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XMRUSD trade ideas

MONERO on SaleMonero (XMR) has suffered a 50% pullback since 07 May. Monero is the secure, private, untraceable cryptocurrency that keeps your money confidential. For those of us interested in owning fungible digital cash, this offers an opportune moment to add to our XMR stash. Fungibility is interchangeability between one asset and another asset of the same type such as gold, hard cash or in the case of digital cash, Monero (+ Pirate Chain). “Monero is what bitcoin noobs think they bought, which is fungible, digital, sound money.” Dr. Daniel Kim
KRAKEN:XMRUSDLong
by rzinho
XMR Liquidity Crisis on Fractionally Reserved ExchangesI took XMRUSD from multiple exchanges, and compared vs Kraken XMRUSD. Why Kraken? Because they have a banking license, and are trying to get a master account at the Fed. They're known for being among the more honest exchanges, and have particularly treated Monero well in the past, by diffusing false regulatory narratives (thanks Jesse Powers!). This chart is Kraken:XMRUSD, divided by 3 others: Binance, Bitfinex, and Poloniex. These 3 are strongly suspected of price rigging, fractional reserve, and now liquidity problems as a result of selling Monero they don't actually hold. Going on a week, Binance has halted withdraw of Monero to your own personal wallet, along with most other exchanges. Kraken is still good. So, hypothetically, if these exchanges were suppressing price due to liquidity problems, we might expect to see a divergence where Kraken (who we're assuming is operating honestly), has a higher price than the exchanges doing the suppression. And lo and behold, there it is. Before the big crypto crash happened, the prices on ALL these suspect exchanges diverged significantly, simultaneously showing a lower price for XMR than Kraken. What does this mean? It's just another indication that these people are fractionally reserved liars and manipulators, who don't want you in Monero; and are experiencing a liquidity crisis. Squeeze the fuck out of them. Price is low anyways. BTFD! *and withdraw your coins to your own wallet!*
KRAKEN:XMRUSDLong
by herbison
2
You will not believe the prices Monero will reach!!A comprehensive view of the Long Term perspective of Monero (XMR) shows that we are playing out a Macro move here in a MACRO WAVE 5; this is complimented by the extended wave structure we have seen since the bottom at $24 in March 2020 which gives us the indication that a extremely large move is playing out which often moves quicker as you get towards the end of the move; with a long term target of $3000, it is expected that we move much more aggressively to the upside especially after getting above the Schiff Pitchfork Median line and also above the last resistances in the price history (all time high & last weekly orderblock). This all adds to the bullish sentiment and expectation of much higher prices; furthermore, as we move to lower time frames the high expected prices become more reasonable as we see we are in a Minor 5th wave, but within this we see an extremely extended wave count that suggests this Minor 5th wave will be extremely extended and large further complimenting what was previously stated that the end move in this MACRO WAVE 5 would be extremely parabolic and quick in duration. Lower time frame targets compliment the higher time frame targets with confluence in the $1000-1300 range in this next Subminuette wave 3 push towards 0.5 Green Inner Median Line before consolidation/correction and a further terminal move towards the $2000-3000 range. I will publish a further analysis on lower time frame of Monero for a more layered appreciation of where price can head. Please like and follow for more Advanced Wave Analysis. Check Below
POLONIEX:XMRUSDLong
by NICKVASS10
2