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Xmrusd

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
Monero (XMR) to $380 before June? Never say never! Monero is a really interesting coin to me. I've been watching it for a while. It seems to be one of the few coins that is very-much anti-hype, and relies heavily on actual usage, community funding, and other measures of "organic growth". For a coin that has been battle-tested and around since 2014, you'd think it deserves a much higher price-tag! But where others see lackluster performance, I see one of the comfiest longs of all time. The risk/reward is insanely attractive. You can own >1/1millionth of the supply (until ~2040), today, for $4000-5000. This proportional network share is greater than or equal to (depending on when you compare, due to Monero's tail-emission) owning 21 bitcoins on the bitcoin network (currently worth more than $1,200,000). Locally I see a potential bull-flag. But on a longer time-frame, there is undeniable fundamental backing that makes it impossible for me to ignore Monero (XMR). Let's review some facts : 1) Monero is cheaper to use than Bitcoin. I have been looking at the stats from Monero.how to get accurate data on median transaction fee for the last 100 tx's on both monero and bitcoin. Consistently, monero is LOADS cheaper to broadcast. Currently, XMR median-fee is $0.0121 compared to BTC's median-fee of $28.6950 during the same time-frame. 2) Monero is faster than Bitcoin. XMR Average Block-time: 2 minutes! compare this to bitcoin's average block-time which has been only as low as 7.5 minutes in the past 3 years, and as high as 15.6 minutes, with the average 5-times as long as monero's around ~10-minutes. 3) Monero has faster proportional transaction-growth than bitcoin. Again, you can source this data from many sources but I choose to look at the stats on monero.how on a daily/weekly basis, personally. Take a look at the section in the middle titled Monthly transaction count . Monero has been doubling year after year while bitcoin's transaction count stagnates. Likely due to the bitcoin-maximalist narrative shifting from "A Peer-to-Peer Electronic Cash System" to a so-called "store of value" or "digital gold", instead; this narrative shift is likely fueled by the slow block-time and increasing fees pricing out most practical use. 4) Monero has built-in consumer protections. Monero is the only truly digital-cash crypto out there. It provides consumer protection so powerful that the IRS wants to crack it and the darknet is dropping Bitcoin entirely . Now, some people view monero's use in illicit activity as a bad thing. I would like to remind you that Bitcoin comes from the exact same background, with it being the only payment option on darknet-markets for years, and anybody who isn't buying Monero due to regulatory/illicit-use concerns will also have missed buying Bitcoin when it was worth <$1000 as during its early years the same exact regulatory concern existed. Furthermore, the corporate adoption of Bitcoin has not even been stopped by ugly, immutable facts (that people seldom like to discuss for obvious reasons) like this Sit back, and enjoy the ride, my friends. DeFi and NFT are the hype right now, but Monero is inevitable. The price has doubled even after the bittrex-nothing-burger delisting scare (seriously? we lost <0.1% of daily volume) because Grayscale has announced their potential monero trust All of this is going to look so obvious in hindsight. It just moves slowly. I think buying 1.87-18.7 Monero, at least, if you can afford it, will most likely lead to a fantastic return on a local timeframe for USD and almost certainly on a longer time-frame (yearly) as companies like Chainalysis continue to further control transparent blockchains and investors seek consumer protections like the privacy that monero offers. That being said: this is not financial advice; I am not a financial advisor. All investments are inherently risky and there is a possibility of losing all of your principal investment. I think that covers the legal bases ;)
BITFINEX:XMRUSDLong
by chickenboye
8
