Is Monero bound to reach 160$? Here is a my simple trend analysis on Monero, the leader in private fungible transaction. I try to demonstrate how XMR could reach 160$ soon based on trend analysis.
What is your short term expectation and chart pattern? Let me know in the comments below.
XMRUSDT
XMRUSDT🌟this alt has a great potential to give profit to holders
🌟if you take a good look at its fluctuations you will find out the sequence is repeating itself and therefore you can follow the rhythm of the chart
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XMRUSDT facing strong resistance, supp trend faced multiple timeThe supporting trendline has been touching multiple times, if it couldn't close above Tenkan on a 1hr TF, we're expecting a continuation of a downtrend. on a 4hr TF, MACD and TDI have crossed.
Area of Resistance
227.75
224.80
Area of Support
206.10
203.37
Wink for a friendHi,
Here is a possible long trade for XMR on the 4H. Maybe...
An ascending triangle has formed. With a lower highs and nearly flat top.
On the 1H, the RSI is above 50. it has bounce on it recently (06.07.2021, 01h00).
On the 4H, the RSI is also above 50. Relatively neutral. I see higher high and lower high on the RSI (Maybe it is a sign of bullishness)
Stoch is also bullish on the 4H, just cross up.
I think it can be a possibility to buy around the trend line, joining the lows.
This is not financial advise.
XMR volatility coming soon to an exchange near you!
Monero currently in an ascending triangle, given current downtrend the expectation is for this to be a consolidation period before proceeding downwards
Possible upside movement should be accounted for
Either way, wait for a breakout to either side with a safe SL just under broken trendline
Set TP at 50$ deviation from broken trendline (Derived from measuring triangle at widest point)
XMRUSDT Might Be at the beginning of an Uptrend @monero
Welcome back Traders, Investors, and Community!
Hi Traders, XMRUSDT has broken above the major Resistance, however the market is ranging now and I guess we would have a retracement at around 199.27 before we start a new uptrend. The price also may go back all the way down to retest the Resistance before it goes up.
⬆️Buy now or Buy at 199.27
⭕️SL @ 182.99
✅TP1 @ 222.66
✅TP2 @ 244.05
✅TP3 @ 274.92
We will have more FREE forecasts in TradingView soon
❤️ Your Support is really appreciated!❤️
Have a Profitable Day
XMR Analysis of 4y Monero Price Movement and Yearly ExpectationsMonero is probably one of the few old cryptocurrencies that has retained its value in monetary terms, as well have the main old-school function of the crypt - anonymity!
Crypto anarchists who value the anonymity of the crypt, buy XMR and hold for years , and such actions allow the price of XMRUSDT to adequately keep on the global chart.
Today we will look at the XMRUSD chart on a 3D timeframe, touching the previous 4 years of trading and try to look into the future for a year)
In December 2017, the maximum value of Monero was established - $478 . After that, XMR holders had a difficult 3 years (1 year of decline + 2 years of consolidation at the bottom) + 1 year of growth. And now, after +/-1230 days. At the beginning of May 2021, the price of XMRUSDT was able to renew the maximum , setting it at a new level of $519
But literally, a few days later, it became clear that this was just a false breakout of an important level. And already on May 19, when the entire cryptocurrency market was fall, it became clearly visible on the XMRUSD chart at what price XMR investors are ready to buy this asset in addition.
The mirrored level of $115-125 has shown its importance 4 times over the past 4 years. In the fall of May, it was from there that an aggressive buyout took place. The drop of Monero was -75%, which is higher than the average in the crypto market during this period.
However, there is also a positive factor. Today, when the price of BTCUSD is again dropping towards the critical 30K$ and most of the alts are surpassing BTC in the rate of decline, and some are even preparing to renew the minimum of the last month, the price of XMRUSDT is being held with dignity, long-term investors are not selling yet.
What we saw on the chart makes us think and assume that the price of XMRUSD will most likely not fall below the critical zone of $152-162. In this case, a global pattern can be formed on the chart to continue the " Cup with a handle" trend. The upper target of such a figure, after fixing above $500 , will be around $1800 per XMR.
It is also always worth keeping in mind an alternative scenario in case the price of BTCUSDT will drop below $28,000 in the near future and continue to move down, then altcoins will not be able to resist this trend.
In this case, the global zone for buying Monero for the long-term long will be at the range of $50-80
Write in the comments which scenario of price movement you prefer, and what developments you expect.
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XMR/USDT Getting ready to try for breakout XMR/USDT
Forming head and shoulders can try for upper resistances
liquidity looks good and in our favour
ema and ma can cross bullish soon
you can wait for breakout or buy the support
XMR (Monero) - Trade setupXMR looks weak for now, but after a few hours of consolidation, in case the price crossed and closed above the resistance area, you can open your long positions or do a short-term buy and sell and aim for those two targets I've put on the chart.
The first target is the safe one. The second target needs a way stronger volume which I don't see at least for now.
Current Market Price: $213
Good Luck
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XMR - $774XMR is currently trading close to the resistance at $278. If it can break this resistance, we could start seeing a move towards $289, $304, $319, $340, $367 and $445. If it can consolidate above $445, we could start seeing a move towards $570, $696 and $774. Failure to break the resistance at $278 could lead to a drop towards $241 and $198.
XMRUSDTXMR/USDT is one of the alts that shows a strength-breaking downtrend channel. Once XMR clear 200 EMA on a 5hour chart expect the Next tp to be hit.
Keep in mind bitcoin still the king as long btc respect 37k level there is no reason for XMR to hit stoplos.
Anyway, Try to buy some between $275 -$267. Set evenly 4x bids split between this price
Exit If price closes below $253 - $249 HTF
Targets are on the chart
XMR/BTC
XMR Update 1XMR is in a bad tension between the upper and lower sides of the triangle! Depending on how it goes out , the next trend (Up Or Down) would be predictable. Anyway , its not a good time for trade.
Note : Do your own analyze before taking any decision.
XMRUSD 4W: 1000% gains BEST level TO BUY/HOLD(SL/TP)(SWING)XMRUSD 4W: 1000% gains BEST level TO BUY/HOLD(SL/TP)(SWING)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
previously recommended buying low.
READ ENTIRE IDEA BEFORE EXECUTION.
🔸 Summary and potential trade setup
::: XMRUSD 4weeks/candle chart review
::: accumulation in progress now
::: 1000% gains is not a typo
::: potential C*H setup BULLS
::: focus on BUY/HOLD near
::: range lows later
::: right now CORRECTION MODE
::: 50%+ sit it out and buy low later
::: LONG RANGE OUTLOOK
::: this is not for short-term traders
::: accumulation NOT COMPLETE YET
::: 1000%+ gains still possible
::: currently trading near range highs
::: BUY/HOLD setup TP +1000%
::: previously recommended buying low
::: up to 1000% gains possible later
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +1000% gains
::: details: see chart
::: SWING TRADE: BUY/HOLD IT
::: AFTER 50%+ correction!!!
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: PULLBACK/RANGE LOWS
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
XMR in watch listXMR is good to be n watch list. It is talented now to be a market star! But ... We should stay and see...
Note : Do Your own analysis before trading.
How Easily Resistance can Become Support XMRReturn to a strong trendline for XMR
Perfect buying opportunity as this will likely bounce off 1.618 or the trendline drawn
What was previously resistance (1.618) has become a place of support now