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XMRUSD trade ideas

Monero Cup and Handle Just flipped the Monthly SARIntroduction I have been waiting for an OG coin alt season for over a year now. A lot of the top 10 or top 20 coins from 2015, 2017 and 2017 massively over performed compared to bitcoin and Ethereum and have had to go through an even longer cooling off period than those cryptos did. Monero has dropped to the 20s in coinmarketcap.com’s rankings and some of the coins I favor as trades and ideologically are a lot lower. I got a bit excited around February/march of 2022 but did not get the follow through that I was hoping for. Now that I have see a flip of the monthly parabolic SAR I am a lot more optimistic that a high probability move to the upside is beginning in Monero and my choice alts. Since they are lower down in market cap one cannot build a position as easily as one could in a top 10 or 20 coin. There is a lot of wicks and slippage when entering a position too enthusiastically or carelessly. I cannot just market into a margin position without creating a wick that immediately puts me under water and messes up my margin level. But if I am right the gains will be worth it. Main Analysis The Parabolic SAR is quite a nice indicator on the higher time frames. It was literally named Stop And Reverse and was designed to find places where price can take a U turn. If you are expecting a multi-month or multi-year to happen based on whatever (analysis, fundamenals, etc) a flip of the SAR helps clear “technical resistance” much in the same way clearing the 200SMA in a bear market is a sign that a bull market is brewing. Another technical resistance we have cleared is the resistance line of the flag. We popped through quite nicely and have been going sideways for about 10 days after the initial move began. While there is a chance that we can retest the flag’s previous resistance as support I think it is more likely that price pumps. A lot of biases of a lot of traders should have flipped to bullish with the SAR. The bull season is still in the early stages and there is still a lot of doubt but generally the bulls will be winning. Other Charts The monthly chart for both other times the Parabolic SAR flipped bullish look amazing when viewed with Heiken Ashi candles. Massive 50-70 percent pull backs don’t seem to matter anymore when viewed on the HA chart. The idea that I can get into this trade the first week it is happening is pretty exciting. The Parabolic SAR is usually used with some momentum indicator and the inventor of the Parabolic SAR liked to use another of his creations, the ADX. Here is a simplified version. Looks promising. The chart below shows the long term SMA situation. Price is winding up for its next move between the 200 and 100 SMAs. I think it will be to the upside in a big way. My channels chart set up has the gaussian and Keltner channel (1 and 2 ATR multipliers). Price is struggling at the guassian midline and I think we will see an upside resolution. The chart also shows that the keltner midline (the 20 EMA is a good place to buy pull backs on this uptrend if it is similar to the 2016 uptrend. Lots of people like to talk about price action but don’t spend enough time talking about volume action. One of the best indicators for volume is the On Balance Volume and with some moving averages it is really easy to tell when the long term buying and selling pressure has flipped. I am very optimistic that XMR’s OBV SMAs will flip bullish. Since volume can vary by exchange here is Binance as well Where is the money going to come from? Money has to come from somewhere to pump XMR and the other OG coins I favor. I think it is going to be rotated out from the ETH ecosystem. Many times a W pattern will have price pump to a double top or even all time highs and then price returns to the rise between the valleys. The chart below shows that both XMR and LTC had price return to the rise between the valley. Also, my linked ideas will have my bearish post on NDX. I think the equity markets will be howling here shortly as price retraces deeper. My plan I am looking to add to my positions with a simple pull back strategy. When both the Log MACD and Stoch are below zero know we have just had a pull back and that pull back will have generated some support and resistance lines. I will look to buy when price is again above that resistance line and catch some momentum. This will help me not buy and have the price continue to fall which is always nice. I will not be buying the bottoms though. I do not like the idea of buying things and having it be the same price six months to a year later. Much nicer to buy the pull back and watch price climb out of the hole and not return. I have this planned for a lot of the OG coins, many of which are now in obscurity. Zcash and Dash are in the 70s and 90s. Very low market cap. XPR, BCH and others are still rather big but not as exciting but they are going to be bought on pull backs just the same. XMR also topped over 200 days before total 2 did on this last uptrend. I have to be prepared to rotate out of XMR and into other coins if XMR reaches its major targets.
