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Xmrbtclong

XMR/BTC - Monero: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the OMXSTO:XMR / CRYPTOCAP:BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.00561 | 0.00586 | 0.006553, and the major support zones can be found at 0.004917 | 0.004474 | 0.003781. Consider entering a trade at the current price zone of 0.005414 and targeting higher levels. ◰◲ General info : ▣ Name: Monero ▣ Rank: 28 ▣ Exchanges: Binance, Kucoin, Huobipro, Gateio, Poloniex, Kraken ▣ Category/Sector: Payments - Currencies ▣ Overview: Aimed at privacy-preservation and fungibility, Monero is a Bytecoin code fork providing anonymous value transfer through ring signatures, stealth addresses, confidential transactions, and bulletproofs. Monero offers anonymity by default in contrast to the optional privacy preserving functionalities of its peers. In pursuit of decentralization Monero continually changes its proof-of-work algorithm in order to prevent ASICs from dominating and centralizing the mining process. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.005414 ₿ ▣ 24HVol: 138.421 ₿ ▣ 24H Chng: 3.202% ▣ 7-Days Chng: 17.74% ▣ 1-Month Chng: 7.61% ▣ 3-Months Chng: 5.67% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00561 | 0.00586 | 0.006553 ◢ Support: 0.004917 | 0.004474 | 0.003781 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: 1.53 ▣ Last 90D: 0.00 ▣ Last 1-Y: 0.69 ▣ Last 3-Y: 0.68 ◲◰ Volatility : ▣ Last 30D: 0.41 ▣ Last 90D: 0.36 ▣ Last 1-Y: 0.55 ▣ Last 3-Y: 0.93 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.55 - Bullish ▣ Reddit sentiment score is 0.63 - Bullish ▣ In-depth XMRBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
X
by Crypto2AF
$XMR/#BTC [#Monero]: Resistance_Breakout◳◱ A Resistance Breakout has been identified on the $XMR / $BTC chart. The price has broken above a key resistance level, indicating a potential bullish trend. The next resistance key levels are located at 0.006806 | 0.007185 | 0.007824, and the major support zones can be found at 0.006167 | 0.005907 | 0.005268. Consider entering at the current price zone of 0.006648 and targeting higher levels. ◰◲ General info : ▣ Name: Monero ▣ Rank: 28 ▣ Category/Sector: Payments - Currencies ▣ Overview: Aimed at privacy-preservation and fungibility, Monero is a Bytecoin code fork providing anonymous value transfer through ring signatures, stealth addresses, confidential transactions, and bulletproofs. Monero offers anonymity by default in contrast to the optional privacy preserving functionalities of its peers. In pursuit of decentralization Monero continually changes its proof-of-work algorithm in order to prevent ASICs from dominating and centralizing the mining process. ◰◲ Technical Metrics : ▣ Mrkt Price: 0.006648 ₿ ▣ 24HVol: 121.750 ₿ ▣ 24H Chng: 1.218% ▣ 7-Days Chng: -1.81% ▣ 1-Month Chng: -13.50% ▣ 3-Months Chng: 2.42% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.006806 | 0.007185 | 0.007824 ◢ Support: 0.006167 | 0.005907 | 0.005268 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: STRONG_BUY ◰◲ Technical Indicators Summary : STRONG_BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -4.59 ▣ Last 90D: 0.22 ▣ Last 1-Y: 0.22 ▣ Last 3-Y: 0.63 ◲◰ Volatility : ▣ Last 30D: 0.51 ▣ Last 90D: 0.45 ▣ Last 1-Y: 0.84 ▣ Last 3-Y: 0.99 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is 0.56 - Bullish ▣ Reddit sentiment score is 0.77 - Very Bullish ▣ In-depth XMRBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
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by Crypto2AF
XMR/BTC TA Update (retest swing low?)XMR/BTC XMR is almost back to the mean or previous support where we had a strong rally up to 9000 sats area. XMR is currently formulating a potential bullish reversal pattern as the price approaches near the strong level of buy zone. The market is still uncertain about the future so if any bad news will appear online, XMR could still drop another 10% to resting swing low at 6000 sats area. I'm still not interested to enter the market as of now, but I'm already looking at low-risk high reward altcoins today.
