Monero will shock the crypto marketLook I like Binance cartel very much. I've been talking very bullish about BNB non-stop. But they couldn't defeat it. Monero stared at death and didn't even blink. It will run no matter what the boomer coin does. Monero's next macro move and the move after that is bullish. Talking about years. This is probably my last idea and update for a long time. Just wanted to remind you about Monero.
XMRUSDT trade ideas
MONERO Risk-reward ratio: 1/5#MONERO #LONG
Let’s talk about Internet Computer Protocol (ICP)! Today, I’m reviewing this promising cryptocurrency and sharing my updated strategy and key levels with you. 📊 ICP has been gaining momentum, and I believe it offers great opportunities for growth. Below are the details of my trading plan.
🟢 Buy Zone: $150 - $160
📈TP1: $194
📈TP2: $243
📈TP3: $312
⛔️ Stop-Loss: $124
🔥 Risk-reward ratio: 1/5
Don’t underestimate the importance of risk management! The crypto market is highly volatile, so always conduct your own research and analysis before making trades.
🆘 Recommended trading volume: Allocate no more than 5-7% of your deposit for this trade. 📝
Good luck with your trading! 🚀
Monero - taking profit from a swing!Hello, traders!
This is my analysis on Monero (XMRUSDT).
Monero is a crypto that was first lunched in 2014 with the price of 163 and market cap of over 3B US dollars, I think it is a reliable crypto to trade on. Also the community is very active.
1️⃣ Analysis
The price has shown steady wing movements for last 5 months. Of course, this does not mean the swing would continue forever. However, with the right strategy and proper acknowledgement of the risks, I think we have some opportunities here. The price is currently inside the trend moving upwards toward the resistance line.
2️⃣ Expectations
If the price is to keep its momentum and reach the resistance line (green line), we might see a reversal and starting downtrend. HOWEVER, we always want to enter after the confirmation. The resistance line will not hold forever. If we see any kind of sings of breakout near the line such as consolidation and volume spike, we will have to be careful.
3️⃣ Key approach
Our first strategy is to enter short if we see the price touching the line and show reversal. However, we want to make sure the reversal happens even if that means lower profit. If we confirm the reversal, we may enter with final target price being 135.27.
4️⃣ Other approach
There's no other approach for this analysis. Some might think we could enter long now and take profit at the resistance line, but I disagree. Granted, the current movements look promising but we never know what happen. Trading on assumptions is very dangerous. You might say, 'Why enter long for Voxies, then?' That's a valid point but Voxies is different. The reversal was confirmed just yesterday meaning we still have time to enter. Monero, on the other hand, rebounded almost a month ago.
5️⃣ Considerations
There are few things I want to point about. First, swing period for Monero is long. You might have to wait few months for the price to reach the target. Second, there's always a possibility of breakout. We are not to assume that the trend will continue. Look at the orange box in the chart. The price touched the line, dropped, touched again, dropped again, created a doji star, rose, then started a downtrend. This is very confusing pattern. We want to make sure we confirm the reversal! Third, price might decline again before touching the line. This is why we do not want to enter now.
💡 There is one other thing I want to mention in this post. Breakout trading is one of the most profitable strategy there is. It can earn you a lot of money in short period of time if you are right. However, it's very, very stressful and requires strong mentality. Profit is high but so are the risks because there are so many variables to consider. Breakout also requires proper reason: unless there's a totally justifiable reason to change the trend that has been continued for months (like this election for example), I think it's too dangerous to trade on breakouts.
So I narrowed down my strategies - I am looking for (relatively) safe and reliable swing trades where price is moving inside the trend. This gives us less opportunities and requires a lot more patience, but is safer and will grant you big profit in long term.
Monero is one good example. The crypto itself is trustworthy, the price is within the trend, both the resistance & support line are reliable. And we will only enter after confirming the reversal.
I hope this analysis gave you some idea of deciding your own strategy and I hope you make some profit from Monero.