KLong
by This_Guhy
25
Moneo(XRM) Nothern Journey beginsMonero bulls defended $152 support- Is $168.8 achievable Strategy Bullish Profit Target 168-172 If Break above 179USD and 3days closing successfull above 179 The strategy turns to Tend Strategy Bullish Risk Management: Proper trailing stop XMR dropped to its previous parallel channel’s mid-level of $152 after BTC retreated to $26K on 28 March. The $152 level also coincided with the Fixed Range Volume Profile’s POC (point of control) line, which attracted increased trading volume. The recovery blasted above the local resistance at $157.6. Bulls could push XMR to $168.8 if they clear the obstacle at $165. A strong BTC upswing into FWB:29K could tip XMR to target other key resistance levels, including $179 and $187. A close below $157.6 could attract bears into the market. However, bears must clear the $152 hurdle to gain market leverage to sink XMR to $145 or $135. The Relative Strength Index (RSI) dropped but rebounded and was above the 50 mark at press time, showing increased buying pressure in the past few days. Similarly, the On Balance Volume (OBV) exhibited an uptick, showing XMR saw increased trading volumes as demand soared in the past few days. Monero registered mixed performance in Q1, 2023. It appreciated by 40%, rising from $148 to $187 in January. In February, it consolidated before sustaining a price dump in mid-March, sinking it to $135. But XMR saw aggressive demand at the $135 level, setting it up for recovery. Bitcoin zoomed to the FWB:29K level before retreating to $28K – indicating a bullish sentiment despite the increased U.S. regulatory pressure on the crypto industry. If BTC reclaims the FWB:29K and surges upwards, XMR could attempt to retest or break above a crucial stiff resistance level. In addition, XMR saw more liquidation of short positions than long positions. About $45.5K in short positions were liquidated in the past 24 hours, while only $3.7K in long positions were wrecked in the same period. It shows short-positions were paying long-positions – an underlying bullish sentiment that could boost the uptrend. But investors should track BTC’s price action to determine whether XMR could overcome the obstacle at $165.
CLong
by DaveBrascoFX
14
XMRUSD MONERO Long Bullish can go to 190 USDAccording to our current Monero price prediction, the value of Monero is predicted to drop by -2.32% and reach $ 164.17 by July 6, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 59 (Greed). Monero recorded 21/30 (70%) green days with 7.04% price volatility over the last 30 days. Based on our Monero forecast, it's now a good time to buy Monero. Based on data from July 01, 2023 at 20:43, the general Monero price prediction sentiment is bullish with 25 technical analysis indicators signaling bullish signals, and 8 signaling bearish signals. Technical Analysis Bullish 1 Monero makes 3 weeks Higher Lows and Higher Highs 2 Trend continuation Confirmation RSI See Circles 10 Nov 2022 9th March 2022 10th June 2022 3 RSI is above 50 4 Rsi confirmation is Bullish 5 Volume is increasing Bullish 6 We have rising POCs 7 Volume Value has been shifting higher 8 Monero is currently trading above the 200-day simple moving average (SMA). The 200-day SMA has been signaling BUY for the last 8 days, since Jun 23, 2023. The price of Monero is currently above the 50-day SMA and this indicator has been signaling BUY for the last 9 days, since Jun 22, 2023. The most recent Death Cross in the Bitcoin market happened 30 days ago, on Jun 01, 2023. Meanwhile, a Golden Cross last occurred on Jan 09, 2023, which was 173 days ago. Based on our technical indicators, Monero's 200-day SMA will rise in the next month and will hit $ 153.22 by Jul 31, 2023. Monero's short-term 50-Day SMA is estimated to hit $ 159.61 by Jul 31, 2023. The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 74.32, which indicates that the XMR market is in a overbought position. The RSI indicator suggests that the price of XMR will increase. Monero reached its highest price on Jan 9, 2018 when it was trading at its all-time high of $ 593.42, while Monero's lowest price was recorded on Jan 14, 2015 when it was trading at its all-time low of $ 0.212967. The lowest price since it's ATH was $ 26.23 (cycle low). The highest XMR price since the last cycle low was $ 514.43 (cycle high). The Monero price prediction sentiment is currently bullish, while Fear & Greed Index is showing 59 (Greed). Monero's current circulating supply is 18.30M XMR out of max supply of 18.20M XMR. The current yearly supply inflation rate is 0.86% meaning 156,872 XMR were created in the last year. In terms of market cap, Monero is currently ranked #5 in the Proof-of-Work Coins sector, ranked #1 in the Privacy Coins sector and ranked #15 in the Layer 1 sector. Highlights Price has increased by 48% in the last 1 year Outperformed 79% of the top 100 crypto assets in 1 year Trading above the 200-day simple moving average 21 green days in the last 30 days (70%) Trading on Binance Trading with Euro Yearly inflation rate is 0.86% Monero price in US Dollar has increased by 13.08% in the last 1 month. XMR is up 10.29% against Ethereum and down -0.47% against Bitcoin in the last 1 month. The top-performing year for Monero was 2016 when the price of XMR increased by 2,830.22% from $ 0.470402 to $ 13.78. The worst performing year for Monero was 2018 when the price dropped by -86.72% from $ 349.16 to $ 46.38. The average yearly growth of Monero over the last 10 years is 595.55% per year. Usually, Monero performs best in Q3 with an average of 59.43% gain and