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 :)
XMRUSD trade ideas
MONERO SHOWING SIGNS OF MAJOR POSSIBLE BOTTOM: XMRUSD The risk/return profile is very attractive with the current structure, as shown with the stop just under the current lows (with a daily close; manual stop) and a hard stop set (automated stop).
The weekly chart below shows we are trading in the same range before the second half of the 2017 rally. Accumulation is represented when an asset displays demand consistently at a certain price level. This is clearly displayed in Monero at the $50 - $60 range.
When one asset represents one type of behavior in its respective asset class, it is usually a good indicator for the entire asset class (in this case, altcoins, or even more specific, privacy coins). However, over the years I've learned it is better to focus on the trade structure of the asset you're analyzing rather than connecting the web that benefits your thesis (even if it makes a lot of sense). With that said, analyze each asset separately and determine a risk management protocol that works with the overall portfolio.
Monero Maximalists Are the FUTURE!!!Hey Monero Maximalists!
“Monero is what Bitcoin noobs think they bought, which is fungible, digital, sound money.” - Dr . Daniel Kim
It is my sincere opinion that there is no project more undervalued than Monero (XMR). During the Bitcoin crash on September 24 and again this week, I am salivating at the cost of cheap Monero. Start looking around for anything not nailed down that you can sell for Monero.
Monero is the solid foundation from which we will have the next solid and sustained crypto boom.
Again, it is incredibly surprising to us how undervalued Monero currently is.
Caution! It is very important for you to heed caution as I write this. Just because you and I know the intrinsic value of Monero, does not necessarily mean that the rest of the statist influenced world “sees it.” Sometimes we can see things so perfectly that we forget the simple fact that the masses do not “see it” at least, not yet.
It is important for us not to lose sight of the bigger picture; that the irrational masses do not care for Monero or are ignorant of its offering.
In taking the insanity of the masses into account we can safely assert that the best game plan with Monero is to use it as your true crypto savings account. No other crypto currency will provide you with the level of security that Monero offers you.
That is, live, work and play with the rest of crypto currencies but use Monero as your special stash. That is what I practice. That is what I preach.
It is important in times like this to realize that I could be so correct in the long term assessment, that we could miss out on how things could unfold in the short term. That is, you could predict the future so well that you forget the insanity of the masses.
Good news!!! Because of the insanity of the masses, we stand to make incredible future gains! While everyone was freaking out on September 24, we were in awe of discounts in the crypto market. Most notably, that Monero price!!!
I am buying Monero and you should too! These prices cannot be passed up on!
One thing to note is that many Bitcoiners agree totally with the importance of fungibility and privacy. Unfortunately, there is some sort of cognitive dissonance amongst many Bitcoiners. As much as they agree fully with Monero being better than Bitcoin ( BTC ), they cannot seem to move beyond BTC as their top pick. Elliptic (a blockchain analysis government contractor) raised $23 million to use artificial intelligence and machine learning to spy on you.
These same Bitcoiners that still prefer BTC over XMR are on their way to being blacklisted and abused by financial institutions. I do expect a large number of BTC maximalists to become Monero maximalists in the future. The cognitive Bitcoiner dissonance cannot last forever. If the trend of surveillance continues, then in my humble opinion, it would be idiotic for a BTC maximalist not to flee to Monero.
Stay ahead of the masses,
Seth Maniscalco
Founder, Crypto Wealth Coach LLC
Owner, Modern Wealth Management LP
www.CryptoWealthCoach.com
Monero (XMR): The Heart BreakerPrivacy fans will no doubt be intrigued by the rally in Monero (XMR) today. The catalyst for the rally in Monero (XMR) is supposedly related to the fact that Bitcoin, not a privacy coin, was involved in a justice department bust of a massive online child porn operation. According to news, the NY firm Chainalysis helped investigators read transactions on the Bitcoin (BTC) blockchain and trace them back to the sources. One of the keys to the bust was the blockchain was used to trace transactions back to exchanges. The Know Your Customer (KYC) research done by exchanges
Just looking at the chart, Monero (XMR) could head towards a big Fib speed line at 64. Monero (XMR) has broken the heart of the bulls each time it has approached and rejected that level. XMR has hit that speed line five different times and been rejected.
Bottom Line: We respect what could happen on the upside in Monero (XMR). That said, whether or not a coin is or is not involved in a crime is a good reason to invest.
MoneroThe most resilient coin to the pump and dump, probably because it is actually being used.
Signs of reversal are beginning to show. I'm long vs BTC.
Altcoin markets will begin to form their sucker's rallies and bull traps.
The ones that have proven their worth to the trading algorithms should rally to 50-70% of their respective ATHs over the next 6-12 months.
The ones that have not proven their worth will dead cat bounce, to trap some bulls, then descend into oblivion.
I doubt we'll see more than 10-20 coins that currently exist survive, so be very careful with what you pick.
BTC dominance has topped, so the coins that ARE going to survive will also get a boost from BTC flowing into them from the dead coins.
We should see near ATHs relative to BTC again.
Big MAYBE...
XRP to 0.00020000 BTC
XMR to 0.025 BTC
ETH to 0.1 BTC
LTC to 0.02 BTC
DOGE to 0.00000150 BTC
BCH to 0.2 BTC
ETC to 0.005 BTC
KMD to 0.00060000 BTC
MCO to 0.002 BTC
And yes, I know most of these predictions will be wrong, so enjoy yourselves, trolls. : )
Monero: a successful scalp trading is here! Hello, dear Traders!
Monfex is at your service and today we overview XMR/USD .
Monero broke the resistance line of the descending channel, but we have the key level for confirmation of a further growth !
XMR is suspiciously the most passive in recent time and now it starts to growth.
The great resistance zone ~ $ 57 .
This long idea also supports the positive volumes.
Also Monero has a bullish divergence with realization of it and for now with the bearish divergence by RSI with influence of which can rebound the price to the $ 53.5 .
But we remember about money-risk management and limit ourselves of possible losses!
Supposed Trade Signal by XMR/USD
Long with confirmation of breakout near $ 58.7
Take profit ~ $ 65 - 66
Stop loss at $ 56.1
Market Cap
$991 836 816 USD
Volume (24h)
$147 798 879 USD
Circulating Supply
~17 262 257 XMR
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.
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.
Monero in falling wedgeDespite that most of altcoin are strongly bearish on the chart of Moneru we have nice bullish pattern. We can see falling wedge and now price must consolidation before the breakout. Other details are on the chart.
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