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XMRUSD trade ideas

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.
CRYPTO:XMRUSD
by whitewolf19
✴️ 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.
KRAKEN:XMRUSDShort
by MasterAnanda
3
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.
BITFINEX:XMRUSDLong
by norok
4
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. ---------------------------------------------------------------- Trading Part ( Look the chart to understand more ) ---------------------------------------------------------------- Now : Nothing to buy !! ZERO ! ---------------------------------------------------------------- Scenario 1 : Play the Dip ( Dangerous mode ) ---------------------------------------------------------------- - Buy 120$ - Rebuy 100$ - TP1 170$ - TP2 250$ - TP3 350$ - SL : 95$ ---------------------------------------------------------------- Scenario 2 : Play the Breakout ( Soft mode ) ---------------------------------------------------------------- - Buy 180$ - TP2 250$ - TP3 350$ - SL : 165$ ---------------------------------------------------------------- - if you understood my chart, i can tell you, Bravo! Happy Tr4Ding !
KRAKEN:XMRUSD
by thecryer
6
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
XLong
by without_worries
34
"Monero Roars: Bull Run Signals Potential Multi-Year Rally!"Monero (XMR): Chart Analysis Indicates Multi-Year Bull Cycle Amid Privacy Focus Monero (XMR), a leading privacy-focused cryptocurrency, is captivating the attention of traders and investors not only for its unique attributes but also for the compelling price setup that suggests a potential multi-year bull cycle ahead. Privacy at Its Core: Monero isn't just another cryptocurrency; it's a digital asset engineered for privacy and anonymity. Utilizing cutting-edge cryptographic techniques such as ring signatures, stealth addresses, and confidential transactions, Monero ensures that users' financial activities remain shielded from prying eyes. In an age of increasing surveillance and censorship, Monero stands as a beacon of financial sovereignty, offering individuals the ability to transact freely and privately, without fear of surveillance or censorship. Community-Driven Development: Monero's development is steered by a passionate and decentralized community committed to advancing the principles of privacy, security, and decentralization. Unlike many cryptocurrencies, Monero has no pre-mine or founder's reward, ensuring a fair and equitable distribution of coins from the outset. This grassroots approach to development fosters innovation and ensures that Monero remains true to its core principles. The Price Setup: Against the backdrop of Monero's privacy features and community-driven ethos, its price chart reveals a compelling setup that hints at a potential multi-year bull cycle. Technical analysts have identified what appears to be a six-year cup and handle pattern—a bullish formation that typically precedes prolonged periods of price appreciation. The cup formation, which began around 2018, showcases a gradual accumulation phase followed by a consolidation period characterized by relatively stable price action. In recent months, Monero has shown signs of breaking out from the handle formation, with price movements suggesting a potential upward trend continuation. Implications for Investors: For investors seeking exposure to a cryptocurrency with strong fundamentals and growth potential, Monero presents an enticing opportunity. If the cup and handle pattern indeed materializes into a multi-year bull cycle, investors could stand to benefit from significant gains over the long term. However, it's essential to approach investment decisions with caution and conduct thorough research, considering factors such as market volatility, regulatory developments, and macroeconomic trends. Conclusion: In conclusion, Monero embodies the principles of privacy, security, and decentralization in the digital asset space. As its price chart suggests the potential for a multi-year bull cycle, investors are presented with an opportunity to participate in the growth of a cryptocurrency that prioritizes privacy and financial sovereignty. While the outcome remains uncertain, Monero's fundamentals and technical setup offer compelling reasons to believe in its long-term potential.
KRAKEN:XMRUSDLong
by UnknownUnicorn2319099
XMR bullrun is nearIt is one of the symbols that is moving above 500 days in a limited RANGE. This symbol appears to be completing a very large diametric. The green area is the strong bottom. Now it seems that we are in the last correction wave, that is, G from G. The last corrective branch i.e. wave g of G is expected to be completed and the bullish wave will begin in the form of a large D wave For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
CRYPTO:XMRUSDLong
by behdark
1