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XMRUSD trade ideas

XMRUSD Bullish Short-Term & Long-Term Monero is showing strenght during the last weeks, compared to the general crypto market. So Macro looks strong for XMR even during these times of Crisis. As for the short-term price, we could easily reach 300$ , before consolidating sideways for a period. The price-target for the next 4-6 months should be around 500$ , since we clearly broke out of the Falling wedge and thus indicating 500$ as probable Target to complete the larger breakout of this Pattern. I have tentatively and roughly drawn a line with several swings, at different Key FIB levels (just for the sake of the larger picture) So that's it, just press the Buy button, take your coins of exchange and Relax this Spring & Summer!
KRAKEN:XMRUSDLong
by samideluxe
2
Monero unconfirmed head & shoulderFor this trade I really suggest you to minimize risk as much as you can if you really want to take this. On the chart we can not see clearly the neckline by the technicals so i am taking profit every little resistance zone. To get the 2:1 risk reward ratio as a minimum return on investment it is recommended to take it by small leverage in isolated. By the fundamentals currently we can see a breakout on the bitcoin chart which could bring monero with it. The bond market is stabilizing compared to the time before. The FED might will change strategy because of the other countries bankrupcies. For a minimal risk i think it is better to wait for the news to come out, because we are so close to the next FOMC meeting, which has a big effect on the crypto market too. The asset is good to trade because of the goverments can not deal with it, but always remember what is crypto about: DECENTRALISATION PRIVACY That is what you get from monero
KRAKEN:XMRUSDLong
by Dandady
1
Monero (XMR) above other cryptosI believe that Monero will see a strong appreciation due to its focus on privacy. Lately, the governments of certain countries are hunting the basic freedoms of their citizens... After breaking through a wedge and a resistance line, the price did not fall below the 0.214 retracement: Another point to note is the dominance over other crypto assets. And on the XMR/BTC chart we had important supports tested and not broken, and at first the price has a bullish bias. That's why I have a bullish bias for this asset.
KRAKEN:XMRUSDLong
by andre_007
2
Are you long or short on Monero?It depends. Highly short term, there is a strong possibility of capitulation in the markets. This can not be neglected and means we should be prudent entering a strong position. One of the best strategies that reduces emotional decision and its potential downfall is to Dollar-Cost Averaging (DCA). My thesis is that now is a perfect time for investor to DCA on different assets they are interested in. Not FOMO. Keep money so if we go deeper, you deep more. Monero long term is extremely bullish to me. A cup and handle pattern is forming and need to pay close attention to. It is a very powerful indicator when confirmed. I do think it would take time. Sadly, the political sphere is making Monero and privacy more and more valuable. The potential of global CBDC roll-out, the crackdown on cryptos not only for the tax purpose but for ecological means or even ideology purpose is scary to some. I argue that at some point, people will realise that they are increasingly getting restrain from different powerful entities and will be looking for alternative to this matter. I also think that Monero can survive a global delisting from major exchanges. This is because it might not be the mass, but too many care about privacy. The community can find alternatives to on-ramp and off-ramp. Anyone can rent a server or create its own to allow P2P trading platform. Too many will fight, and Monero will thrive no matter what. The offer and demand law will apply and the community will support the liquidity side by offering different means of exchanges that are not KYC etc. I therefor expect Monero to rise in the long term because of all these factors and more. Let me know in the comment below if you did DCA in an asset recently and which one.
XLong
by thedecentHQ
XMR USDT one last pullbacki will enter an order for a short position on XMR at 158.5$ (current price 157.30$) STOP LOS S if 4h candle closes above 160$ which is a 0.8% loss the risk of 0.8% is minimal,so i will use 3x.max loss 2.4% TAKE PROFIT will be 151.5$ which is 4.4% and 13.2% with leverage. i believe that in the next couple of days some manipulation at the price of ptc will come and see 19150$ which means that overextended alts will dip too. if the order is not executed and the situation changes,i will update the idea here. FOLLOW FOR MORE!
XShort
by POWcharts
LARP Capital Investment Thesis: a market 'preference' for POWDid you know that Proof of Work is the innovation in cryptocurrency?! It would appear some may have forgotten that POW was the first (and only) *decentralized solution the double spend problem. We here at LARP are developing a thesis that POW gets it's groove back over the next 1-2 years and Litecoin and Monero will be two of the biggest benefactors of such. The chart above is calculating the (XMRUSD+LTCUSD)/ETHUSD To be clear, of course nothing has changed with regard to our bearish stance on the entire crypto space. With that said, we believe the above chart will be a vewwy, vewwy intewesting juan to keep an eye on over the next 1-2 years. As always, this or any past, present, or future LARPs brought to you by LC and/or the Juan Army are cErTaInLy nOt fInAnCiAl aDvIcE Blessed be the fruit -the beatiest juan
BITFINEX:XMRUSD
by ltc-joe
1
Monero Breaking Up (Ichimoku)As a followup to my Ethereum BITFINEX:ETHUSD post yesterday Monero BITFINEX:XMRUSD is likewise confirming an Ichimoku breakout on the Daily timeframe. Monero is the third coin I watch most closely following Bitcoin and Ethereum. I believe that its use case (privacy) is one of the strongest reasons for cryptocurrency and the coin has been well established since 2014 and still under development. In marketplaces online where privacy is paramount they accept two currencies; Bitcoin and Monero, and Bitcoin's transaction costs are often far too high. Monero is the clear winner in this use case presently and likely into the future. The YTD performance for 2022 of Monero has also outperformed both Ethereum and Bitcoin. So will investing in the two most popular currencies years ago would have yielded greater returns historically in recent history the winner has been Monero in terms of retaining its Store of Value. Comparative values: Monero Bitcoin BITFINEX:XMRBTC Monero Ethereum BINANCE:XMRETH
BITFINEX:XMRUSDLong
by norok
1