Channel's floor supportA channel's floor support is in place for Monero, and unless the $164 - $168.5 range is broken, there is potential for a retest of $207.1 resistance. Due to the strong negative reaction that was observed the previous day to the resistance, it is more likely that the trend will range this week.
XMRUST trade ideas
XMRUSDT (1H) - Bullish breakoutHi Traders
XMRUSDT (1H Timeframe)
The market is in an uptrend, and we are waiting for an entry signal to go LONG above the 186.58 resistance level. Only the downward break of 182.20 would cancel the bullish scenario.
Trade details
Entry: 186.58
Stop loss: 182.20
Take profit 1: 189.20
Take profit 2: 193.55
Score: 8
Strategy: Bullish breakout
🔥 XMR 20-Month Bearish Channel Break OutOver the last few months I made a couple analyses on XMR and the channel it was trading in. In my last analysis I expected XMR to move towards the top of the channel, and potentially break out of it.
As of now, XMR is on the verge of breaking out. A patient trader will wait for confirmation on the 3-day or weekly chart.
In case of a break out, I'm looking at $210 and $250 as my targets.
✴️ Monero Looks Ready To Take The Jump, 120% Growth PotentialMonero has been green 6 weeks straight.
Only 1 red week within an 11 weeks period.
The slow rise started after the June 2022 low but bullish momentum has been building up since early November.
Currently, XRMUSDT is trading and growing above EMA50 weekly with a very strong RSI.
Everything is flashing, "Warning, sudden growth imminent!".
We are looking at 80% to 120% potential for growth.
Namaste.
#Monero Adds 50%, Will The $170 Support Hold?Past Performance of Monero
Monero is trading above August 2022 highs as momentum fades. The uptrend remains valid, and XMR is up over 50 percent from November lows. As long as XMR trades above $170, buyers remain in control and may push prices toward $200 or better in sessions ahead.
#Monero Technical Analysis
XMR is within a bullish breakout formation, reading from the arrangement in the daily chart. For the uptrend to be sustained, XMR bulls must keep prices above $170. Otherwise, any loss below the August 2022 high may invalidate the bullish breakout of mid-January. Ideally, conservative, risk-off traders may wait for XMR prices to push above $185 in the short term, breaking out from the current $15 consolidation. Then, they can double down, especially if the accompanying volumes are high, targeting $200.
What to Expect from #XMR?
Bulls are confident but should $170 fail to hold, Monero may correct, possibly dropping to $150. This level marks the 50 percent Fibonacci retracement level of the November to January 2023 trade range.
Resistance level to watch out for: $185
Support level to watch out for: $170
Disclaimer: Opinions expressed are not investment advice. Do your research.
XMRUSDT In case of failure, this range can be similar to the photo
❌These analyzes are just to give a better perspective for you dear ones
Do not base on buying and selling❌
XMRUSDT...too late to publishBINANCE:XMRUSDT
i'm sorry i didn't publish this sh*t idea about #MONERO.
but here is the idea anyway.
it's all about retracement
it's all about technical analysis
#STOP_BEING_POOR
XMR 10% moveCould go either way currently we have upside momentum ....... But with alot more indicators factored in the downside 10% is more likely. we may move up a bit more first, so it may be mor like 13% buy the time we reverse.
As always DYOR
#XMR/USDT: Descending Channel🔸 A descending channel has been distinguished. A descending channel indicates a next move up in case if price breaks out. XMR/USD targets a move to 174 while above 172.5.n above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. We may consider buying at the current price zone and targetting higher level.
XMR Idea: The price failed to break through the upper border of the falling channel. Bearish divergences formed and possibly a double top pattern. 200 EMA and POC level - nearest strong support levels
Monero still has bullish momentumXMR continued its upward trend over the past weeks, and according to the previous analysis, its price growth increased just after breaking any resistance, turning that level into support. Monero still has bullish momentum, and if it breaks the current resistance in the $172 - $178 range, it could rise to the top of the main descending channel. Note that the channel ceiling resistance overlaps at $200 and is a psychological level. Therefore, the possibility that the price will be corrected from this range is high. If this resistance is broken in the future, we can expect the end of the corrective wave in the weekly time frame and the beginning of the price movement to reach the previous ceilings. Also, if this resistance is broken, the daily trend can be upward. Therefore, pullbacks that return to support areas in the future can be considered demand areas.
XMRUSDT 1HXMR is facing the cloudiness of the Ichimoku cloud and passing through it must go to the upper edge of the triangular wedge imposed by the 1H time frame, in this pass it can retreat to the lower and then pull back. positive prognosis, as XMR is the most popular privacy coin. The $173.3 region where the MM100 sits is also a powerful support should there be a larger correction as the market is still heavily dependent on the Fed's policy on interest rates and is not out of the woods until the Fed changes its stance aggressive.
Key support levels: 175.5 / 174.6 / 173.3
Main Resistance Levels: 178.6 / 179.2 / 181.4
MM100: At the height of $173.3
RSI: Exhaustion of Selling Forces
XMRUSDT H4Looking at the H4 chart, my overall bias for XMRUSDT is bullish, however we have the MM200 which I believe may visit before starting its bullish run. RSI shows an exhaustion of selling forces and besides XMR has just touched the lower edge of the Keltner Channel, which could be indicative of a pull back, the Ichimokut cloud also indicates a rise as it exerts a gravitational pull on the asset, both up and down.
