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XMRUSD trade ideas

XMRUSD More rise ahead or pull-back to lows?Monero (XMRUSD) has been very strong since the February 25 Double Bottom as it almost reached the early January High. In doing so, it broke above the Lower Highs trend-line of the May 07 All Time High (ATH) and the 1D MA200 (orange trend-line). It is possible that within this month, it will form a 1D Golden Cross (when the 1D MA50 (blue) crosses above the 1D MA200). The last time the price broke above such a long-term Lower Highs trend-line and formed a 1D Golden Cross after, was in early 2019 when Monero and the whole market was starting to recover from the 2018 Bear Cycle. The difference is that in 2019 it peaked just below the 0.5 Fibonacci retracement level after forming the Golden Cross, while now it has already come very close to the 0.5 Fib without having formed the Golden Cross. The question is, are we too soon or too late on the fractal? The RSI on the 1W time-frame seems to support that we are too soon and there is still room to rise, despite having almost reached the 0.5 Fib already. Basically it looks quite a lot like the Golden Cross of May 2020, when the market was recovering from the March COVID flash crash. In both cases, the price always tested the 1D MA50 before rising any further and that is what we are expecting to happen here before a new rally to the 0.618 Fib at $307.00. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
KRAKEN:XMRUSD
by TradingShot
1
Miners inching closer to triggering this double bottom.Looks like if this triggers it should head to $240. Luna has already reached its double bottom measured move target and the market as a whole has only recently switched from the downtrend correction back to an uptrend s this all increases the probability of this double bottom on mongers both triggering and reaching its measured move target. Of course yas always you should always wait for confirmation of the breakout. I don’t own any modern but couldn’t resist charting this obvious double bottom scenario. *not financial advice*
KRAKEN:XMRUSDLong
by DrDovetail
2
Monero Breaking out on the weekly - catalyst for Privacy coinsMonero is breaking out of the largest cup and handle structure in the Crypto Industry and the MACD is turning green on the weekly This breakout will turn into a long-awaited catalyst for the entire privacy coin sector. It has been a quiet sector all this Bullrun due to FUD and bad news. The current political climate has shown the world the need for privacy coins or at least given attention to it. My second privacy coin investment is a coin called: XTA/ITALO, Which is doing a rebrand into SYFER, fully homomorphic encryption with smart contracts, basically a fully private Ethereum network with barely any fees. The best part is that the market cap is less than 100.000 USD due to marketing not beginning until the Rebrand is done, which is within a couple of weeks. Good luck, everyone, and don't miss out on this privacy coin run!
KRAKEN:XMRUSDLong
by Tshanot
Is Monero XMR Truly Anonymous?Monero is a cryptocurrency launched in 2014 to provide crypto users with an anonymous Blockchain platform. It is a decentralized cryptocurrency that utilizes a public distributed ledger embedded with privacy-focused technologies to achieve anonymity. It is also an open-source network that ensures that observers cannot decode transactions and activities regarding its cryptocurrency. Monero’s blockchain design is unique, and all transaction details from sender to receiver are kept private. Despite possessing similarities with popular cryptocurrencies like Bitcoin, Monero is quite different in its operation. It currently has the largest community of developers, behind Bitcoin and Ethereum. Like Bitcoin and Ethereum, users can mine Monero, and the process is purely egalitarian. The native and governance token of the blockchain is Monero (XMR). At the launch time, the developers did not reserve any XMR for themselves, as they relied solely on community support.
KRAKEN:XMRUSD
by prevcentbrungong
Monero up by 30%A report that United States President Joe Biden will soon sign an executive order regulating cryptocurrencies sparked a surge in prices for privacy coins, Monero and Zcash this morning. The privacy coin surge was not clearly linked to Russian sanctions or if this was the reason behind it. Regardless, the surge was a result of something, moving from US$169 to US$204, up 29.2% in an hour and a half. There were fewer privacy coins with a smaller size. Dash gained 11% to $95. The Pirate Chain price rose 7.4% to $1.11.
KRAKEN:XMRUSDLong
by juncrotysys
Monero Leads Altcoin Rally on MarketAt the beginning of March, Monero also faced a sudden volume and price increase as market players turned their heads toward "private" cryptocurrency solutions. The price of the asset reached $178 at the local peak. We observed the highest price for the asset on Feb. 10, when XMR was trading at $187. Related DeFi Tokens Tank as Devs Quit Though the asset shows short-term gains‌, Monero trades in a sharp downtrend along with most of the assets on the market. According to TradingView, XMR has lost almost 70% of its value in the last 300 days of trading. Monero reached its ATH in May and has been trading at approximately $480.
KRAKEN:XMRUSDLong
by rajeanromeek
XMRUSD 1W Cup & Handle 01/01/22XMR is presenting a long term favourable bullish structure. Technicals: Volume has increased into and during the handle, conforming to pattern expectation. Triple bullish divergence on RSI (indicating a significant decrease in downwards momentum), which has the potential to close above 50 this week - indicating momentum passed equilibrium point in terms of oscillation (to the upside). Stochastics (green & red) are presenting a fresh weekly cross above $223.43, which would imply an upwards oscillation is commencing. BBWP (volatility indicator) has increased from significant lows (<2%) and continues to present an increase alongside momentum. This is a good indication of a potential longer term, large move incoming in favour of the upside. Areas to monitor would be a breakout of the orange trendline to the pattern target of 35.2% from breakout and ~$517.60 for the handle neckline. A "perfect breakout" of the handle would implicate a price target to ~56.66% ($816.69) as per historical statistics. Also note that the average historical price rise for a "perfect breakout" for this pattern is recorded as 54%. Moonero? Let's see. This is not financial advice and always DYOR .
KRAKEN:XMRUSDLong
by fvideira