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XMRUSD trade ideas

Monero: prerequisite of a short-te Long position with 10% ProfitHello, Traders! Monfex is at your service and today we overview XMR/USD . XMR is suspiciously the most passive recent time, so there is a premonition that it will soon rise up at least 10% for a day. Also Monero has a bullish divergence by RSI. But we remember about money-risk management and limit ourselves of possible losses! Active Trade Signal by XMR/USD Buy near $ 52-50.7 Take profit ~ $ 57 Stop at $ 49.45 Share your thoughts, ideas about the market under the chart. Watch for our Updates to be the first who gets well-timed 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 trading assets. 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.
BITFINEX:XMRUSDLong
by Monfex_UK
MONERO BACK TESTING A TRADE STRATEGYMonero is one of many protocols that presented excellent opportunity for growth / savings in the last bull run. Using the strategy I came up with below there were opportunities to capture massive gains. Stacking crypto responsibly. (of course this is not financial advice) Apply 50% rule for purchases - purchase initial position using half the amount you want to invest - only ever purchase more if the price falls by 50%, using half of the remaining amount - you have an infinite number of times to purchase - apply the same formula to any new crypto position Apply the 10% rule for withdrawals - sell 10% if position does 100x - sell 10% (of the remaining 90%) if it doubles from there - sell another 10% (of the remaining 81%) if it doubles from there and so on - you have an infinite number of times to sell Specific example: - lets say you had $1000 to buy Monero in 2014 - buy 500 at $1.00 - in the next 15 months you would have bought 500 more at .50 cents - and 500 more at .25 cents - you now have 1500 monero (cost $875) - in 2017 you sell 150 at $50.00 ($7500) (100x your average buy price) - sold 135 Monero at $100 ($13,500) - sold 120 Monero at $200 ($24,000) - sold 109 Monero at $400 ($43,600) - now you made $88,600 by selling roughly 1/3 of your original $875 investment. - the remaining 986 Monero has roughly never been worth less than $50,000 and for a very short window of time it could have been sold for $493,000 in addition to the $88,600 you made along the way. I currently apply the same formula to DGB, ETN, XRP, ADA, XLM, RSR, MFT, MATIC, LAMBDA, PRO, ZIL, VET, and some other less known cryptos. Stack responsibly People should pay me for this course! ha! Do you think there will be many cryptos that 100x, 200x, or 500x in the next bull run? I think so. There might even be a 1000x in there somewhere.
POLONIEX:XMRUSD
by GJMRealEstate
4
XMRUSD forming bullish Shark | A good long opportunity The priceline of Monero / US Dollar cryptocurrency is forming last leg of bullish Shark pattern and soon it will be entered in potential reversal zone insha Allah. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Volume profile is showing less interest of traders at PRZ level but MACD is strong bearish and Stochastic is in bear cross so for secure trade we can wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 54.991 to 53.916 Sell between: 55.705 to 57.596 Regards, Atif Akbar (moon333)
BITFINEX:XMRUSDLong
by moon333
XMRUSD formed a bullish BAT upto 119% expectedPriceline of Monero / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone to hit the sell targets soon insha Allah. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Price action is hitting the lower band of bollinger bands after Dec 2018 therefore we can expect a bounce from here, but volume profile is showing still interest of the traders even below the PRZ level and MACD is strong bearish and Stochastic is oversold but in bear cross so for secure trade we should wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 56.193 to 47.953 Sell between: 75.903 to 105.462 Regards, Atif Akbar (moon333)
BITFINEX:XMRUSDLong
by moon333
Monero Analysis: Intraday Timeframe Chart Patterns and Bullish BConclusion for today’s Monero Analysis: Price closing above ~65.518 implies bearish momentum slowing down and a potential change in the trend from bearish to bullish. Monero analysis for today is presented on a 6 hour timeframe. Chart examination is provided from December 2018 to current date. Also included in today’s Monero Analysis is the 200 moving average and 50 moving average used to track price movement and/or trend changes. The period from December 15, 2019 to June 23, 2019 produced an uptrend in Monero that has been followed ever since by down trending price action. Formation of a Head and shoulders top pattern between May 16, 2019 and August 14, 2019, as well as the downward sloping moving averages (200 and 50) provide further evidence for the current bearish trend in Monero. A bearish price channel (not shown here) can also be plotted to capture price action from the June 23, 2019 price peak till date. A break above the upper boundary of the channel could therefore provide confirmation of bullish momentum in Monero. Besides, ~65.518 is indicated on the chart as the price level to pay attention to as price recapturing the aforementioned level does suggest a slowing down of bearish momentum and/or change in the current trend from bearish to bullish.
BITFINEX:XMRUSD
by Coin_Analyst
XMR/USD BustedVery unfortunate. Impressive how one single weekly-candle can change everything (it's always been this way). XMR has two support levels waiting to "catch" it's fall. Breakout above support #1 is considered bullish. Top PSAR series are now far away from current performance, and considering the peak distance between the 50 and 200 moving averages (marked pink), it's likely to choose support #2 as it's bottom. For those in a loss, a quick reverse to 62'ish is possible (to close long-positions/enter short positions), but downtrend will continue. Personally I would step aside form this for a while. LINK/BTC and XBT/USD have much clearer indications. (lines and connections have been averaged with step-line on linear)
POLONIEX:XMRUSDShort
by UnknownUnicorn5323213
XMR USD More room to downside, short termExpecting XMRUSD to continue to a level around $60, not much lower, before returning to current range. Recent highest high is not expected to be broken until BTC USD returns to its bull run, i'm predicting this will not happen until mid 2020, before that i expect XMRUSD will continue to trade in the current range, this may change depending on price action over the next 6-8 months, however in the short term (1-3 Months) i expect XMR to reach around $60 and start to pull back up, not breaking $130
KRAKEN:XMRUSD
by ATGFX