Here are the supports and resistances:
S: 157.2 / 154.1
A: 165.9 / 168.3
Fundamentally speaking XMR is one of those high octage altcoins. Monero Privacy Coin, uses proof-of-work consensus mechanism to validate transactions and add them to the blockchain, it also uses the combination of stealth addresses and ring signatures to provide greater privacy and anonymity for its users.
MONERO MY BABY DUMPS.For a banned Coin. Monero has exceptional technicals. We have great bearish structure on the weekly flowing all the way to daily. The H4 confirms this now we wait for a pull ball. and take up more sells. We already have a trendline break and a looming head and shoulder retest. if price moves into that supply zone. we are goin in for more sells.
XMR Idea: The price failed to consolidate above the upper border of the channel and fell to the lower border. A strong hidden bullish divergence is noticeable - a signal for a possible continuation of the uptrend. Breakdown of the lower border will lower the price to the POC zone
$XMR Finally Breaking out of 140 Day Channel? 12 Jun 2022: Price Dropped Down To $96.70
16 Aug 2022: Price Rose To $174.2 (+80% Increase in 2 Months)
Since 16 Aug 2022, we have been in this specific downtrend channel.
Closing the weekly candle above $153.10 would signify a new previous high and/or possible reversal.
Possible Resistance/Support Zones #1-4 Drawn Out. Higher # Zone = Higher Probability/Strength for Possible Resistance/Support due to overextension in price.
#XMR/USD: Monero: Bearish FlagIt seems like a bearish flag is close to being done and XMR/USD lacks a further bigger move as an indication of a breakdown. A bearish flag often identifies an interruption of an uptrend if price breakdown occurs. XMR/USD risks extra losses towards 172 on a breakout of the bearish flag.
Monero longMonero is bouncing off the Fibonacci 0.618 retracement zone which is also in line with the support area. Bullish movement to resistance level at 185 is expected to happen.
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)
Entry: market and lower
Target: 165 - 195 - 230
Main target zone: 220 - 250
after first target reached move ur stop to breakeven
Stop: ~115 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 5
risk is justified
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.
Is monero ready to go?After a long time analyzing this coin, and having seen bullish potential in 2016-2017 and price stabilized since then, perhaps monero will gain investor confidence and may have a rally soon. Will privacy be the way in this world where we are politically chaotic? Who knows... make your reservations carefully.
XMR currently under resistance and safest entry is on 2hr retestXMR under resistance
safer entry - enter on 2hr retest
Target 1: 199.86
Target 2: 219.77
Target 3: 238.94
Stop Loss: 153.40
Manage Risk - have a stop loss in place
price movement prediction
Price Prediction
not financial advice
this is for entertainment purposes only
always DYOR
$XMR/USDT 2D (#Bybit) Symmetrical triangle breakdown and retestMonero has pulled back to 100EMA resistance where a rejection would make sense.
⚡️⚡️ #XMR/USDT ⚡️⚡️
Exchanges: Binance Futures, ByBit USDT
Signal Type: Regular (Short)
Leverage: Isolated (3.0X)
Amount: 5.9%
Current Price:
149.70
Entry Zone:
149.65 - 157.95
Take-Profit Targets:
1) 133.15
2) 117.65
3) 102.10
Stop Targets:
1) 171.05
Published By: @Zblaba
Risk/Reward= 1:1.2 | 1:2.1 | 1:3.0
Expected Profit= +40.28% | +70.51% | +100.85%
Possible Loss= -33.65%
Fib. Retracement= 0.441 | 0.618 | 0.883
Margin Leverage= 3x
Estimated Gain-time= 1-2 months
Tags: #XMRUSDT #PoW #Mining #Privacy #Blockchain #Bytecoin #Hardfork
Website: getmonero.org
Contracts:
#Mainnet
#Secret
#Monero soars 40% in 2 Months, XMR May Reclaim $170Past Performance of Monero
The march higher has been impressive for Monero. At spot rates, XMR buyers have reversed losses of early November and look to spring to above Q4 2022 highs. XMR is now up 40 percent in two months as the coin aims to shake off bears of the better of 2022.
#Monero Technical Analysis
Monero was overly bullish in H2 2022. Based on the development in the daily chart, the coin found support from the 78.6 percent Fibonacci retracement level of the H2 2022 trade range. The recovery from November lows is a positive move. As XMR tracks higher, aligning with the upper BB, traders can look to double down on dips above $150. This line flashes with December highs, and the current formation, a bullish breakout. The immediate target will be the H2 2022 high at $170.
What to Expect from #XMR?
XMR is solid, outperforming the USD. After initial scares of early November, Monero buyers are soaking in all bearish pressures and galloping higher. At this pace, XMR may retest H2 2022 highs if the coin is above $150 or December 2022 highs.
Resistance level to watch out for: $170
Support level to watch out for: $150
Disclaimer: Opinions expressed are not investment advice. Do your research.
