Monero Road AheadMonero has been trading in a downtrend for a while, and almost strictly within the red shaded (fib .236 - .382) area for 11 months straight. It has a date with destiny soon though, and will either breakout within the shaded triangle area or collapse down to the $145 range. If Monero clears the .382 fib line at $172.60, I really need to see a firm retest. To confirm both the breakout of the downtrend, and the flippening of .382 from strong resistance to support.
The .5 fib at $195 will not be as strong as what .382 has been. If Mordinals or larger macro factors hit quickly, $195 will be taken over with little resistance.
Entering now at $160 and exit upon passing $195. Targeting $205 for a 28% gain sometime in late April/early May. NFA
XMRUSDT.P trade ideas
XMRUSDT LongXMRUSDT Long once you see that it tries to break the price 166. it can easily open the way to 194.
#XMRUSDT #LQR #TOBTC #LaqiraProtocol The support and resistance in the specified chart are
the numbers specified using the confluence of fibo and static levels have been obtained
after confirmation you can open a trade
this analysis is not an offer to buy or sell
Monero, XMR to the downside? You have been warnedGood day everyone,
The daily time frame suggest that XMR can see a massive move to the down side. Calling out for all of eternity XMR incoming measured moves of $118 then $66, I could give you all 5 layers of confluence I see but what fun would that be, hint one of them...starts with a H ends with a S...Happy Trading folks!
More downside for Monero???....Monero down to $147Hey Everyone, just wanted to let you know what to expect on XMR in the shorter and longer time frame. Cat Ears pattern suggest a move back down to $ 147,bigger move suggested of $115...good point to load the bags....
👀 Seeing a bearish analysis on #XMR👀 Seeing a bearish analysis on #XMR, waiting for a small time frame sell setup. #cryptocurrency 📉📊💰
#Monero Adds 20% In March But Fails To Break $165Past Performance of Monero
Monero prices are firm, adding roughly 20% from March 2023 lows. At spot rates, prices are lower but tracking higher even though it is defined by the bear bar of March 27. On the upside, XMR has resistance at $165 while support lies at $150, marking the bearish engulfing bar's low.
#Monero Technical Analysis
From an effort versus result perspective, the wide-ranging bearish engulfing bar of March 27 might be important. For the uptrend to resume, there must be a close above $165, confirming buyers for the better part of March. Notice that the anchor bar has relatively high trading volumes and is wide-ranging. It is still defining the current price action. Worse, for buyers, recent volumes have been shrinking. As it is, as prices move inside a wedge, triggers will lie at $165 and $150, respectively. Gains above March highs might see the coin soar to January highs of $185 in a buy trend continuation formation.
What to Expect from #XMR?
XMR traders expect a recovery. However, their calls are being slowed by prices which are moving sideways inside a bear bar. Monero bulls could be rejuvenated once there are strong gains above the current wedge inside an engulfing candlestick.
Resistance level to watch out for: $165
Support level to watch out for: $150
Disclaimer: Opinions expressed are not investment advice. Do your research.
HIGHER VOLUME TREND SHOWING FOR XMRHIGHER VOLUME TREND SHOWING FOR XMR
XMR shows higher volume on MFL level
Monero Price Analysis, Neutral Market with a Bearish BiasMonero (XMR) is currently trading at $0.07655 with a 4-hour timeframe. The Relative Strength Index (RSI) is at 47, which indicates a neutral market sentiment. The volume oscillator is at -32.5%, indicating a bearish sentiment. The Moving Average Convergence Divergence (MACD) is at -0.3, which is slightly bearish. The Stochastic oscillator is at 31.5, which suggests a slight bullish momentum.
The Fibonacci levels for the 4-hour timeframe are at 0, 0.5, and 1, which are at 154.4, 158.8, and 163.2, respectively. The upper Bollinger band is at 160.9, while the lower Bollinger band is at 154.5, and the middle Bollinger band is at 157.7. The 4-hour Exponential Moving Average (EMA) 50 is at 157.1.
In the recent news article, it is mentioned that Monero (XMR) is facing an obstacle in terms of price stagnation. The article suggests that a breakout is imminent, and it is only a matter of time before the price crosses the obstacle.
Based on the technical analysis, Monero is currently trading in neutral market sentiment with a slight bearish bias. The price is currently hovering near the middle Bollinger band, which is a neutral zone. The Fibonacci retracement levels suggest that the next resistance levels are 158.8 and 163.2, respectively.
The MACD is slightly bearish, indicating that there is some selling pressure in the market. The Stochastic oscillator is at 31.5, which suggests that there is some bullish momentum. The RSI is at 47, which is a neutral zone.
Overall, Monero's price is likely to be influenced by market sentiment and external factors such as regulatory developments. If the price manages to break above the Fibonacci retracement level of 158.8, it may signal a bullish trend. However, if it breaks below the lower Bollinger band of 154.5, it may signal a bearish trend.
Good luck!
XMR - First Resistance Reached
The first "higher probability" leg to the upside shown in the previous chart (see related idea) has been reached, and gray resistance held so far.