worst in Q2 with 11.17% gain. Risk Analysis Outperformed by Bitcoin and Ethereum Down -72% from all-time high Has medium liquidity based on its market cap How is the price positioned in comparison to the all-time high? The price is currently down -72% from the all-time high. How is the price positioned in comparison to the cycle high/low? Monero is currently trading at -67.40% below cycle high and 539.17% above cycle low. Is the price highly volatile? The 30-day volatility is above 30% and is currently at null% Does it have enough liquidity based on market cap to volume ratio? Has medium liquidity with 0.0282 volume to market cap ratio. The current market cap is $ 3.07B while the 24-hour volume is $ 86.46M Is the total supply high in comparison with the circulating supply? Over 101% of the total supply is in circulation. Is the current inflation below 2% per year? The yearly inflation rate is 0.86% meaning there were 156,872 coins generated in the last 1 year. According to our current Monero price prediction, the value of Monero is predicted to drop by -2.32% and reach $ 164.17 by July 6, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 59 (Greed). Monero recorded 21/30 (70%) green days with 7.04% price volatility over the last 30 days. Based on our Monero forecast, it's now a good time to buy Monero. Comparing Monero against other important technological innovations and trends is one way of predicting where the Monero price could head over the long term. The table above shows what the Monero price would be by end of year 2024, 2025, and 2026 if its growth trajectory followed the growth of the internet, or large tech companies like Google and Facebook in their growth phase. In the best case scenario, XMR price prediction for year 2026 is $ 3,836.33 if it follows Facebook growth. In case Monero would follow Internet growth the prediction for 2026 would be $ 440.09. Monero Key Price Levels Based on today's classical pivot point (P1) with the value of $ 166.97, Monero has support levels of $ 164.34, $ 160.29, and the strongest at $ 157.66. Similarly, Monero resistance levels are at $ 171.02, $ 173.65, and $ 177.70.. Monero Correlation Over the past 7 days, Monero price was most positively correlated with the price of TRON (TRX), Stellar (XLM), Bitcoin Cash (BCH), Zcash (ZEC) and Bitcoin SV (BSV) and most negatively correlated with the price of XRP (XRP), OKB (OKB), Cardano (ADA), NEM (XEM) and Binance Coin (BNB). Monero price is positively correlated with the top 10 coins by marketcap with a value of 0.119, excluding Tether (USDT) and positively correlated with the top 100 coins by marketcap excluding all stablecoins with a value of 0.107. Currencies that are positively correlated with Monero indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Monero, a move in one direction for Monero would translate into a move in the opposite direction for the negatively correlated coin. Monero Price Forecast(Probability 69%) This is just a mathematical methode to trade my own accont, Okease note that it is for educational and informative issue, and you should use stops and proper risk and money mangemnt to protect your capital. Date Price Change Jul 2, 2023 $ 168.17 0.06% Jul 3, 2023 $ 169.11 0.62% Jul 4, 2023 $ 171.83 2.24% Jul 5, 2023 $ 170.25 1.30% Jul 6, 2023 $ 164.17 -2.32% Jul 7, 2023 $ 170.84 1.65% Jul 8, 2023 $ 166.89 -0.70% Jul 9, 2023 $ 165.08 -1.78% Jul 10, 2023 $ 151.52 -9.85% Jul 11, 2023 $ 158.89 -5.46% Jul 12, 2023 $ 157.76 -6.13% Jul 13, 2023 $ 160.38 -4.57% Jul 14, 2023 $ 155.57 -7.43% Jul 15, 2023 $ 151.87 -9.63% Jul 16, 2023 $ 156.14 -7.10% Jul 17, 2023 $ 155.08 -7.73% Jul 18, 2023 $ 155.62 -7.40% Jul 19, 2023 $ 157.16 -6.49% Jul 20, 2023 $ 156.53 -6.86% Jul 21, 2023 $ 164.10 -2.36% Jul 22, 2023 $ 165.61 -1.46% Jul 23, 2023 $ 169.10 0.62% Jul 24, 2023 $ 175.47 4.41% Jul 25, 2023 $ 176.17 4.83% Jul 26, 2023 $ 179.92 7.06% Jul 27, 2023 $ 185.74 10.52% Jul 28, 2023 $ 190.11 13.12% Jul 29, 2023 $ 183.07 8.93% Jul 30, 2023 $ 187.35 11.48% Jul 31, 2023 $ 187.86 11.78%
CLong
by DaveBrascoFX
✴️ Monero Activating Bullish Indicators (Long-Term Targets)We have two major waves here, 2017 and 2021. Let's look at the main market pattern through Monero (XMRUSD)... Up and down, as simple as this. We have four indicators in the form of moving averages. EMA10, EMA21, EMA50 and EMA100. When a pair trades below these indicators or is trending downwards against them, the bears have the upper hand. Examples are May 2021 and December 2017. When a pair trades above these indicators, the bulls have the upper hand. We can see Monero moving and closing last week above EMA10/21 and EMA50, with EMA50 being a very strong one. This week Monero is barely trading above EMA100, activating long-term bullish potential. With the orange lines we have a consolidation pattern, clearly broken and we can also see higher lows since June 2022 coupled with a very strong RSI. These signals are saying that Monero is ready to grow long-term. Confirmation is still needed on EMA100 and one last final jump with big volume but that would be "additional confirmation"... It is already clear what is going on. 1) The easy target can be $255 with $356 mid-term. 2) Long-term we can see $426 and $515 with $600 as a new All-Time High and even higher depending on the market conditions more than a year into the future, which I believe will be great. These are just projections, things can change. Regardless of the short-term moves and swings, growth is expected to happen in the long run. Think long-term. Buy and hold. That's the best possible advice at this point. Namaste.
