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XMRUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on XMRUSD. Here as you can see, the market broke above the previous highs of 243.344 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 244.287. Since my entry got hit, I put my stop loss 10 pips below the most recent low @ 229.178, and my target @ 261.366. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
BITFINEX:XMRUSDLong
by Matthew_Spositi
💡Don't miss the great buy opportunity in XMRBTCTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (404000). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRBTC 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 64. Take Profits: TP1= @ 497000 TP2= @ 540000 TP3= @ 580000 TP4= @ 630000 TP5= @ 715000 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 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 ❤️
Long
by ForecastCity
7
💡Don't miss the great buy opportunity in XMRBTCTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (404000). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRBTC 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 64. Take Profits: TP1= @ 497000 TP2= @ 540000 TP3= @ 580000 TP4= @ 630000 TP5= @ 715000 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 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 ❤️
Long
by ForecastCity_World
19
Monero (XMR) Project OverviewWhat Is Monero (XMR)? Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography. The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are. Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship. Monero (XMRBTC) Chart Analysis Let's have a look at this chart on the daily timeframe for Monero (XMRBTC). First, notice the left side of the chart... We can see a strong bearish wave until early January 2021 at which point a potential low is hit. We see a very strong bounce take place and finally end up in February, one month later, with a higher low. We have prices consolidating and printing higher lows. Now we are moving above EMA10 and the indicators are turning bullish... ---- Namaste. This is not financial advice.
X
by AlanSantana
14
XMRUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis. Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on XMRUSD. Here as you can see, the market broke below the previous lows of 211.60 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 220.19. Since my entry got hit, I put my stop loss above the most recent high @ 232.04, and my target @ 205.86. Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day. Disclaimer: This is not a recommendation, advice or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
BITFINEX:XMRUSDShort
by Matthew_Spositi
XMR Monero - The #1 bad boy crypto. great Moon$hot candidate?Summary: Preparing to go long if $240 resistance gets broken out of this trading zone. Current valuations and volume to watch: MARKET CAP $3.93B VOLUME (24H) $414.43M Would go long on short term trade when we break resistance convincingly. Would not invest in this since it's gangster funds. No reason to mix clean money with dirty money if you own clean money. Much like it's a bad idea to store value in cash because there, you have banksters behaving badly. If I was Monero XMR incorporated, I would be worried having a half-a-million dollar bounty on my head by the US Government. But monero isn't an entity, it's crypto technology that provide privacy for financial transactions, Unfortunately, it's used by bad guys to trade and do bad things. But the technology itself appears to be rock solid with the US Department of Justice telling the world it cannot track monero transactions by offering a substantial amount of money to break it. What does that tell the bad guys??? They just found their leader?! This makes Monero #1 government target in the crypto space because if you understand the technology and potential is possibly warranted? Well, XMR maybe #2 just behind BS vapour stablecoins. Unlike Bitcoin BTC that has a public ledger, everyone in the world can track funds between wallets. Biitcoin is great for law enforcement, they can get easy analytics of "clean" wallets. Money flowed KYC onramp to crypto-> BTC wallet with a public BTC address -> KYC offramp to fiat. Conversely, illegal activity connected "dirty" wallets can easily be tracked on Bitcoin and so can the money flow between open ledger wallets. If you're a bad guy, you can try to use a bunch of tricks to try to hide your illegal activity on Bitcoin (and failing miserably) or use Monero or other privacy coins. From my research XMR seems to be the #1 privacy coin out there? Monero is the technology equivalent of a world bank. Banks operate closed ledgers, not open ones like Bitcoin. From a technology perspective, XMR is fabulous. From a society and world implication, it will push humanity to evolved to solve problems illicit use creates. But ultimately, in a civilized and law abiding society, there's no reason to ban any of this. If I want to send say $100 to a friend in an oppressed country, she is stuck. That $100 is a gift, I earned it honestly, paid tax on it to earn it etc and I want that $100 to be 100% confidential between me and her. It's a gift between two people, nothing illegal is done, I want the transaction to be online, bankless, and private. Monero is the #1 solution from what I can see. Monero isn't bad, but it can be used to hide transfers of illegally funds. Monero is like a knife. You can use it for good or bad. You can use a knife for productive use like preparing your meal or use it for illegal use like stealing at knifepoint. You should be allowed to use Monero for good and law enforcement should be able to monitor bad guys. But how do you track the bad guys with Monero. That's the core issue there so I understand the issues governments and law enforcement would have with monero. Banning monero is easy, it's a law and a country can say "citizens may not own this", just like owning plutonium. India is the leading democratic country that will attempt to do it. Is Monero akin to plutonium? As a technology person, I do appreciate the beauty of incredibly powerful elements. I would classify plutonium and monero is the same category of potentially highly regulated elements. One is physical and highly detectable. The other isn't. Regardless what happens with Monero's future legal status, Bitcoin fans will rejoice in knowing that democratic governments cannot ban Bitcoin, they will get voted out of office. But democratic governments can, and likely will, ban untraceable crypto like Monero because of its illicit capabilities so this is not a safe investment coin. It's a toxic trading coin, like USDT. Trade with care and make sure you can quickly trade out on triggers when you hold. If the G20 countries ban it, one would have to move to a non-G20 country to legally own Monero? Not something I would do for the sake of privacy. Adding XMR on my trade-only watch list and I will likely hold it minutes/hours because this coin has big bullseye on it. If I was law enforcement and policy makers, I would ban all closed-ledger or private cryptos that are not operated by a custodian registered in the country. Bitcoin BTC, as the world's #1 open ledger, proven crypto, goes to a million dollar plus as altcoin investors flow back into the #1 safe heaven crypto. Stay safe. Trade and invest with care. Please comment, like etc. Always looking for alternate point of views to avoid the blindsides.
X
by UnknownUnicorn2413721
Monero back in the data sets already! LOLI just covered my long for -1% on my last XMR call and now we are back to having more positive data for big $ interest. Alas.. the life of a trader! lol... But, like so many other charts out there... (see my links for ETH and DOGE on this post for reference) there is no momo right here. Charts on all timreframes look to be in a slowdown and consolidate mode. This 1440 tick shows it well. Now, if you are long term bull thesis these are GREAT areas to accumulate. Finding the range and bidding in the lower areas can be a super good risk conscious way of building a position (lots of big funds do exactly that.) But, for us, we trade... and this isn't the pitch we are looking to swing at yet.... yet. :)
KRAKEN:XMRUSD
by HumbleFutures