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Xmrusd

XMRUSD: Trend Reversal SignalThe price bounced from 45.00 support level. RSI confirms the price reversal. MACD histogram supports a possible upward movement. We have a trend reversal signal based on a bullish divergence. It is possible to buy based on this signal, but it will be better to wait for a breakout above the main downtrend line. If the price can move above the trend line and SMA100, it will give us another bullish signal. This trade will be good if you want to catch a new uptrend movement.
KRAKEN:XMRUSDLong
by DLavrov
1
XMR/USD LONGXMR/USD XMR is another pair with USD facing a falling wedge form. XMR recently hit the bottom of the wedge and bounced with a strong green wick in a bullish direction. This was also the touch of the top of a strong support zone. I expect the bounce to continue here to rock outside the wedge and hit T1 at $51. The stoch has already crossed bullish and RSI has bounce off oversold. Right now, everything is pointing upward and I expect the rise to continue. Look for a touch of the 50 MA at T2 at $55, then on to the final target above the 100 MA at 60. Expect a top close to here as we reach the previous bounce high, recommended to take profit following the according profit lines. Possible Entries: $47.00-47.40
KRAKEN:XMRUSDLong
by altchicasignals
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
Is it the beginning of the end or the end of the beginning? #10Bear markets create strong cryptocurrencies. Strong cryptocurrencies create bull markets. Bull markets create shit coins. And, shit coins create bear markets... Since January 2018, It has been almost 2 years bear market! I know so many people has been keeping their zombie bags from 2017. Is there any hope? Yes, but not for most of them. If you are still really thinking that You can get quick rich by only learning trading methodology, buying all the altcoins, You will be regret here. There is no easy money in crypto… it’s all about working hard and trading smart. Knowing your win-rate is also the key! What about BitMonero or Monero? Due to its privacy features, Monero experienced rapid growth in market capitalization and transaction volume during the year 2016, faster and bigger than any other cryptocurrency that year. This growth was driven by its uptake in the darknet market, In the first half of 2018, Monero was used in 44% of cryptocurrency ransomware attacks! 2019 - 2020 ? I am not a Fundamental Analysis ( FA ) expert but I can easily say that It looks awful on technical analysis ( TA ) Strongly believe that I can find many coins on better risk & reward ratio. As long as XMR is below 0.01 BTC , it is not worth to keep for a long term. In the meantime, I already put over 14 $BTC buy order on alt-coins ( You already know it if you are following me on twitter . If you haven't yet, You should do it right away to catch great tips to make so much crypto profit ) . It has been the best time to accumulate right coins! It reminds me between Nov 2016 - February 2017. ( Around 0.005 BTC, i put my first buy order for it tho - At that time, I will be watching closely) PROTIP: Let me tell you the secret of crypto !!! If you want to get a lambo, trading/holding is not the only way! Not happy with results, Change your mindset! So,what should you do? -Be a part of coin projects -Be a part of exchange projects -Give crypto workshops -Follow me on twitter -Run a BTC ATM
X
by CryptoEngineering
Monero Price Analysis: Sustainable RecoveryMonero has posted double-digit gains following a strong bullish reversal from $45.00. The cryptocurrency is now attempting to recover from an eight-month trading low. The XMR/USD pair had declined by over 30 percent since the start of November and is currently trading around 58 percent below current 2019 trading high. Technical analysis shows that the XMR/USD pair is still technically bearish over the short and medium-term, however, signs are emerging that the recent recovery could be sustainable. The four-hour time frame shows that a small inverted head and shoulders pattern has recently been triggered, with the $65.00 level the overall upside objective of the bullish pattern target. A rally towards $65.00 would also help to create a much larger reversal pattern that could eventually send the XMR/USD pair towards the $85.00 level. The daily time frame shows that sellers tested the top of a falling wedge pattern during the recent decline, with buyers successfully defending the technical test. The daily time frame shows that the XMR/USD pair will be in a prime position if buyers can accelerate the recent recovery towards the $78.00. This would help Monero recover above its 200-day moving average and reclaim its technically bullish status. The Relative Strength Index on the daily time frame shows that the recent recovery is pulling the coin away from oversold positions. According to the latest sentiment data from The TIE, the short-term sentiment towards Monero is neutral at 56.50 percent, while the overall long-term sentiment towards the cryptocurrency is neutral at 33 percent. XMR/USD H4 Chart by TradingView Upside Potential A break above the $91.00 level would have the August 8 swing-high at $98.00 as the strongest form of technical resistance. The daily time frame currently shows four lower price highs, making a break above the most recent swing-high, at $91.00, technically very important. The daily time frame highlights that the XMR / USD is trading below the 50-day moving average, at $87.00, but above its 200-day moving average, which is found at the $74.50 level. Downside Potential The four-hour time frame is showing that the XMR/USD pair has strong medium-term technical support around the $52.00 and $48.00 levels. Critical long-term technical support for the XMR/USD pair is located at the $45.00 level. Summary Monero has staged a strong recovery from an eight-month trading low owing to the broader cryptocurrency market. A sustained rally above the $65.00 level would help encourage traders to continue to buy the XMR/USD pair, with the $85.00 level the medium-term upside objective.
XLong
by CryptoBriefingTA
Don't miss the great buy opportunity in XMRUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (52.17). 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 60. Take Profits: TP1= @ 59.85 TP2= @ 66.80 TP3= @ 81.60 SL= Break below S2
POLONIEX:XMRUSDLong
by ForecastCity
10
Don't miss the great buy opportunity in XMRUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (52.17). 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 uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 60. Take Profits: TP1= @ 59.85 TP2= @ 66.80 TP3= @ 81.60 SL= Break below S2
POLONIEX:XMRUSDLong
by ForecastCity
10
XMR and XMRBTC various views A turn in XMR seems to be in. Both the XMRUSD and XMRBTC are signalling a bottom. Multi year support seems to be holding. (fake break below got bought up) Tapped low end of VPVR. Movign back to 1.09B High volume node, and has unfinished business up until 1.5b mark. Has been following fractal since early sept perfectly. DeMark 1D: Perfected 9 and S13 triggered. More DeMark analysis folllowing in posts below DeMark on 2W timeframe XMRUSD: 2W Perfected 9 buy signal (the perfect 9 sell worked beautifully 18 weeks ago). DeMark on 2W timeframe XMRBTC Cluster of A13, C13, and S13. DeMark on 1W timeframe XMRBTC Perfected 9 triggered, on green 4 out of 9 currently. Also really clean break and retest out of falling wedge. (see daily as well) DeMark on 1D timeframe XMRBTC Cluster of A, C and S13's triggered and active. Move to 0.008 High volume node likely. Break and convert that, move to 0.011 next.
CRYPTOCAP:XMRLong
by Sebastiaan-
4