XMR, ancient coin | $212On weekly chart,
Monero BINANCE:XMRUSDT is in consolidation phrase.
It's trading at $164.8 now
I expect Monero will move up to $212 to complete 1.0 Fib Ex and 119.5% from $96.7
Wait and see
XMRUSDT.P trade ideas
SELL Monero, Not Quite, Not YetSince monero broke it's 164.60 support level on Feb 9th 2023, it has attempted to break this level in March and April and failed. Monero then retested the support level of 137.60 which was formed on December 28th 2022 and has been testing and holding multiple times.
Fast forward -for the last 6 days Monero has reformed and has been consolidating and holding the now reformed support level for the first time in 5 months
Once monero continues holding 164.60 or 151.90 it will pump. Keep the hodl bag
XMR/USDT looking good for a turnover! Hey traders 👋
XMR is next on our watchlist here with a nice bullish moves recently! After showing us a breakdown of lower trend and at the same time turning it into a liquidation zone we went straight up for that upper zone where price is currently waiting behind the line just as it it might go or a breakout there! We are going to look and keep our eyes open here and be also open minded as we can have two potential movements here!
First movement - we might see a nice breakout and go for that liquidity grab zone from where on we are going to look for a turnover and a sell position!
Second movement - price will reject and respect that upper line of triangle formation and go straight towards that lower zone!
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$XMR reclaimed 200 ema on H4
approaching key resistance or confluence of 200 ema on W1 and downtrend
recon we flip it.
BTC pair still has a lot of catching up to do so assuming dominance gets sent to hades and this pop's
XMRUSD ❕ held the uptrend lineXMR exited the downward channel, formed an uptrend line and formed a bullish takeover.
Price has fixed above 50EMA (4H TF)
50EMA has broken up 200EMA (1H TF)
The RSI chart is moving in a buy zone (4H, 1H and 30m TFs)
I believe the asset may continue to rise after fixing above the resistance level.
XMRThe price is attempting to break above the upper boundary of the channel. A successful breakout of this significant resistance could push the price towards a retest of the weekly 200 EMA. However, if the price fails to break above the upper boundary, it may decline towards the support zone around $126.
XMR/USDT 4H SHORT BINGXHello, traders! I present you with an interesting short trade opportunity for the asset. Through a detailed technical analysis, I have identified a series of bearish signals that suggest a potential downward movement in the short term.
💡IDEA DE TRADE BingX💡
XMR/USDT 4H Alto Riesgo Según mi análisis;
Entrando por debajo del 0.66 ( No es un numero Fibo )
Stop Loss de 1.78%, primer objetivo 134.01 segundo objetivo siendo muy optimistas al maximo bajo anterior, al tener aún fuerza bajista en gráfico diario este impulso por mucho llegaría al 0,666 que también concuerda con la media de 55 en 4H y la media de 20 en 12H y esto para seguir callendo
XMRUSDTXMRUSDT is under strong sell pressure and continuously printing LL and LH. After recent sell off currently the market is making LH, will it print new LL?
Downward Trend and Key Support LevelsOver the past month, XMR has been trending downwards, experiencing a moderate level of selling pressure. This led to the breach of its initial support level around $147, and the price subsequently hit the second support level at approximately $136. As anticipated, there was a positive reaction at the second support level, resulting in a 6% increase in XMR's price. However, the buying power was not sufficient to break through the resistance at the $147 range, indicating a pullback in the ongoing downward trend.
The RSI level for XMR is currently at 37, indicating a moderate level of downward momentum. This suggests that there is still some selling pressure on XMR, but it is not yet in an oversold condition. The RSI level of 37 aligns with the overall analysis, confirming the presence of bearish sentiment in the market.
As the selling pressure persists, XMR lost support at the $136 range and is now testing an important support level situated between $122 and $128. This support level corresponds to the starting range of the last upward movement observed on a weekly basis. It is crucial for XMR to hold above this support range to avoid further downward movement.
Taking a broader perspective, on longer time frames, XMR is currently in a range-bound trend, while on a daily time frame, a clear downward trend is evident. To change the trend and reverse the downward movement, XMR would need to break the downtrend line and rise above the resistance level of $150.
Considering the combined analysis of the price action, support and resistance levels, and the RSI, it suggests that the market sentiment for XMR remains bearish, with selling pressure continuing to influence the cryptocurrency's price. Traders and investors should closely monitor the support level around $122 to $128, as a significant break below that range could potentially lead to further downside movement for XMR.
XMR Potential Ban of anonymous crypto projects !If you haven`t sold XMR here:
Then i will remind you that Monero (XMR) has gained popularity for its capacity to enhance user anonymity, making transactions challenging to trace through the utilization of stealth addresses. However, this aligns with a goal that regulators do not necessarily support in the cryptocurrency space.
