XMRUSD Weekly Global Resistances on the VergeThe final final boss. Already broke the best fit downtrend line months ago (first signs of rebound). This one is more like confirmation preceding massive breakout. Lines only valid on weekly. RSI corroborating uptrend, 50/100 MA crossover imminent. XMRBTC weekly corroborating.
XMRUSDC_FB567D.USD trade ideas
XMRUSD-monero coin head and shoulder+rising channelXMRUSD
After reaching the 100.00 level the price got rejected and formed a head and shoulder pattern has formed. 98.415 is a major resistance level for the bull
Right shoulder was formed on September 01 and felled up to 74.400 level which is a low volume area and bounced back. And formed series of HH HL HH HL in rising channel. As we see the bull has losing its strength.
Currently the price is trading above 50,100,200 exponential moving average. And Ichimoku cloud is acting as support for the minor bullish run. At the time of writing this idea minor bearish engulfing candle is forming at 4 hr timeframe
It has reached the minor trend line which will support the minor upward moment until 98.400.From this level we can sell this crypto and the subsequent targets will be 90.000 comes with 50% Fibonacci and 81.000 comes with 78.6% Fibonacci retracement level. And the swing target will be 74.00. Stop lose may placed above the 100.00 level
This will give as a 1:12 risk reward ratio
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Xmr on a small timeframe. Could get above 100 tonightXmr on a small timeframe. Could get above 100 tonight
XMRUSD: Local prospect (17/09/2020)On D1, the price rose above the Ichimoku cloud, which is directed downwards. Also, earlier was found the support at the level of 61.8% by Fibonacci.
In general, the downward movement from August 21 to September 5 can be identified as a correction.
The upward impulse is well seen on H4, which may be the first impulse for the continuation of medium-term growth.
RSI is in an indefinite state, which indicates a possible start of a local downward price correction.
We recommend buying when the RSI reaches the oversold level on H4.
XMRUSD: Downtrend 06.09.2020At D1, the cloud is directing downward, indicating a downtrend.
The price broke the uptrend line and divergence between the RSI and the price was formed.
At H4, the cloud is directed downward, which indicates a downtrend. In addition, the RSI has reached the oversold level, which indicates that the sharp decline will soon stop and the price correction will begin upward.
We recommend looking for sales in the direction of a downtrend.
XMRUSD weekly: XABCD BEARS 50%+ correction(SL/TP)(NEW) Why get subbed to to me on Tradingview?
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XMRUSD weekly: XABCD BEARS 50%+ correction(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagges as SHORTbecause I expect more short-term
losses and mid-term losses(BEARS).
🔸 Summary and potential trade setup
::: XRMUSD weekly chart review/outlook
::: BEARS XABCD setup in progress
::: already topped out at 886 point D
::: 50%+ correction pending
::: short sell any rips/bounces
::: going a lot lower next few months
::: TP BEARS 30/34
::: SWING TRADE SETUP
::: recommended strategy: SHORT RIPS/BOUNCES
::: alternative strategy: SHORT AT MARKET
::: TP bears is 50%+ gains
::: good luck traders!
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment mid-term: BEARS/DUMP
::: Sentiment outlook short-term: BEARS
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