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XMRUSDT trade ideas

#Monero Upsides Limited By The 20-day MA and $155Past Performance of Monero Like Bitcoin, the selloff in Monero was steep. However, the coin is higher at spot rates but capped below the dynamic resistance line, the middle BB. From the XMR candlestick arrangement, the primary support is at $130, which is the 78.6% Fibonacci retracement level. #Monero Technical Analysis The path of least resistance, at least in the short term, is bearish. Even so, with XMR up roughly 6% over the weekend, the trend could quickly shift. Notice that prices are rebounding from a critical support level. If there is confirmation today and prices edge higher, building on March 12 gains, XMR may spring towards $155 and later $170. This preview is only valid as long as there are rising trading volumes accompanying the leg up. Meanwhile, any drop below $130 at the back of relatively high trading volumes will invalidate the bullish preview, setting the base for a selloff towards $120. What to Expect From #XMR? Technically, Monero is bullish. But, how prices react in the short term depends on whether XMR stays above $130. If there is a breakout above $155 and the middle BB, there might be a reprieve, forcing the coin toward Q1 2023 highs. Resistance level to watch out for: $155 Support level to watch out for: $130 Disclaimer: Opinions expressed are not investment advice. Do your research.
XLong
by Bitcoin_Analyzer
XMRUSDT Elliott Waves AnalysisHello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you! Everything on the chart. (update) Nothing has changed from my last idea, everything according plan Earlier we got first target, my stop already in breakeven(140) Next targets: 210 and 230 Good luck everyone! Follow me on TRADINGView, if you don't want to miss my next analysis or signals. It's not financial advice. Dont Forget, always make your own research before to trade my ideas! Open to any questions and suggestions.
XLong
by trytofeelpositive
9
#Monero Drops from Key Reaction Line, XMR May Retest $140Past Performance of Monero Monero might be up roughly four percent from last week's lows but has found resistance at the middle BB. The bear bar of March 7 reversed losses posted on Monday, slowing down bulls. Even so, the primary trend, reading from the performance from the end of January, is bearish. XMR has support at around $140. #Monero Technical Analysis Monero prices might be higher at spot rates, but the pump has relatively low trading volumes. Besides, the failure of buyers to push prices above the middle BB swings price action to the bearish territory. For over a month, XMR has failed to close above the middle BB, the immediate resistance, meaning sellers are in control. Even so, traders can wait to see how today's close will be. If XMR is lower, it may drop to primary support at around $140. Then, the odds of even more losses will be amplified, allowing traders to ramp up, targeting $125 and $115, respectively. What to Expect from #XMR? Traders are upbeat, but Monero bulls appear weak. Any surge above $155 might trigger demand, lifting the coin towards January highs in a buy trend continuation. As it is, traders can wait for a more precise definition with a move above or below the immediate reaction levels shaping upcoming price action. Resistance level to watch out for: $155 Support level to watch out for: $140 Disclaimer: Opinions expressed are not investment advice. Do your research.
XShort
by Bitcoin_Analyzer
🔥 XMR Massive Falling Wedge: Consolidation ExpectedIn my previous XMR analyses I've been talking about a huge bearish channel it which this token has been trading in. After a failed break out, things started looking bearish again. And here we are. Almost 6 weeks further, and still going down. On a positive note, XMR has formed a falling wedge, which is classically a bullish reversal pattern. In my view, it's likely that XMR will keep trading inside this pattern. A break out will be more likely in the next few weeks. Keep in mind that the direction of XMR's break out will be highly dependent on Bitcoin's trading direction.
X
by FieryTrading
5
$XMR/#USDT [#Monero]: Resistance_Breakout_Confirmation◳◱ A Resistance Breakout and Confirmation has been detected on the $XMR / $USDT chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 165.2 | 179.1 | 203.1, and the major support zones can be found at 141.2 | 131.1 | 107.1. Consider entering a trade at the current price zone of 151 and targeting higher levels. ◰◲ General info : ▣ Name: Monero ▣ Rank: 28 ▣ Category/Sector: Payments - Currencies ▣ Overview: Background details for N/A project are currently unavailable. ◰◲ Technical Metrics : ▣ Mrkt Price: 151 ₮ ▣ 24HVol: 8,009,270.088 ₮ ▣ 24H Chng: 1.274% ▣ 7-Days Chng: -7.10% ▣ 1-Month Chng: -18.44% ▣ 3-Months Chng: 9.44% ◲◰ Pivot Points - Levels : ◥ Resistance: 165.2 | 179.1 | 203.1 ◢ Support: 141.2 | 131.1 | 107.1 ◱◳ Indicators recommendation : ▣ Oscillators: NEUTRAL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -2.79 ▣ Last 90D: 1.04 ▣ Last 1-Y: 0.39 ▣ Last 3-Y: 0.62 ◲◰ Volatility : ▣ Last 30D: 0.56 ▣ Last 90D: 0.45 ▣ Last 1-Y: 0.85 ▣ Last 3-Y: 0.99 ◳◰ Market Sentiment Index : ▣ News sentiment score is 0.63 - Bullish ▣ Twitter sentiment score is 0.59 - Bullish ▣ Reddit sentiment score is 0.21 - Very Bearish ▣ In-depth XMRUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
X
by Crypto2AF
#Monero Sellers in Charge as Upsides Capped at $170Past Performance of Monero The uptrend might be clear, but Monero bulls are struggling. Prices are higher in the short term, but the trend is bearish relative to January highs. In the short term, XMR is within the February 9 bear candlestick, which is bearish from an effort versus result perspective. Presently, the resistance is at around $170. #Monero Technical Analysis Monero prices are bullish from a top-down preview. Even so, the failure of bulls to clear $170 and rewind losses of February 9 is a concern. For over 11 days, XMR has been moving inside the bear bar, placing sellers in control. Besides the low volumes, the past few bars have been with long upper wicks suggesting rejection of higher prices. Therefore, considering this formation, traders can wait for a clear trend above $170 or below February lows at $150 before committing. The breakout should also be with rising volumes to indicate participation. Gains above $170 may lift XMR towards $185. What to Expect from #XMR? Buyers are upbeat, but the short-term trend swings to favor sellers. Resistance is at $170, and the middle BB. On the lower end, support lies at $150. If lost, XMR may dump towards $140 or worse. Resistance level to watch out for: $170 Support level to watch out for: $140 Disclaimer: Opinions expressed are not investment advice. Do your research.
XShort
by Bitcoin_Analyzer