A leaked version of a US draft bill has surfaced, suggesting the elimination of anonymous crypto projects. The proposal also mandates that DAOs, DeFi platforms, and exchanges register legally in the United States. This development indicates a potential shift towards greater regulation and oversight within the industry.
My price target for XMR is $96.50.
Looking forward to read your opinion about it!
‼️ Trade Idea‼️. ‼️ Trade Idea‼️‼️ Trade Idea‼️
XMR/USTD entering exactly 0.618 (shown on price scale) with SL below previous low (shown on price scale) first target 0.5 to protect entry price, second target until looking at reversal patterns
‼️‼️THIS IS JUST A TRADE IDEA BASED ON MY OWN ANALYSIS, IF YOU DECIDE TO TAKE IT IT IS YOUR TOTAL RESPONSIBILITY TO FOLLOW UP AND MANAGE YOUR PORTFOLIO‼️
Monero (XMRUSDT) an 80% rise I won't be talking too much about how bullish XMR is currently. But we just went along quite aggressively considering multiple technical aspects of the current price action. The most important is obviously the weekly break and close above the long-term downtrend trendline. Secondly, we have the price hoovering above the 61.8% Fibonacci level for quite some time now. It is either to go big now or....
We are going in now!
Monero's $130 Threshold: The Make-or-Break for an 80% Upswing💎 Since #XMRUSDT's bounce and rejection of the 78.6% Fibonacci support, coupled with the uptrend trendline, we're seeing the price gravitate towards that trendline once more. This suggests that buying pressure could be ramping up, opening the door to a significant upside potential.
💎 However, this bullish scenario will hold water only if the $130 psychological and technical support level remains unbreached. If this condition is met, we could be looking at a nearly 80% price increase, with #Monero potentially setting its sights on the double Fibonacci resistance at $258.
💎 Our ParadiseClub members should also keep an eye on the nearest resistance at $196, where the 23.6% Fibs intersects with the downtrend trendline.
💎 While less likely, we must also consider the scenario where OMXSTO:XMR breaks below the $130 level. Such a move would be a major red flag for the bulls.
XMRUSDTRisk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, that I am not responsible for your investment decision.
Thank you.
Good luck
XMRUSD ❕ upper limit of the channelTrading volumes are expressing interest in price growth.
The RSI chart is moving in the bullish zone on the 4H Timeframe.
Price has fixed above the 200EMA on the 4H Timeframe.
I believe that the asset will continue to grow after fixing above the channel.
✴️ Monero Long-Term Recovery, Leads To Long-Term GrowthThe bear market bottom was set June 2022 for Monero, XMRUSDT.
After this low was hit, we are seeing a long-term recovery phase.
We have a strong resistance level around 180.
Each time this level is hit it becomes weaker.
Monero is on the move again based on this 3D chart.
The last two candles closed bullish and the current one is pushing prices above EMA10.
This pair is set to challenge 180 again... As soon as 180 breaks, we should see a strong jump take place.
Then more consolidation before the next bull-market cycle.
Patience is key.
Monero is good for the long-term.
Namaste.
XMRUSDT- pushing the level to 150Hello everyone. Today we will analyze XMRUSDT in general terms. This coin has recently had very low volatility, as the price is squeezed by levels from above and below. Therefore, we should expect some kind of movement in the near future. And judging by the fact that we have been knocking on the 150 level for the umpteenth time, there is every chance to finally break through it and reach 138. We will put a stop behind the trend line at 153.9.
Corrective CycleIn recent weeks, XMR has demonstrated a persistent trend confined within a defined range. Significantly, it has breached its upward trend line, indicating a shift towards a corrective cycle on the daily time frame. Presently, XMR is trading within the $153 range. Notably, transaction volume has experienced a notable decline, falling below the 30-day average.
Monero's price movement is influenced by two support levels, with particular emphasis on the second support range. The first support stands at $147, while the second support lies within the range of $135.7 to $138.8. Sustaining the second support range presents an opportunity for potential price growth, potentially reaching the upper bounds of the weekly channel range around $186.
Considering the broader long-term range trend of the Monero currency, favorable market conditions can be anticipated to facilitate substantial growth.
XMR ready to go downThe instrument has formed a clear local support level, tested with a few touches, beyond which I expect to see unrealized liquidity. Short impulses and a decrease in price highs are also noticeable, which indicates the strength of sellers.
XMRUSD ❕ downtrend channelMonero has consolidated under 200EMA on 4H Timeframe.
The RSI chart is moving in the bearish zone on 4H, 1H and 30m Timeframes.
50EMA has broken down 200EMA (1H TF)
TD Sequential indicator has formed a reversal signal down (1H TF)
I believe that the asset will continue to decline after fixing under the support level.
