xmr/usdTesting/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
XMRUSD trade ideas
XRM is rising steadily and is expected to strengthen.The following content is machine translation:
XRM is rising steadily and is expected to strengthen.
The morphological trend is wavy, and it is currently in the upward pattern of wave C, and wave C will overtake wave A.
With the gradual increase in the currency price, the trading volume continues to be bullish.
The indicator macd energy column is above the zero axis.
The current pressure is around 0.618 Fibonacci.
The target is near 390.
Monero (XMR) - October 5Hello?
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(XMRUSD 1W Chart) - Mid-Long-Term Perspective
Above the 93.02191270 point: the uptrend expected to continue.
Above 140.80749648-160.228881 section: It is expected to create a new wave.
(1D chart)
First resistance section: 219.75932043-270.217125 section
Second resistance section: 346.95104192-391.37736817 section
A move higher in the first resistance zone is expected to turn into an uptrend.
A decline from the first resistance section could lead to below the 175.70500518 point, requiring a short-term Stop Loss.
If you touch near the 140.80749648 point, you need to check whether it rises to the first resistance section with a sharp rise.
In that case, it can be seen that the section 140.80749648-160.228881 has a strong support section.
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We recommend that you trade with your average unit price.
This is because, if the price is below your average unit price, whether it is in an uptrend or in a downtrend, there is a high possibility that you will not be able to get a big profit due to the psychological burden.
The center of all trading starts with the average unit price at which you start trading.
If you ignore this, you may be trading in the wrong direction.
Therefore, it is important to find a way to lower the average unit price and adjust the proportion of the investment, ultimately allowing the funds corresponding to the profits to regenerate themselves.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for the sake of convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Because it is not public, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
Can Monero go above $400 by year's end?The touch points in blue to help determine the arc.
If it stays in the arc and goes break through the yellow and blue horizontal line it can potentially going to $400 or more above by the end the year.
Provided there's no crash or big correction in the stock market.
Monero (XMRUSD): Potential Structure Trade Explained
Hey traders,
While forex market is sleeping after yesterdays' rallies,
here is a very peculiar potential trend following opportunity for you on XMRUSD.
The crypto pair has recently retraced and now is trading within a supply zone.
240 - 250 is our potential reversal zone.
You confirmation to short will be a neckline breakout of a double top pattern on 4H.
Wait for 4H candle close below 243 level and then sell aggressively or on a retest.
Goals will be 224/213
In case of a new higher high/higher close formation on 4H, the setup will be invalid.
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XMRUSD H8: 150% gains // Best level to BUY/HOLD IT (SL/TP)(NEW)Why get subbed to me on Tradingview?
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XMRUSD H8: 150% gains // Best level to BUY/HOLD IT (SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
๐ธ Summary and potential trade setup
::: XMRUSD 8 hour/candle chart review/outlook
::: very strong chart accumulation
::: since January 2019. bottom in place
::: expecting short-term gains BUT
::: PULLBACK soon / buying opportunity
::: for BUY/HOLD traders
::: almost 150% gains possible
::: get ready to BUY/HOLD after pullback
:::190/200 USD best RELOAD BULLS
::: recommended strategy: BUY INTO PULLBACK
::: TP BULLS 500+ USD.
::: 150% upside for bulls
::: BUY/HOLD setup for patient traders
::: just BUY low and get paid, period
::: good luck traders
::: details: see chart
๐ธ Supply/Demand Zones
::: N/A
::: N/A
๐ธ Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/PULLBACK
::: Sentiment outlook short-term: BULLS
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.
Monero XMRUSD - Road to 3000 USD + Cup and Handle!- It is a right time to buy Monero, because of the cup and handle formation!
- Target is 1:1 fib trend-based extension - in next leg up, so be prepared.
- RSI is ready for a pump and once we reach all time high, we should accelerate in speed.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below โ
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XMR/USD Bulls Couldnโt Give Up Now!Monero Price Analysis โ August 30
At the moment, the Monero price faces the positive side as the bulls aim to drag the market price to the resistance level of $342.
XMR/USD Market
Key Levels:
Resistance levels: $341, $350, $390
Support levels: $243, $230, $210
XMR/USD price is now trading close to $320 as it hovers around the $315 resistance level at the time of writing. The Monero price could move upwards if the crypto crosses above the upper boundary of the channel. However, XMR/USD may hit the resistance level of $341 if the bulls focus on the uptrend.
MONERO:Are we facing a new Pullback?Welcome back Traders, Investors, and Community!
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Monero, Bearish Wave-Count To Approach Pivotal Zones!Hello,
Welcome to this analysis about Monero, we are looking at the 4-hour timeframe perspectives. Monero in recent times initiated a bearish reversal after pulling back of the 335 resistance bearishly. The pullback reaction seen here was somewhat stronger than the one seen in other cryptocurrencies especially the highest market-cap ones like Bitcoin or Ethereum as well as other altcoins, this shows how the divergence between the currencies is increasing and therefore Monero has an increased bearish edge at the moment compared to the other currencies omnipresent in the market. As when looking at my chart now we can watch there how Monero pulled to the downside bearishly to test the 292 Usd Level and it is possible that here comes a little bounce to the upside however as Monero has this strong local resistance within the structure marked in my chart in red there is a high likelihood given that Monero pulls back bearishly from this resistance to continue its wave-count to the downside and emerge with the wave C in the structure as shown in my chart, this wave C will continue till appropriate support has been reached which is given within the considerable back-up-structure marked in blue where a bounce and back-up can show up, in this case, it will be crucial on how strong this bounce will be and if Monero manages to stabilize further above the structure to move on higher because when this does not happen and Monero increases bearishness to move below this zone it will lead to a bearish continuation within the bearish-continuation-zone and Monero will emerge with the wave-C-extension. For now we should expect the bearish developments to spread further and keep prepared for these possibilities.
In this manner, thank you for watching my analysis about Monero and its main structure with incoming bearish pullbacks and its determinations to expect, support the analysis with a like and follow or comment for more market insight!
"Astonishment is the basis of reverence."
Information provided is only educational and should not be used to take action in the market.
Monero (XMR/USD) 1D: Elliott Wave Analysis (Update)๐ Hello and welcome traders to another trade idea with SunnyHillCapital
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Thank you for reading,
Cheers to many pips! ๐ค
Monero (XMR/USD) 2D: Elliott Wave Analysis๐ Hello and welcome traders to another trade idea with SunnyHillCapital
โ๏ธ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! ๐ Let's catch these moves together! โ
๐ก Why should you follow our profile on TradingView?
Consistent chart updates
Clean charts
Short and long-term perspectives
Visually teaches you valuable lessons
High probability setups
Analysis on a wide range of major markets
SMASH that follow button! ๐
๐ก Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you!
Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Thank you for reading,
Cheers to many pips! ๐ค