XMRUSD seems ready to take off in a big way!Last week I wrote about the broke out in XMRBTC. Today I sighted the break out in XMRUSD. EMA are all trending higher implyign sustainability in this move up. It has broken the resistance level that has capped this pair since Mar 2020. This break up only signified a greater move. When you compressed the chart to see the longer timeframe, I cant help but get excited about the long term prospect of this pair.
Looks technically viable to trade beyond 100. Enter at current market 70.85 for 96 with stop loss at 59.50
XMRUSDC_FB567D.USD trade ideas
Monero breakout or rejectionHas reached the top of the descending channel after a false breakdown and retest of the $62 level. However price in a descending triangle. but price penetrated the weekly ichimoku cloud and RSI has room to rise.
If price move below $60, it is bearish.
XMR This is starting to show signs of life!This literally has been really stable for a while. The fact that it is holding above the 200 Day EMA is encouraging. As the trading range got squeezed tighter and tigher, it has now starting to show signs of trading higher. the 8D EMA has cut above the 13D EMA. In addition, it has also broke above the downward trendline as depicted above. The break up above 65.00 only meant nore upside is in the pipeline with a target towards 130 in the middle term!
P/S Invest at your own risk! Do your homework!
Monero: Analysis using Ichimoku 17/06/2020H4
At D1, the cloud is directing upward, indicating an uptrend. On H4, the cloud is directing downward, indicating the formation of a correction for D1.
Conclusion:
We recommend buying when the RSI reaches an oversold level on the H4.
H1
At H4, the cloud is directing downward, indicating a downtrend. At H1, the cloud is directing upward, indicating the formation of a correction for H1.
Conclusion:
We recommend selling when the RSI reaches an overbought level on H1.
Good luck!
XMRUSD 4D: strong chart / best level to BUY 100% gainsWhy get subbed to to me on Tradingview?
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XMRUSD 4D: strong chart / best level to BUY 100% gains
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT cause I expect short-term losses
before reversal from my level.
🔸 Summary and potential trade setup
::: XMRUSD 4D chart review
::: strong chart upside possible
::: HOWEVER wait for crypto correction
::: 15%-30% pullback in major coins soon
::: BUY later at discount price
::: details see chart
::: discount level near 50/52
::: BUY/HOLD setup from that level
::: TP bulls 100 90-100% gains
::: recommended strategy: BUY/HOLD
::: swing trade setup do not
::: expect fast gains
::: setup for patient traders only
::: good luck traders
🔸 Supply/Demand Zones
::: fresh demand 17 cents
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BULLS
XMRUSD Swing Trade and targetsCurrent trade for XMRUSD.
Long term trading strategy very profitable. Only long 1800% as compared to buy and hold which is also very profitable 750%.
Net profit shown below is for trading it both way.
Current printed long with XProfit will be fully activated if BTC decides to move up, but as we're facing big resistance, it's not a done deal and most of the crypto asset will react same as btc when traded against USD.
You can join links below or hit me up if you want to give XProfit a try for your long term trading in peace.
Cheers
Major Monero Discounts Could Happen! (XMR)Everything on monero continues to shoot green from the Crossover strategy and the ema dots.
We still sit below a very key level of resistance in an expanding downward channel with lower lows and lower highs being formed. Until an actual breakout you still have no bulls confirmed!
I am a big fan on monero and I personally would love to see it reject off resistance and dump for one more major selloff for unbelievable discounts.
If this happens I will add a large position at the next low or on the Resistance breakout if we decide to push upward.
Best of luck to you all.
🥇MLT | MAJOR LEAGUE TRADER | FULLTIME TRADERS
There is a trading opportunity to buy in XMRUSDMidterm forecast:
While the price is above the support 26.05, beginning of uptrend is expected.
We make sure when the resistance at 68.20 breaks.
If the support at 26.05 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 67.79 on 05/18/2020, so more losses to support(s) 60.05, 54.05, 44.00 and minimum to Major Support (26.05) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 61.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (54.05 to 44.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (54.05)
Ending of entry zone (44.00)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 60.05
TP2= @ 68.20
TP3= @ 82.15
TP4= @ 96.50
TP5= @ 120.95
TP6= @ 137.95
TP7= @ 168.70
TP8= @ 230.10
TP9= @ 298.90
TP10= Free
There is a trading opportunity to buy in XMRUSDMidterm forecast:
While the price is above the support 26.05, beginning of uptrend is expected.
We make sure when the resistance at 68.20 breaks.
If the support at 26.05 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 67.79 on 05/18/2020, so more losses to support(s) 60.05, 54.05, 44.00 and minimum to Major Support (26.05) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 61.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (54.05 to 44.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (54.05)
Ending of entry zone (44.00)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 60.05
TP2= @ 68.20
TP3= @ 82.15
TP4= @ 96.50
TP5= @ 120.95
TP6= @ 137.95
TP7= @ 168.70
TP8= @ 230.10
TP9= @ 298.90
TP10= Free
XMRUSDXMRUSD
✅ 1 - 69.3
✅ 2 - 72.3
Breakdown 59.3, the price may fall below
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Privacy Is Shifting. (XMR)I love monero ❤🥇❤🥇❤
True Cryptocurrency that plays a critical role in what it stands for.
💰 Let's check up on the price action of this one.
Wave 1: The selloff, the distribution of coins.
Wave 2: The accumulation of support.
Wave 3: The Resistance for controlled accumulation.
We are squeezing sideways as the pennant pattern is forming.
*As this pattern squeezes we will see a decision in which way the market wants to run on a breakout.
(Similar to how price broke down on btc back in November of 2018)
I'm not saying it will result in same results, I'm showing you how compression decide critical moves for trend changes)
These are key areas where you want to play for a major move.
The full compression of range could be controlled for another 6+ months, our first major sign is aw we see the weekly shoot to hit wave 3.
But one major observation I'd like to notice is what i titled on chart as "Final Shakeout"
That selloff could of been the final selloff in a stop hunt.
It was a major quick crash that scared buyers to force them out of their positions.
That can be called the final capitulation.
You are noticing as prices get low on altcoins they try to flash the market to force the buyers out of their positions.
I believe we could be in very early stage of the major multi year alt cycle.
But I also take into fact that the compression could last another 6+ months if wave 3 can hold.
What we like to look for on longterm entry is a doji compression off S&R Levels for trend change,
So technically this is a late call to buy now.
If you wanted to buy now you would hunt for an edge play in the market to push up to the next level of price in a lower timeframe.
Hope you enjoyed, have a blessed day!
MLT | PRO TRADERS 🥇