XMRUSD trade ideas
Can XMRUSD Moon After This Key Breakout?
KRAKEN:XMRUSD indicates that the price has successfully broken out of the upper boundary of the consolidation channel at the $185 level, signaling a potential shift towards a more defined bullish trend. The price is currently trading above the EMA Ribbon, which is upward-sloping, further confirming the strength of the ongoing trend.
If the price sustains above the $185 level and continues forming higher highs, potential take-profit levels could be set at $290 (TP1) and $340 (TP2), both aligning with significant historical resistance zones. This setup presents an attractive opportunity for buyers looking to capitalize on the recent momentum.
👨🏻💻💭 Do you believe this breakout will hold, and the projected levels will be reached? Share your insights on this analysis!
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Monero's 'Basing Pattern' Breakout Points to Price Gains AheadMonero (XMR), the leading privacy-focused cryptocurrency, has recently shown signs of renewed strength, breaking above the $200 mark and confirming a bullish shift in market trend.1 This upward movement is particularly significant as it follows a prolonged period of consolidation, during which XMR formed a classic "basing pattern."2 This article will delve into the details of this technical pattern, explore the factors contributing to Monero's current momentum, and analyze the potential for further price gains in the near future.
Understanding the Basing Pattern
In technical analysis, a basing pattern, also known as a consolidation pattern, represents a period of price stabilization after a downtrend or a significant price drop.3 During this phase, the price trades within a relatively narrow range, forming a base for a potential future breakout.4 This pattern typically indicates that selling pressure is weakening, and buyers are beginning to accumulate the asset.5
Key characteristics of a basing pattern include:
• Consolidation Range: The price trades within a defined range, bounded by support and resistance levels.6
• Decreasing Volatility: Price swings become less pronounced as the pattern develops.7
• Increased Volume on Breakout: A breakout above the resistance level is often accompanied by a significant increase in trading volume, confirming the strength of the new uptrend.8
Monero's recent price action has exhibited these characteristics. After a period of decline, XMR's price consolidated within a range, demonstrating decreasing volatility. The recent break above $200, accompanied by increased trading volume, signals a potential breakout from this basing pattern, suggesting a shift towards bullish momentum.9
Factors Contributing to Monero's Momentum
Several factors could be contributing to Monero's current positive trajectory:
• Increased Demand for Privacy: In an increasingly surveilled world, the demand for privacy-preserving technologies is growing.10 Monero, with its strong focus on anonymity and untraceable transactions, is well-positioned to benefit from this trend.11
• Technological Developments: Ongoing development and improvements to the Monero protocol, such as advancements in its privacy features and scalability solutions, enhance its value proposition and attract users.
• Growing Adoption: While adoption of privacy coins is still relatively niche compared to mainstream cryptocurrencies, Monero has a dedicated community and sees usage in various applications where privacy is paramount.
• Broader Market Sentiment: The overall cryptocurrency market has shown signs of recovery recently.12 A positive market sentiment can have a ripple effect on various cryptocurrencies, including Monero.
The Significance of the $200 Breakout
The break above the $200 resistance level is a crucial technical development for Monero. This level has acted as a significant barrier in the past, and breaking above it suggests a strong shift in market sentiment. This breakout confirms the potential validity of the basing pattern and opens the door for further price appreciation.
Potential for Further Price Gains
With the breakout confirmed, several potential price targets can be identified using technical analysis. Common methods include:
• Measuring the Height of the Basing Pattern: The height of the consolidation range can be projected upwards from the breakout point to estimate a potential price target.
• Identifying Fibonacci Retracement Levels: Fibonacci retracement levels can be used to identify potential resistance levels and price targets based on previous price movements.13
• Analyzing Long-Term Trends: Examining long-term charts can provide insights into potential long-term price targets.
Based on these methods, potential price targets for Monero could be significantly higher than current levels. However, it's crucial to remember that these are just potential targets, and market conditions can change rapidly.
Challenges and Risks
While the current outlook for Monero appears positive, it's essential to acknowledge potential challenges and risks:
• Regulatory Scrutiny: Privacy coins like Monero face increased regulatory scrutiny due to their potential use in illicit activities.14 Increased regulation could negatively impact their price and adoption.
