XMRUSD forming bullish Shark | A good long opportunity
The priceline of Monero / US Dollar cryptocurrency is forming last leg of bullish Shark pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 54.991 to 53.916
Sell between: 55.705 to 57.596
Regards,
Atif Akbar (moon333)
Xmrusd
XMRUSD formed a bullish BAT upto 119% expectedPriceline of Monero / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone to hit the sell targets soon insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Price action is hitting the lower band of bollinger bands after Dec 2018 therefore we can expect a bounce from here, but volume profile is showing still interest of the traders even below the PRZ level and MACD is strong bearish and Stochastic is oversold but in bear cross so for secure trade we should wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 56.193 to 47.953
Sell between: 75.903 to 105.462
Regards,
Atif Akbar (moon333)
XMR Monero. No chances: Sell ag BTC !Hi, Traders ! How is it going ?
Monfex is on the air !
Do you still hold Monero (XMR) in your portfolio ? If yes, than better hurry up with Selling it ag BTC. Of course, if you will find the arguments in favor of this idea convincing enough after reading our analysis.
Just take a look at 1W Chart of Monero (XMRBTC):
* The price is going down relentlessly without the slightest hint of upcoming bounce up or the short-term upward correction.
* It became obvious for most market players that Monero is losing value too quickly and there is yet enough space downstairs in relation to BTC.
* Technical indicators give just a little information since the downtrend is extremely persistent.
* In such conditions, it is better to get rid of XMR as soon as possible Selling it ag BTC @ the level of 0.007 - 0.008.
Watch for our Updates to get real-time superior signals!
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Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
XMR/USD BustedVery unfortunate. Impressive how one single weekly-candle can change everything (it's always been this way).
XMR has two support levels waiting to "catch" it's fall. Breakout above support #1 is considered bullish. Top PSAR series are now far away from current performance, and considering the peak distance between the 50 and 200 moving averages (marked pink), it's likely to choose support #2 as it's bottom.
For those in a loss, a quick reverse to 62'ish is possible (to close long-positions/enter short positions), but downtrend will continue. Personally I would step aside form this for a while. LINK/BTC and XBT/USD have much clearer indications.
(lines and connections have been averaged with step-line on linear)
MONERO (XMR/USD) | 9-20% Growth Potential!Hi,
Monero (XMR) has started to make a breakout from the bullish chart pattern called "Falling Wedge". The bounce came from the upwards trendline and hopefully, it guides the price to the higher levels.
The trade gets confirmed after the Daily candle close above the upper orange trendline and the first target should stay around $85. Second and a bit riskier target stays around $95.
So, wait for a confirmation and pray that Bitcoin does not fall :D
Regards,
Vaido
XMR/USD: Surprise SurpriseThis should simplify the analysis for everyone. It's my first look at XMR/USD today (ever), and all I can say is that I give it a super-bullish sentiment (check out my other posts, I don't do this often).
All technicals check out: BB, MA, RSI, MACD, PSAR, Candles and even Parabolas . Parabolas are great for revealing trend changes inside a trend flow . Especially in this chart it's clearly visible (marked "bullish signal"). Once a stock exits a 'parabolic resistance' trend line, it follows it (tightly packed) on the outside. This signals an imminent breakout as it sits and loads on top of the 'parabolic support' trend line.
I'm giving it a price target of 170+ by early 2020 (Jan/Feb), the ATL could be cracked by mid 2020 (May/Jul). And once the last resistance has been taken out, there is not much that could hold this down until a theoretical price target of near 3000. This is measured by connecting a trend line from the ATL peak, parallel to the 'lower trend line' (forming a 'channel'). This is obviously still in the stars, but for now let's aim for that ATL.
Monero at supportmonero is a great crypto currency and has great potential for trade right now. because we have a clear downward trend line and also a horizontal support that has a lot of significance. it acted as resistance back in april and it is also the 61.8% fib level from 38.620 bottom to 121.524 top i suggest to buy with one quarter of your capital and put a stop sell order at 65usd price. after breaking up, trail stop-loss until stopping out.
**trail stop loss: move your stop-loss higher as price moves higher.
Monero, some long term stuffI absolutely love this asset because i find it most enjoyable to chart. Here are some arguments for what you're seeing :
1- From the lowest low (dec18) to high (jun19) we just hit 50% retrace and made a bullish harmonic pattern, think about it.
2- Clear sellers exhaustion
3- Rounding action on higher time frames
0035 - Short XMRUSDPrecio de Entrada:
Stop-loss:
Objetivo Mínimo:
Objetivo Máximo:
Razonamiento:
- Niveles de retroceso Fibonacci trazados desde el mínimo hasta el máximo del año en curso.
- Soporte a los 73 USD roto. Se buscan operaciones cortas en consecuencia.
- El setup consiste en operar el test del nivel invertido. La entrada se encuentra justo por debajo del nivel invertido (soporte convertido en resistencia) y también se encuentra debajo del nivel 61.80% Fibonacci. Lo que implica que existe confluencia.
- El stop se encuentra significativamente por encima del soporte roto y justo por encima de un antiguo mínimo semanal (30/11/2017) que ahora es resistencia.
- El objetivo mínimo se encuentra justo antes del nivel de retroceso Fibonacci 78.60% y antes también de un nivel invertido (ahora soporte) en los 57 USD apróximadamente.
- Se reserva el objetivo máximo para el caso en que el precio cierre por debajo de los 57 USD. La caída del precio a éstos niveles me llevaría a asumir la reversión completa del movimiento alcista de principios de Feb. 2019, por lo que el objetivo estaría alrededor del mínimo anual.
XMRUSD has formed shark pattern | A good long opportunityPriceline of Monero / US Dollar cryptocurrency has formed a bullish shark and entered in potential reversal zone.
I have defined targets using Fibonacci sequence as below:
Buy between: 81.23500000 to 79.22000000
Sell between: 83.88172959 to 88.81193575
Regards,
Atif Akbar (moon333)