React, don't predict! Stay disciplined and patient. Don't get greedy and be thankful.
Luke 1:78-79
MONERO TRADING PLAN: Can XMR Will Pump from Here?Following the latest announcement by Kraken to delist the KUCOIN:XMRUSDT pair from its exchange, the coin experienced massive price action in the last 30 hours.
What led to the dump;
1. Iran's missile attacks on Israel and
2. Kraken announcement
We are likely going to have a bounce from here.
What are your thoughts about this analysis? Share them with me in the comment box.
Like, share and follow me for more.
Disclaimer: Manage your risk, this is my trade, so be responsible for your actions.
New ATH In 2025? Monero Is Ready To Grow!Monero is something different, and yet it is the same.
Monero is Bitcoin but private. A private Bitcoin.
Here we have a really, really long consolidation phase. We are looking at 959 days where Monero (XMRUSDT) has been moving within the same price range.
This price range, between 190 and 120, was actually first activated in November 2021, so this consolidation is older than 1,050 days.
The overall conditions are good. This pair has been good to retain value lately but not much action when it comes to strong growth.
The chart is very similar to Bitcoin, with some exceptions, until June 2022 when the price patterns changed completely.
➖ What does the future holds for Monero?
We can only speculate, but we can do so based on real world data so this speculation can end up being accurate.
➖ Can Monero produce a new All-Time High in 2025?
With the way the world is going and how the whole financial and geopolitical drama is developing, I think this project can, in the next bull-market.
Between December 2017 and May 2021, we have a double-top.
No new ATH in 2021 when everything else did, is a strong variation. This opens the doors for a new ATH in 2025 based on how strong this pair have remained over the years.
I think the ultra long-term accumulation is enough for a new All-Time High.
Volume has been rising long-term and the upper range of the accumulation zone has been challenged many times. It seems only a matter of time before XMRUSDT breaks into bullish territory and starts a new, major long-term uptrend.
The first and easy target is set at $358 and this can be hit mid-term (within months).
The first ATH projection is within the same range as the last one based on Fib. proportions, and that is $618 for 262% potential from current prices... But we can go further.
Below is the chart with the ATH projections not shown on the main chart above.
Monero 2025 New All-Time High Potential:
1) $779 (356%)
2) $1200 (600%)
I don't know why, but I am sure Monero will not stay behind in 2025.
➖ Summary
The longer the consolidation phase, the stronger the bullish wave that follows... Monero has been consolidating for years. It produced no new highs in 2021 and no bullish wave in 2023/24. But the project remains active, valid and viable. This is not a weakness but a signal of strength. Since it survived all this long and continues to hold strong, higher and higher is the most likely outcome next.
I might sound too optimistic, but this is my experience after 10 years of tracking the Cryptocurrency market.
It always does better than anything we can think of or project.
The mistake is always aiming too low... But I think most of you agree when I say: Monero is ready to grow!
Namaste.
XMRUSDT - In Bullish trendThe chart is analysed on hourly basis. The trend in bullish in 4H as well. To get a refined entry I chose 1H time frame. No divergence, simple HHs and HLs (Dow Theory). Taken an instant entry. The trend is testing the trend line.
The Signal is:
EP: 168.93
SL: 160.88
TP: 176.90
#XMR/USDT is heading towards the Diagonal Trendline in 1-Hour TF#XMR/USDT is heading towards the Diagonal Trendline in 1-Hour TF!
OMXSTO:XMR needs to clear the Trendline to turn bullish. Wait for BO/retest to open a long position. The local support level is PWL $140.52 and the resistance level is PWH $166.14.
XMR Technical Analysis: A potential breakout awaits!Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
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Now, let’s dive into this chart analysis:
#XMRUSDT is showing signs of a potential bullish reversal. The price is supported by the 50 EMA and is approaching a significant resistance level.
A successful break and close above this resistance could lead to further upside, with potential targets around $283. Conversely, a failure to break the resistance might see the price retesting the support levels.
