Who likes rounded bottoms?Get your head out of the gutter, I’m talking about round bases but the kind that breaks out. This chart looks like a storm in a tea cup. Whilst the trash coins (meme coins) are crashing to zero, the cream always rises to the top.
History doesn’t always repeat itself but it often rhymes.
XMRUSD trade ideas
MONERO: $161 | Rule #1 a heads up for when to hop on and hop off
the crypto cyclical bull bear flat markets
we have the pre halving PUMP
the never ending dump
and the post halving insatiable madness
12 to 24 day lead time forward price action
meaning when BTC begins to PUMP
you get validation 12 to 24 days later
you miss out 15% to 35%
in the alts you will miss out 150% to 300%
--
same when BTC peaks
you get confirmation 12 to 24 days after the fact
that game over for reset back to when the banker started the cycle
good lucks and remember Rule #1
"we dont talk about MONERO"
keep safe fellas
Could Monero make new high?I am wondering and i am sure alot of holders are wondering too!
I believe it has Bullish structure
$187 is the breakout level
That we must monitor very carefully.
The privacy sector in #crypto is abosilutely miniscule compared to #memecoins which totally dwarfs them
Yet privacy is one of the few unique use cases that is very much .. as a system backup..
Fungibility / Privacy is not coming to #Bitcoin anytime soon or ever.
#HVF
@TheCryptoSniper
BEARISH! $XMR Monero CryptoCurrency Monero (XMRUSD) Analysis:
Weekly Timeframe:
Monero is currently experiencing a downtrend, indicating a lack of demand in the market.
The sustained downtrend on the weekly timeframe raises concerns about the overall strength of Monero in the current market environment.
Daily Timeframe:
On the daily chart, Monero has recently bounced off a significant support level around $122.999.
However, Monero is currently facing resistance at around $150.985, indicating that buyers are struggling to push the price higher.
Overall Market Context:
Despite being in a broader bull market, Monero’s weakness is something that is noteworthy and should be paid close attention.
While other cryptocurrencies may be performing well, Monero’s lackluster performance suggests underlying issues specific to its market dynamics.
Monero (XMR): Clear Path for Strong Surges AheadMonero (XMR): CRYPTO:XMRUSD
Monero (XMR) , like many other cryptocurrencies, experienced significant sell-offs but hasn't recovered as robustly as others. This lagging behavior presents an opportunity to capitalize on potential faster and more favorable entry points. Currently, it is believed that Monero might still be at the end of a Wave 2, which could be advantageous as it allows for potential entry points into the market.
Underlyingly, we are in a subordinate Wave 3, expected to reach between $250 and a maximum of $431.
Zooming in, after completing Wave 2 at $101, we've developed Waves (i) and (ii), and are now attempting to complete Wave (iii). This wave is anticipated to reach at least $164, extending up to $233. Following this, we aim to seek initial entries for a possible Wave (iv), aiming to reach at least $250.
Looking to go long on monero at supportThis is the only crypto which has a use case, and can live up to both CASH and PRIVACY.
If I am going to be a speculator in this space, it will be on monero.
That being said, theres still a long way down till I consider buying.
Its funny though, the only useful crypto is massively underperforming dog coins, and surveillance coins (bitcoin)
IMO they are making people look the other way, by pumping the garbage and showing flashy green candles.
Monero is showing an absolutely incredible pattern in the chartsMonero (XMR) is showing an absolutely incredible pattern on the weekly and daily charts. Monero is one of the very few truly decentralized and anonymous blockchain cryptocurrencies on Earth, which is why the powers-that-be are working to make it harder and harder to obtain. This is why it was dropped from the criminal/fraudulent Ponzi scheme known as Binance recently.
I see good things coming for those who hold this crypto in terms of usage.
Good luck, and always use a stop-loss
Potential XMR trading OpportunitiesRight now I think XMR lacks the support to push past 140. It's bounced to 130 a few times recently. I think loss of buying interest will push it down for a good day trade opportunity in the $126-128 range as XMR makes one last spurt up to ~$131-132. I think an intraday trader could look for a solid buy-in range around the $119-124 range marked on the chart.
Right now the RSI is low and Bollinger band relatively high so a more risk-willing day traders might take that opportunity but I'm personally going to wait an hour or so and see.
