XMRUSD trade ideas
Monero looking to breakout after holding supportMonero XMRUSD is looking quite interesting today breaking out and looking to test the recent breakout and resistance.
We are looking at a daily chart in this idea and I show current and past support and resistance.
Like most of the major cryptos XMR has been quite bearish for a while but with this crypto it is at least looking to turn around.
140 is strong support and then on March 8th we see the big breakout in that larger range candle. On a side note one of my strategies for long term success has been to watch the larger range candles and more often look to enter after smaller ranges. Typically a large candle will pullback on the next candle a good percent of the time as we saw on March 9th.
The current breakout will need to be watchful of the 200 resistance level but overall it looks pretty interesting.
This is what the beginning of a potential trend change looks like. Getting back above 254 resistance really confirms it.
XMRUSD privacy hypewave incoming
war and climatechange mostly
300% target should hit sometime this year imo
might go alot bigger than this..
Monero (XMR) Does history really repeat itself?Hello Traders,
Today we are analyzing Monero . After doing a deep dive and zooming in and our of different time resolutions I have found some very interesting similarities to the previous run on XMR. The First point to note is the bottom of each run seemed end in a similar way to each other. Some what of a cup and handle pattern on the monthly time frame pictured here by the green paint brush stoke at the bottom of each run. The Second run obviously endured the Black Swan Event of Covid shooting a wick to lower levels and adding tons of fiat injected into the economy driving the prices back up quicker yet, the structure stayed very similar. After the neckline of this structure was broken we went on a parabolic run in both instances as well. Only pulling back to test the top of the prior structure neckline.
So this leads us to the current situation that we are in now here. The price action has broken the neckline once again and being powered by Fiat injection has made a few different moves yet again, still echoing the past run. Now that the price is heading back down toward the neckline I see a possible two scenarios coming into play as you can see by the green and red arrows that I have placed on the chart. Regardless of which plays out, looking at this has made me gain some confidence on the next few moves I am deciding to make. I hope this research I have done helps you do the same. Keep in mind it is important for you to do your own research as well as I am not a financial advisor and these are just my own opinions based on my research.
I hope you all have a green week and I will see you next analysis!
Savvy
XMR Monero - Cup & Handle BreakoutXMR Monero - Cup & Handle Breakout
Looks very similar to the gold chart pre breakout.
Bullish targets on breakout above 212/225
282
373
438
Ultimate bullish breakout target = +512usd
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
XMR completes breakthrough
As the leading currency of anonymous coins, XMR has performed very well
It has broken the downtrend line and the neckline of the double bottom
It is expected to continue to rise
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XMRUSD ❕ narrowing towards the supportXMR is narrowing towards the support level.
It looks like there is no room for growth.
I expect a drop to the 140.5 area.
Have a nice trade!
Your Solldy
XMRUSD ❕ bounced off the levelXMR bounced off the level and headed up.
It is possible to move to resistance, if you have enough strength.
Have a nice trade!
Your Solldy
XMRUSD ❕ made a false breakoutThe price made a false breakout of the level.
I expect a pullback down below the support.
Have a nice trade!
Your Solldy
XMRUSD ❕ made a false breakout of resistanceXMR made a false breakout of resistance, after which it returned back below the level.
I expect further downward movement.
Have a nice trade!
Your Solldy
XMRUSD ❕ is heading towards the resistanceXMR is heading towards the resistance level.
If you wish, you can open a long to the level, but it is better not to take risks.
In the future, I expect a rebound from resistance.
Have a nice trade!
Your Solldy
XMRUSD ❕ fell sharplyThe price fell sharply, breaking through several levels.
Now correction is possible.
I expect a fall after the correction.
Have a nice trade!
Your Solldy
XMRUSD ❕ has bounced offXMR has bounced off resistance and is heading lower.
The turn has already taken shape.
I'm waiting for the fall.
Have a nice trade!
Your Solldy
Reflexive bounceThe markets already shorted the news of Russia on the border, however new reports say that they moved back to base or something. Not sure what that means but the asset market feels like it's about to make a bounce toward trend, and alts are giving the same signal. Caution is in order though, and that's putting it lightly. It's safe to say you should probably start counting the cracks between the sidewalk for this next run up.
$180 Price Target for Monero in the Immediate Short Term!Hello Traders,
As you can see a simple inverse head and shoulders pattern has formed on the 1hr of XMRUSD. To measure the breakout you take the head impulse and measure it above the neckline to find the breakout target. This move is approximately a 5% move, set your TP at $180.
Safe trading,
-Pulkanator
XMRMonero after the surge of 2016 until the beginning of 2018, we entered a correction that started wave 2. But it is not just any wave. It is a complex second wave wave. In which it involves continuation pattern. Pattern cup and handle figure. When we break out of this loop we will see higher high prices. And of course, for that to happen we need to see bitcoin restore prices higher and higher.
DISCLAIMER: Please note that my studies portray my personal opinion only and should be considered for educational purposes only. They should not be considered as a recommendation to buy or sell an asset!
I am not responsible for any damages to your capital. Your capital is at risk in the equity market.
MONERO Will Fall! Sell!
Hello,Traders!
MONERO is has hit a strong horizontal resistance level
And we are seeing a good bearish reaction
The coin is in the downtrend
Therefore this presents a calssical trend follwing opportunity
For a short trade
Sell!
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See other ideas below too!
XMRUSD ❕ is consolidatingXMR is consolidating at the resistance level.
A reversal and downward movement is possible.
Have a nice trade!
Your Solldy
Bullish Divergence on Monero (XMR)Shown here on the 4HR Chart of Monero (XMR) you can see that the Momentum Oscillator (RSI) is signaling a medium/ weak bullish divergence. Now, remember, the RSI means general strength, not what the price is doing. So when the RSI is trending up and the price is at a standstill you can bet that the upside is coming. Hope this helps for a short-term trade!
Safe Trading,
-Pulkanator
XMRUSD ❕ reached resistanceThe price reached resistance and began to slow down.
I expect a rebound from the level and a downward movement.
Have a nice trade!
Your Solldy
XMRUSD Target Price 158.07Price broke horizontal resistance level. Resistance level becomes support after the break and close above the horizontal level.
