XMRUSD trade ideas
LONG monero 292-295 area STILL price projectionsposted this but lost my analysis so here it is again. Fibonacci targets 390--410--449
going to have some pullback at the 78.6 and AB=CD of the last big move up measured
from the last low . The fact that the 78.6 held the low and we have had strong buying
suggests we take out the last high soon.
LONG monero 292-295 area STILL price projectionsThe current 78.6% retracement is = distance of last big move up AB= CD
will cause a bit of trouble but once broken looking at Fibonacci projections
that take us to 390-- then 411 then all the way to 450 .. then we will see
what happens. See screen shot attached
Monero - Pullback buyers in action $XMR - Wonderful how selling pressure stopped at EMA-21 today - Pullback buyers are supporting the uptrend. New highs above $374 will activate target based on #Fibonacci 161,80% @ $580 - long overdue for #Monero #XMRUSD $XMRUSD
XMRUSD topping the channelas you can see XMRUSD has topped the daily and/or the weekly channel so waiting for a downfall if the channel top doesn't break
P.S: not a financial advise just sharing thoughts
LONG monero 295 area Monero and bitcoin both suffered losing few days. A retracement.
Fibonacci supports at 295 and 273 on monero are buying opportunties
52620 should now hold on bitcoin for longs
$XMR #XMR - Monero long - break of 2017 ATH soon?Monero (XMR) is the top privacy-centric cryptocurrency based on the CryptoNote protocol, a secure, private and untraceable currency system. Monero uses a special kind of cryptography to ensure that all of its transactions are remain 100% unlinkable and untraceable. In an increasingly transparent world, you can see why something like Monero can become so desirable. XMR has had a very strong run so far. In this 4H chart, if price stays above the green support box, then it is likely to continue to 440 - 478 to the previous ATH of 2017. A break below the green box would invalidate the bullish scenario in the near-term. Please follow BradtNom, leave a comment or link to your own ideas! Charts are for information purposes only. Not trade suggestions. DYOR (Do your own research) - act responsibly with your money.
Short MoneroDouble top on monero with potential failure.
Coupled with very strong multiple timeframe analysis what says BitCoin which a push into key Fibonacci resistances at 64000 will not break through and see 59,000 to 57000 in the next two days.
( yes should sell some bitcoin too or take profits)
I am looking for 297 (likely) and 275 (less likely) Fibonacci areas for target zones.
stop will be tight after a push through 338 just above recent highs.
First target at recent lows and slowly peeling them off below 300 until target reached.
XMR Price Is All Set To Break Above $500XMR Price traded at $326 with a gain of 5% in the last 24-hour and 16% up in the weekly time-frame. Furthermore, XMR bounced back from the support of $288. In contrast, the market capitalization stands at $5.79 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above all the EMA. RSI index showcases an upward slope. Moreover, the price movement can be towards the TP- 1 of $500 in future trading sessions.
TP- 1: $500
Support: $288
Monero: Movin' Lower?To stay up-to-date with the latest market developments, be sure to subscribe to Kraken Intelligence at kraken.com
What Is Monero (XMRUSD)?
Monero (XMR) was among the first cryptoassets to feature cryptography that offered real advances in privacy and fungibility over available alternatives. Its key differentiator was its ability to allow users to send and receive transactions without making this data available to anyone examining its blockchain.
As such, Monero is often classed with other privacy cryptocurrencies such as Zcash that have sought to address privacy weaknesses in Bitcoin. This, in turn, enables bitcoins to be traced, making them less fungible, as companies are able to identify and blacklist coins involved in suspected criminal enterprise, as an example.
Monero’s origins are more comparable to Bitcoin’s, involving a small online tech community that grew quietly over time as the project gained credibility and market share. Monero’s software is programmed to update every six months, a regular schedule that has helped it more aggressively add new features without much controversy. This has meant that Monero has been able to continue to introduce cryptographic advances like stealth addresses (which allow users to create one-time addresses) and ring confidential transactions (which hide transaction amounts).
XMR Statistics:
Market Capitalization: $5.8B
CryptoAsset Rank: #25
24-Hour Return: +2.5%
7-Day Return: +20%
From All-Time High: -34%
Technical Setup:
When looking at the XMR 1D chart, we'll see that XMR is clearly in a broadening ascending wedge. As a matter of fact, XMR just tested the wedge's resistance for the 5th time in the past 6 months or so.
With XMR having failed to punch through the wedge's resistance, one could expect history to repeat and XMR trend back down to its 50D SMA (currently $237) in the forthcoming days/weeks.
Note that every time XMR tests the wedge's resistance, XMR mean reverts back down to or through its 50D SMA.
This mean reversion lower would be congruent with XMR's valuation relative to BTC trending lower after failing to punch through 0.00575 BTC resistance for a second time in a row. Double top, anyone?
Privacy is completely UNDERVALUED right now. MONERO to $22k!This is the first bullmarket where taxes will be heavily enforced. You can wonder where will the cornflow move to...! I'm betting it will go PRIVATE.
ZK-SNARKS are good too but MONERO will be the KING
Monero, XMR decision timeMonero is at long term resistance which has been in place for over three years at $299.00. This is the last hurdle before new all time highs. If it can break this area convincingly it will go over $500.
MONERO to $100KPrivacy is totally undervalued in todays market. Monero is tried and proven and worth of an adequate valuation. Specially over projects with dubios fundamentals like mobilecoin - what i consider to be a shitcoin.
XMR / Monero 2021 Cycle Correlating to Bitcoin 2017 CycleKRAKEN:XMRUSD
Today we will be exploring the correlations between the 2017 Bitcoin market cycle and the current Monero market cycle.
Below is a chart showing the Fibonacci retracement from the previous Bitcoin market cycle top to the 2017 market cycle top. It is important to note here that up to the Fibonacci 0.236 level is the accumulation zone for the Bitcoin 2017 market cycle.
For both Bitcoins 2017 market cycle and Monero's current cycle we see an accumulation at the 0.236 before breaking out into the bull market. If Monero follows the same trend as the 2017 Bitcoin cycle we will see a market cycle top at the 23 Fibonacci level. The posted fractal overlay on the posted chart shows the continuation of Monero's cycle past 0.618 Fibonacci level if it continues to correlate with Bitcoins 2017 cycle.
XMRUSD MoneroMonero is working on its way up to catch up with a previous ATH. Current ascending bull flag and overall uptrend proves that it will get there without difficulties. Possible cup and handle formation in the future. After that off we go.
