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Xmrusd

Monero, Bearish Wave-Count To Approach Pivotal Zones!Hello, Welcome to this analysis about Monero, we are looking at the 4-hour timeframe perspectives. Monero in recent times initiated a bearish reversal after pulling back of the 335 resistance bearishly. The pullback reaction seen here was somewhat stronger than the one seen in other cryptocurrencies especially the highest market-cap ones like Bitcoin or Ethereum as well as other altcoins, this shows how the divergence between the currencies is increasing and therefore Monero has an increased bearish edge at the moment compared to the other currencies omnipresent in the market. As when looking at my chart now we can watch there how Monero pulled to the downside bearishly to test the 292 Usd Level and it is possible that here comes a little bounce to the upside however as Monero has this strong local resistance within the structure marked in my chart in red there is a high likelihood given that Monero pulls back bearishly from this resistance to continue its wave-count to the downside and emerge with the wave C in the structure as shown in my chart, this wave C will continue till appropriate support has been reached which is given within the considerable back-up-structure marked in blue where a bounce and back-up can show up, in this case, it will be crucial on how strong this bounce will be and if Monero manages to stabilize further above the structure to move on higher because when this does not happen and Monero increases bearishness to move below this zone it will lead to a bearish continuation within the bearish-continuation-zone and Monero will emerge with the wave-C-extension. For now we should expect the bearish developments to spread further and keep prepared for these possibilities. In this manner, thank you for watching my analysis about Monero and its main structure with incoming bearish pullbacks and its determinations to expect, support the analysis with a like and follow or comment for more market insight! "Astonishment is the basis of reverence." Information provided is only educational and should not be used to take action in the market.
X
by VincePrince
7
XMR- RE-TEST TREND - SCALP LONGHello trading friends, XMR can show a Re-test LONG trend for scalp trading to 335+ This trend will have an SL of 320, if this target hits with time frame XRM could return into a breakdown trend, before that trend XRM is still into an uptrend. Manage the risk always fine. ✅Like and subscribe to not miss a new idea!✅ Thank you # Manage always your risk, nobody knows the future - all depending on Data, trends, and whale effect All our charts are not advice and you are responsible for your own investment Have a great day!
Long
by watchtrend
1
Monero XMRUSD - Weekly cup and handle! + New ATH +1000% gains!- It is a right time to buy Monero, because of the cup and handle formation! - Target is 1:1 fib trend-based extension - 1000%! in next leg up, so be prepared. - RSI is ready for a pump and once we reach all time high, we should accelerate in speed. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
BITFINEX:XMRUSDLong
by UnknownUnicorn2537518
4
XMR Sell a break setup.XMRUSD - Intraday - We look to Sell a break of 253.8 (stop at 260.1) Bearish divergence is expected to cap gains. Pivot support is at 254.3. A break of bespoke support at 254, and the move lower is already underway. A lower correction is expected. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. Our profit targets will be 235.5 and 230.5 Resistance: 265.0 / 270.0 / 275.0 Support: 260.0 / 254.0 / 250.0
KRAKEN:XMRUSDShort
by Signal_Centre1
Monero XMRUSD - Weekly cup and handle! + 1000% gains!- It is a right time to buy Monero, because of the cup and handle formation! - Target is 1:1 fib trend-based extension - 1000%! in next leg up, so be prepared. - RSI is ready for a pump and once we reach all time high, we should accelerate in speed. - For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓ - If you want to see more of these ideas, hit "Like" & "Follow"!
BITFINEX:XMRUSDLong
by UnknownUnicorn2537518
18
XMRUSD analysis (request for jreback)This was more of a request from another member @jreback Just to be clear I'm not trading this market right now. First thing I see is the ascending wedge that formed back at the start of July, this is one of the only types of Break out patterns I trade to the Upside as it generally offers great Risk to Reward and fast price action with very little market structure to clear to the left. How ever the failure on the squeeze saw selling pressure take over and win this battle so more downside coming. Current market structure is a slow bleed as we find new lows, the support level marked is formed from structure back on the uptrend a few months ago. One thing i noticed is the large volume spike over the last few days didnt really have the price action you woul expect and noticing 5 short candles with large wicks to the upside tells me a lot of that volume spiking is sellers pushing price down as there is obviously a large supply at that level. Im assuming this may continue to bleed lower over the next week or so and would look for a new reaction on the candles when coming to that support level around 171. Watch those 2 small circle areas from the lower support of this range, an early break could see a much faster drop imo.
XShort
by DeNomics
Crypto Consolidating TighterAs time marches on past the most recent crypto crash virtually all the major cryptocurrencies are consolidating into tighter and tighter ranges. Whe price consolidates it builds up momentum. The longer the consolidation typically the more violent the move to break it. Do not be lured into the best of reasons from the smartest of people that there is only ONE way for price to go. The cold hard fact is that anything can happen and bullish or bearish is a 50/50 probability. Position yourself accordingly.
BITFINEX:LTCUSD
by norok
5
Wink for a friendHi, Here is a possible long trade for XMR on the 4H. Maybe... An ascending triangle has formed. With a lower highs and nearly flat top. On the 1H, the RSI is above 50. it has bounce on it recently (06.07.2021, 01h00). On the 4H, the RSI is also above 50. Relatively neutral. I see higher high and lower high on the RSI (Maybe it is a sign of bullishness) Stoch is also bullish on the 4H, just cross up. I think it can be a possibility to buy around the trend line, joining the lows. This is not financial advise.
Long
by danywaystrige
💡Don't miss the great buy opportunity in XMRUSD @monero Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (199.27). . 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 46. Take Profits: TP1= @ 222.66 TP2= @ 244. 05 TP3= @ 274.92 TP4= @ 307.92 TP5= @ 344.90 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 ❤️
Long
by ForecastCity
9