Bearish third wave for XMRUSDWave 3 is coming. I'm learning to use the elliot waves but yea 3rd wave. * Wave 2: Common retracement levels * 61.8%-78.6% of wave 1 (golden zone, most common) * May also be 23.6%, 38.2%, or 50% * Wave 3: Common extension levels * 161.8% extension of wave 1 (most common) * May also be 127.2%, 200%, 261.8%, 361.8% * Wave 4: Common retracement levels * 38.2%-50% of wave 3 * May also be 14.6%, 23.6% (sometimes 61.8%, but it must not retrace below the wave 1 top) * Wave 5: Common extension levels * 50%-61.8% extension of waves 1-3 * 161% of wave 4 * Equal length of wave 1 (COPY AND PASTED TO CLEAR UP THINGS)
KRAKEN:XMRUSDShort
by dashingodds
9
Monero (XMRUSDT/XMRBTC) Potential Long Setup 2021/03/05Long Trade Setup #1: False Breakdown 1. Price Action: Price breaks below the then rapidly climbs above $170, forming a bear trap 2. Trade Entry Confirmations: A breakdown candlestick  followed by a reclaiming candlestick, above average volume on both breakdown candle and reclaiming candle, MACD bottoming DISCLAIMER: I am NOT a financial advisor and this post is NOT financial/investment/trading advice. I am simply sharing what I am doing, and I will not be responsible for any actions you take based on the analysis and comments that I provide. The cryptocurrency market is extremely volatile, and you WILL lose all your money if you are inexperienced! DO NOT risk any money that you cannot afford to lose and always be cautious and manage your risk! What are your thoughts? Please leave your ideas and analysis in the comments below! Do give the post a like and a follow.
X
by cryptotraderog
1
EW Analysis: XMRUSD Monero May Face A Deeper Corrective DeclineHello traders! Today we will talk about cryptocurrencies, specifically XMRUSD Monero in which we see quite clear pattern. We will talk about its price action from technical point of view and wave structure from Elliott Wave perspective. Well, if you are familiar with Elliott Wave, then you know that after every five waves, a three-wave pullback follows. And, as you can see, seems like Monero may have a completed 5th wave, especially if we consider strong and impulsive five-wave drop from the highs, which can be an indication for a deeper, higher degree A-B-C correction that can send the price back to the previous wave 4 and 120 support level. Currently, it looks like it's just in a slow three-wave (A)-(B)-(C) corrective rally within wave B that can find the resistance ideally here around 240 - 260 zone and from where we should be aware of another sell-off for wave C. Invalidation level is at 288 highs. Bu humble and trade smart! If you like what we do, then please like and share the idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITFINEX:XMRUSDShort
by ew-forecast
2
Monero XMRUSD: Bullish Setup to Catch a Swing Move XMR dropped nicely to a major daily support cluster. The price was nicely rejected and now we see a classic bullish accumulation on 4H with a sequence of equal highs and higher lows. To catch a bullish continuation, wait for a bullish breakout (4H candle close above) of 227.0 resistance. Then buy aggressively or on retest. Your goals will be: 251 272 In case of a formation of a new lower low on 4H, setup will be invalid.
KRAKEN:XMRUSDLong
by VasilyTrader
10
XMRUSDT - SqueezeA very tradable set-up in our team! Accumulated position in the blue zone pushes up the resistance level! P/P - 1/5 You will learn the best place where we can trade this instrument at low risk. Write in the comments all your questions and instruments analysis of which you want to see. Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
Long
by Yuriy_Bishko
21
XMRUSDT (MONERO) - POTENTIAL BUY ENTRY ANALYSIS 🔎 - XMRUSDT was resisted by the descending trendline resistance. - Price brokeout above the descending trendline resistance. - Price then retraced to the key fibonacci retracement levels (0.5 - 0.618 - 0.786). - The retracement is bounded in the bullish flag pattern. - There's an uptrend potential. BUY ENTRY ⬆️ - Breakout above the bullish flag's resistance. TARGETS 🎯 - Horizontal resistance level (R1). - Fibonacci extension levels. - Horizontal resistance level (R2). SETUP INVALIDATION ❌ - Breakdown below the 0.786 fibonacci retracement level.
XLong
by Chibuike_Odoh
2