• Competition: Other privacy-focused cryptocurrencies and privacy-enhancing technologies are emerging, posing competition to Monero.
• Market Volatility: The cryptocurrency market is inherently volatile, and even with positive technical indicators, price corrections and unexpected events can occur.15
Conclusion
Monero's recent breakout above $200, following a well-defined basing pattern, suggests a potential shift towards bullish momentum.16 Factors such as increased demand for privacy, technological developments, and positive market sentiment contribute to this positive outlook. While potential price targets can be identified using technical analysis, it's essential to acknowledge the inherent risks and challenges associated with the cryptocurrency market. As always, thorough research and caution are advised when making investment decisions. The confirmation of the basing pattern and the break of the $200 resistance level does provide a strong signal for those interested in the privacy coin space.
Monero (XMR/USD): Navigating Momentum Toward $600 by Mid-2025Monero (XMR) is currently in a critical phase, with its momentum determining the trajectory for the coming months. The market is watching whether XMR can maintain its current bullish momentum or face a temporary slowdown before resuming its upward climb.
Scenario 1: Sustained Momentum to $600 by June–July 2025
January 2024 Target: If XMR does not lose momentum, it is likely to reach $250 by the end of January 2024.
Consolidation or Pullback: After reaching $250, XMR could enter a brief consolidation phase or experience a small pullback, allowing the market to stabilize and attract fresh buyers.
Mid-2025 Rally: This stabilization will set the stage for a rally toward $600 by June–July 2025, marking a significant price surge driven by strong fundamentals and improving market sentiment.
Scenario 2: Temporary Loss of Momentum Before Resumption
February Retest of $175–$180: If XMR loses momentum, it could fall back to retest the $175–$180 zone in February 2024.
March Recovery to $250: After this retest, XMR could regain strength and target the $250 level by March 2024.
Mid-2025 Rally: Following consolidation around $250, XMR would still have the potential to reach $600 by July–August 2025, albeit on a slightly delayed timeline.
Key Levels to Watch:
$175–$180 (critical zone if momentum is lost).
$250 (key barrier to confirm bullish continuation).
Target: $600 by mid-2025 (bullish rally culmination).
Summary:
Monero’s ability to maintain its current momentum will define its short-term trajectory.
Sustained Momentum: Reach $250 by January 2024, consolidate, and rally to $600 by June–July 2025.
Temporary Slowdown: Retest $175–$180 in February, recover to $250 in March, and achieve $600 by July–August 2025.
Both scenarios highlight Monero’s long-term bullish potential, with $600 as a realistic target for mid-2025.
[$XMRUSD] The only true crypto currency.KRAKEN:XMRUSD
Jan 13 2025
Major derisking happening due to
* fed rate cut for federal funds rate (bank overnight lending)
* affected the short term gov bonds (2 year) going down
* however: the 10 year gov bond had no bid so its yield spiked
* => major indicator for FIAT-debt ( or 'credit') D e v a l u a t i o n
TL;DR: " I don't buy year debt bonds at 3%! I want at least 4% for this trash"
-> as it happened in the US
---> as it will happen in the EU
-----> as it will happen in the emerging markets (that are already rekt: brazil, turkey...)
back to crypto:
🟠🟠🟠 KRAKEN:XMRUSD 🟠🟠🟠
Performing very strong against this de-risking event, where even Equities got a (hopefully only) small cut. Furthermore, it showing good signs against:
* Dollar strengths
* an ongoing De-Correlation against Equities, where as Bitcoin's BITSTAMP:BTCUSD correlation to the VANTAGE:SP500 is increasing
Let me know what you think about it.
Is Monero really 'the only' currency with actual value?
Despite its problems and uncertainty?
the XMR is going to blow your mind Indicators Used:
Moving Average 20 High (Red Line): This serves as a resistance level.
Moving Average 20 Low (White Line): This serves as a support level.
Fibonacci Retracement Levels: These are displayed and show key retracement and extension levels based on a recent price swing.
