XMRUSD trade ideas
Monero XMRUSD Suprise Price ActionThe news reads "Monero Shoots Up 10%"
Price action on the chart is forming a retrace to the major Psychological level of 150.
For Monero to resume it Bull Ride, we need to see consolidation forming aroun this 150 level before a stronger move up.
PRICE ACTION
Retrace Target intra Day to around 152.50
Consolidation Zone for longer term trading 149-152, will re-assess when we get there.
Monero XMRUSD Crypto JackingMicrosot's company’s intelligence team said a group called BISMUTH hit government targets in France and Vietnam with monero (XMR, -0.42%) mining trojans this summer.
BISMUTH is leveraging cryptocurrency miners to stay under the radar and establish persistence in targeted networks. BISMUTH is running increasingly complex cyber espionage attacks as early as 2012, using both custom and open-source tooling to target large multinational corporations, governments, financial services, educational institutions, and human and civil rights organizations.
Monero price is up 3.65% in the last 24 hours.
Resistance Levels Ahead
147.55
149.09
Psychological level of 150 needs to be strongly broken for the longer term bull trend to take hold.
XMR Long (D1)After selling climax occured in the middle of March, 2020, XMR started to slowly climbing towards the 2-year-range's upper boundary.
The majority of coins were distributed within that range. Why?
1) Selling climax
2) 2-year-long consolidation
3) quick retrace from a pullback at 120 price level.
Why long?
1) BTC already hit ATH. ETH has 2x way to go. XMR still has 3.5x room to grow towards ATH
2) strong PA near upper boundary: slowly but steadily climbing through resistance. Stronger than of BTC's!!
3) Selling Volume is declining while XMR is drawing ascending price structure and steadily scraping through...
4) R/R = 4 (first target). Nothing in between 120 and 280 levels
5) 2nd target's R/R = 6. 3d R/R = 8
Looks like a great opportunity to flip BTC to XMR. Or just Long XMR/USD.
Btw, orange curve line was drawn in Nov'19 or earlier. Don't remember exactly. But I don't have any proof. So, you can just believe me or not.
So, I was waiting for this trade 1.5 years. Patience is a virtue. But I should practice it to get that skill.
Have a nice ride!
Monero🔥Hello, friends! Just wanna remaind You my previous chart!👇🏻
Are we at the very begining? For me looks like that!🧡
Monero looks awesome) Are You wanna Buy it?
Just look, that the price breakout green zone for the first time since 2017.
Stay in touch with me💋
Always sincere with You🧡
Your Rocket Bomb 🚀💣
XMR MSNFXMonero is building up a nice bullish outlook that has seen its price jump significantly the past weeks.
The sell-off witnessed across the entire crypto market the past two weeks saw most cryptocurrencies fall alongside Bitcoin. Monero has appeared to strongly decouple from the leading asset.
MONERO XMRUSD Price Action Monero network tansactions have continued to increase since the November. MR has also historically had more transactions per day than ZEC, GRIN, or PIVX, but fewer than DASH.
Fundamentals show active and continued incremental XMR network upgrades over the past two years, including decreased transaction costs, improved transaction efficiency, blockchain pruning, improved privacy, and improved custody solutions.
SHORT TERM LEVEL
Next intra day resistance at 143.75
LONG TERM LEVEL
The cryptocurrency is down 72% from the all-time high of nearly $500, established in December 2017. All eyes over the next year are on the heavy resistance zone of US$150 based on yearly pivots , and psychological round numbers.
Monero $175 By ChristmasMonero underwent some massive price suppression pretty recently, as every other top 20 shitcoin went uber parabolic with 2-4x gains while Monero did nothing. Aside from this being basically impossible without some kind of large player(s) intervention, the reality is that usually those manipulations are done with borrowed crypto, meaning it all has to be paid back eventually.
Well, that time has probably started, and smart whales know to take profits into a coin that actually offers basic consumer data protection over their finances. Monero.
But forgetting all of that, because it's kind of irrelevant, check out these pretty lines I drews:
LONG TERM: Beautiful XMRUSD uptrend for the past 9 months, and help quite well in the dips recently.
MID TERM: Megaphone pattern with both higher highs and higher lows. This supports my thesis of market suppression, as typically megaphone patterns don't form without etiher attempted manipulation, or some fundamental reason for extreme market uncertainty over price (which there isn't any reason for that). Megaphone likely to break to the upside soon
SHORT TERM: Directly after the recent megaphone bottom, there has been a clear support line up (looks better on the 4-hr). This is likely to hold us all the way to $175, when we reach the top of the uptrend channel again.
XMR Monero in the following days, 4hr TF- area to look out for in the following days
- Monero already broke the previous support trendline (not shown on the chart)
- big resistance at around 140 level, top level of a multi-month bullish cup&handle and inverted H&S
- i would say short term bearish (follows the market), long term very bullish
- watch for the breakout, either up or down!
let me know your thoughts!
XMRUSD: $1,360 to $2,900 Quite Easily; $5,415 if ExponentialHi Everyone! Simply providing another price projection. This time for XMRUSD... I provided time lines in history and present day for comparison. I also provided percentage increase levels in history and present day for comparison. If chart is scrunched up or too small, try looking at the screenshot below.
Happy Trading and Stay Awesome!