XMRUSD formed bullish Shark | A good buying opportunity21 minutes ago
Priceline 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: 62.106 to 61.143
Sell between: 63.099 to 65.151
Regards,
Atif Akbar (moon333)
XMRUSD trade ideas
MONERO - $XMR - Developing impulse of Third-wave!Allowing for higher in a developing impulse!
Either a pair of ones and twos have unfolded, or wave ii remains incomplete and is tracing out a flat. There's no change to that view. A break of 55.47 would be needed to dismiss the pair of ones and twos. If it is breached, 50.83 would become critical support for the bullish case.
Key Levels: 38.50, 50.83, 55.47, 78.34
Monero Long Term Trend :)Good evening ladies and gents. Hidden bullish divergence on the MacD and Bullish Convergence on the RSI (Weekly Time Frame)closing in at a critical area of support at the bottom of a long term uptrend. Just another position I have been adding for the long term trade set up.
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$Usdc: 0xe3b95b4575d6456D090ac24Ad4DC8D46C9c97b2C
$Bitcoin: 3Jg9ng234aJdgz3zzt3iCyeb124eAmKs5N
$Ethereum: 0xd251Cc3b78e92191B5dEC4E0D2f2acDCa5B33599
$Litecoin: MRHupJeTegPM2a8AJewC3B1oqq7Mpjr1MK
$Xrp: rw2ciyaNshpHe7bCHo4bRWq6pqqynnWKQg
Tag: 2183371567
$Bat: 0x9b95E0Bd4556dbb0b407B32f43B923607b896F48
$ChainLink: 0x559d92B08D72Fe20B0aF063ebE59ead6612c2b00
$Dash: Xq5kCnMknHrknC2ipw1JGuRcdbDtbTSqWU
$Beam: 553e2b176e611674559f92b8fa10f5d129bd80acd14fb5f8d6e387ab4f0b281144
$XMR: 4DSQMNzzq46N1z2pZWAVdeA6JvUL9TCB2bnBiA3ZzoqEdYJnMydt5akCa3vtmapeDsbVKGPFdNkzqTcJS8M8oyK7WGj2kh3ajCzSUSAQTr
Buy at the trendline - approx $62. Looking to break $75. If ALTSEASON is upon us, then $100 might be in the picture long term. For now, we have a rejection at the lower trendline. If the trendline holds, and it should, we can see price hit the $75 mark.
Buy at $63; Stop Loss at $61.
TP = $75
TP2 = $100
Will Monero growth before the hard fork?Monero, both technically and fundamentally, looks like a good asset to consider buying it.
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Fundamentally: A hard fork is expected at the end of November (November 30). Monero is going to activate an update in its blockchain aimed at increasing the privacy of RandomX users (the new Proof of Work algorithm). The transition to the new RandomX algorithm is aimed at solving one of the main problems of this cryptocurrency, namely hidden mining.
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Technically: After the breakdown of the previously formed resistance level in the region of $ 58 / $ 60, we observe a nice price tightening, which in turn forms the figure of the technical analysis “Rising Triangle”. To all this, on the chart, sometimes increased volumes for purchases pop up. The RSI indicator cools slightly at the moment of preload, which gives freedom for further upward movement.
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Bottom line: In the aggregate of the positive fundamental component, supported by technical analysis, which also speaks more for the continuation of the upward movement, it is worth taking a closer look at this asset now, but with a short stop order, or go into a true breakdown of the triangle with the first target in the region of $ 70, and the second in the area of $ 75, where the price is more likely to meet resistance from sellers, these levels coincide with the levels of 0.618 and 0.786 Fibonacci. Meanwhile the market depends upon the bitcoin`s movement: if bitcoin goes down sharply, then this triangle can be broken down.
XMRUSD : LONG"Google is planning to offer checking accounts within its Google Pay app", The Wall Street Journal reports.
This is my strongest foothold in this analysis. There may be good news for the "Hodl"ers.
Including non-trace technology, this expectation may increase the demand for Monero.
I guess they were the first to integrate this technology successfully inside of this cryptocurrency.
I think that cryptocurrencies with this feature and high daily transaction volume should be carefully monitored for buy oppurtunies.
Stoploss : 51.2
Goal : 104.5
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XMR UpdateLines and connections have been averaged on step-line over log for higher precision. Formation is confirmed (in blue) by multiple points, especially on the 'monthly' interval. The red trend line is unfortunately invalid, as the first peak created too much empty space, which is usually the number one cause for a formation to bust at the end. I used to like Monero until it busted a key support area (see previous chart) and so it's generally speaking a clear short until further notice . Technically there is some headroom for a retest towards 65 but ultimately you'll see another drop by the end of this month to the low 40's. So I'm dropping this ticker off my watchlist for a while as I will be focusing more on high-volume crypto tradables.