Volume Bars: Shown in red and green, indicating selling (red) and buying (green) volume intensity.
Price Action:
The current price is around 199.88, trading slightly below the 20 High MA (Red) and above the 20 Low MA (White). This suggests consolidation between these moving averages, acting as short-term resistance and support.
The price retraced after hitting a local high and is now testing the Fibonacci 0.5 and 0.618 retracement levels, which are strong zones for a potential reversal or continuation.
Fibonacci Levels:
0.618 Level: The price is near this retracement level, which often acts as strong support during retracements in uptrends.
Extension Levels: Levels like 1.272 and 1.618 suggest potential future price targets if the uptrend resumes.
Volume Analysis:
The volume bars show a mix of buying and selling pressure, with some decrease in recent activity. This could indicate indecision in the market, waiting for a breakout or breakdown.
Scenarios to Watch:
Bullish Scenario:
If the price breaks above the 20 High MA (Red) and maintains above the 0.618 retracement, this could signal a continuation of the uptrend.
Look for a retest of resistance levels around 204 (near Fibonacci 1) or higher extensions like 1.272 or 1.618.
Bearish Scenario:
If the price falls below the 20 Low MA (White) and breaks below the 0.618 retracement, it may test lower support levels near 194 or even 190.
Sideways Scenario:
The price could consolidate between the 20 High MA and 20 Low MA, with traders waiting for a breakout.
Key Levels to Watch:
Resistance:
200.27 (20 High MA)
204 (Fibonacci 1 level)
210-212 (Fibonacci extension levels)
Support:
198.01 (20 Low MA)
194 (Historical Support Zone)
190.10 (Major Support)
This chart shows a critical point where the market could decide its next direction. Pay close attention to how the price interacts with the moving averages and Fibonacci retracement levels to plan your next trade!
Monero - The Best Privacy Coin Im going to be breaking-down what I feel are the best long-term holds in each sector/category of crypto. This is the privacy sector. I will tell you the pros and cons of each project.
Monero
When looking at the chart for Monero, we can see that it looks very bullish. It has successfully broken out of & retested a long channel that it has been between for years. We can see that the last time Monero broke out of a multi-year channel it went on to rise 500%. Monero price action has been extremely steady compared to other cryptocurrencies over the years. In my opinion this chart looks very similar to XRP prior to it going from 0.40 to 2.50.
Pros:
Obviously Monero is the king of privacy coins and is the most used P2P crypto even more than Bitcoin.
Monero is what Bitcoin was meant to be, and as more concerns about privacy arise, Monero will garner even more market share.
Cons:
Tough to buy in some countries. Monero has been heavily supressed over the years, and is often delisted from Central Exchanges. Making it difficult to purchase.
All in all, this is not financial advice but instead just my opinion.
Thanks for viewing my post! And make sure to check out my other posts for the top crypto in other sectors!
#Monero $XMRUSD One Year AnalysisCRYPTO:XMRUSD
Keylevels / Range
$120: Lowest trend price. If the price closes below this level, it would signal a bearish trend.
$163: Lowest range price. A close below this level would unlock a new lower zone extending down to $120.
$203: Current price.
$233: Upper limit of the current channel/wedge.
$370: Long-term target.
Analysis:
Monero has been trading within a range of $183 to $206 for the past two weeks. The price has closed above $197 for the first time since May 2022. This move potentially unlocks a new range, reaching at least $233, where the upper limit of the current channel/wedge and a monthly/weekly supply zone are located.
A weekly close above $237 would strongly indicate the unlocking of a new charted zone extending from $237 to $370.
Coin Bio:
Monero (XMR), is a privacy-focused cryptocurrency launched in April 2014. It was originally forked from the Bytecoin blockchain. Unlike many other cryptocurrencies, Monero's primary focus is on ensuring the anonymity and untraceability of transactions.
Key features include:
Ring Signatures: Obfuscate the sender's identity.
Ring Confidential Transactions (RingCT): Hide the transaction amount.
Stealth Addresses: Create unique, one-time addresses for each transaction, obscuring the receiver's identity.
