Xmrusdbuy
XMRUSD formed bullish Shark | Upto 29% bullish movePriceline of Monero / US Dollar cryptocurrency has formed bullish Shark pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 52.949 to 49.193
Sell between: 56.295 to 63.804
Regards,
Atif Akbar (moon333)
XMRUSD forming bullish Shark | A good long opportunity
The priceline of Monero / US Dollar cryptocurrency is forming last leg of bullish Shark pattern and soon it will be entered in potential reversal zone insha Allah.
This PRZ area should be used as stop loss in case of complete candle stick closes below this zone.
Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone.
I have used Fibonacci sequence to set the targets:
Buy between: 54.991 to 53.916
Sell between: 55.705 to 57.596
Regards,
Atif Akbar (moon333)
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.
XMRUSD - DAILY CRYPTO - 15. JULY 2018
WELCOME TO DACAPITAL TRADING!!
XMRUSD just started moving as expected, quick Timeframe breakdown for free and everybody.
1 HOUR
Strong bullish reaction after taking out 118.350 Key level
4 HOUR
Bullish Closure above our main Trend-changing resistance Zone expecting further movement upside
LEVELS
BUY XMRUSD @ 124.940
SL @ 119.720 (4.2 %)
TP @ Open
Trendtrading without TP Level!!!
We´ll move our SL Level every Day and ride the Wave be patient*
Enjoy our limited Free Content and Setups,
leave us a like and Comment!!
DACAPITAL TRADING