I am biased to the upside for Monero, and believe it could move to the 200-250 range.
The gray levels on the chart are the resistance levels that could be used for profit taking in long trades
XMRUSD ❕ lower boundary of the channelRSI chart moves in sellers area (4H, 1H and 30m TFs)
Trading volumes are down.
Price has broken down 200EMA (1H TF)
I expect a decline after fixing under the channel.
XMRUSDT I TOLD YOU SO AFTER 2023...Lets play the game I told you so...
It is too early to celebrate. I hope everyone was here when everything started so you can agree with me how I read charts.
This is not easy ride but I see lows and even further lows from here, I have XMR 50% of it is sold and I have the other as held on tight.
I just want to double my holdings on this. I know XMR will be the core foundation of Crypto and who fought a good fight...
XMR is used for darkweb transactions after Bitcoin got some light and all knew that we can still trace Bitcoin and who and where it went.
XMR solves and solved that. Hope we know what are the OGs and this is one of those few OG and 1% that really is not a scam and works in crypto.
XMR long. Stronk like bull.XMR resting on top of strong volume profile support, as well as having retraced back to the 71% fib. Strong signals in volume.
(I tried to hide my chaos of drawings and support lines, but tey seem to reappear when I publish the chart. So, oh well. )
A bullish Cypher Harmonic Pattern in XMRI see a simple cypher harmonic pattern in Monro. I specified the stop loss.
xmr have a bullish qmHi, dear traders. how are you ? Today we have a viewpoint to BUY/LONG the XMR symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
#Monero Crashes After Spinning Tops Formation, Resistance At $16Past Performance of Monero
Monero is under pressure, dropping five percent in the last trading day. From the daily chart, XMR is reacting strongly from last week’s highs at around $165. After a spinning tops formation, the coin retraced yesterday, printing a bearish engulfing pattern, signaling weakness. Based on this, there could be a confirmation today, heaping more pressure on the coin.
#Monero Technical Analysis
After a spinning tops formation, XMR is down at spot rates. It looks likely for bears to flow back, pushing the coin deeper in red. Therefore, since yesterday’s bar was bearish and engulfing, traders might look for entries on every attempt higher towards $165. The immediate target would be $145 and later March lows at $130 if bears press on. On a more optimistic outlook, the trend will resume should prices break above $165, reversing recent losses with expanding participation levels. In that case, XMR may float to January highs at around $180.
Past Performance of #XMR
Asset prices are under pressure across the board, and XMR is no exception. From the daily chart, buyers will flow back if there is a breakout above the spinning tops of the end of last week with rising volumes. If not, bears of yesterday may force the coin lower this week.
Resistance level to watch out for: $165
Support level to watch out for: $145
Disclaimer: Opinions expressed are not investment advice. Do your research.
Monero longMonero bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 165.5 is expected to happen.
XMRUSDT - testing an important levelHello everyone. According to XMRUSDT, the picture is more joyful than for the rest of the coins. They formed the bottom for a long time, about a month. And after that, we finally broke through level 155. At the moment, the whole market has gone down, but there are good chances to test the level and go further to 167. We put the stop at 153.5.
XMR/USDT$XMR
Green triangle just broke out above, if you look at the blue lines, it is a descening channel which is a bullish reversal pattern, first target is around the resistance of the channel, I have a feeling that its going to continue to pump and flip the descending channel very easily! Overall I am bullish on monero because as concerns about privacy grow, this privacy-focused coin is becoming more important than ever. With solid technology, transactions that can't be tracked, and a dedicated dev team, #Monero is ready to reach new all time highs
Get ready to reach the $5k mark!
XMRUSDT - not an usual BITCOIN FollowerXMR is a privacy coin and has its own whales who are not really interested in what happens to BITCOIN as it has it own uses.
Recently, its MACD came above the avg line and looking to go higher to make a bearish cross later in the year... we do not know how long can it go. But we have a near (highly probable) target (200$ - 205$) in our sight.
Entry can be taken from 160$ - 175$
SL @ 155$
let's see what happens in the future and in days to come.
Good luck.
XMR/USDT 1DAY UPDATE BY CRYPTO SANDERS !Hello, welcome to this XMR/USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-Monero (XMR) has been one of today’s biggest gainers, with prices climbing to a four-week high.
Following a low of $152.16 on Thursday, XMR/USD raced to a peak of $163.10 earlier in the day.
As a result of the move, XMR climbed to its strongest point since February 20, when the token reached a peak of $168.70.
Looking at the chart, the move came as monero rose beyond a key resistance level at the $155.00 mark.
Earlier momentum has somewhat eased, which comes as the 14-day relative strength index (RSI) collided with a ceiling at 58.00
At the time of writing, the index is tracking at 58.84, with XMR marginally lower than its earlier high. It is now trading at $160.65.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Monero Weekly View - March 2023Hello Guys, Weekly Analysis is on the MATICUSDT Symbol in a 1H Time frame, I Hope it Will be Useful for You, Don't Forget to Like, Follow, Comment