These features make Monero attractive to individuals seeking financial privacy and are a core differentiator in the cryptocurrency space. It's developed by an anonymous community of developers and has gained significant traction for its commitment to private and fungible transactions. While its focus on privacy can be controversial, it remains a prominent cryptocurrency with a dedicated user base. XRMUSD specifically refers to the trading pair of Monero against the US Dollar.
#CRYPTO #MONERO #XMRUSD #XMR #CRYPTOCURRENCY #AHMEDMESBAH
the XMRUSD will hit the 203 $ You’re about to miss a killer crypto trading opportunity happening RIGHT NOW!"
On the 15-minute chart, #MXRUSD just broke above the 20 High SMA with strong momentum! This is a classic breakout setup, signaling a potential upward surge."
🚀 "Don’t wait too long—opportunities like this don’t last! Follow me for more real-time signals and strategies to crush the market!"
🎥 "Disclaimer: This is not financial advice. Always trade responsibly."
$XMRUSD "Monero is what you think you get when you buy Bitcoin."Monero is currently available at a significant discount. There is a popular saying: "Monero is what you think you get when you buy Bitcoin." As I delve deeper into the topic, I’ve come to understand that Bitcoin has undergone changes that some argue have deviated from its original vision. I encourage others to explore this subject further. Listening to Roger Ver and reading his latest book, "Hijacking Bitcoin," has provided valuable insights into these developments.
Let's prioritize privacy in our digital transactions!
Major discount OMXSTO:XMR long term
Wholesale Area: $99 - $174
Targets: $521
Golden Ratio: $775
Monero (XMR)Monero is one of the first crypto project which focused on privacy and anonymously. After a big ascent, XMR entered into a long oscillation period in a wide side way channel. Recently, due to the Ripple (XRP) court ruling that caused pump in crypto market, XMR broke the consolidation triangle pattern upward. Could this be the start of an impulse upward wave to the channel's upper line, or even beyond? Let's see what happens.
Note that this the weekly chart.
XMR/USD Poised for a Major Bullish Phase**XMR/USD Poised for a Major Bullish Phase**
Monero (XMR/USD) has officially broken out of a prolonged **accumulation phase**, signaling the start of a powerful bullish cycle. After successfully breaching the key resistance zone between **$180-$210**—the upper limit of the previous major rally—XMR is now primed for a sustained upward trajectory. This breakout marks a critical turning point, underscoring growing investor confidence and heightened demand for privacy-focused digital assets.
With strong technical momentum and supportive macroeconomic conditions, XMR is expected to embark on a **significant rally**. The next few years could see progressive gains, culminating in a **new all-time high (ATH) of $600** by **May-June 2026**. This projection is fueled by increasing adoption of privacy coins, enhanced network upgrades, and broader market bullishness.
Investors should watch for consolidation phases along the way, but the overall trend points toward **long-term growth**. As Monero continues to carve out its position in the crypto market, this rally could establish a new price floor well above previous highs, reinforcing its strength and utility in a growing decentralized economy.
Dive into Monero (XMR): My Updated Strategy for Success! Monero, the top privacy-focused cryptocurrency, is drawing more attention as concerns about data security rise. If you're eyeing this promising coin, let me share my latest trading strategy and key levels! 🚀
📈 Why Monero?
As demand for anonymity grows, Monero stands out, offering robust privacy features and potential for strong growth. Here's how I’m navigating this opportunity:
📊 Trading Strategy Highlights
🔵 Buy Zone:
💰 165 - 175 – the sweet spot for entry!
🎯 Take-Profit Targets:
1️⃣ 200 – a steady climb.
2️⃣ 257 – solid gains ahead.
3️⃣ 340 – long-term potential unlocked!
🛑 Stop-Loss:
🚨 Set it at 149 to manage risk effectively.
🟩 Risk/Reward Ratio:
📈 1:7 – a setup with exciting upside potential.
🆘 Recommended trading volume: Allocate no more than 5-7% of your portfolio for this trade. 📝
Good luck, and may the market be in your favor! 🚀