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Monero pushing higher before the Red Sea? Hi all, this is my first publication. Hopefully you like my content. Feel free to give me your thoughts in the comment section! Disclaimer: These are my thoughts and opinions, not financial advice. With Monero's atomic swaps being released I believe we will see an increase in utility and hype across the board. But like most hype ... it is short lived. Not to mention, atomic swaps are a relatively new technology that is still under development. For instance, atomic swaps are currently only one way (BTC->XMR) with future plans of making them bilateral. Also, given we in the early development stages of atomic swaps, their dedicated swap software is vulnerable to unexpected bugs. I personally agree that swaps are a turning point for Monero to hit its potential. Theoretically, an implementation of XMR swaps with any other coin could keep all the eggs in your basket nice and untraceable. In short, Monero can potentially provide the privacy and anonymity that many tokens lack. Now as for the chart, I see price action heavily mimicking the previous bull run. We can see a rising head and shoulders formation along with similar behavior (from feb 2018) around the current resistance (turned support) area. In the midterm, I see the current fundamentals driving price higher where I will be taking some profits off the table. Although I wasn't able to document my buy at $220 in the most recent dip, I aim to be transparent going froward and document the entire process. Also, a higher drive in BTC as miners recover from the china ban can also prepare XMR to make that next move higher. However, since price is so closely mirroring the 2017 Bull run, I believe this surge will be followed by a dip to our most recent local minimum of around $180 area before rising to make a lower high and confirm a downtrend in XMR. Moving forward, to truly see monero shine, the team will have to invest time on making their product more user friendly, work out the bugs, and build liquidity. Monero is a strong project backed by provable mathematics, cryptography, and security which is why I will most likely be buying around $190 and DCA at $120 or below if the opportunity presents itself. Thank you.
KRAKEN:XMRUSDShort
by CryptoComputer
Hope Is Kindled: Bitcoin Going into the WeekendFor the first time in many months the price of Bitcoin COINBASE:BTCUSD has pushed a closing bar outside of the Daily Ichimoku Cloud. Using the Daily Ichimoku Cloud indicator on the traditional setting (9, 26, 52, 26) has been an accurate tool in defining the trend of Bitcoin going back over a decade. I even did a study proving that the performance of using this strategy outperforms even HODLing the whole time. The next key indicator to consider Bitcoin properly in a bullish trend is for Momentum (aka Lagging Span, Chikou) to close outside of the Ichimoku Cloud. The price for this to happen in the near term is around 21900. Watch this weekend and into next week for the move to continue. In the meantime... the other major cryptocurrencies to watch are doing similar patterns: Ethereum: COINBASE:ETHUSD Much like Bitcoin price has closed outside the Ichimoku cloud but Momentum still lags. Ethereum becomes full on bullish with time and/or capturing 1700. Monero: BITFINEX:XMRUSD Interestingly Monero is demonstrating MORE bullishness. Monero according to the Ichimoku strategy rules is already full bullish trending outside of the cloud.
Editors' picks
BITFINEX:BTCUSDLong
by norok
14
XMRUSD Bullish Short-Term & Long-Term Monero is showing strenght during the last weeks, compared to the general crypto market. So Macro looks strong for XMR even during these times of Crisis. As for the short-term price, we could easily reach 300$ , before consolidating sideways for a period. The price-target for the next 4-6 months should be around 500$ , since we clearly broke out of the Falling wedge and thus indicating 500$ as probable Target to complete the larger breakout of this Pattern. I have tentatively and roughly drawn a line with several swings, at different Key FIB levels (just for the sake of the larger picture) So that's it, just press the Buy button, take your coins of exchange and Relax this Spring & Summer!
KRAKEN:XMRUSDLong
by samideluxe
2
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (144.8). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 148.8 TP2= @ 153.3 TP3= @ 157.1 TP4= @ 161.3 TP5= @ 164.0 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
XLong
by ForecastCity_World
4
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (144.8). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 148.8 TP2= @ 153.3 TP3= @ 157.1 TP4= @ 161.3 TP5= @ 164.0 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
XLong
by ForecastCity
XMR/USDT - SHORT----- Welcome, dear followers! ----- - Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns. - For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me. - If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero. - Today's deal is shown in the chart, and here are the entry and exit points below. -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. -- ------------------------------------------------------- ⚡️⚡️ XMR/USDT ⚡️⚡️ Exchange: Binance Futures Trade Type: Breakout (Short) Leverage: Cross (1.0X) Entry Orders: 1) 143.05 - 100.0% (63.64626 USDT) Take-Profit Orders: 1) 140.62 - 80.0% 2) 138.62 - 19.999% Trailing Configuration: Stop: Breakeven - Trigger: Target (1)
Short
by Mahdicryptodotma-pro
Monero (XMR) above other cryptosI believe that Monero will see a strong appreciation due to its focus on privacy. Lately, the governments of certain countries are hunting the basic freedoms of their citizens... After breaking through a wedge and a resistance line, the price did not fall below the 0.214 retracement: Another point to note is the dominance over other crypto assets. And on the XMR/BTC chart we had important supports tested and not broken, and at first the price has a bullish bias. That's why I have a bullish bias for this asset.
