XMRUSDTXMRUSDT has given the clean breakout of long term consolidation. And now the market is retesting the broken level. sellers seems to be exhausted.
if this breakout holds the next upside targets will be 140 followed by 150
XMRUSDT.P trade ideas
Monero & Zcash - Navigating the Future of PRIVACY COINS📉Hi Traders, Investors and Speculators of Charts📈
For today's post, we're diving into the concept of "privacy coins."
In the modern digital landscape, privacy stands as a paramount concern for businesses, entrepreneurs, and personal transactions. With the soaring popularity and adoption rates of cryptocurrencies, privacy-focused coins like Monero (XMR) and Zcash (ZEC) have garnered attention from investors, developers and users due to their ability to facilitate anonymous transactions.
Unlike conventional cryptocurrencies such as Bitcoin, privacy-focused tokens like Monero and Zcash are designed to obscure blockchain transactions, thereby enhancing user privacy. This unique feature has drawn scrutiny from global governments , which raise concerns about potential misuse for illicit activities like money laundering and terrorist financing.
Recently, in response to regulatory pressures, major crypto exchanges like Binance and Huobi have discontinued support for privacy coins, citing concerns raised by authorities. Additionally, US authorities have imposed sanctions on the utilization of significant crypto mixers like Tornado Cash.
Monero and Zcash, both rooted in the privacy-focused CryptoNote protocol, prioritize transaction security and privacy. While Bitcoin offers pseudonymity, Monero and Zcash were specifically developed to enable anonymous transactions .
📈 Monero (XMR)
Launched in 2014, Monero is an open-source, decentralized cryptocurrency that incorporates robust privacy-enhancing technologies like Ring Signatures, Ring Confidential Transactions (RingCT), and Stealth Addresses. These features make it exceedingly difficult for third parties to trace transactions or identify individuals involved.
📉 Zcash (ZEC)
Zcash utilizes the zk-SNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) protocol, which enables users to validate transactions without revealing transaction details. Users can choose between a transparent layer, similar to Bitcoin, and a shielded layer that guarantees complete privacy.
In light of escalating concerns about data breaches and cybercrime, individuals and businesses are increasingly seeking data protection and privacy technologies. Privacy coins cater to this demand by offering a high level of confidentiality in digital transactions , making them particularly useful for merger and acquisition activities and for users valuing financial privacy.
Despite their benefits, privacy coins face significant regulatory challenges worldwide due to concerns about their potential use for criminal activities . Regulatory bodies like the Financial Action Task Force (FATF) are working to establish guidelines to mitigate these risks, potentially impacting the use and adoption of privacy coins.
💭Final Thoughts...
Developers and stakeholders in the crypto industry must address regulatory challenges to strike the right balance between privacy and compliance while advocating for regulations that safeguard user privacy without stifling innovation.
The future of privacy coins remains uncertain amid tightening regulations and security concerns. However, as businesses and individuals increasingly prioritize digital privacy, there is a growing demand for innovative solutions that ensure data protection while complying with regulatory requirements.
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
CryptoCheck
BYBIT:XMRUSDT.P BYBIT:ZECUSDT.P
xmr long hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
#XMRUSDT#XMRUSDT 4H
After the announcement of delisting from Binance on February 6, Monero faced a 40% drop and the price reached Fibonacci 0.5 again. If it can overcome the Fibo level of 618, we can hope for the return of the price of this currency. February 20 will be completely removed from the Binance list, which is likely to drop again.
The price is now drawn between two support and resistance boxes, which must pass one of these areas to enter the next channel.
XMR LIMIT ORDERBYBIT:XMRUSDT.P
Goodmorning everyone, this morning I've been looking at the charts and to me XMRUSDT has made its bottom so that brings me to add a limit order on the last swing down to try catch the actual re-test. This is all depending on BTC at the moment as its just striking through the air and this could pop before it comes down although it's not too far off, I am confident we can grab this one for DAY TRADE 026.
LIMIT - 109.94
SL - 99.88
TP - 160.19
Thanks guys.
XMR short it againAfter the delisting news XMR went all the way to 100 only to bounce back after clarification from the XMR team. We see a strong downward from hereon.
First target: Blue line
Second Target: lower green line
Third Target: Bottom pit.
XMR - The STRANGEST (and EASIEST!) Chart 🤔📉Hi Traders, Investors and Speculators of Charts📈
If you have been following me for a while, you'll know I've been saying we are trading in the opening moments of a new bullish cycle. I've also referred to this as Elliot Wave Theory Wave 1.
Monero / XMR is an altcoin that still has massive upside potential for the coming bull season. But when analyzing Monero, I came across something rather interesting or strange; unique to the XMR chart - the candles follow a perfect quadruplet set of diagonal support lines!
Usually, and you may be more familiar with this, you will see horizontal support zones, for example:
But on the XMR chart, the trendlines of both support and resistance are diagonal, rather than predominantly horizontal like most other charts. After finally identifying this interesting trend, we can now readily set buy/sell zones. For example:
If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets.
