcoin has bearish monthly MACD and formationsThe monthly MACD has been a concern for a while given the fact that it looks like there is a high probability that it will cross the signal line shortly. Most strictly the MACD and signal line crossing means that price has moved sideways enough that the EMAs that make up the MACD have stabilized enough for the MACD to be where it was some 21 periods ago. That is a complicated way of saying that, in this case, price was going up and now it is going sideways. Pattern traders, obviously, look for patterns. Continuation, consolidation, or reversal on price action or indicator signals and historic responses to price action. Bitcoin price action around the monthly MACD cross has been that of massive reversal, not continued consolidation or reversal. Even the most bullish of dump that we saw during the C19 dump of 2020 had a move of some 50% in one day. That is rough if you are a forced seller. The years of 2014 to 2015 saw a massive ABC correction that lead to the MACD crossing both the signal and zero line. 2018 had a beautiful ascending triangle. 2019 into 2020 was residual consolidation from the 2017 blow off top. All of these MACD crosses lead to loses of over 70%. When the MACD is viewed on a normal setting and zoomed in to more recent price action we can see that the MACD cross appears inevitable. It appeared inevitable in 2019 as well but there was some chop in the price action so the histogram flickered red, green, light green and red again. I don’t think that will happen in for the next move. The price action is to clearly within a head and shoulders on the right side of this double top for me to do anything other than take shorts or look to buy the dip. In other words, I see monthly weakness on the MACD and large scale chart formations so when I see any signs of weekly strength I will be looking for daily bearish patterns to put some margin shorts on. My Trades In a bear market the alts are going to move faster than bitcoin so if something looks bearish on TOKEN/USD, TOKEN/BTC, TOKEN/ETH and I have chart patterns on each I will fell confident taking a short on that. Right now I have a short on XMRUSD with a profitable stop. XMRUSD looks like it is in a massive double top and it MACD cross already happened. It took 10 months for XMR to go from $10.71 to $516 so it can just a easily go back down in the same amount of time, or quicker, given the fact that the downside to a double top is usually a bit quicker than the upside. If, for some reason it stops at a mere $50 or $25 in that time my entry is still around $210. I also have my eye on link for a short. Below is the HA chart, I hope to see it get a little closer to the triangle resistance and then see the HA candles get tight, turn red, and then I’ll look for a more precise entry. If the triangle breaks upward I short from higher up. I am not going to be taking leveraged longs unless I see a real long term chart pattern and I don’t expect crazy gains to the upside until we get past whatever resistance line we end up setting. The ABC correction resistance line is a key example of what I am talking about. Lots of sideways chop after the target was reached before price action broke out of the resistance line and retested it as resistance.
BNC:BLXShort
by This_Guhy
9
XMR/BTC following the fibs. Also macro bullishI expect XMR/BTC to touch the 0.618 fib at 0.004678btc within a couple of hours from now before bouncing and making a new high in a couple of days max. On the macro scale (the 1w) we can see that the resistance of 2015/2016 has flipped to support in 2021. We also have a huge double bottom that formed during the year 2021 and now a strong bounce. On the daily we can see that it has tested the 200d MA and rejected it. A retrace was to be expected here, but follow this fib and buy pretty much anything under 0.0048btc. First real target is at $315, after that it gets crazy and the sky is the limit. However insane it sounds, we could even see XMR at 0.05btc within a year, which would bring it over $4000 if Bitcoin is above $80k by that time.
XLong
by jariii
1