XShort
by PolarHusk
XMRBTC formed bullish BAT | A good long opportunityOn short term 3 hour chart the Monero (XMR) with Bitcoin pair has formed a bullish BAT pattern and just hit the spike in potential reversal zone but there are chances that the XMR will give another change to catch it from the potential reversal zone of this pattern so we can wait and buy. The Formation Of Harmonic Pattern: Let’s take a look in to pattern’s dimensions to see how perfect this pattern is formed by the Monero. After completing the initial leg (X to A) the A to B leg is retraced between 0.382 to 0.50 Fibonacci and then B to C leg is projected between 0.382 to 0.886 of A to B Fibonacci projection area and last leg (C to D) is retraced between 0.786 to 0.886 Fibonacci and now the price action is moving in potential reversal zone of this bullish BAT and now we can expect bullish divergence at any time from this area. Buying Method Using MACD And Stochastic For Secure Entry In Trade: At this time on 3 hour chart the moving average convergence divergence (MACD) has turned weak bullish from strong bullish and Stochastic has given bear cross therefore we can wait for the price action to enter in buying zone again and then wait for MACD to turn strong bullish again and stochastic give bull cross then place our buying orders this way can be secure for buying. The Targets: The buying and sell targets according to harmonic BAT pattern should be: Buy between: 0.008265 to 0.008198 sats Sell between: 0.008428 to 0.008673 sats Stop Loss: The potential reversal zone of this pattern can be used as stop loss in case of complete price action closes below this level
XLong
by moon333
Why volume is not always an indicator of valueAs you can see in XMRBTC the volume has been increasing steadily over the years, (possibly fake volume), this leads people to the conclusion that a lot of buyers are present when in reality price is steadily declining and care should be taken when choosing to invest. My conclusion is that volume has little to no correlation to price action, and analysis should be made using various other TI (linear regression, Fibonacci zones for example). First educational post feedback is nice.
XEducation
by Bixley
3
XMRBTC hitting the support of wedge | A good buying opportunityPriceline of Monero / Bitcoin cryptocurrency is moving within a falling wedge and hitting the support of wedge and also hitting the bollinger bands support. Last time when the price action hit the bollinger bands support and wedge's support it produced more than 18% profit. But as the MACD is strong bearish and stochastic is in bear cross so we should wait for stochastic to give bull cross or MACD to turn weak bearish then buy. Volume profile of complete wedge is showing less interest of traders below the wedge's support. I have defined targets using Fibonacci sequence: Sell between: 0.00721235 to 0.00772725 Regards, Atif Akbar (moon333)
Long
by moon333
1
Eyes on long-term XMRBoth USD and BTC price reaching areas of possible reversal on long-term weekly charts. Posed for potential breakouts at the bottoms of downwards wedges in both charts. Bullish divergence has appeared for the last two lows on both MACDs. RSI is not showing bullish divergence but has recently touched and rebounded slightly from oversold areas, also posed to breakout through resistance in downwards wedge formations. A corrective bounce to either of the last fib lines suggest possible XMRBTC targets of 0.016 (+20%) and 0.020 (+50%), with possible XMRUSD target of $130 (+245%).
Long
by Yrat
#XMR MONERO #LONG - Bearish Butterfly Pattern - Harmonic Pattern#XMR Monero has given point C for a possible Butterfly Pattern (purple) that plays stronger than formed triangle (blue), good for #long. Dropping below 88.6% retracement fib. bookmarked at red will invalidate pattern, so it's a good area to place stop-loss. After reaching Point D we should see a reversal and the possibility to #short. TP (Take Profit) on the short side would be Point A for a more aggressive approach and Point B for a more conservative one.
X
by Jnsane