XMR going strong💪Monero broke up this triangle📐 and I think there is chance for run to 372 and even higher. Setting BUY LIMIT order to previous range high to catch🎣 the pullback. Notice how price action respects the Fibbonaci extension applied to initial impulse. 0.618 already broken, 1 just tested. Next hurdle will be 1.272 and finally the 1.618 which corresponds with the triangle target. Easy breezy, beautiful.
ENTRY : local high @ 282
STOPLOSS (SL) : local low @ 248.9
TARGET (TP) : height of the triangle projected from midpoint of the local range (BUY LIMIT - STOPLOSS) @ 372
REWARD RISK RATIO (RRR) : 4.3
INVALIDATION : when SL level hit
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⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
XMRUSDT trade ideas
Monero Target price 500 Usd on weekly Monero is approaching a resistance area comprised between 252 USD and 308 USD equivalent to fib retrenchment 61.8% and 50% of previous Break out .
In case of break out 500 $ can be an easy target
XMRUSDTHello Crypto Lovers,
Mars Signals team wishes you high profits.
This is a one-day-time frame analysis for XMRUSDT
The price has a rise when it broke the white line. Now it is moving near the resistance line although it couldn't break the line and move over it. We believe it moves to the support line. If the price is not supported, it moves to the next support line. In case it breaks the resistance line and the entrance candle is observed, it continues its rise to the next resistance line.
Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions.
Wish you luck
Monero ZCash long.....Monero and ZCash the cryptocurrency that allow unteachable transactions from 24 February ( Start of Ukraine war ) are drastically over performing Bitcoin.
Volume are all also very high this increase in utilization and price might be due to the fact that they are used by Russian to get around western sanction
XMRUSDT Shark PatternThe Shark pattern is a distinct 5-point reversal structure that was discovered by Scott Carney in 2011. It is similar to the Bat Pattern, except for the C point exceeding the BC leg. It can point to a strong counter-trend move. The potential Reversal Zone (PRZ) is defined by the following harmonic levels: the 0.886 retracement of initial leg and the 1.13 reciprocal ratio of the initial leg. Targets can be various retracements of the CD leg, all the way up to C itself. There are different methods of determining where the stop would go. Some put it beyond the next structure level after the D point, others choose the 1.41 extension of XA.
Conservative traders look for additional confirmation before entering a trade based on an indicator value, a specific candlestick pointing at a reversal or confluence with other methods. The Shark pattern can be either bullish or bearish. It is as effective as other harmonic patterns and a common variation on trading this pattern is to trade the last leg to completion. TradingView has a smart drawing tool that allows users to visually identify this price pattern on a chart.
Why thank you, guys and gals! I just reached 250 subs here today, directly after the glorious Monero breakout!
Thanks everyone. And as I said-- we are just getting started.
Stay tuned!
♠️🤫🐿
XMRUSDT Is showing divergence at the top of the channel
XMRUSDT Is showing divergence at the top of the channel . The price is making higher high but RSI is show Lower low. The price has got rejected from the top of the channel from a major resistance. We can expect that the price breaks below the lower band of the channel and continues to go lower.
💎 XMRUSDT
🔵 Entry zone 280.8 - 262.5
🟢 TP1 239.0
🟢 TP2 208.0
🟢 TP3 140.0
🔴 SL 297.0
Good Luck 🎲
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (226.7).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XMRUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 249.9
TP2= @ 264.9
TP3= @ 276.6
TP4= @ 293.5
TP5= @ 309.9
SL= Break below S2
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. . . . . . . . Hit the 👍 LIKE button,
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💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
XMRUSDT is testing the resistance The price is in the accumulation phase below the daily and weekly resistance on 226$
As you can see on the daily timeframe the price created a double bottom in 140$ area, created a W pattern retested it for a new bullish impulse until the current resistance.
on the 4h timeframe, the price is creating a channel between the 209 and 226$
How to approach?
The price needs to have a CLEAR breakout from the weekly resistance, According to Plancton's strategy , we can set a nice order
–––––
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
–––––
Follow the Shrimp 🦐
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (226.7).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XMRUSDT is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 249.9
TP2= @ 264.9
TP3= @ 276.6
TP4= @ 293.5
TP5= @ 309.9
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
$XMR (Monero) Swing Long Update +66% #MONERO #XMRSince our first call of $XMR back in March, we are currently up 66% in profits and we have hit our 2nd target! XMR is currently not following the rest of the crypto market having its own little bull run.