KRAKEN:XMRUSDLong
by andre_007
2
XMR/USDT - SHORT SMALL PROFIT BUT SURE----- Welcome, dear followers! ----- - Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns. - For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me. - If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero. - Today's deal is shown in the chart, and here are the entry and exit points below. -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. -- ------------------------------------------------------- ⚡️⚡️ XMR/USDT ⚡️⚡️ Exchange: Binance Futures Trade Type: Breakout (Short) Leverage: Cross (1.0X) Entry Orders: 1) 141.2 - 100.0% (48.98652 USDT) Take-Profit Orders: 1) 137.9 - 80.0% 2) 133.12 - 19.999% Trailing Configuration: Stop: Breakeven - Trigger: Target (1)
Short
by Mahdicryptodotma-pro
XMR moneroEverything everywhere is still set up to go down, fibonacci relations from previous months are still valid turn around levels, It all depends on wave principle guidelines and where they finally complete. WXY chart labeling can always X-Z in formation, an potentially infinitely expanding interval of waves. WXYXZ as a complete structure can form an X wave followed by a Z wave These placements are in line with Fibonacci time sequencing and Fib leveling based on measurements of previously completed waves
XShort
by williamdas
XMR/USDT - SHORT BEAR----- Welcome, dear followers! ----- - Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns. - For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me. - If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero. - Today's deal is shown in the chart, and here are the entry and exit points below. -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. -- ------------------------------------------------------- ⚡️⚡️ XMR/USDT ⚡️⚡️ Exchange: Binance Futures Trade Type: Breakout (Short) Leverage: Cross (1.0X) Entry Orders: 1) 134.62 - 100.0% (48.94603 USDT) Take-Profit Orders: 1) 123.62 - 80.0% 2) 112.21 - 19.999% Trailing Configuration: Stop: Breakeven - Trigger: Target (1)
Short
by Mahdicryptodotma-pro
XMR USDT one last pullbacki will enter an order for a short position on XMR at 158.5$ (current price 157.30$) STOP LOS S if 4h candle closes above 160$ which is a 0.8% loss the risk of 0.8% is minimal,so i will use 3x.max loss 2.4% TAKE PROFIT will be 151.5$ which is 4.4% and 13.2% with leverage. i believe that in the next couple of days some manipulation at the price of ptc will come and see 19150$ which means that overextended alts will dip too. if the order is not executed and the situation changes,i will update the idea here. FOLLOW FOR MORE!
XShort
by POWcharts
What is the BEST performing cryptocurrency of this Bear Market?I am sure that someone could point out some obscure POOPCOIN with a price of 0.00000000000001337 that has had some meteoric rise recently but among the BLUE CHIP cryptocurrencies that are well established, well capitalized, and have proven use cases Monero BITFINEX:XMRUSD continues to outperform both Bitcoin BITFINEX:XMRBTC and Ethereum BINANCE:XMRETH for 2022. I have been talking about this for months trying to let people know. The contrarian in me loves the fact that everyone is being willfully ignorant of this apparent sleeper.
XLong
by norok
1
#Monero Flatlining and Bearish, will Bulls hold above $140?Past Performance of Monero XMR is stable in the past 24 hours and week of trading. The Monero candlestick arrangement in the daily chart points to fizzling downside momentum and resilience of buyers, a net positive for bulls. Nonetheless, despite the horizontal movement of prices since August 19, the coin is within a bear breakout formation, and the probability of prices swinging back to bearish remains high. #Monero Technical Analysis From the daily chart, Monero prices are stable and buyers firm. However, prices are within the August 19 bear candlestick, reaffirming the presence of sellers from an effort versus result perspective. Therefore, in the immediate term, and since prices are in range mode within a $20 zone with caps at $140 and $160, traders may search for liquidating opportunities below August 19 highs at $160. On a safer approach, traders can wait for a clean break below $140 to trade with the trend in affirming losses of August 19 with targets at $125, the 61.8 percent Fibonacci retracement level of the June to August 2022 trade range. Any expansion above $160 with rising participation levels will cancel this bearish preview, allowing another alignment in price action towards $200. What to Expect from #XMR? Monero is down roughly 10 percent from August 2022 highs and within a $20 range. Bears remain in charge, and any dip below $140 will confirm losses of August 19 in a bear breakout formation. Resistance level to watch out for: $160 Support level to watch out for: $140 Disclaimer: Opinions expressed are not investment advice. Do your research.
XShort
by Bitcoin_Analyzer