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).
Xmrusd
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
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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XMRUSD formed bullish Shark | Upto 29% bullish movePriceline of Monero / US Dollar cryptocurrency has formed bullish Shark pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 52.949 to 49.193
Sell between: 56.295 to 63.804
Regards,
Atif Akbar (moon333)
XMR These are too many factors influencing growth.
Everyone is looking for a good entry point to Short.
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.
Get out of XMRImminent 'monthly' 20/50 MA-Cross, consistent lower highs for 2 years straight. Exit your long position or balance your trade. Strong-Sell (short) initiated for XMR to 27 with lows of sub 24 within 3 months. Possible quick rebound from there but general down-trend to continue long-term.
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
XMR/BTC TA Update (Bullish Inverse Head & Shoulder Pattern?)XMR/BTC
Monero is at the edge of completing the Right Shoulder of the Inverse H & S pattern. If price can break above 7660 sats,
Expect further upside movement as the market structure will turn from bearish to a bullish uptrend.
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.