XMRUSD trade ideas
xmrusd 8hour chart best level to buy 60%//120% gain prjsyndicateshort term next 2-4 weeks
bear mode very likely
don't expect gains
best level for buy/hold
traders near 34//40
up to 120% upside
target bulls 34//40.
right now if you want to trade xmrusd
look to short sell any rips.
upside very limited from here.
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Monero first will go down than ... lets look I think before we start go extremely high it must test 50usd once last time . It is simmilar for another top 10 altcoins situtaions where I predicted a drop on Ethereum for example .
Look also what option could interest You
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XMRUSD formed bullish Shark | Upto 29% bullish movePriceline of Monero / US Dollar cryptocurrency has formed bullish Shark pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 52.949 to 49.193
Sell between: 56.295 to 63.804
Regards,
Atif Akbar (moon333)
XMRUSD: Trend Reversal SignalThe price bounced from 45.00 support level. RSI confirms the price reversal. MACD histogram supports a possible upward movement.
We have a trend reversal signal based on a bullish divergence. It is possible to buy based on this signal, but it will be better to wait for a breakout above the main downtrend line. If the price can move above the trend line and SMA100, it will give us another bullish signal. This trade will be good if you want to catch a new uptrend movement.
Get out of XMRImminent 'monthly' 20/50 MA-Cross, consistent lower highs for 2 years straight. Exit your long position or balance your trade. Strong-Sell (short) initiated for XMR to 27 with lows of sub 24 within 3 months. Possible quick rebound from there but general down-trend to continue long-term.
XMR/USD LONGXMR/USD
XMR is another pair with USD facing a falling wedge form. XMR recently hit the bottom of the wedge and bounced with a strong green wick in a bullish direction. This was also the touch of the top of a strong support zone. I expect the bounce to continue here to rock outside the wedge and hit T1 at $51. The stoch has already crossed bullish and RSI has bounce off oversold. Right now, everything is pointing upward and I expect the rise to continue. Look for a touch of the 50 MA at T2 at $55, then on to the final target above the 100 MA at 60. Expect a top close to here as we reach the previous bounce high, recommended to take profit following the according profit lines.
Possible Entries: $47.00-47.40
Monero super cycle!we are about to form the C wave of the bigger correction, which is the 5th on the inferior bear impulse, the 5th will make an oscillator divergence with the previous low (3rd). then we will be on the end of a super cycle II wave and launch to a huge long III and V wave !! be ready for the ride !
Xmr Bullish Signals buildingGood evening,
Xmr is creating Bullish Divergence for the first time in a very long time. The last time we saw MacD Bullish Divergence alone was July 16th, 2019. Before that, the last time we have showed real daily Bullish Divergence was at the bottom of the bear market on December 15, 2018. That is right, we haven't had real Big Daily bullish Divergence since December 15, 2018. After that Divergence, it manifested into 3-4x in price action from it's bottom to its $120 top. Now, I am not saying we'll see moves that big coming in the near future, but I am say that at the least a major retrace is coming. We have sold off to our deepest retrace at the .886. That is your deepest retrace. My premium members will know when and where exactly I go long on Xmr along with Bitcoin and a few other alts. Don't be the one scrambling to find an entry and then fomo'ing after the prices have already sky rocketed, Join our Premium group with our Christmas deals of only $15 a month, $75 for 6 months and $120 for an entire year of trade set ups and pending education on technical analysis.
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Monero Price Analysis: Sustainable RecoveryMonero has posted double-digit gains following a strong bullish reversal from $45.00. The cryptocurrency is now attempting to recover from an eight-month trading low.
The XMR/USD pair had declined by over 30 percent since the start of November and is currently trading around 58 percent below current 2019 trading high.
Technical analysis shows that the XMR/USD pair is still technically bearish over the short and medium-term, however, signs are emerging that the recent recovery could be sustainable.
The four-hour time frame shows that a small inverted head and shoulders pattern has recently been triggered, with the $65.00 level the overall upside objective of the bullish pattern target.
A rally towards $65.00 would also help to create a much larger reversal pattern that could eventually send the XMR/USD pair towards the $85.00 level.
The daily time frame shows that sellers tested the top of a falling wedge pattern during the recent decline, with buyers successfully defending the technical test.
The daily time frame shows that the XMR/USD pair will be in a prime position if buyers can accelerate the recent recovery towards the $78.00. This would help Monero recover above its 200-day moving average and reclaim its technically bullish status.
The Relative Strength Index on the daily time frame shows that the recent recovery is pulling the coin away from oversold positions.
According to the latest sentiment data from The TIE, the short-term sentiment towards Monero is neutral at 56.50 percent, while the overall long-term sentiment towards the cryptocurrency is neutral at 33 percent.
XMR/USD H4 Chart by TradingView
Upside Potential
A break above the $91.00 level would have the August 8 swing-high at $98.00 as the strongest form of technical resistance. The daily time frame currently shows four lower price highs, making a break above the most recent swing-high, at $91.00, technically very important.
The daily time frame highlights that the XMR / USD is trading below the 50-day moving average, at $87.00, but above its 200-day moving average, which is found at the $74.50 level.
Downside Potential
The four-hour time frame is showing that the XMR/USD pair has strong medium-term technical support around the $52.00 and $48.00 levels.
Critical long-term technical support for the XMR/USD pair is located at the $45.00 level.
Summary
Monero has staged a strong recovery from an eight-month trading low owing to the broader cryptocurrency market.
A sustained rally above the $65.00 level would help encourage traders to continue to buy the XMR/USD pair, with the $85.00 level the medium-term upside objective.
Don't miss the great buy opportunity in XMRUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (52.17). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XMRUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 59.85
TP2= @ 66.80
TP3= @ 81.60
SL= Break below S2
Don't miss the great buy opportunity in XMRUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (52.17). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XMRUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 59.85
TP2= @ 66.80
TP3= @ 81.60
SL= Break below S2