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
CryptoCheck
CRYPTOCAP:XMR BYBIT:XMRUSDT.P BINANCE:XMRUSDT KRAKEN:XMRUSD
MONERO (XMR) showing a MASSIVE bullish divergence on the 1hr.MONERO is showing one of the largest bullish divergence gaps I've seen in a long, long time, after dropping about 40% in a day. This was obviously a coordinated attack to manipulate the price of XMR, as it is hated by the power's that be, because it can not be tracked, traced or controlled by their corrupt ring of criminal governments. Their pathetic attempt is now backfiring, as all they did was give XMR investor's the opportunity of a lifetime to buy even more XMR at the best discounted price they've probably seen in years.
If you trade this, trade with caution, as they could do it again.
Good luck and always use a stop loss.
XMRUSDT.PAfter a significant downward movement, when the price reaches the 4-hour Order Block (OB) and reacts to that level, possibly sweeping liquidity with that shadow, it presents a great opportunity for a buy.
XMR inteligentassetNow at 147 support by lower limit of the channel
bullish scenario
Resistances 161 in 50 ema, 170 horizontal, 180 pivot high, 206 upper limit channel
bearish scenario
Supports 137.7, 131.9 pivot low, 117.8
#1 XMR. The sleeping giant.XMR/USDT
Looking at the monthly on XMR, I can see it had a very strong buy back, it's looking very strong which means that most likely there will be MORE upside on it.
I expect to see $180 area acting as resistance, 4H trending to the upside meanwhile DAILY chart is preparing for a DEATH CROSS (55 and 389 EMA), I doubt it's gonna be a deathcross because it's holding the support for too many months now. This will have an impact most likely in the short term. Do not SHORT IT!
XMRUSDT Bullish Overture and Fibonacci FantasyAh, the Monero chronicles! Picture this: back in October 2023, XMRUSDT shattered the colossal triangle pattern that had been brewing for a whopping 500 days. It wasn't just a breakout; it was a seismic shift, a bullish beacon illuminating the medium and long-term horizon.
Fast forward to the aftermath—a robust pullback, precisely what the bulls ordered for that ideal entry point. But here's the kicker: XMR stood firm at the uptrend trendline, setting the stage for a potential turbocharged rally.
Now, be ready for the grand spectacle! We're foreseeing XMR setting its sights on the 161.8% Fibonacci resistance, an illustrious mark at the $225 checkpoint. The plot thickens—should this resistance be conquered, Monero has a captivating reward in store for its buyers: a delightful 60% gain.
XRM inteligentassetOn 7/1 bounce at 143 lower limit of channel
bullish scenario
Resistances 162 in 50 ema, 170 horizontal, 180 pivot high, 206 upper limit channel
bearish scenario
Supports 147 lower limit channel, 138 horizontal, 131 pivot low
XMR is going to moveHello everyone,
This is the last chance for #XMR to start moving to the upside.
But the bad news is that OBV shows weakness, which makes the situation complicated.
If it cannot hold this dynamic support, then we should expect more downside.
Cheers!
Mr. Cryptotracker
XMR Bullish Scenario XMR Bullish Scenario
Waiting for breakout of Ascending Triangle.
Will enter after breakout
XMR is bullishXMR is closing monthly November candle with very bullish price action which implicates there should be more upside in December.
Always manage your risk and use stoploss. Not a financial advice...
XMRUSDT - BULLISH REVERSALThe coin had been trending in a bearish trend printing series of LHs and LLs when a bullish div was made. It may start bullish trend now if indicated level is broken on upside. Buy stops may be placed.
Monero - XRM MoonshotMonero is another asset that no one has been interested in for over a year.
Yet there is clear accumulation going on, with a backtest of the old all time high as support as the first low and continuous higher lows subsequently.
You could size this up by having the last low as your invalidation point.
This asset looks incredibly promising, the only doubt is that it is taking a long time to play out, but so did XRP...
XMRUSDT In Bearish Descending ChannelPresently, XMRUSDT exhibits a bearish trend characterized by a descending channel pattern. Identifying the chart at a Lower High (LH) juncture, Initiated an immediate entry, establishing the preceding LH point as the stop loss. To determine Take Profit 1 (TP1), I utilized a 1:1 risk-reward ratio. Additionally, Take Profit 2 (TP2) was calculated based on a 1:2 risk-reward ratio.
XMR bullrun is nearIt is one of the symbols that is moving above 500 days in a limited RANGE. This symbol appears to be completing a very large diametric.
The green area is the strong bottom. Now it seems that we are in the last correction wave, that is, G from G.
The last corrective branch i.e. wave g of G is expected to be completed and the bullish wave will begin in the form of a large D wave
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
$XMR looks really good!!Thats my long term view for Monero, I strongly believe that we are in the beginning of the next bullrun
