#Monero $XMRUSD One Year AnalysisCRYPTO:XMRUSD
Keylevels / Range
$120: Lowest trend price. If the price closes below this level, it would signal a bearish trend.
$163: Lowest range price. A close below this level would unlock a new lower zone extending down to $120.
$203: Current price.
$233: Upper limit of the current channel/wedge.
$370: Long-term target.
Analysis:
Monero has been trading within a range of $183 to $206 for the past two weeks. The price has closed above $197 for the first time since May 2022. This move potentially unlocks a new range, reaching at least $233, where the upper limit of the current channel/wedge and a monthly/weekly supply zone are located.
A weekly close above $237 would strongly indicate the unlocking of a new charted zone extending from $237 to $370.
Coin Bio:
Monero (XMR), is a privacy-focused cryptocurrency launched in April 2014. It was originally forked from the Bytecoin blockchain. Unlike many other cryptocurrencies, Monero's primary focus is on ensuring the anonymity and untraceability of transactions.
Key features include:
Ring Signatures: Obfuscate the sender's identity.
Ring Confidential Transactions (RingCT): Hide the transaction amount.
Stealth Addresses: Create unique, one-time addresses for each transaction, obscuring the receiver's identity.
These features make Monero attractive to individuals seeking financial privacy and are a core differentiator in the cryptocurrency space. It's developed by an anonymous community of developers and has gained significant traction for its commitment to private and fungible transactions. While its focus on privacy can be controversial, it remains a prominent cryptocurrency with a dedicated user base. XRMUSD specifically refers to the trading pair of Monero against the US Dollar.
#CRYPTO #MONERO #XMRUSD #XMR #CRYPTOCURRENCY #AHMEDMESBAH
XMRUSDC_FB567D.USD trade ideas
the XMRUSD will hit the 203 $ Youโre about to miss a killer crypto trading opportunity happening RIGHT NOW!"
On the 15-minute chart, #MXRUSD just broke above the 20 High SMA with strong momentum! This is a classic breakout setup, signaling a potential upward surge."
๐ "Donโt wait too longโopportunities like this donโt last! Follow me for more real-time signals and strategies to crush the market!"
๐ฅ "Disclaimer: This is not financial advice. Always trade responsibly."
$XMRUSD "Monero is what you think you get when you buy Bitcoin."Monero is currently available at a significant discount. There is a popular saying: "Monero is what you think you get when you buy Bitcoin." As I delve deeper into the topic, Iโve come to understand that Bitcoin has undergone changes that some argue have deviated from its original vision. I encourage others to explore this subject further. Listening to Roger Ver and reading his latest book, "Hijacking Bitcoin," has provided valuable insights into these developments.
Let's prioritize privacy in our digital transactions!
Major discount OMXSTO:XMR long term
Wholesale Area: $99 - $174
Targets: $521
Golden Ratio: $775
Monero (XMR)Monero is one of the first crypto project which focused on privacy and anonymously. After a big ascent, XMR entered into a long oscillation period in a wide side way channel. Recently, due to the Ripple (XRP) court ruling that caused pump in crypto market, XMR broke the consolidation triangle pattern upward. Could this be the start of an impulse upward wave to the channel's upper line, or even beyond? Let's see what happens.
Note that this the weekly chart.
XMR/USD Poised for a Major Bullish Phase**XMR/USD Poised for a Major Bullish Phase**
Monero (XMR/USD) has officially broken out of a prolonged **accumulation phase**, signaling the start of a powerful bullish cycle. After successfully breaching the key resistance zone between **$180-$210**โthe upper limit of the previous major rallyโXMR is now primed for a sustained upward trajectory. This breakout marks a critical turning point, underscoring growing investor confidence and heightened demand for privacy-focused digital assets.
With strong technical momentum and supportive macroeconomic conditions, XMR is expected to embark on a **significant rally**. The next few years could see progressive gains, culminating in a **new all-time high (ATH) of $600** by **May-June 2026**. This projection is fueled by increasing adoption of privacy coins, enhanced network upgrades, and broader market bullishness.
Investors should watch for consolidation phases along the way, but the overall trend points toward **long-term growth**. As Monero continues to carve out its position in the crypto market, this rally could establish a new price floor well above previous highs, reinforcing its strength and utility in a growing decentralized economy.
XMR LOOKS SUPER BULLISH (1W)Before anything else, pay attention to the timeframe of the analysis; itโs weekly.
It seems that wave C of the weekly triangle has ended, and the price has entered wave D.
Wave D could progress up to the ATH or even slightly exceed it.
