Monero (XMRUSDT) short.All description on the chart.
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Xmrusd
XMR WAVE 5 potential /quick swing trade74-76 Stop loss 81-84 TP on swing. potential to really move with the 5th wave of the elliot wave set up.
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XMRUSD - The prospect of continued growth 20/02/2020Friends, support this idea with your Like and any Comment. Thanks.
I expect the completion of the correction for XMRUSD and the continuation of price growth within the framework of wave 5.
Trade entry, take profit, stop loss levels are available to participants of the SAV Trading Room.
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Don't miss the great buy opportunity in XMRUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (79.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XMRUSD is in a uptrend and the Continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 145.90
TP2= @ 120.95
TP3= @ 96.90
SL= Break below S2
Don't miss the great buy opportunity in XMRUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (79.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XMRUSD is in a uptrend and the Continuation of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
Take Profits:
TP1= @ 145.90
TP2= @ 120.95
TP3= @ 96.90
SL= Break below S2
Keep an eye on the Monero. The Bitcoin replacementWe are on the long term resistance. If it breaks out, you can expect 100-120ish or even higher.
Set XMRUSD to your alert. Fundamentally, Monero is better than bitcoin . Give it time and XMR will take over the market. Get in early and HOLD.
or
trade that beast when it breaks out.
The only issue in this pattern is the lack of volume IMO. Need more volume for a powerful break out. Remember that we are in crypto Volume can pop out of nowhere ...
Monero (XMR) Price Prediction 2020 | Complete Long Term AnalysisLong Term Bearish Move:
The price action of Monero has been moving down with strong bearish trend since Jan 2018 after hitting the highest price of Dec $477.
In the meanwhile it has been giving us many short term and midterm trading opportunities but on a bigger view it has been down and finally touched $38.50 in Dec 2018 that is the lowest price from Dec 2019 up till now which is more than 91% loss.
Since Jan 2020 the Bollinger bands on month chart is getting squeezed and priceline is moving sideways indicating that the price action might have found a support here.
Formation Of Parallel Channel And Double Bottom:
On week chart after hitting the $38.50 price the price action has found the support at $44 and since Dec 2018 the price action is consolidating here and moving sideways.
In the meanwhile the candle sticks are moving up and down and formed a parallel channel and the resistance of this channel is at $121.
Now we have 9 touches at resistance and 12 touches at support, this channel is very firm as the resistance or support are not broken since Dec 2018.
This time after hitting the support the price action is again bounced to hit the resistance soon.
Here we have also a double bottom formed by the price action which can lead to breakout and a very strong bullish move.
Oscillators and Momentum:
On week chart the moving average convergence divergence is turned strong bullish and RSI has already visited the oversold zone since May 2019 to Nov 2019 and when the price action took bullish move in Nov then after some bullish move it took some corrective move and pulled back and went in oversold zone again then turned strong bullish again.
This RSI move is very healthy which confirms the firmness of bullish trend on the other hand momentum is also turned strong bullish and we have received this strong bullish signal from momentum after Mar 2018.
The Harmonic Move:
The strongest signal in favor of bulls is the formation of harmonic bullish BAT pattern on month chart.
This pattern was started since Nov 2016 and now it has been completed, lets have a look on the pattern how perfect this pattern is formed:
The initial leg (X to A) was started in Nov 2016 and completed in Dec 2017 after 1st leg the price action has retraced between 0.382 to 0.50 Fibonacci (here I have ignored some extra spike), then B to C leg is projected between 0.382 to 0.886 Fibonacci projection of A to B leg and finally we have C to D leg which is retraced between 0.786 to 0.886 Fibonaaci and this is the potential reversal zone of this BAT pattern. Now from this PRZ area we can expect the bullish divergence at any time and realistically the price action can easily hit the 0.382 to 0.786 Fibonacci projection area of A to D leg and the buying and sell targets would be as below:
Buy between: $107.43 to $60.58
Sell between: $219.65 to $389.87
So this trade has potential to give upto 357% profit
Regards,
Atif Akbar (moon333)
XMR / BTC +30% potential profits setupPrice completing double bottom pattern, now fixed above its resistance it can go up very hard.
Monero Is The Second Coming of Bitcoin “Monero is what Bitcoin noobs think they bought, which is fungible, digital, sound money.” - Dr . Daniel Kim
Personally, I feel that Monero is what Bitcoin wants to be and is trying to be. As the crypto market matures we should expect Monero to take a permanent spot in the top 5 on market cap.
$XRM - New move for daily trade ?Crossing area with :
- Ascending Trendline
- Symetrical Triangle
Not a Financial Advice
Monthly EMA ribbon & Daily MA 600 offer resistance to MoneroHere are some details. We are possibly in a Wave 1 for XMR. We are having a possible W formation on the weekly chart.
Short term i see a retracement...
Trap Zone for Fomo fishers : 89.60$ to 103.57$
Buying zone : 74.55$ to 56.77$
1st Target to reach 206.30$ at the 0.382 fib
2nd target to reach 306.81$ 0.618 ... (if o.382 fib confirmed a support on a daily close) (Counter trend rally).
XMR/USD vague 3 objectif 68 usdLe Monero est en ligne pour aller chercher une résistance long terme situé aux alentours de 73 USD.
La vague 3 en violet à son premier objectif vers les 68 USD. Si cet objectif devait servir de résistance et renvoyer le cours vers le bas nous reviendrions vers les niveaux actuel pour démarrer une vague 5.
Dans une vision plus long terme le précédent plus bas au niveau des 57 USD nous permet de positionner un bas de 4 avec comme objectifs maxi aux environs de 74USD.
Je pense qu'il y aura un échec sur ces niveaux qui nous renverra entre 50 et 60 USD avant de reprendre sur une hausse plus forte encore.
Bon trade
XMR Buy Signal Weekly IchimokuWeekly buy signal (solid green candle) through the ichimoku cloud has been a clean signal for monero in the past. I wouldn't be surprised to see $100 XMR by the end of March.
XMRUSD Buy SignalPattern: Channel Down on 1W.
Signal: Bullish as the Lower High trend line broke. If it fails to get detached from the 1D MA200, then expect a 1 month consolidation first.
Target: 95.000.
XMRUSD - Buy 14.01.2020Friends, please before reading, support this idea with your Like and any Comment, thanks.
You can buy XMRUSD from 56-52
Stop-loss 49
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xmrusd 8hour chart best level to buy 60%//120% gain prjsyndicateshort term next 2-4 weeks
bear mode very likely
don't expect gains
best level for buy/hold
traders near 34//40
up to 120% upside
target bulls 34//40.
right now if you want to trade xmrusd
look to short sell any rips.
upside very limited from here.
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