📉Hi Traders, Investors and Speculators of Charts📈 If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1. Monero / XMR is an altcoin that still has massive upside potential for the coming bull season. But when analyzing Monero, I...
XMR is closing monthly November candle with very bullish price action which implicates there should be more upside in December. Always manage your risk and use stoploss. Not a financial advice...
The money flow within the Monero ecosystem has recently picked up, leaving me wondering whether we should continue trading this cryptocurrency. Over the past few weeks, Monero has shown signs of increased activity and market interest. The trading volumes have surged, indicating renewed enthusiasm from investors and potentially creating new opportunities for...
According to our current Monero price prediction, the value of Monero is predicted to drop by -2.32% and reach $ 164.17 by July 6, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 59 (Greed). Monero recorded 21/30 (70%) green days with 7.04% price volatility over the last 30 days. Based on our...
🔸 A descending channel has been distinguished. A descending channel indicates a next move up in case if price breaks out. XMR/USD targets a move to 174 while above 172.5.n above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. We may consider buying at the current price zone and targetting higher level.
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 ...
XMRUSD has fallen to the Monthly middle Gaussian Channel Band This has been proven as a support level since 2015 This area is a great candidate for a strong reversal
#XMRUSDT has the potential for an uptrend to 134$ SL 123.10$
On the hourly chart, #XMRUSDT has the potential for an uptrend to $135
In this market situations, it is a huge risk to making trades. However, if you are one of the risk lovers there is a trade option. Do not trade before 4h close above the enter price.
Viewing the Gravestone Doji that has previously formed on the middle band and the candle that followed we can make some assumptions based on the current gravestone doji As the current Gravestone Doji is at the upper band we can assume a dump to the middle band (comparable to the previous drop) Gravestone Doji's are considered very bearish This is the Monthly timeframe
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (226.7). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (226.7). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSDT is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a...
XMR breakout Symettrical triangle . wait for retest on $174-$175 and we can setup entry Privacy coin new trend now! Growth buyer volume. make a new momentum after pump Expecting upward movement from here back to try resistance trendline🚀 Stoploss : $168
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (149.67). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (149.67). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSD is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a...
Similarities can be seen within the 1.618 fib circle both in the square / rectangle and the touch of price on 1.618 level Tried to make this fun by making the circles eyes and drawing a tongue out, to create the smiley face