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)
Xmrusd
xmrusd xmrbtc is about to hit bottomwell xmrbtc looks not as good as xmrusd so it could be better to hold on to btc but this is very low compare to xmr history.
This is due to banning dark coin from a lot of cex exchanges, but i am sure there are group of people who would want dark coin for sure.
best time to buy is when it goes above 68 dollars. otherwise only aggresive users can buy partially, and slowly with stop-loss set at the lowest price.
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XMRUSD - short-term reverse zoneAs we can see after reaching second target of AB=CD at 61,8% Fibonacci retracement of AD around 100$, we are facing short-term downtrend. So it is time to identify possible local minimum or reverse zone. Take a look at last downtrend movement. If we create Fibonacci extension of this movement we can see possible support at point 2. This point is also crossed by support line of bullish flag. Also our first possible local minimum point can be value of 63$. Long-term horizontal support line is around 60$. There is a small chance to reach lower minimum in short-term point of view. RSI created minimum in oversold zone around 15 points - the same movement as the last time.
XMR/USD - Bigger Correction In Progress??Hello traders,
It seems as though we are heading towards a more complex correction.
We will likely make a triple flat correction combined to make one big complex pattern before we either break down to make a new low or correct the complex flat and reverse into an uptrend.
Either way, we will have to re-evaluate the price action as time goes by.
If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below!
Please don’t forget to like & follow.
Thank you,
Good luck
XMRUSD has formed bullish shark | Upto 24% profit potentialPriceline of Monero / US Dollar has formed bullish shark and entered in potential reversal zone.
RSI is oversold.
Stochastic has given bull cross.
I have used Fibonacci sequence to set the targets as below:
Buy between: 79.020 to 74.088
Sell between: 83.276 to 92.993
Regards,
Atif Akbar (moon333)
Don't miss the great buy opportunity in MONEROTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (86.00). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 97.00
TP2= @ 106.25
TP3= @ 120.87
SL= Break below S2
Don't miss the great buy opportunity in MONEROTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (86.00). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 97.00
TP2= @ 106.25
TP3= @ 120.87
SL= Break below S2
XMR - ADAM & EVE PATTERN READY TO EXPLODE - CryptoManiac101XMR / USD TA
ADAM & EVE pattern is looking ready to explode in coming weeks. Take at leas 5% Risk to 29% + reward
XMR schiff-pitchfork, break up into the median channelThis is my first foray into charting (be gentle)...;)
Looks like the price action is aligning well with the channels above, has just droppped out slightly from the median channel, only on low volume
I would expect it to hover here for the next day or two and then maybe break to the upside, needs good volume to overcome a confluent resistance at $95, but the overall trend should support such a move.
As this is my first use of charting and Schiff Pitchfork, if I have made any errors please let me know...here to learn and feedback is welcomed.
TIA