For wave E, we will have a rejection, and then the main upward move will form.
On the chart, we have marked a green line as our KEY LEVEL. As long as the price stays above this line, XMR is super bullish.
A weekly candle closing below the invalidation level will invalidate the analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Dive into Monero (XMR): My Updated Strategy for Success! Monero, the top privacy-focused cryptocurrency, is drawing more attention as concerns about data security rise. If you're eyeing this promising coin, let me share my latest trading strategy and key levels! ๐
๐ Why Monero?
As demand for anonymity grows, Monero stands out, offering robust privacy features and potential for strong growth. Here's how Iโm navigating this opportunity:
๐ Trading Strategy Highlights
๐ต Buy Zone:
๐ฐ 165 - 175 โ the sweet spot for entry!
๐ฏ Take-Profit Targets:
1๏ธโฃ 200 โ a steady climb.
2๏ธโฃ 257 โ solid gains ahead.
3๏ธโฃ 340 โ long-term potential unlocked!
๐ Stop-Loss:
๐จ Set it at 149 to manage risk effectively.
๐ฉ Risk/Reward Ratio:
๐ 1:7 โ a setup with exciting upside potential.
๐ Recommended trading volume: Allocate no more than 5-7% of your portfolio for this trade. ๐
Good luck, and may the market be in your favor! ๐
MONEROSome time ago I realized this insane structure as someone hardly knew about Monero. Yes nothing happened since then. But look at this weekly chart. If you have enough experience with trading you know that this is not a dead chart. I just wanna say "pay attention". Buy and forget. It's cooking. For some reason I don't even know.
XMR Potential bullish breakout incoming?Monero (XMR/USD) presents a technical setup that could hint at a bullish breakout. It's important to remember that markets are inherently uncontrollable, there are no certainties, and all we can do is evaluate patterns and indicators to identify potential opportunities. Hereโs a breakdown of the current setup and how to approach it with a balanced perspective:
โข Higher lows and an Uptrend Since Early August:
The chart shows a pattern of higher lows, often a sign of bullish momentum building up. Since early August, XMR/USD has respected an ascending trendline, reflecting steady buying interest. However, markets can change direction quickly, and itโs crucial to keep an open mind and remain flexible as new data comes in.
โข Symmetrical Triangle Formation Indicates Potential for a Breakout:
XMR/USD is consolidating within a symmetrical triangle patternโa formation that suggests a potential breakout could be imminent. The price action is becoming increasingly tight, indicating that a significant move might occur soon. A breakout above the upper trendline around $172-$173 could signal a bullish run, while a breakdown below the lower trendline could indicate a bearish shift. Itโs essential to be prepared for either scenario and respond accordingly.
โข Relative Strength from XMR/BTC:
The relative strength of XMR against BTC (XMR/BTC) provides additional context to the bullish case. The pair has maintained stability, suggesting potential underlying strength in XMR. However, itโs important to remember that correlations can change, and broader market trends must also be considered when evaluating such setups.
โข Managing Risk: Key Levels for Stop Loss and Take Profit:
Risk management is crucial in any trading strategy. In this setup, a stop loss around $167, just below a key support level and the lower trendline of the triangle, is how im managing this trade to limit potential losses if the market moves against the trade. The take profit level is set at $182, targeting a resistance area with about 7.16% potential upside from the current price, providing a favorable risk-reward ratio of 7.6:1. Itโs vital to have a firm stop loss in placeโtraders should never move their stop loss further away to โgive the trade more room.โ This can lead to increased risk and significant losses.
โข Volume and Momentum Indicators:
Volume has been decreasing as the price consolidates within the triangle, a typical pattern before a breakout. A surge in volume will be needed to confirm the breakout direction. Momentum indicators, such as RSI and MACD, are showing signs of potential bullish divergence. However, these signals should be treated cautiously and used alongside other indicators to make a comprehensive decision.
Conclusion:
XMR/USD is presenting a potential opportunity for a bullish breakout, but as with any trade, nothing is guaranteed. Managing your portfolio means assessing probabilities, setting firm stop losses, and staying adaptable to changing market conditions. Always approach trades with a strategy that considers both the potential reward and the risk involved. Stay disciplined, and be prepared to adjust your plans as the market reveals new information. Remember, successful trading is about making calculated decisions based on risk management, not chasing certainty.
Monero (XMR) Bullish Setup?Some analysis on the Monero chart - Firstly the obvious (orange line) downsloping trendline going back to the May 2021 highs. This was broken in June 2023 with a retest in August '23 and another retest in Feb 2024 after the Binance delisting.
