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Monero Price Analysis XMR / USD: Power StruggleMonero / USD Short-term price analysis Monero has a bearish short-term outlook, with the cryptocurrency tumbling to its lowest trading level since May 2019. The four-hour time frame shows that a major bearish breakout has now occurred, with XRM/USD bears triggering a head and shoulders pattern into action. Technical indicators are bearish on the four-hour time frame and continue to issue sell signals. Pattern Watch Traders should note that the bearish pattern has a downside projection of around $37.00. Relative Strength Index The RSI indicator is also bearish on the four-hour time frame, although it is attempting to correct from oversold territory. MACD Indicator The MACD indicator has turned bearish on the four-hour time frame and continues to generate a sell signal. Monero / USD Medium-term price analysis Monero retains its bullish medium-term outlook, with the cryptocurrency still trading above its trend defining 200-day moving average. The daily time frame is showing that a sizeable head and shoulders pattern is also in play, with the $43.00 level the overall target of the bearish pattern. Technical indicators on the daily time frame are bearish and continue to issue a strong sell signal. XMR / USD Daily Chart by TradingView Pattern Watch Traders should note that an inverted head and shoulders pattern is still present on the daily time frame. The overall downside projection of the bearish pattern currently in play would fail to invalidate the larger bullish pattern. Relative Strength Index The RSI indicator has turned bearish on the daily time frame and is now issuing a strong sell signal. MACD Indicator The MACD Indicator on the daily time frame is bearish and is currently generating a sell signal. Conclusion Monero could start to come under increasing technical selling pressure as the bearish head and shoulders pattern across both time frames unfolds. The key development to watch will be how far the downside in the XMR / USD pair extends and if bears can invalidate the huge bullish pattern on the daily time frame.
KRAKEN:XMRUSDShort
by CryptoBriefingTA
$XMR - Monero Market Recap 7/12Hello traders Here's a side by side weekly and daily time frame of $XMR Monero against US dollar. As you can see on the weekly, the price has been moving in-between a range of support and resistance from 82 to 120 USD. We attempted two weeks to break above the 120 region of resistance but failed, which took us back to the 82 region, and currently trading slightly above this level of support. On the daily time frame, we have formed a nice ascending trend line which seems to hold pretty well as of right now, as the price is still consolidating in-between 98.5 USD which is also a daily level of resistance and 82.5 USD being the daily support region. I have highlighted the consolidation area with a grey rectangle, that also confluences with the ascending trend-line that I mentioned above, even though I believe we could see some stop hunts towards the likes of daily support region. However if we manage to close above the trend-line it would still indicate another push higher. Thus, a clean break and close above the daily resistance will take us towards 120 weekly level of resistance. Knowing that the BTC dominance is currently at 65% and raising, a downside move of BTC would also mean bearish for XMR. Even though it seems like this is not the case, a break and close below the consolidation area on daily could take us towards $72.5
BITFINEX:XMRUSDLong
by UnknownUnicorn3394555
2
Critical moment, Cup and handle or not ???See my related idea below. I think Monero has the best fundamentals over any other crypto. Monero is one of the best crypto project. Low fee, untraceable, fungible, deflationary etc.. Monero is the real synonym of decentralization. Monero is what bitcoin was supposed to be in first hand, and it works. Do not miss your chance to grab some xmr at such price. ( SERIOUSLY) You will regret it someday. technical analysis looks clean with a possible cup and handle pattern. Volume is slowly growing. Here is my tip : watch for the volume. It will be your sign. If we break out 120$ish, do not hesitate and BUY. You shouldn't even wait for a breakout. This is electronic untraceable cash. It has a value that you can't even imagine. We are finally our own bank.
POLONIEX:XMRUSDLong
by UnknownUnicorn3595641
1
Monero printed a strong long signalThis is to hold long term, not for swing trading. Daily is showing some clear support on the daily 50 Smma, after having spent the bear market below it (except for false breakouts that lasted only some days/week). The pattern is clearly showing more buyers than sellers, raising over this blue Smma and using it as a support. The Smma 200 in pink is more resistive, but buyers are pressurizing it more and more. No golden cross yet, but with patience it should be created soon. Regarding the weekly, Monero finally created a false breakout of 2 weekly candles on the major Smma, after having pressurized this moving average during 5 consecutive weeks. Super encouraging, the bottom of December looks very clear, to me. Bear in mind major alts might take some time before finally taking off, and important volatility is to be considered. Do not expect to be rich in a week, or get out of this market. Patience, education about particular coins like Xmr is what is needed to survive and eventually make money.
