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Monero Discounts Incoming! (XMR)Monero has been in a rally for around 300 days. We brokeout past the recent high of $100 and now I believe we are setting up for a good size pullback. I have my eyes set on a catch at $100 as a potential major breakout retest, the we will bounce towards the ATH. My ema dots indicator on the bottom is showing a red dot which is a sign for sell off. The week will close in 1 day which will help me confirm on trend. The candle above is showing compression with sideways movement, with price shifting below the candle.
BITFINEX:XMRUSDShort
by UnknownUnicorn2319099
1
Can XMR hold this support if BTC breaks down???XMR is trading at a very important support level and with BTC testing that support once again can alts like XMR keep there support in tact. We feel there is a healthy correction on the way. If XMR does break this support we can see it trade as low as the 100 dollar area. - - - - - - - - - - - - - - - - Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice. I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
Short
by TheForecasters
XMR formed Cypher pattern for upto 40.5% bullsih rally Hi friends, hope you are well, and welcome to the new update on Monero. On the weekly chart, the price action of the XMR has completed the final leg of bullish Cyhper and entered in the potential reversal zone. The price action is breaking down the 50 simple moving average but we have another good support of 100 SMA below the buying zone. Possible profit and loss ratio: This trade has a profit possibility of 40.5%, and the loss possibility is 10%. 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. For exact buy and sell targets for this trade, and other harmonic trading signals you can join: www.patreon.com
BITFINEX:XMRUSDLong
by moon333
1
XMRUSD it can be a best opportunity to buy the dipHey friends, hope you are well, and welcome to the new update Monero. On Feb 9, 2020, I shared the idea where the price action of XMR formed a big bullish BAT on the monthly chart, now the priceline has started to move to the upside and so far it has produced more than a 120% rally. Pivot support and EMAs: Now if we take a look at the live monthly chart, then it can be observed that the price action also had pivot 1st support below the potential reversal zone that helped well to the priceline to move up. In this rally, the price action has also crossed up monthly exponential moving averages 10 and 21. Long-term support and resistance levels: On the weekly chart, the different long-term support and resistance levels can be seen. The price action of XMR has broken out the $100 and $140 resistance levels and re-testing the $140 as support. The next resistance levels would be $140, $260, $330, and $450. An up-channel formation: On the same weekly chart, the price action has formed an-up channel and it is re-testing the support of the channel and weekly EMAs 10 and 21 as well. Ichimoku cloud: The price action has already broken out the weekly Ichimoku bearish cloud resistance and now re-testing the conversion and the baseline supports. Another big bullish BAT: Now if we take a look at the XMR with Bitcoin pair’s 2-month chart, then the Monero has formed another very big bullish BAT and entered in potential reversal zone. This time we again have pivot 1st support beneath the potential reversal zone. s3.tradingview.com Conclusion: The priceline of Monero is re-testing different support levels therefore the re-testing of these supports would be successful then it will be the best buy the dip opportunity.
BITFINEX:XMRUSDLong
by moon333
Monero has completed very big bullish BAT for upto 550% rallyHi dear friends, hope you are well, and welcome to the new update on Monero coin. On the long-term 2-month chart, the price action of the XMR has completed the final leg of bullish BAT and entered the potential reversal zone. At this time the priceline is spiking beyond the PRZ level. Therefore I would suggest to wait for the priceline to move back in the potential reversal zone, preferably we can wait for the monthly candlestick to close in the PRZ level then place the buying orders. There is also a pivot 1st support below the potential reversal zone. Possible profit and loss ratio: This trade has a profit possibility of 550% and the loss possibility is only 46% 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.
XLong
by moon333
1
XMR/USDT 4 Hour Ascending triangleIn this idea we see XMR has reached the ascending triangle at the end of my parabolic fractal. It seems to have pumped out the triangle, found support on top, fell through to apex of triangle (probably due to bitcoin movement) and should now start heading to the upside if Bitcoin cooperates. Right now we are about to see Bitcoin go up and make what I believe will be a double top. This will give XMR a bit of room to run and even if these targets are not hit completely before the correction on Bitcoin we will see a return to these levels in the resulting altseason. If you agree throw me a like and follow me for more unique ideas and concepts that keep you in the gains.
Long
by The_New_Disciple
XMRUSDT Did it find support or can it drop more?While BTC has lost almost 1/4 of it's value all the alts are trading lower. For XMR it seems to have found support around the 130 dollar area which has acted as previous support and resistance. This could be a potential bounce for XMR although it might also be too early to tell. BTC seems to be trading against resistance and if it does get rejected we might see all the other Alts trade lower as well. - - - - - - - - - Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice. I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
by TheForecasters
XMRUSDT UpdateXMR was rejected by that 4hr ichimoku cloud and came back to test support the 150 area. Like we said Long opportunities will be looked at but only once it overcomes that cloud and turns it into support. Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice. I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
by TheForecasters
XMRUSDT LONGXMR is trading in a nice range and seems to be bullish, however we would only to start looking at it once it gets above the 1hr ichimoku cloud as well as the 4hr cloud. Disclaimer: The content covered in this channel is NOT to be considered as investment or trading advice. I am NOT a financial adviser. These are only my own speculative opinions, ideas, theories, hypotheses and trade setup ideas on the market. The content posted in this channel is purely for entertainment purposes only and the information is NOT to be used or replicated by others.
Long
by TheForecasters
Monero ChartMonero is creating a clear and stable structure with many bullish signs. The panic drop from the delisting news is almost fully recovered from. Monero fans will not give a damn about this because the fundamentals are the same. You can still make anonymous transactions no matter what exchange it's traded on. In its current structure, it is consistently finding higher highs and higher lows. High buying volume has occurred at supports and on excitement candles. Higher sell volume has either been recovered from or not moved the price significantly. In a recent break below a minor trend line, it still managed to form a higher low, and ist still trading above the next major downtrend line. The higher highs and higher lows indicate an uptrend, and since it it finding support at the 0.236 it means the sellers are letting up. If the buyers can take full control past the current resistances, we can expect a sustained move upward.
X
by StayHydrated1