Bearish flag on downtrendBased on the observed chart patterns and my technical analysis, I strongly believe that XMR (Monero) is poised for a downtrend in the near future. Exercise caution and consider implementing risk management strategies when trading.Shortby FATHX220
It looks like Toro wants to reach $500It looks like Monroe wants to get the 500 back M onero is currently in a weekly bearish channel t hat it has reacted to three times. It seems that the daily support line can help Monero break out of this bearish channel. In this case, it can reach 500 dollars or even more.Longby DSasan4
Monero: 2 potential buy opportunities at this levelNot advice, jus sharing my thoughts on the what I see as a very good buy opportunity now and another chance to load u on a retrace. Longby Stewart_G1
Channel Bottom Hit - Long Position Executed | Monero XMRUSDTFollowing We have hit the bottom of the trendline. Long position triggered: First Profit Target: 187.00 (previous high) Second Profit Target: 195.00 (channel high) Stop Loss: 115.00 (previous higher low) Risk/Reward ratio: 3.78 XLongby DavoodWadi3
Monero in a Bullish ChannelSimilar to KUCOIN:MATICUSDT , a bullish channel has formed for KUCOIN:XMRUSDT . A touch of the lower trendline could see a bounce back up to the upper trend line. Price action in KUCOIN:XMRUSDT is more conservative than other alt-coinsXLongby DavoodWadi4
XMRUSD: double top pattern?A bearish trend is applicable. The ideal short entry is around 162.50. Increase the short exposure for a break below 155.00. The target price is set at 140.50. The stop-loss is set at 173.00. The double top pattern might set the target price even lower. Shortby Peet_Serfontein1
DOW ANALYSIS ON MONARO/USDThe Dow Theory is a well-known financial theory developed by Charles Dow, the founder of Dow Jones & Company, in the late 19th century. The theory suggests that the market is in an upward trend if one of its averages, such as the Dow Jones Industrial Average (DJIA) or the Dow Jones Transportation Average (DJTA), advances above a previous important high and is accompanied or followed by a similar advance in another average. This phenomenon is known as "confirmation" and is seen as a bullish signal by investors. According to the Dow Theory, if the DJIA and DJTA are both moving in the same direction, it suggests a strong economy, as companies are producing goods and shipping them to consumers. Conversely, if one average is moving in one direction and the other in the opposite direction, it can signal a weakening economy. Overall, the Dow Theory is still widely followed by investors today as a way to analyze market trends and make informed investment decisions.Longby husnainhabib12560
WILL XMR BREAKOUT?Hello Fam!! It's been quite a long time since I've sent out an idea on my charts! Today we are going to look at XMR in the HTF's For the past 242 days, it has respectfully moving within a descending price channel Although it is best for us to Trade the Range Until it Breaks, if this Gem does break upwards, it would be a very good HODL coin. I would be aiming for its last ATH of 558 I will try my best to send out more Ideas for everyone! Oh how I've missed you all! <33333 If you think you've gotten awesome content from my TA, please smash that like (boost) button! It keeps me motivated to continue hitting the charts for y'all!! I'd also love to see requests on any chart you'd like me to look at! So please leave a comment on what Analysis you'd like me to do next! <333333 XLongby marktiu0
XMR/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this XMR /USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- monero (XMR) also surged earlier in the day, as it edged closer to a key resistance level. XMR/USD moved to a peak of $178.15 earlier in the day, which comes less than a day after falling to a low of $169.84. Today’s surge sent monero closer to its long-term resistance level at $180.00, which was last broken on Sunday. As can be seen from the chart, the relative strength index (RSI) is currently hovering below a ceiling of its own at 65.00, with a current reading of 63.25. In order for bulls to take XMR back above the $180.00 level, price strength will first need to surpass the 65.00 mark. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank youXby CryptoSanders95638
XMRUSDTIt is expected that XMRUSDT will rise against the US dollar to areas between 200 and 240 dollars, and the completion of wave c, and then collapse againby KhaldHegazyUpdated 660
