XMRUSD trade ideas
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 ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
XMR/USD Bulls Couldn’t Give Up Now!Monero Price Analysis – 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)👋 Hello and welcome traders to another trade idea with SunnyHillCapital
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Cheers to many pips! 🤝
Monero (XMR/USD) 2D: Elliott Wave Analysis👋 Hello and welcome traders to another trade idea with SunnyHillCapital
☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅
💡 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! 👍
💡 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! 🤝
Monero XMRUSD - Weekly cup and handle! + New ATH +1000% gains!- It is a right time to buy Monero, because of the cup and handle formation!
- Target is 1:1 fib trend-based extension - 1000%! 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 ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
XMRUSD BULLISHXmr has officially turned into a buy on the Daily time frame and is ready to go up some more!!! Going for 300 first, then my final TP is 311.
XMR Sell a break setup.XMRUSD - Intraday - We look to Sell a break of 253.8 (stop at 260.1)
Bearish divergence is expected to cap gains.
Pivot support is at 254.3.
A break of bespoke support at 254, and the move lower is already underway.
A lower correction is expected.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Our profit targets will be 235.5 and 230.5
Resistance: 265.0 / 270.0 / 275.0
Support: 260.0 / 254.0 / 250.0
Monero XMRUSD - Weekly cup and handle! + 1000% gains!- It is a right time to buy Monero, because of the cup and handle formation!
- Target is 1:1 fib trend-based extension - 1000%! 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 ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
XMRUSD OpportunitiesXMRUSD remains bullish as structure keeps creating higher highs and higher lows. Look around the marked areas for 4 hour candles rejections. As long as price respects marked area, buy opportunities could be taken.
XMRUSDAUD Monero on a Quest for the Golden Ratio from dowN unDerCelebrating all of Tradingview's oh so many beautiful custom options.
Monero Converted into AUD Aussie $$$
4 Day Tv Custom Tf.
Monero buy the dip.XRMUSD - Intraday - We look to Buy at 191.4 (stop at 186.9)
Dips continue to attract buyers.
A bullish reverse Head and Shoulders is forming.
Pivot support is at 191.3.
We look to buy dips.
Our profit targets will be 203.9 and 206.9
Resistance: 200.0 / 205.0 / 210.0
Support: 195.0 / 190.0 / 185.0
Is Monero bound to reach 160$? Here is a my simple trend analysis on Monero, the leader in private fungible transaction. I try to demonstrate how XMR could reach 160$ soon based on trend analysis.
What is your short term expectation and chart pattern? Let me know in the comments below.
XMR/USDFalling wedge, lets see if we can break out of it!
the 200 ema is resistance right now on the 4h, all time frames below it are above the 200s
Monero XMR - Short term short I am short until $145. We should see a rejection at $211 and a bounce at $145. At that point, I’m looking for an aggressive re-test of all time highs.
Head and Shoulders formation on MoneroXMR is one of my favorite projects and so I kinda feel bad shorting it but there is no virtue in losing money in the market as a trader. Often on charting you can look left to right to see what is going on but to get the best understanding I am going to go through how this chart actually developed so you can see it as I do.
The purple trendline has been on my radar for literally years and I was very excited to see it turn into support in early 2021. From there rather than develop a bullish pattern I see instead a bearish pattern develop, a massive seven month long head and shoulders and I see that purple line has roughly failed as support. Given my overall sentiment that crypto is bearish I am looking to short.
The Fibs set up my target setting from the a low on a rough neckline to the top of the head. There is a lot of wicking going on and so if price action breaks down and then has a relief rally a truer look at what the neckline was may be determined by the peak of that relief rally.
Next up is some volume analysis to verify the fib target. I chose just before the formation of the purple trendline. Picking the Volume profile is bit of an art and that worked for me. This visible range lets us see the 1.618 is at a high volume node. Given the low volume node right below it we have to possible scenarios either we consolidate there, get above the Upper Value Area and probably set a new all time high, or we progress to the high volume node at around $50.
A look at the moving averages shows that the $100 target is at the 300 week SMA, not a traditional SMA target. At that time frame and length the 300SMA is basically the 300 EMA as well.
A look at the Monthly Keltner channel suggest that we could get really close to $70 by the time this bear market is over. That would make this whole formation a massive consolidation channel.
Here is the formation I am using for my short entry. At 189 my margin sell order at 188 will be placed on the books. After that I will look at setting my take profit and stop losses.
