LONG XMR Fractal Turning Point for MONEROGeneral: The market ist resting and preparing for Bullish setups. Bullish on XMR USD and BTC -0.90% pair / Factal Pattern.
About the Fractal: This is a long Term analysis and am very konfident this pattern is going to play out. we currently finished the last zone and are heading into the first uptrend zone for Monero.
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BTC -0.90% / Bitcoin: 1GLr5xkEQonUBquXjLQWoxhT5BSxdTpkur
Xmrusd
Monero XMR 17 % !!Monero Making Expanding Triangle if Price Dropped on the Support Level 0.015800 then we have a Long Position Opportunity.
we Can Place Sell Order 0.018500
Let See , What Will be Next Move.
I hope that Price can fly From Buying zone.
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Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
XMR: 680% gain in the next months?Let's analyze XMR..
- Upward log trend since 2016, ended in January 2018.
- Forming triangle until these days.
- Can the symmetric dashed green line be the other support?
XMR could get back to reach middle green bold line, reaching a 680% gain.
Monero transaction cost went down by 97%After the recent Monero upgrade, mentioned in our previous idea, XMR transaction cost went down by 97%
That is extremely positive news for Monero, which by now, should have already been digested by the market. But at the same time, Bitcoin downtrend could have affected the price of Monero, holding it back from the potential growth. Maybe, after BTC price will find the support, stabilizes or reverse to the upside, XMR will enjoy a fast and strong recovery.
Investors should pay attention to the current price of Monero as it sits right on the support, failing to break below. Currently XMR is trading near very important physiological support, that is $100. Not only it's a round number, but also a Fibonacci level - 61.8% and $88.6%.
It makes it a very strong level, that will not be left without massive attention. Investors are likely to watch the low produced on the October 12, which is $99.55. Daily break and close below, will substantially increase the risk of further downtrend. In that case, price can reach next support at $90.
On the upside, if support will continue to be respected by the market, Monero should reverse to the upside, or at least continue the consolidation. Strong resistance is located at $115 area, which is 61.8% Fib resistance level, that goes along with the high trade volume price. Break above $115 should invite more buyers and price can reach the $125 resistance.
All in all, Monero remains a very attractive coin, especially considering the fact that price remains above the $100 mark. Nevertheless, there was no confirmation of the uptrend, thus making it a risky short-term investment.
XMR/USD from 320% to next ATHHello!
Real goals on XMR higher than last ATH.
ITS NOT financial advice!
XMR looking primed for higher prices! XMR seems to be coiling here as it sits on the demand zone accumulating for a push higher. Volume has scaled back recently so we could very well see some volatility return to the coin once volume returns.
We are, however, below both EMAs and have found resistance on the last touch at the fast-moving EMA. This OB has been a very strong level if we look to the left of this box so XMR should find support here before moving up. If Bitcoin could break above resistance here, it would most likely drag everything else up with it, which would push us up into supply.
In addition, XMR just released its bulletproof upgrade, which has seen fees for withdrawals drop substantially near 0.
Scaling buys in this zone right now is beneficial with stops below the last low at the bottom of the OB.
Thanks guys!
XMRUSD: Lower Triangle break out but requires a support test.Monero has marginally crossed the 1D Triangle on 101.300 (RSI = 42.166, MACD = -2.174, Highs/Lows = -1.3445, B/BP = -3.9142) but not on a strong enough sequence to cross the previous Low at 100.035. Therefore it needs to brek the 96.190 1D Support within the next 4 sessions in order to develop a Channel Down. We are still bearish on the long term with TP = 75.792, 64.104.
Monero is losing his bear powerLet's analize together the monthly timeframe. As you can see, trend is extremely bearish. But, month after month, the bearish power is always lower. September looks like a good Doji. November candle will be crucial to predict the next moves... for now, i just wait a break of September's candle. Good Luck!
XMRUSD: Sideways within the Triangle. Expecting bearish breakoutXMR has resumed the sideways movement within the 1D Triangle (RSI = 50.506, ADX = 31.310, Williams = -48.896) as it failed to deliver a Lower Low below 100.000. We expect a rejection on the 115.780 Resistance and a break-out test at 104.000. Breaking the 96.190 1D Support will pave the way for our long term bearish targets (75.792, 64.104).
XMR having trouble at POCXMR has continued its uptrend nicely on the back of news that its transaction costs dropping down to basically zero, which puts some heat on ZEC.
EMAs have started to turn up and could very well crossover if we can get above this supply zone. Volume has returned somewhat but on this spike up, we got stopped right at the top of the sell block so closing above here could spur another rise in price.
Thanks guys
XMRUSD UPDATE - WHAT DO YOU THINK?ALL I AM SAYING IS I WILL WAIT THIS ONE OUT. GREAT POTENTIAL IN IT thou
trade safe
XMRUSD - UPDATE - BREAK COMING SOONi am expecting a break to in this. it should be a move up, see screen for possibilities
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