KRAKEN:XMRUSD
by Giovi6969
3
Monero vs Bitcoin bull marketThe red areas mark when 50 days MA is below 200. I use it a primary indicator or of a bull/bear market. The last bull market for Monero started a half year later but then – despite not catching up at the beginning – it grew **16 times faster**. Monero is currently the best privacy coin, and privacy coins by many are viewed as "the next big thing" since privacy is the most essential missed part in Bitcoin: Some people bullish on privacy coins: www.ccn.com twitter.com twitter.com It's worth mentioning that also Libra (Facebook currency) and "JP Morgan coin" mention privacy as an essential feature even if it's a bizarre promise from a regulated company that surely cannot deliver that with government approval. Monero has also dramatically quickly falling emission schedule. This year, it will become one of a very few PoW coins minded slower than Bitcoin. This is excellent fundamental information since it decreases selling pressure on the market. Overall, I'm very bullish on Monero, and I bet that especially with the current divergence in price, it will outperform Bitcoin once again.
POLONIEX:XMRUSDLong
by klos
A second Chance to Buy in XMRUSDMidterm forecast: 98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 74. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (98.50). if so, traders can set orders based on Price Action and expect to reach short-term targets. *If you missed our first HUNT, you have a second chance to buy above the suggested support line (98.50). Entry signal: Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 14 BUY trade(s) @ 49.70 based on '2-Day Hammer' entry method at 2019.03.12. Total Profit: 74244 pip Closed trade(s): 20380 pip Profit Open trade(s): 53864 pip Profit Closed Profit: TP1 @ 56.70 touched at 2019.03.31 with 700 pip Profit. TP2 @ 65.50 touched at 2019.04.02 with 1580 pip Profit. TP3 @ 76.30 touched at 2019.04.02 with 2660 pip Profit. TP4 @ 88.65 touched at 2019.05.15 with 3895 pip Profit. TP5 @ 100.00 touched at 2019.06.19 with 5030 pip Profit. TP6 @ 114.85 touched at 2019.06.22 with 6515 pip Profit. 700 + 1580 + 2660 + 3895 +5030 + 6515 = 20380 Open Profit: Profit for one trade is 117.03 (current price) - 49.70 (open price) = 6733 pip 8 trade(s) still open, therefore total profit for open trade(s) is 6733 x 8 = 53864 pip All SLs moved to Break-even point. Take Profits: TP7= @ 137.95 TP8= @ 149.10 TP9= @ 168.70 TP10= @ 230.10 TP11= @ 298.90 TP12= @ 372.35 TP13= @ 447.10 TP14= Free
KRAKEN:XMRUSDLong
by ForecastCity
2
A second Chance to Buy in XMRUSDMidterm forecast: 98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 74. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (98.50). if so, traders can set orders based on Price Action and expect to reach short-term targets. *If you missed our first HUNT, you have a second chance to buy above the suggested support line (98.50). Entry signal: Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 14 BUY trade(s) @ 49.70 based on '2-Day Hammer' entry method at 2019.03.12. Total Profit: 74244 pip Closed trade(s): 20380 pip Profit Open trade(s): 53864 pip Profit Closed Profit: TP1 @ 56.70 touched at 2019.03.31 with 700 pip Profit. TP2 @ 65.50 touched at 2019.04.02 with 1580 pip Profit. TP3 @ 76.30 touched at 2019.04.02 with 2660 pip Profit. TP4 @ 88.65 touched at 2019.05.15 with 3895 pip Profit. TP5 @ 100.00 touched at 2019.06.19 with 5030 pip Profit. TP6 @ 114.85 touched at 2019.06.22 with 6515 pip Profit. 700 + 1580 + 2660 + 3895 +5030 + 6515 = 20380 Open Profit: Profit for one trade is 117.03 (current price) - 49.70 (open price) = 6733 pip 8 trade(s) still open, therefore total profit for open trade(s) is 6733 x 8 = 53864 pip All SLs moved to Break-even point. Take Profits: TP7= @ 137.95 TP8= @ 149.10 TP9= @ 168.70 TP10= @ 230.10 TP11= @ 298.90 TP12= @ 372.35 TP13= @ 447.10 TP14= Free
KRAKEN:XMRUSDLong
by ForecastCity
2