XMRUSD: falling wedge patternA price action above 141 supports a bullish trend direction.
Increase long exposure for a break above 150. This level is also the 61.8% Fibonacci retracement level.
The target price is set at 163 (its 78.6% Fibonacci retracement level).
The stop-loss level is set at 129 (just below its 38.2% retracement level).
It will appear that a falling wedge pattern is busy developing.
Such a pattern is bullish in nature.
Short Term Sell Off long Term GainsXMR has seen some recent loss in buying power (I have another post on day trade targets if you're interested). For long term potential, XMR has seen a large amount of buying pressure. Also consider that anyone that has bought XMR in the last 4 years or so, outside of a few bearish blips, would be selling at a loss right now.
I'll look more. into it but I can see it dropping to 80-90ish before it retraces. Depending on interest in this crypto, it might only blip down to 110. I'll look more into Fib retracements and how those function for perhaps a better answer on this bit. Long term Investment of this looks significantly better to me than most cryptos though if you were to buy in right now (which as per another post, I think most crypto is going to see a correction).
A serious chartThis huge chart is truly impressive to me.
If you like macro plays, this is possibly the best cryptocurrency chart.
This is a chart that should make you question the fundamentals of crypto.
The question is "Can Monero be the thing Bitcoin cannot be??" Should Monero become that thing? I don't know enough about it.
What I see is that Monero has some solutions for some of the technical problems of Bitcoin. Are they good enough? I'm not confident yet. But the chart says that there might be an interesting future for Monero.
This delisting event has done two good things Monero.
1. Eliminated weaker hands.
2. It drew attention to the project. Some people like me asked "What the hell is Monero?"
XMRUSD: bounce-back price action?A price action above 128.00 supports a bullish trend direction.
Increase long exposure for a break above 139.00 (its 50% Fibonacci retracement level).
The target price is set at 152.00 (just above its 61.8% retracement, which is also close to its 200-day simple moving average).
The stop-loss is set at 117.00 (is 23.6% Fibonacci retracement level).
Remains a risky trade.
Uncertain trend but the price is tempting at these levels.A potential reversal in a break of a swingtop, but it's in a uncertain trend on the daily chart. With the delisting on binance I know it can be a risky move to get in but with this sell of the RSI moved in the oversold and I don't see the coin killing itself like a terra Luna. These prices are really tempting considering we are in a bull market and this is a top 100 coin. But if we see if big pullback in the market, which we might cause where in a greed state, it could maybe test or go below 100. Right now it looks like a good entry.
XMR Short Opportunity (Delisting News From Binance)Bearish retest at important zone make sure don't over trade with this one and follow Stop loss as given and Target too.
✴️ Monero Looks Bad | 213,309% LongTerm Support Level ChallengedWhat is happening right now is bad for this pair... Monero is likely headed towards $33, sometime similar to what will happen to Binance Coin in the close future...
Good day my fellow Cryptocurrency trader, I am hoping you are having a wonderful day.
Each time I think about Monero I get images of the conversation a guy was having with Satoshi back in the early Bitcoin days. This guy was asking about certain features to make Bitcoin more private, I always get the feeling that he was a Monero coder/developer/creator, don't you think the same?
Monero (XMR) Long-Term Chart Analysis
The longest moving average we track is EMA300, Monero is currently trading below on a weekly basis.
We have important long-term, historical, support levels mapped on the chart.
➖ The main and strongest level is based on the Fib. retracement for the biggest bullish wave between early 2015 through early 2018. The 0.786 Fib. retracement level for this entire move, which produced a total of 213,309% growth, is set at $100.65. XMRUSD already wicked below hitting $99.34, on the highest bear volume since May 2022.
➖ The next support level that is relevant to us right now is the related to the bullish wave that took place from March 2020 through May 2021, we all know this one. Total growth peaked at 1,886% with the same 0.786 Fib. retracement being $131.25. XMRUSD is already trading weekly below this level...
If XMRUSD moves weekly above $140 this would be extremely positive, closing bearish below the above mentioned level can be detrimental and seeing that we have an almost 3 years long distribution phase, the fate of this pair has already been decided... I believe what we are seeing here is the same that we will see happen to Binance Coin and some other projects that will only come to light once I start looking at charts on a long-term basis.
