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Xmrusdanalysis

XMRBTC hitting the support of wedge | A good buying opportunityPriceline of Monero / Bitcoin cryptocurrency is moving within a falling wedge and hitting the support of wedge and also hitting the bollinger bands support. Last time when the price action hit the bollinger bands support and wedge's support it produced more than 18% profit. But as the MACD is strong bearish and stochastic is in bear cross so we should wait for stochastic to give bull cross or MACD to turn weak bearish then buy. Volume profile of complete wedge is showing less interest of traders below the wedge's support. I have defined targets using Fibonacci sequence: Sell between: 0.00721235 to 0.00772725 Regards, Atif Akbar (moon333)
Long
by moon333
1
XMR/USDT MONERO UPTREND DONT MISS IT EASY PROFIT !!!Hello guys. Welcome to Technical Analysis on MONERO (XMR) which is one of the next big things (not judging by the rumors), but technical and fundamentals. After Zcash it's a second best privacy coin made. We have seen Monero is sidewalking since December, pretty much at the same range (0.0120-0.0135 sats), but since volatile as usual, #XMR will gain masin coming days. Lets rollback at the beginning. Lowest low on XMR was 0.012 BTC/XMR in August, November and December last year. Since than, as per technicals and either TA or FA analysis continually bullish as sidewalking, but keeping the trendline. Judging as per technicals : Weekly oversold, monthly oversold, yearly... :) Stochastic RSI is uprising on weekly /(looking very sharp on daily basis), Daily Stoch RSI on very bottom in front of daily bullish cross. MACD confirms bullish momentum. When talking about fundamentals, there are roomors that privacy coins will be more and more popular in time. Speaking of that and having on mind XMR bulletproof fork which brought siginificant improvements as : To hide the amounts of a transaction one needs to provide commitments to values instead of the values themselves. These commitments need to ensure certain properties, the most important of them being that the sum of the outputs is not larger than the sum of the inputs. In other words, if a transaction has two inputs A and B and two outputs X and Y, we need to show that A+B - (X+Y) >= 0 without revealing any of the values. This is not a very hard problem in principle, but it becomes hard when your system is susceptible to overflowing. This occurs when numbers are stored using a fixed amount of space, and means that if a number becomes too big it will simply disregard the most significant bit. Then, an attacker could choose very large values for X and Y, making A+B - (X+Y) >=0 because overflowing, while in reality A+B - (X+Y) is far less than 0. To overcome the problem above people use range proofs, which basically prove that a commitment correspond to a number in a certain range, but without revealing the number. This way, an attacker cannot use very large numbers. Unfortunately, these range proofs require (if I understand correctly) a separate ring signature for every bit of the number, making them particularly heavy in terms of space. Bulletproofs are a replacement for range proofs that use far less space. I do not have a good understanding of the internals of bulletproofs, so I cannot explain them and this comment However, Zec is a carrier of ZK Snark protocol (Zero Knowledge) it allows anonymity or transparency in the same time/upon users choice (with further network upgrades), but has 100% obfuscation, (as bulletproof fork on XMR, only even better). Speaking of XMR (Monero), JP Morgan refused XMR in favor of ZEC considering it only valuable asset for 100% private transactions. There is a rumor also that ZEC will be @SwissBANK 21.century currency, but its too early to talk about it. I would like to clarify one thing for the people who say " BTC is the KING" and other nonsense stories. Biggest run of XMR was from 87 to 450$. One more important thing to add is that we need to understand where Bitcoin is going in order to understand how altcoins will behave, because i've seen bunch of people posting wishful thinking TA's in order get followers. XMR in the meantime during Bitcoin consolidation and run uptrended for 30% over Bitcoin . That would be 43% nominal USD gain (if you have invested 100$ on btc 4000 XMR current price), you would have 143$ worth of XMR since exponential growth and ratio change. Now, after B is pretty much stable on 5000$ range +, expecting XMR to shoot up as it does making over 100$ per XMR (as making parabolic slope upwards) and makes huge gain. If you find this TA and FA usefull, feel free to press like and follow. Constructive comments are welcome, ideas and every type of criticism of course. Don't hesitate to leave your comment in comment section. Good luck and happy trading :)
Long
by milanjelic
15
XMR. Possible turnaround from $ 50-57After a long correction that lasts a year, I think that the time has come for changing the trend. There are several facts that speak about it 1. The price is approaching the first liquid zone of this coin. This is visible in horizontal volumes. Also, if you take a detailed look at the history of this coin, it is clear that just after consolidation in this area on August 19, 2017, the growth began to $ 470 and significantly increased volumes: Also, note which rebound was when the price dropped into the price zone of $ 85-95. From this price zone, a rollback of 60% began. This price zone is much weaker than $ 50-57: 2. In my wave analysis it turns out that in the price zone 50-57 $ the global wave C, which is equal to wave A, ends. Wave C consists of 5 waves in which the proportions and wave (v) = waves (iii) * (0.382): From this price zone, the first goal of $ 89 is the ultimate goal of this $ 150 idea. When the price approaches the critical price zone, I will put an idea on a shorter timeframe for the probability of working out this scenario.
Long
by P_S_trade
1
XMRUSD to increase by >20% if BTC remains stableMonero is on a downwards trend for the moment, however a reversal is just around the corner based on TA. Also, Fibonacci retracement shows a perfect match in the past, showing that the swings between the 2 support and resistance lines were indeed a valid trend. For the moment, XMR is testing the support, if it breaks it, it might continue to go down, but it wont be an aggressive move. On the other hand, bouncing back up will show that the lower support has a lot of strength and the price can shift to higher grounds for some weeks on. Let me know if you think Monero's technology is bettar than BTC's?
BITFINEX:XMRUSDLong
by TotoParasca
2
Monero (XMRUSD): 3 crucial info. to keep in mindThe 4 hour timeframe chart of Monero (XMRUSD) is shown in this analysis and commentary based on the numbers indicated on the chart is given below: (1) This is a falling wedge (diagonal) chart pattern that captures the price of Monero (XMRUSD) from the peak in price at ~$477.00 to current date. Also noted within the chart pattern is another falling diagonal if the dotted blue lines starting from ~$298.63 on March 5, 2018 is considered with the bottom red line for the wedge. The bottom of the wedge did provide support on December 21, 2017 and most recently on July 10, 2018, hence making it valid. A falling wedge pattern is ideally bullish and a close outside of the outer wedge (top red line) as indicated on the chart implies bullish action in Monero. (2) Resistance in Monero (between ~$196.93 and $174.07) as shown here does intersect the top line of the wedge (also resistance). It is therefore very important to pay attention to this region in order to be able to better assess the potential for further bearish action or resumption of an uptrend. (3) ~$87.50 and $68.01 is identified in this analysis as the support region in Monero with price respecting the lower and upper boundary of support. The latest, successful test of the support region is provided by downward price spike (on July 10, 2018), which also coincides with the bottom of the falling wedge indicating strong support for Monero. The conclusion of this analysis therefore is that Monero is considered to be in a downtrend to a side trend (at best). Chances of entering a long position is better established at the close of price above the upper line of resistance ($196.93) and above the upper line of the wedge.
BITFINEX:XMRUSD
by Coin_Analyst