XMR USDT SHORT SWING | XMRUSDT | SHORT @ 170 - 160 | TP @ 158, 156, 154, 152, 150 | SL @ 180 | PATTERN = DESCENDING TRIPLE BOTTOM BREAKDOWN | BINANCE | Swing trade idea. Kindly follow targets and stop loss. Will update with new targets once all 5 are achieved. BYBIT:XMRUSDT.P BINANCE:XMRPERP OKX:XMRUSDT.P BINGX:XMRUSDT BINANCE:XMRUSDT KUCOIN:XMRUSDT MEXC:XMRUSDT HUOBI:XMRUSDT COINEX:XMRUSDTXShortby CoindatahouseUpdated 2
XMRUSD - Rejected by Upper Edge of Symmetrical TriangleMonero looks to be trapped inside this symmetrical triangle which has formed after another rejection when trying to break through the upper bounds. There's a nice parallel channel formed for the price to fall back into but it may need a little wiggle romm first based on historical S/R levels. We can see the price reaching the lower edge of the aforementioned triangle but it may take a few days or even weeks, somewhere between 15-20% profit could be expected from this Sell signal from Crypto Tipster v2.Shortby theCrypsterUpdated 2
Monero on Priority WatchI have Monero on top 10 watch. I will just maybe give it a little more time. Very interesting to see over the next couple of weeks.by TheTradersBias0
XMR - Wave 5 Up-move I am long XMR, looking to catch a Wave 5 impulsive up-move targeting $216 / XMR. Longby Bitfreedom_Research1
Monero 1.16.22 Setting up for retest of ath. Monero looks eerily similar to BTC and ETH and GOLD. If it is setting up for a run like gold it will be a slow and steady grind up to all time highs. So many alts have great looking chartsby BrandonrG115
$xmr Posturing with strengthInteresting formation, measured move is calculated in the chart with dashed lines (lol). Only thing on my watchlist jumping out at me ATM... seeking for shelter in utx (utilities) like $aa etc. (STILL WAITING ON SPY TO TAKE A BIT OF A BIGGER HIT.by creengrack1
xmr monero breaking out of its 5 year cup and handlexmr monero breaking out of its 5 year cup and handle. Messured move is $400 areaLongby carls18585
Monero #XMR $XMR Simple AnalysisDont over complicate it, especially in a bear market You will see more profits and have a stress free life by keeping it simple Buys only above breakout line or at the channel lows around $40 Especially with Jupiter Pendulum tagged red Look for a green tag on the breakout to confirmXby NickofJupiter2
Monero Recaptures Key Retracement LevelMonero KRAKEN:XMRUSD continues to outperform the other major cryptocurrencies through this crypto bear market cycle. Last week Monero entered a bullish trend when both price and Momentum (Lagging Span/Chikou) closed above the Daily Ichimoku cloud. This is the confirmation of a new bull trend starting. Momentum has since gotten back inside the cloud but over the weekend Price held the key Level of 139. 139 was the 50% Retracement Resistance of the FTX debacle crash. Price broke the Resistance on November 30th and then came back to retest the level solidly on December 17th now as Support. Furthermore, let's look at Monero's performance relative to others. Measured by the "pre-FTX high" Monero is down -10.37%: Bitcoin remains down -22.48%: Ethereum remains down -29.89%: "Bitcoin is surveillance" As regulation begins to take the center focus of cryptocurrency more users will shift to value in privacy. I'll leave you all with a meme: Longby norok1112
XMRUSD Quick 10% ShortQuite a symmetrical triangle has formed on Monero / USD, indicating some swings back and forth between the highs and lows. We are nearing the pinch point of this triangle but there's still a large amount of wiggle room for a quick 10% short to the bottom edge of support. Keep your stops tight and take the profit while you've got it on this one!Shortby theCrypster2
MONERO LEVELS TO KEEP IN MIND AND HEARTimportrant levels that could signal top and cool off period in the future . could possibly involve a top before bear market Longby accumulationdistribution112
XMRUSD IdeaUsing the Cypher tool I show my view on the prior bull run, which I show is acting as the middle of this cypher structure With the first Initial bullrun being the first leg, and the coming bull run being the next leg of the structure (bars pattern in green) I'm not too sure if this is how the cypher tool is used but it showed my point perfectly so I used it. I don't have a target but If I did it would be way above the 2017 and 2021 highs. Safe to say im bullish on cryptocurrency. by Bixley7