What type of disaster is going to hit the Cryptocurrency market?
I can guess! Something related to Binance, Ripple and/or the SEC, or Kraken going down... Something completely unexpected, who knows.
Whatever happens though will be temporary and the end result will be strength.
It will be felt all throughout but nothing we haven't experienced before.
Potential targets (support levels)
I don't know if the bottom will be at $33, I lied about that one.
The incredible growth between 2015 and 2018 makes it hard for me to extract numbers as I usually do that can work as support for the long-term picture, here are some targets though:
1) $77
2) $58
3) $37
2) $29
The good news
Prices don't necessarily need to stay down, then can go down and then move back up... Think March 2020.
Thank you for reading.
Feel free to comment with your questions.
Thanks a lot for your support.
Namaste.
Monero one of those "wish I bought more"sYesterday Monero CRYPTO:XMRUSD dipped over -30% on new that Binance was going to delist it and other multichain (privacy based) currencies.
When I first saw the drop of my watchlist I feared that some part of the Monero protocol had been broken and that its privacy focus had been circumvented. Once I informed myself of the "reason" for the drop I became more bullish on Monero. The fact that it was being delisted for being "too private" means the protocol is working as intended.
I suspect that the drop was due to users of the largest crypto trading platform being forced to sell their holdings or covert them into other currencies to get them off the Binance platform. This is likely one of those price events where once the market realizes there is no fundamental change to the asset price recovers quickly.
From a technical standpoint; CRYPTO:XMRUSD Did not even hit the July 2022 critical low in this move.
Monero Playable- Well this chart will be a bit difficult to understand, so follow the graph and the famous bubbles..
- XMR i a strong privacy coin, notice the asymmetry from 2018 to 2022. stunning!
- XMR is not an FTX shitty token or a scam coin, this project is here to stay.
- Monero is comparable to Litecoin, they start always their bullish trends before the other altcoins.
- Litecoin because of his halving earlier than BTC, XMR because it's like the little brother of TheKing for the Darknet.
- So to play this trade you have to follow BTC movements, because if BTC dip more you know already what will happen to XMR..!
- Remember also that for now we could go sideway for while and it could be very boring, so be patient.
- Play like a robot don't be greedy, respect your gains and take your lose or hodl (up to your strategy).
- Always invest what you can afford to lose.
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Trading Part ( Look the chart to understand more )
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Now : Nothing to buy !! ZERO !
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Scenario 1 : Play the Dip ( Dangerous mode )
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- Buy 120$
- Rebuy 100$
- TP1 170$
- TP2 250$
- TP3 350$
- SL : 95$
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Scenario 2 : Play the Breakout ( Soft mode )
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- Buy 180$
- TP2 250$
- TP3 350$
- SL : 165$
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- if you understood my chart, i can tell you, Bravo!
Happy Tr4Ding !
Monero (XMR) to $4000The above 10-day chart has so much going on, how to keep it short? Of all the data I’m trawling through there’s an observation among privacy tokens that continually catches my attention, no matter which, there’s incredible bullish macro structure unfolding. With one in particular and it is not XMR.
On the above 10-day chart price action has corrected 70% since the sell signal (4-day chart below) in May of last year. A number of reasons now exist to be bullish:
1) The ‘incredible buy’ signal + bullish divergence (3-day chart below).
2) Price action breaks out of bull flag formation, just as it did in February 2020.
3) Price action tests median line of bull flag just as before in 2020 and confirms support with 10-day Dragonfly DOJI candle. Wow. What a beautiful fractal.
5) The bull flag extension takes price action to $1150
6) A larger Cup and Handle pattern is very clear to see. The pattern would confirm with price action finding support on $410. After that the measured target is $4000.
7) Wink wink nudge nudge - don't know what I mean? Shame. (for those in the know, rules confirmed).
Is it possible price action falls further? For sure.
Is it probable. No.
WW
PS: ask me for updates below.
Type: trade
Risk: <=6% of portfolio
Timeframe: 18 - 36 months
Return: 10-20x
4-day sell signal
3-day buy signal + bullish divergence