Key Observations:
- Long-Term Resistance: The price must break the long-term resistance level, marked around $178.92, to signal a strong bullish trend.
- 50 EMA Support: The 50 EMA (Exponential Moving Average) currently acts as a dynamic support level of around $149.62.
- Lower Support: The support level is established around $117.75.
- Price Action: The price is currently trading above the 50 EMA, indicating a short-term bullish trend.
The chart shows a potential bullish breakout if the price manages to sustain above the resistance level.
- Stochastic Oscillator: The Stochastic Oscillator is in the oversold territory, suggesting a potential upward momentum.
DYOR, NFA.
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
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#PEACE
Monero (XMR): Testing Neckline Zone / Might Fall Hard!Monero Coin has not been on our radar for some time but today is the day. The coin is at the crucial zone of the neckline after breaking both 100 and 200 EMAs in a 4-hour timeframe.
As we are testing that support (the neckline zone), we are looking for a full-scale breakdown to happen, which would open a huge zone for us to fall into!
Swallow Team
XMR - Monero is gonna explode soon#XMR/USDT #Analysis
Description
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+ The price has hit the resistance level and appears to be rejected from it (confirmation will come once the candle closes).
+ We can consider entering a long trade once the price retraces.
+ There is good potential in the bull run if the price bounces back after reaching the support zone.
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VectorAlgo Trade Details
------------------------------
Entry Price: 170.1 - 152.88
Stop Loss: 95.96
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Target 1: 183.27
Target 2: 240.56
Target 3: 295.61
Target 4: 370.83
Target 5: 469.02
------------------------------
Timeframe: 1M
Capital Risk: 1-2% of trading amount
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
XMR IS VERY BEARISHHi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT 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
XMRUSDT.1DUpon examining the daily chart for XMR/USDT, the technical analysis unveils notable insights regarding Monero's price behavior and future prospects.
Price Action: Currently, Monero is priced at $179.99, following a significant drop of 2.96%. This decline places it near a crucial support line around $98.39. Over the past year, the price has shown a tendency to oscillate between this support and resistance levels, forming a descending triangle pattern—a bearish signal generally indicative of potential continuation downward unless there is a significant shift in market sentiment or external factors.
Resistance and Support Levels: The most prominent resistance level is at $187.63, where the price has previously faced substantial selling pressure. Overcoming this level could shift the medium-term outlook from bearish to bullish. The support level at $98.39 is equally significant as a breach below this could lead to a test of the lower boundary at $96.37, marking the year's low.
Moving Average Convergence Divergence (MACD): The MACD indicator displays a bullish crossover as the MACD line (blue) has recently crossed above the signal line (orange)
, suggesting increasing bullish momentum in the short term. However, both lines are still below the histogram's zero line, which implies that the prevailing longer-term trend remains bearish.
Volume and Volatility: While the chart does not detail volume and volatility, these factors would typically add critical context, particularly in confirming the strength of price movements through volume-supported breakouts or breakdowns.
Conclusion:
The current technical setup of XMR/USDT presents a cautious scenario. The recent bearish momentum and position within a descending triangle pattern generally suggest a downward continuation. However, the bullish crossover in the MACD indicates a potential for short-term recovery. Traders should monitor whether the price can sustain above the $98.39 support. A break below this level could be detrimental, signaling a likely continuation to lower lows. Conversely, a successful breach above the resistance at $187.63 could invalidate the bearish pattern, possibly leading to further upside. Therefore, maintaining stop-loss orders slightly below the support and considering profit-taking near resistance levels would be a strategic approach under current conditions.
$XMR is back on track againSince the drawdown by major exchanges, OMXSTO:XMR has seen big losses
But now on the last weeks, it has regained previous price area!
One more evidence of an algorithmic price behavior in crypto markets
If you want to know more about how you can leverage your game with algorithmic price behaviors, just check my signature link