XMRUSD-monero coin head and shoulder+rising channelXMRUSD
After reaching the 100.00 level the price got rejected and formed a head and shoulder pattern has formed. 98.415 is a major resistance level for the bull
Right shoulder was formed on September 01 and felled up to 74.400 level which is a low volume area and bounced back. And formed series of HH HL HH HL in rising channel. As we see the bull has losing its strength.
Currently the price is trading above 50,100,200 exponential moving average. And Ichimoku cloud is acting as support for the minor bullish run. At the time of writing this idea minor bearish engulfing candle is forming at 4 hr timeframe
It has reached the minor trend line which will support the minor upward moment until 98.400.From this level we can sell this crypto and the subsequent targets will be 90.000 comes with 50% Fibonacci and 81.000 comes with 78.6% Fibonacci retracement level. And the swing target will be 74.00. Stop lose may placed above the 100.00 level
This will give as a 1:12 risk reward ratio
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XMRUSD trade ideas
Xmr on a small timeframe. Could get above 100 tonightXmr on a small timeframe. Could get above 100 tonight
XMRUSD: Local prospect (17/09/2020)On D1, the price rose above the Ichimoku cloud, which is directed downwards. Also, earlier was found the support at the level of 61.8% by Fibonacci.
In general, the downward movement from August 21 to September 5 can be identified as a correction.
The upward impulse is well seen on H4, which may be the first impulse for the continuation of medium-term growth.
RSI is in an indefinite state, which indicates a possible start of a local downward price correction.
We recommend buying when the RSI reaches the oversold level on H4.
XMRUSD: Downtrend 06.09.2020At D1, the cloud is directing downward, indicating a downtrend.
The price broke the uptrend line and divergence between the RSI and the price was formed.
At H4, the cloud is directed downward, which indicates a downtrend. In addition, the RSI has reached the oversold level, which indicates that the sharp decline will soon stop and the price correction will begin upward.
We recommend looking for sales in the direction of a downtrend.
XMRUSD weekly: XABCD BEARS 50%+ correction(SL/TP)(NEW) Why get subbed to to me on Tradingview?
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XMRUSD weekly: XABCD BEARS 50%+ correction(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagges as SHORTbecause I expect more short-term
losses and mid-term losses(BEARS).
🔸 Summary and potential trade setup
::: XRMUSD weekly chart review/outlook
::: BEARS XABCD setup in progress
::: already topped out at 886 point D
::: 50%+ correction pending
::: short sell any rips/bounces
::: going a lot lower next few months
::: TP BEARS 30/34
::: SWING TRADE SETUP
::: recommended strategy: SHORT RIPS/BOUNCES
::: alternative strategy: SHORT AT MARKET
::: TP bears is 50%+ gains
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/DUMP
::: Sentiment outlook short-term: BEARS
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XMRUSD 2D: Best Level to BUY 40% gains (SL/TP)(NEW SETUP) Why get subbed to to me on Tradingview?
-TOP author on TradingView
-15+ years experience in markets
-Professional chart break downs
-Supply/Demand Zones
-TD9 counts / combo review
-Key S/R levels
-No junk on my charts
-Frequent updates
-Covering FX/crypto/US stocks
-24/7 uptime so constant updates
XMRUSD 2D: Best Level to BUY 40% gains (SL/TP)(NEW SETUP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: XMRUSD chart review/outlook
::: re-accumulation in progress now
::: overall strong chart looks good
::: previously accumulated and
::: and broke out
::: now takes time to digest gains
::: great reload BULLS near range lows
::: 40%+ gains possible soon
::: buy into pullback and get paid
::: SWING trade setup / patience required
::: recommended strategy: BUY LOW near 81/83 USD
::: near 81/83 USD USD best RELOAD BULLS
::: TP1 +40% gains TP2 +40% gains
::: BUY/HOLD setup / no fast gains here
::: just buy low and get paid, period
::: good luck traders
::: details: see chart
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BULLS
::: Sentiment outlook short-term: PULLBACK/DIPS/PRZ
Monero XMRLooking to punch through 96 and go to 100-120 forward, dips being hoarded, its like a pressure cooking that will blast upward.