Monero - continuation of uptrend, relative strength to BTCMonero at multi year highs, while bitcoin flails
XMRUSDC_FB567D.USD trade ideas
XMR MSNFXMonero is building up a nice bullish outlook that has seen its price jump significantly the past weeks.
The sell-off witnessed across the entire crypto market the past two weeks saw most cryptocurrencies fall alongside Bitcoin. Monero has appeared to strongly decouple from the leading asset.
MONERO XMRUSD Price Action Monero network tansactions have continued to increase since the November. MR has also historically had more transactions per day than ZEC, GRIN, or PIVX, but fewer than DASH.
Fundamentals show active and continued incremental XMR network upgrades over the past two years, including decreased transaction costs, improved transaction efficiency, blockchain pruning, improved privacy, and improved custody solutions.
SHORT TERM LEVEL
Next intra day resistance at 143.75
LONG TERM LEVEL
The cryptocurrency is down 72% from the all-time high of nearly $500, established in December 2017. All eyes over the next year are on the heavy resistance zone of US$150 based on yearly pivots , and psychological round numbers.
Monero $175 By ChristmasMonero underwent some massive price suppression pretty recently, as every other top 20 shitcoin went uber parabolic with 2-4x gains while Monero did nothing. Aside from this being basically impossible without some kind of large player(s) intervention, the reality is that usually those manipulations are done with borrowed crypto, meaning it all has to be paid back eventually.
Well, that time has probably started, and smart whales know to take profits into a coin that actually offers basic consumer data protection over their finances. Monero.
But forgetting all of that, because it's kind of irrelevant, check out these pretty lines I drews:
LONG TERM: Beautiful XMRUSD uptrend for the past 9 months, and help quite well in the dips recently.
MID TERM: Megaphone pattern with both higher highs and higher lows. This supports my thesis of market suppression, as typically megaphone patterns don't form without etiher attempted manipulation, or some fundamental reason for extreme market uncertainty over price (which there isn't any reason for that). Megaphone likely to break to the upside soon
SHORT TERM: Directly after the recent megaphone bottom, there has been a clear support line up (looks better on the 4-hr). This is likely to hold us all the way to $175, when we reach the top of the uptrend channel again.
Monero: $140 is key resistanceBuyers have failed at least three times in the past two months to keep gains above $140.
Watch out for a high volume break above that level. It would be buying opportunity.
looks like it wants to break outinverted head and shoulders ,
looks like it wants to close a new hight
XMR Monero in the following days, 4hr TF- area to look out for in the following days
- Monero already broke the previous support trendline (not shown on the chart)
- big resistance at around 140 level, top level of a multi-month bullish cup&handle and inverted H&S
- i would say short term bearish (follows the market), long term very bullish
- watch for the breakout, either up or down!
let me know your thoughts!
XMRUSD: $1,360 to $2,900 Quite Easily; $5,415 if ExponentialHi Everyone! Simply providing another price projection. This time for XMRUSD... I provided time lines in history and present day for comparison. I also provided percentage increase levels in history and present day for comparison. If chart is scrunched up or too small, try looking at the screenshot below.
Happy Trading and Stay Awesome!
Monero 2021 on Linear ModeHonestly just sketching this for future laughter, maybe it's time to switch to linear mode vs logarithmic modes when charting?
XMR Just Increased 10% Within An HOUR! This is How To Trade.All information can be found on the chart. I tried to make it as self-explanatory as possible. In case you still have any questions, free free to leave a comment or send me a personal message.
Clear Bearish PennantKRAKEN:XMRUSD
Bearish pennant forming. Although I am bulling on Monero long term bearish pennant should bring us down short term
Very bearish comboSo what do we have here? Double top + top of the channel + resistance level + overbought RSI. Set your buy orders at $100 levels.
If Monero Support Holds, Impulsive Bullish MoveSchiff Pitchfork from previous trend.
Watching for support from the top band
of pitchfork to hold.. if so, taking a bullish position.
Short impulse 'Wave 3' leaves possibility of a long impulse 'Wave 5'. (right?)
On Balance Volume indicates strength for continuation of uptrend..
I like this trade for an approximately 30% win!
$XMRUSD: Long term bullish, but be ready to trade in and out...$XMR suggests it can rally to really lofty levels by March 2022, privacy coins might get a nice boost now, apparently, judging by the $PRIV contract at FTX. Personally, I don't love the reward to risk in these trades, so I'm not in but if you're invested you can get a decent idea of what to expect going forward.
Cheers,
Ivan Labrie.
XMR - Monero ready to make new highs?Monero looks interesting here. Crushed multi-year resistance month ago, retested it this month, and currently trying to overcome $150 level to soar to $200+ after.
I'm spot long and waiting for it to gain a foothold above $200 to open a leverage position.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
Monero LONG TargetsMonero recently gained $130 as support after rejecting off of it twice, here are the long targets
Long Targets
TP1 🎯$148
TP2 🎯$165
TP3 🎯$180
As always please do your own research, I am not a financial advisor.
XMRUSD Long OpportunityHello traders !
As you can see,price has already broke and retested a bearish trendline channel. Now we are in a bullish uptrend. Price has also rejected its support level so I expect move to the resistance level.
Thank you for reading 👍
Security, Slight CracksMonero is used Privacy Token, My fourth Favorite Crypto To trade. Its been trading nicely. Really Intrigued With how this Project works.
