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Xmrbtclong

XMRBTC 4HRzooming in to the 4HR OHLC chart we can see some more detail in the swing high. Left circle is resistance, the price point where the last attempt to break out of the beartrend failed. The right circle shows what we call the break. Observed a lot in breakups like these, there is a moment of pause in the swing high, usually represented by a few candles closing and opening close to each other as price trades sideways for a short bit before moving up throught the level. The same area is supporting the price when it comes back down to test support, this is what we call resistance becoming support. Officially the elephant trade has already happened for this swing up as we already had a nice retracement back to support and a good bounce from our buy levels. This is why I am already long, I just took half profit at target to secure some profits. Should you still want a long position you can still use these levels with a stop just below the 0.786 fib. I would recommend trying to scale into a position between the 0.50 and the 0.618 fib levels. Safest option is to wait for the next legup and buy the dip on support again. Stay tuned.
by Coinstreet
1
$XMR #MONERO - THE FLAG - at the end of a downtrendHello Lads and Ladies, As promised, there is at least one TA per day here and today we are looking into XMRBTC - one hell of a clear picture. To beginn with, we take a look at the previous structure, that was a very strong uptrend that XMRBTC was following after it hit a very strong support at 0.011 this uptrend continued all the way up to 0.034 which was basically a 3x gain. Logically, we saw a pretty nice crash after it, breaking the uptrend obviously. After the crash to the 50% fibs retracement, XMRBTC went sideways for quite a while after which it retested the very strong resistance at 0.030. It got rejected there and started a new, very well respected downtrend. This downtrend continued as expected towards the 61.8% fibs line at 0.021, where it was about to break out but this was exactly when the whole market was taking a sweet bloodbath, so very unfortunately this downtrend continued heading towards the 76.8% fibs line at 0.016. A very remarkable aspect is that this downtrend is VERY steep so the charts naturally narrows when it is approaching the end of the downtrend. You can see this "phenomenon" even better when you look at all white lines indicated in the chart, which are forming a very clear FLAG. This type of flag is normally a very bullish sign and as soon at it is finding support and breaks the downtrend, the breakout is remarkable and humungous. Since XMRBTC was supposed to change the trend at the 61.8% fibs line, it seems to be changing it at 78.6%. The first big move will be to the 61.8% fibs line, where it will show, if this trend would have been reversing or not, when it ws supposed to do so, but failed due to the whole market. At this point we will either XMRBTC continuing the uptrend towards the 0.030 line OR reading back down to the very crucial support at 0.0116. Right now, I am very bullish on, especially with many other coins XMRBTC forming right now a bigger double bottom, I see it definitely breaking the harsh downtrend and continuing past the 61.8% fibs line. Nevertheless, I will watch it closely and would expect it to go down to at least the 78.6% fibs line and see what it is doing there. I would suggest getting a big bag of XMRBTC at UNDER 0.0175 to 0.016 - lets see what happens. Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins. Fell free to request TA for ANY coin you are interested in!!! Cheers, Tomas
Long
by KongTrading
1
XMRUSD (Monero) 4hr tf analysisThe downtrend in price of Monero (XMRUSD) from ~$373.69 on March 5,2018 to ~$186.32 on March 18, 2018 is identified in this analysis as a minor wave A position. Monero is therefore currently in a minor wave B position that has not terminated yet. The target area ($242.89 and $254.38) marked on the chart indicates the potential region of termination of Minor wave B. Minor wave C is expected to move downwards from the target area to complete a 3 wave (zigzag) Elliott wave structure. The implies lower prices for Monero (XMRUSD). The least projection for the termination point of minor wave C is ~ $163.97, with $52.87 also a possibility for minor wave C to terminate Point of invalidation (POI) of this analysis (not shown in this chart) is Monero closing below ~$149.93 instead of going back to the target area indicated on the chart.
BITFINEX:XMRUSD
by Coin_Analyst
Bull flag or Ascending triangle?Either way i'm extremely bullish on XMR Monero has always been a great asset to hide money from anybody on earth and i think people will keep using it for this wonderful reason. So this trade is very simple, we're talking about a 230% increase (risk/reward ratio completely insane) Entry should be around 0.027-8 First target around 0.05 Second target 0.09 Stop loss is at 0.026, because lower than that could mean a retest of 0.019 We are consolidating high with low volume so when the buying volume starts increasing the trade will be confirmed.
Long
by lomaxrex
2
Another LEG UP is expected in MONERO / BTC !!!technical analysis: MONERO, is in Up trend. The price is now above the 21-Day WEMA which acts as a dynamic support and prevents from more losses. DAILY RSI is 52 and above a support level. In H4 RSI there is a strong downtrend line and as long as bullish exit is not happened Price will drop more. Trading suggestion: There is possibility of temporary retracement to suggested support zone (0.0272 to 0.0242), if so, traders can set orders based on Price Action and expect to reach short-term targets. .Beginning of entry zone (0.0272) . Fibonacci level 23.6 % .Ending of entry zone (0.0242) . Fibonacci level 38.2 % Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Hammer" or "Trough" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons : (We have started to prepare these lessons in TradingView. If you want us to continue, give us feedbacks!) Take Profits: 1. First target is at 0.0320 2. Second target is at 0.0320 3. Without target
Long
by ForecastCity
6