KLong
by MasterAnanda
1
XMR Appears to be in a Cup and Handle Continuation patternThere is a lot of bullishness in the XMR chart despite everything that is going along globally with politics and economics. For a long time I have watched XMR with the assumption that it may be forming a massive double top but so far that has not materialized A zoom in onto the handle shows a clear falling wedge which has a bullish bias. There is a double bottom that has been forming late since late January and it seems that the inverse head and shoulders is beginning to perform. I hope for this to proceed rather impulsively in short order and I have my entry at the neckline of the pattern. Price action can squirt right out of the wedge or price may flip the wedge resistance to support with a retest. The main chart shows some of the other targets in red on the fib or at the full flag pole performance. There is chance that we get a throwback to the height of the cup at about $515 once we reach some intermittent targets. Price action has found support on both the 200SMA and the 200EMA as shown below. Candle bodies on the EMA and wicks to the SMA. Finding support on such long term moving averages is bullish but also opens price action to test it repeatedly as support before really taking off. The moving averages are under a weekly death cross so I expect to see some activity at the 50 SMA. Hopefully a nice flag continuation pattern but I can address that in due time. The main noise in my head about this trade is my intense long term bearishness on equities and how crypto has generally moved in sync with with equities. We don't have the same data with crypto and equities running in opposite directions that we do with say equities and gold or silver. But bullish chart patterns are bullish chart patterns and I am going to trade this bullishly.
PLong
by This_Guhy
6
XMR Projection to 2025This i my Macro XMR Chart setup. This accumulation zone were in right now im waiting to break from now till Aug 1st 2025 for the run up range to focus on. I love XMR because it has very healthy trend patterns I placed a trend focused price point from 6-515 as major focus zones play between the lines and break your trades using either a gann box or fibonacci retracement tools. Enjoy the trade and trade safely This is not financiall advice this is juet my notes. #NiceFnAsian
KLong
by EMC2PRoPheT
✴️ Monero Year Long Consolidation Phase | Think Long-TermSince June 2022 Monero (XMRUSD) has been moving within a sideways channel with a bullish bias, that is, printing higher lows. A year is a very long time in Crypto and what will happen next is something big. This long-term consolidation phase can continue, believe it or not, but it can also break anytime. Once the massive bullish action start, you will wonder "Why didn't I jump in in 2023?". You will be thinking, "I saw it, it was trading at bottom prices forever and I just ignored it...", not only about Monero but about most Cryptos, that's how market psychology works. When the time to buy is right, we tend to detach and feel not interested. Once everything starts to move and euphoria shows up, the prices are bad as they become too high but that is when people want to get involved. There are many opportunities now but we need to focus on the long-term. Think long-term! That should be the mantra when buying, when reading, when planning... Think long-term and success is guaranteed. Namaste.
CLong
by MasterAnanda
1
Moreno technical analysis. The huge ascending triangle.There is very slowly forming giant ascending triangle which could potentially peak during2025-2026. Example of an ascending triangle. Notice the flat iupper line and the rising lower line. This is a generally bullish line. (Figure 6.1b "Technical Analysis of the Financial Markets" Page 131) The measurement. The breakout (C) should see a sharp increase in volume, That upper resistance line should act as as support on subsequent dips after the breakout. The minimum price objective is obtained by measuring the height of the triangle (AB) and projecting that distance upward from the breakout point at C. (Figure 6.3a "Technical Analysis of the Financial Markets" Page 136)
K
by Synthacon
3