XMRUST trade ideas
XMRUSDT | CONVERGING...XMRUSDT has been trading in a ascending triangle. The price is converging. Now price is approaching to upper side of triangle. We are expecting a bullish breakout above the triangle. However, the price is making higher lows but is unable to make higher highs since the appearance of bullish divergence . Indicating converging of price and breakout is near.
The bulls need to break above the triangle, While bears will be in control below the falling resistance.
Manage your trades accordingly.
#Monero Rally 15%, XMR Liquidation Level at $140Past Performance of Monero
Monero plunged 32 percent from H2 2022 highs. However, losses were temporary as prices bounced to spot rates, looking at the performance in the daily chart. Technically, buyers have a chance from a top-down analysis. Notably, XMR has support at around $115, coinciding with the 78.6 percent Fibonacci retracement level of the H2 2022 range.
#Monero Technical Analysis
Monero is within a bear breakout formation. Currently, XMR is within the November 9 bear candlestick but is relatively higher, gaining 15 percent from last week's lows. Aggressive traders may aim to fade the trend as long as prices are above $115. Ideal entries for buyers to double down would be available once buyers push above $140, preferably with rising volumes. If not, conservative traders would look for shorts once prices drop below $115 and the current bear flag with equally high volumes, confirming losses of November 9. In that case, XMR may shrink to $100.
What to Expect from #XMR?
The coin is weighed by fundamental factors. Therefore, recovery is subject to the overall market conditions. Any surge above $140 nullifies the present preview, allowing bulls to blossom to H2 2022 highs.
Resistance level to watch out for: $140
Support level to watch out for: $115
Disclaimer: Opinions expressed are not investment advice. Do your research.
XMR/USDT 1DAY UPDATE BY CRYPTO SANDERS !Hello, welcome to this XMR/USDT 1DAY chart update by CRYPTOSANDERS.
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CHART ANALYSIS:-Monero (XMR) was closing in on a one-week high on Thursday, as market volatility eased a week on from the FTX collapse.
XMR/USD raced to an intraday high of $132.97 in today’s session, which comes a day after trading at a low of $127.09.
Today’s move saw monero hit its highest point since last Friday, and it is now marginally below a ceiling of $133.50.
Looking at the chart, earlier gains have somewhat eased, as traders became nervous the closer price moved to this ceiling.
The 14-day relative strength index (RSI) also collided with a key resistance level of 43.00, and as of writing is tracking at 42.09.
Should bulls intend to move prices above $133.50, this ceiling of 43.00 will need to be broken first.
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Monero XMR price is preparing for long-term growthMonero is an old-school bastion of anonymity in the crypto world that has survived and is in demand. Because its "friends in the shop" from the first generation of altcoins DASH and ZEC are hopelessly depreciating, although they were once much more popular and expensive than XMR
Sooner or later, the cryptocurrency market will be regulated, and for holders of the XMR coin, its presence will be like a breath of fresh and anonymous air of the "truth cryptan")
If we look at the global price chart of XMRUSDT on the weekly timeframe, we will see that the price has been consolidating in the form of a triangle for more than 5 years since 2017.
Now the price has hit the lower boundary.
Also, the price of XMRUSD has not updated the June 2022 low, while the price of BTC and many other altcoins have recently updated their 2022 lows.
Summing up, we believe that keeping at least 1 XMR in your long-term investment portfolio is a matter of honor and devotion to the creators of the anonymous crypto world.
Sooner or later, the time will come when you can sell your Monero for $4000+ .
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Back Test of Support - See Previous Post Here Check the chart. See previous chat idea below.
Back test idea played out.
Load up.
XMRUSDT wants the pullback?
the price is trying to grab new liquidity from the daily demand zone in order to create a new pullback
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <= 1h structure.
Follow the Shrimp 🦐
Bull Flag Zoomed In / Bull Flag Zoomed OutZoom in bull flag.
Zoom out bull flag.
Identical patterns shaping up right now both on hourly and zoomed out weekly.
Ripped
Retraced
Rip again
XMRUSDT needs to hold the support
The price had a false breakout from the dynamic daily resistance and now the market is testing the local demand zone.
How to approach it?
IF the price is going to have a breakdown from it and retest the current support as new 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.
⚫️ black structure -> <= 1h structure.
–––––
Follow the Shrimp 🦐
XMRUSDT Elliott Waves AnalysisHello friends.
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Everything on the chart.
Entry: market and lower
Target: 195 and ~250
after first target reached move ur stop to breakeven
Stop: ~99 (depending of ur risk). ALWAYS follow ur RM .
Risk/Reward: 1 to 3
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Monero (XMR) Price Prediction 2022Monero (XMR) Price Prediction 2022
Monero (XMR) holds the 29th position on CoinGecko right now. XMR price prediction 2022 is explained below with a daily time frame.