This level became a double-bottom, forming a nice "W" bottom structure.
The next significant level is XMR's current level at around $170-$175, level going way back to 2020.
XMR has used this as support and resistance over the years, and has recently been coming up against it again.
XMR has put in another, smaller "W" structure, which can be viewed as a form of cup-and-handle also.
A measured move on the breakout of this level would be around $300 as shown.
XMR has diverged quite a lot from BTC's price and makes it's own moves, so needs to be viewed as mostly independent.
XMR/USDT Approaches $200 Resistance with Bullish Momentum
Technical Analysis:
1. Bullish Structure with Price Above EMAs:
The price is currently above the EMAs, showing strong bullish momentum. The EMAs are trending upwards, acting as dynamic support, and reinforcing the bullish structure.
A potential break and retest of the $200 resistance level is key. If this level is successfully broken, the bullish momentum is likely to accelerate, pushing the price toward higher targets.
2. Key Levels to Watch:
$200 Resistance: The price is approaching the $200 resistance level, a critical zone for bulls. A clean break above this level would confirm further bullish momentum.
$470 Target: If the $200 level is broken and holds as support, the next major target would be the $470 resistance level, representing a significant long-term bullish objective.
3. Momentum and Bullish Crossover:
Momentum indicators show a previous bearish momentum break, and the current momentum is above the zero line, signaling that the bulls are taking control of the market.
There is potential for a bullish crossover forming near the zero level, further confirming the bullish outlook and supporting a continuation of the upward move.
4. Performance Comparison (1W to 12M):
The performance of XMR/USDT compared to BTC/USDT and ETH/USDT over various timeframes highlights its relative strength:
1W Performance: XMR/USDT outperforms both BTC/USDT and ETH/USDT, showing gains of +4.95%, compared to Bitcoin's -3.46% and Ethereum's -4.05%.
1M Performance: XMR/USDT shows +16.34%, significantly stronger than BTC/USDT at +6.10% and ETH/USDT at +0.24%, indicating short-term strength in Moneroโs price action.
3M to 6M Performance: Over these mid-term periods, Monero maintains a positive performance of +3.86% and +20.09%, respectively. In contrast, Bitcoin and Ethereum show negative performance, especially in the 6-month range where BTC/USDT is down -10.17% and ETH/USDT is down -31.85%.
12M Performance: XMR/USDT maintains a solid gain of +23.19% over the past year, outperforming both BTC/USDT (+122.28%) and ETH/USDT (+48.46%) over the long term, indicating that Monero has held up well despite broader market volatility.
5. Potential Scenarios:
Bullish Breakout: A successful break above $200 would lead to increased bullish momentum, targeting $470 as the next major level.
Consolidation: If the price stalls at the $200 resistance, consolidation could occur. As long as the price stays above the EMAs, this consolidation phase could present opportunities to enter long positions.
6. Conclusion:
XMR/USDT is currently in a bullish structure, supported by the performance comparison with BTC/USDT and ETH/USDT across multiple timeframes. A break above $200 would confirm the bullish outlook, with a target of $470 as the next major resistance.
Traders should watch for a potential breakout at $200 or a consolidation phase to find optimal entries, with strong support from the EMAs and momentum indicators.
Whatโs your strategy for trading Monero? Share your insights and letโs explore different trading approaches in the comments below!
_________________________________________________________________
The information and publications within the 3Commas TradingView account are not meant to be and do not constitute financial, investment, trading, or other types of advice or recommendations supplied or endorsed by 3Commas and any of the parties acting on behalf of 3Commas, including its employees, contractors, ambassadors, etc.
XMRUSD Next break above the 1W MA200 starts the parabolic rally.Monero (XMRUSD) has been consolidating within the 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line) for the past 2 months. This is at the top of the Accumulation Phase that has been containing the price action since the June 2022 Bear Cycle bottom.
Structurally, it appears that we could be in a similar consolidation as August - September 2020. That was the consolidation the led to the Cycle's Parabolic Rally once the 1W MA200 broke.
As a result, we expect the next 1W candle close above the 1W MA200 to be the bullish break-out signal that might start the new Parabolic Rally. Our long-term Target is 522.00 (the All Time High), even though technically the price might extend a bit higher on the 3.0 Fibonacci extension.
-------------------------------------------------------------------------------
** Please LIKE ๐, FOLLOW โ
, SHARE ๐ and COMMENT โ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
๐ธ๐ธ๐ธ๐ธ๐ธ๐ธ
๐ ๐ ๐ ๐ ๐ ๐