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XMRUSD trade ideas

Bearish third wave for XMRUSDWave 3 is coming. I'm learning to use the elliot waves but yea 3rd wave. * Wave 2: Common retracement levels * 61.8%-78.6% of wave 1 (golden zone, most common) * May also be 23.6%, 38.2%, or 50% * Wave 3: Common extension levels * 161.8% extension of wave 1 (most common) * May also be 127.2%, 200%, 261.8%, 361.8% * Wave 4: Common retracement levels * 38.2%-50% of wave 3 * May also be 14.6%, 23.6% (sometimes 61.8%, but it must not retrace below the wave 1 top) * Wave 5: Common extension levels * 50%-61.8% extension of waves 1-3 * 161% of wave 4 * Equal length of wave 1 (COPY AND PASTED TO CLEAR UP THINGS)
KRAKEN:XMRUSDShort
by dashingodds
9
EW Analysis: XMRUSD Monero May Face A Deeper Corrective DeclineHello traders! Today we will talk about cryptocurrencies, specifically XMRUSD Monero in which we see quite clear pattern. We will talk about its price action from technical point of view and wave structure from Elliott Wave perspective. Well, if you are familiar with Elliott Wave, then you know that after every five waves, a three-wave pullback follows. And, as you can see, seems like Monero may have a completed 5th wave, especially if we consider strong and impulsive five-wave drop from the highs, which can be an indication for a deeper, higher degree A-B-C correction that can send the price back to the previous wave 4 and 120 support level. Currently, it looks like it's just in a slow three-wave (A)-(B)-(C) corrective rally within wave B that can find the resistance ideally here around 240 - 260 zone and from where we should be aware of another sell-off for wave C. Invalidation level is at 288 highs. Bu humble and trade smart! If you like what we do, then please like and share the idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
BITFINEX:XMRUSDShort
by ew-forecast
2
Monero XMRUSD: Bullish Setup to Catch a Swing Move XMR dropped nicely to a major daily support cluster. The price was nicely rejected and now we see a classic bullish accumulation on 4H with a sequence of equal highs and higher lows. To catch a bullish continuation, wait for a bullish breakout (4H candle close above) of 227.0 resistance. Then buy aggressively or on retest. Your goals will be: 251 272 In case of a formation of a new lower low on 4H, setup will be invalid.
KRAKEN:XMRUSDLong
by VasilyTrader
10
Monero is heading to the moon by the end of 2021After a long period of time, XMR price finally managed to open and close again above the pivot line ( Pink Trend Line ) on daily time frame. the end of bearish wave just confirmed with two long wicks candles. seems that price is retesting the Pink line. but the fib channel number 23, is still another resistance on XMR's way. it is expected that some consolidation in the area between fib 23 and its new support, the Pink trend line. if price manages to close above the fib 23, its way toward upper line of the white channel, would be paved. the bottom line of black channel is the next major resistance on its way. if XMR manage to breakout the white channel. the black channel would be its new support and its journey toward 600$ could be much more easier. as a result of exponential trend, it is expected that we could see XMR is pumping soon. the vertical white lines are fib time zones, on which the chart had beautifully reaction to it. according to fib time zones, we are in a bullish major trend, and November 2021 could be an amazing month for XMR holders.
KRAKEN:XMRUSDLong
by msmadani88
4
Monero Golden Cross inboundQuickpost on XMR as a golden cross is due very shortly and my operating assumption is that after that concludes we should expect to see XMR get a good pump. ETH on the chart below had a golden cross around $600 and now it has done about a x3 in just a couple of months. I expect monero will be even more volatile and we would see even higher gains and I could show you why, but this is just a quick post. Ultimately, I hope to see ATH for XMRBTC and XMRETH. Just because it is taking a slight beating right now doesn’t mean the macro situation isn’t very bullish.
POLONIEX:XMRUSDLong
by This_Guhy