(XMR) Monero could be a good Call!Hi, Traders ! Monfex is on the air !
BTSE, a UAE-licensed cryptocurrency derivatives exchange, announced the launch of Monero (XMR) futures trading on its platform.
* The exchange is considered to be the only one supporting XMR futures trading. It also announced that XMR Futures would provide investors with various payment options, while traders could also use it as collateral.
* In general terms, Monero is regarded as a privacy coin because of its untraceable and private nature. A prompt comparison among the privacy featured coins shows that XMR takes the first place by market cap, total fees, and GitHub activity.
* In terms of pricing, Monero is far off (down appox. 90%) from its ATH of $500, registered in December 2017.
* XMR's market cap is now estimated at $965 million, while its trading volume averages at around $26 million, which ranks XMR 14th on the Brave New Coin market cap table.
* Technically, Monero stays within a wedge and is currently closer to its upper band. At the same time, XMR's price is located between the two Fibonacci time zones, so we expect to see a significant (local) top (or bottom) by the end of the year.
* Directionally, we incline more toward a Long shot with the price target area at $85 - $95 level.
Mid-term trade signal
Buy @ $50 - $60.
Target: $85 - $95.
Stop-loss: $48.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
(XMR) Monero could be a good Call!Hi, Traders ! Monfex is on the air !
BTSE, a UAE-licensed cryptocurrency derivatives exchange, announced the launch of Monero (XMR) futures trading on its platform.
* The exchange is considered to be the only one supporting XMR futures trading. It also announced that XMR Futures would provide investors with various payment options, while traders could also use it as collateral.
* In general terms, Monero is regarded as a privacy coin because of its untraceable and private nature. A prompt comparison among the privacy featured coins shows that XMR takes the first place by market cap, total fees, and GitHub activity.
* In terms of pricing, Monero is far off (down appox. 90%) from its ATH of $500, registered in December 2017.
* XMR's market cap is now estimated at $965 million, while its trading volume averages at around $26 million, which ranks XMR 14th on the Brave New Coin market cap table.
* Technically, Monero stays within a wedge and is currently closer to its upper band. At the same time, XMR's price is located between the two Fibonacci time zones, so we expect to see a significant (local) top (or bottom) by the end of the year.
* Directionally, we incline more toward a Long shot with the price target area at $85 - $95 level.
Mid-term trade signal
Buy @ $50 - $60.
Target: $85 - $95.
Stop-loss: $48.
Watch for our Updates to get real-time superior signals!
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Monero (XMR): Privacy Now MattersA lot of big players in the crypto space believe that privacy is not a reason to invest in a coin. We believe the reasoning is that privacy is a feature that might be added to any big coin out there to increase its appeal. While we don't presume to debate the blockchain technology details, we do know one thing.
With the communist Chinese saying they want to dominate blockchain and the American socialist left rising fast, one thing is sure. Governments want to either track your money, take your money, or both. So, in our view, privacy - once considered dead - is THE economic issue for the wealthy headed into 2020.
Looking at the chart of the highest-profile privacy play Monero (XMR), we see a breakout above a significant Fib resistance level near 60. This Fib speed line has stonewalled Monero (XMR) all year.
Bottom Line: We think Monero (XMR) is breaking out. For us, the risk-reward is beneficial to get involved now and bet the privacy theme grows over time.
Monero Technical Analysis - XMRUSD - 31%-404% Profit ExpectedMonero - XMRUSD - Technical Analysis - 31%-404% Profit Expected
Don't Miss This Profitable Opportunity ... 4x - 5x Gains Expected.
Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :)
In a lower time-frame (4hrs) this long position has also been confirmed.
Target Profit Range - 51 - 169
(31%-404% Profit Expected)
TP - 1 - 51
TP - 2 - 74
TP - 3 - 100
TP - 4 - 124
TP - 5 - 147
TP - 6 - 169
Buying Zone! Long Position
Early Entry Trigger Point - 36 - 39
Ideal Entry Trigger Point - 32 - 35
***If you want to get in this trade from this point 60 you can still make 23% profit till TP2 is reached, however, there is a very high probability that price may continue to move down towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly.
Good Luck.!
Disclaimer - This is not financial advice. This is my personal view and analysis of this chart.
If you follow this idea please plan your trade according to your lot size and account equity.
Don't forget to like, comment & follow , If you agree with my analysis :)