XMRPERP trade ideas
The XMR analysis in the coming days linked to bitcoin analysis Hello friend!
Technical analysis
Today we're talking about short cryptocurrencies investment strategy, i want you all know that the exchange is highly strung depended the United States election has started, i've watched all cryptocurrencies analysis, all analysts saying that crypto is nearby to fall down, but i'm actually against them, first this thing that happened to Bitcoin is depended on the price gap located nearby 10240$, i want you to know that is price correction, and monero is the clearest example who tells us that bitcoin will continue bull up, Monero price dropped down in the same time bitcoin dropped down, then monero price was continue to grow up while bitcoin was confined between 11080$ and 10155$, and as you all know that all cryptocurrencies charts is almost the same charts. My idea is telling you that bitcoin price will bull up not fall down, because bitcoin price dropped depended on the price gap and bitcoin will continue to rise depended that monero is rising right now, all this depended on that cryptocurrencies have almost the same charts.
Fundamental analysis
Another reasons that telling us about the big bull candle that will happen soon is the oil price, i you watch the whole exchanges, you will notice that low oil prices make bitcoin fall down, opposite for Dow Jones and Nasdaq exchanges, that telling us low oil prices is good for those Exchanges, before the weekend oil prices had a big bearish candle, and usually after bearish there is bullish, and depended on that bitcoin prices is linked to oil prices, it telling us that if oil prices will have bullish, it will be the same thing for bitcoin, one second reason is depended on dollar price index, the federal reserve had not enhanced the interests rate, that will affect the inflation of united states economy, and if there is inflation, it means that the demands on bitcoin and other currencies will rise compared on dollar index, dollar will get negative effected. a low dollar index means higher bitcoin prices.
But all those positive reasons will not have the ability to affect bitcoin if Trump can't resist corona, if this senatio happen, i think we will watch bitcoin continue confined between 11080$ and 10155$, and this will maybe lead to bearish in bitcoin chart.
XMR BEARISH WARNINGThis is my first public chart analysis. I am assuming we will see a bearsh few weeks once we see the MACD cross over. MFI can be used as a early warning sign. The news about the IRS to help crack the privacy of monero may impact it, but also I can see BTC affect the alt coinsphere once it drop, which bearish momentum is increasing. With Covid in the picture, lock downs are more likely to happen, unemployment may increase, these less money to invest, and that money will be used for essentials. Could we se a crash like we saw in march? I dont know about that. My guess is we may see some support at 60$ if btc drops to 8800$
Monero XMR Multi-year accumulationHHs and HLs on the relative strength ratio XMR:BTC reinforces the idea that we are currently in phase D of a multi-year accumulation on XMRUSD.
Short term, price can spring the support of the local trading range (dotted line) at $70, but the overall price action is very constructive.
We have discussed this chart in our free Wyckoff Crypto Discussion , check out the last episode:
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SMA bullfighting lines.We can see how a process from the past will be repeated. We can see the price of $110 USD in 2 weeks.
Bullish ascending triangle breakout on MoneroLarge multi year bullish ascending triangle breakout on Monero this week. Target is $165
Monero Can Rise Another 20%Monero is in impulsive uptrend that is likely going to continue as current price action from the highs looks like a corrective pause on the way up. Ideally that's a wave four so fifth wave could possibly go even to 120. The first support for wave four has already been touched, but there is still a chance that correction will be more complex. In that case 80.00 is the next support, and even if touched the structure remains valid as long as market trades above 68.00.
Channel breakout for XMRXMR starting the altcoin bullseason??!! :D
People think that the defi hype was an actual altcoin bullrun. Let me remind you most top alts are not even on 1/10 of the max price, we are still deeply in a bear season. Although that could come to an end this year.
XMR attempting to breakover key levelMade a reversal diamond pattern, in a rising wedge on the RSI with room to spare overhead.
WEEKLY analysis of Monero/US dollar Hi friends
the weekly chart of this market shows that it will experience an uptrend in the coming days but we must be vigilant of the change from direction to opposite
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XMRUSD Weekly Global Resistances on the VergeThe final final boss. Already broke the best fit downtrend line months ago (first signs of rebound). This one is more like confirmation preceding massive breakout. Lines only valid on weekly. RSI corroborating uptrend, 50/100 MA crossover imminent. XMRBTC weekly corroborating.
XMRUSD-monero coin head and shoulder+rising channelXMRUSD
After reaching the 100.00 level the price got rejected and formed a head and shoulder pattern has formed. 98.415 is a major resistance level for the bull
Right shoulder was formed on September 01 and felled up to 74.400 level which is a low volume area and bounced back. And formed series of HH HL HH HL in rising channel. As we see the bull has losing its strength.
Currently the price is trading above 50,100,200 exponential moving average. And Ichimoku cloud is acting as support for the minor bullish run. At the time of writing this idea minor bearish engulfing candle is forming at 4 hr timeframe
It has reached the minor trend line which will support the minor upward moment until 98.400.From this level we can sell this crypto and the subsequent targets will be 90.000 comes with 50% Fibonacci and 81.000 comes with 78.6% Fibonacci retracement level. And the swing target will be 74.00. Stop lose may placed above the 100.00 level
This will give as a 1:12 risk reward ratio
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Xmr on a small timeframe. Could get above 100 tonightXmr on a small timeframe. Could get above 100 tonight
Monero kinda like a Monaro right about now! XMRUSDLower lows, beginning of impulse wave identified. Does not look like a corrective pattern. NFA.
I have identified nice points on the Fib Extension.
Anyways, I am longing this one once again.
I will be following this space closely.