The above chart of Monero (XMR) laid out the symmetric triangle pattern. A symmetric triangle pattern is formed by two converging trendlines. In this pattern the upper trendline of the triangle connects the highs. Lower trendline of the triangle connects the lows.
Currently, Monero (XMR) is in the range of $155.1. If the pattern continues, the price of XMR might reach the resistance levels of $158.9, $166.4 and $172.7. If the trend reverses, then the price of XMR may fall to $139.6 and $133.7.
Monero (XMR) Support and Resistance Levels
Resistance Level 1 $170.4
Resistance Level 2 $210.2
Resistance Level 3 $255.4
Support Level 1 $139.9
Support Level 2 $104.3
Happy Trading
XMR stalling at MA200XMR and ETH are in the same position right now. If either can break through, it would be XMR, but I doubt it still.
#XMRUSDT Trade setup: Bullish breakout from Ascending triangle (above $150 resistance zone). Price could swing to near $180 resistance where it got rejected a few times in August. (set a price alert)
Pattern: Ascending Triangle which is a continuation pattern (it typically breaks out in the direction of existing trend). Most traders wait for a breakout but Swing traders could trade between the trendlines (Buy at Support, Sell at Resistance) as long as the trendlines are still relatively far apart.
Trend: Uptrend on Short-Term basis, Neutral on Medium-Term basis and Downtrend on Long-Term basis.
Momentum is Bullish ( MACD Line is above MACD Signal Line and RSI is above 55).
OBV (On Balance Volume): is rising, indicating that volume on Up days is greater than volume on Down days. Hence, demand (buyers) exceeds supply (sellers).
Support and Resistance: Nearest Support Zone is $130, then $100. The nearest Resistance Zone is $150, which it broke, then $175, and $200
XMR/USDTblue lines descending channel!
White lines is the bull flag pattern which has broken out out, when you measure the pole of the flag, the potential target for $XMR in the short term is $220
Monero is undervalued and can got to $5000 next bull run
#Monero Edges Higher above $152 in a Buy Trend Continuation FormPast Performance of Monero
Monero prices might have broken off a long-term, six-month trend line, but the uptrend needs to be more convincing. A notable development in the daily chart is the failure of buyers to build on gains of late October. There was a 2-bar formation signaling weakness following the printing of the bear engulfing bar of October 2. However, the expansion of early today is injecting momentum, driving prices higher.
#Monero Technical Analysis
Monero is within a bullish formation. However, recent trading volumes have been lighter, and there was a bearish engulfing bar with relatively high trading volumes hinting at weak bulls. Therefore, based on this formation, traders may search for unloading opportunities, especially if today's prices end lower, below the middle BB and $145. In that case, XMR may likely crash to $134 in line with the September 13 bearish engulfing bar. On a more positive outlook, the bullish breakout will be valid, and not a trap, if XMR reverses mid-this week losses, forcing prices above $152 and this week's high. In that likelihood, Monero may float to September highs at $165 in a buy trend continuation formation.
What to Expect from #XMR?
XMR is in a bullish formation. However, it can be a bull trap if prices retrace from spot rates to below the middle BB and $140, aligning with losses of November 2. Any surge above this week's highs would relieve buyers, injecting momentum and forcing XMR to new Q4 2022 highs.
Resistance level to watch out for: $152
Support level to watch out for: $145
Disclaimer: Opinions expressed are not investment advice. Do your research.
Trade for the dayconsiderable resistance there for XMRUSDT because the market is in bearish mode. I think it will go down.
XMRUSDT | FALLING RESISTANCE BROKENXMRUSDT has been trading with in a range. The price has bounced back from support zone and broken above the falling resistance.
The price is currently trading at horizontal resistance.
The bulls need to break above the resistance.
The break above will give complete control to bulls.
Manage your trades accordingly.
XMR good buy positionMonero, created in 2014, offers a decentralized and anonymous transaction system. Operating in Proof of Work, Monero was a fork of BTC.
The promise of the Monero blockchain is to provide an untraceable means of transaction and to guarantee user privacy.
Prices broke the bullish flag with supporting volume indicators:
MFI broke its trendline (accumulation in on going)
CMF broke its trendline, as well (increasing buy pressure)
In my opinion, now it's a a good moment to accumulate XMR for mid-term hold.
buy long team x10-20ethw is eth so price i think =1/10 eth ok
thanks buy and hodl about 5-10eth
thanks
XMR/LRC UptrendXMR/LRC in massive uptrend. LRC is a very weak chart, and XMR doesn't look bad on its own either.
XMRUSD ❕ reversal bullish dojiXMR trades between two levels.
After the correction, the price formed a reversal bullish doji.
I expect that the asset can grow if it holds the support level.