Nice weather up here! (MONERO/XMR) This is just a thank you to everyone who has been following me the last couple months through this Monero breakout... 🍾
We could definitely see a drop to retest 275 or even lower, however the overall positive trend since the end of Feb is bullish all around.
Definitely a bit of a celebration for me with how much passion I have for Monero, privacy tokens, and personal liberty in general. 🎉
♠️🤫🐿
XMRUSDT - SETUPXMRUSDT price is breaking out strongly the long-term resistance with some sustainability, So we are expecting a good upside move if bulls enable their presence. Watch out the levels!
XMR LongHello guys, i am already in this trade i bet on long, to be sure i will need RSI to turn opposite and there i think will be impulse run. My entry was 255.06
Short Position on XMRUSDTAs you see, The XMR are in up-trending Chanel, and reached to the top of the Chanel.
Shall we get Short position on it?
Monero (XMR) back into the rainbow 🌈Monero still showing bullish signs. I wouldn't expect another all-out pump, albeit we can never be sure.
However, what I'm personally expecting as of now, is for Monero to bounce around inside this rainbow of parallel channels that I created way back during the big dip on the 2/24/22.
As long as Monero continues within this rainbow (which it has been doing now for almost 2 solid months), we are in good shape.
♠️🤫🐿
#Monero adds 90% From Q1 2022 Lows, Will #XMR Rally to $300?
Past Performance of Monero
Monero is stable in the previous 24 hours but up eight percent versus the USDT in the previous trading week. Technically, buyers are in control, adding roughly 90 percent from Q1 2022 lows. #XMR remains bullish above April 18 lows and the support line marked by the flexible 20-day moving average from the daily chart.
Monero Technical Analysis
Overall, #Monero buyers have the upper hand reading from the candlestick arrangement in the daily chart. Even though the uptrend's momentum appears to be slowing down, the inability of sellers to completely unwind the gains of April 18 and break below the $230 signal strength. As a result, traders may find entries on dips above $230 with an immediate target at $300. On another approach, risk-averse buyers can wait for a clean break above $270 before trading with the primary trend. If sellers press lower, losses below April 18 lows and, most importantly, the middle BB may entail a bear breakout, possibly driving XMR towards $185.
What to Expect from XMR?
Monero is firm to the upside, finding support above the middle BB. Based on the formation in the daily chart, XMR may float higher to $300 provided buyers sustain prices above spot rates.
Resistance level to watch out for: $270
Support level to watch out for: $230
Disclaimer: Opinions expressed are not investment advice. Do your research.
The beginning of the Monero rainbow... (XMR)This is a video that details where the path of this rainbow began.
It also just goes over how that whole ROYGBIV parallel channel thing can help anyone out in terms of indications, alerts, etc.
MONERO OVER THE RAINBOW!It never, ever gets old when you find out-- you were right .
XMR and here we ARE!
It's all happening, ladies and gentleman.
Daddy's buying a new pair of shoes. Still a chance to get in at a good spot here right above 250 with a SL of somewhere underneath 244... just sayin.
Monero XMR inverted head and shouldersMonero is showing another head and shoulders formation in the chart -- she's looking towards the sky...
"Sir.... we were cleared for style="color:#FFFF00">take off over an f'ing week ago, standing by at mandatory hold M-69-420 awaiting departure clearance." ... 🛫
🤞🏼 - 🙏
♠️🤫🐿
XMR LONGThe XMR is upwards and after reaching the resistance, it has a fall
If the number of followers reaches 100 this week, I will put pure analysis every day.
Follow fractal_analysis98
Monero breakout! (XMR) poised for a run!I realize that it is floppy Friday, (...and tax day for us stupid Americans) .
However, Monero has been continually making positive moves throughout this entire last bearish 10-14 days we've had with BTC and the rest of the crypto-verse.
I have been following Monero more closely than any other coin/token/currency that I chart.
I've been mining XMR using cheap CPUs since 2018, and have been heavily invested since fall of 2017.
I personally just sold all of my Ethereum and threw it into XMR. if anything... I'd be on the lookout
♠️🤫🐿
Monero (XMR) insanely undervalued!Throughout the last 7 weeks since the beginning of the geo-political turmoil, XMR has continued a steady, albeit slow, predictable rise through all manner of chop coming from BTC and ETH.
You can even see large parabolic downshifts in which -within a matter of hours, or a couple days- Monero returns to the exact same trend, as if nothing had ever taken place.
I am currently working on a video about this overall positive Monero trend going on; with that being said, Monero is incredibly undervalued right now.
♠️🤫🐿
