XMR: Possible Retest of an Older Bullish AreaXMR: Possible Retest of an Older Bullish Area
XMR broke down like all the other ALTs during August 17 and the price proved that it is holding very strong.
It is accumulating more than one month and the price is getting ready to break through the
old structure zones.
However, for the moment, I would like to focus on the first and the zones for taking profits
considering that the market is not stable yet.
Thank you and Good Luck!
XMRUST trade ideas
XMR Trading PlanHorizontal supp/resis yellow lines
2 ascending support lines
2 descending resistance lines
DAILY horizontal RSI support at 19.2
WEEKLY descending RSI resistance
XMR/USDT Getting Ready To TAKE OFFHey traders👋
XMR coin is another one that is looking bullish here on Daily chart! Although usually price had instant volume push when touching that trend line there this time is has been building up slowly. We see that there is a good potential for bullish movement but we need further confirmation here so keeping eyes opened!
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Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
XMRUSD ❕ reached the resistanceXMR broke above 50EMA (4H TF)
Trading volumes remain stable.
50EMA broke up through 200EMA (30m TF)
RSI is moving in the bullish zone.
I believe that the asset will continue to rebound after fixing above the resistance level.
$XMR waiting for a double breakoutOMXSTO:XMR waiting for a double breakout, entry loading????? OMXSTO:XMR inverse H&S pattern loading inside a triangle pattern.
If the market breaks the neckline and the resistance of the triangle pattern we can expect more to the upside.
Keep an eye on this. This will be a huge thing near future if the above mentioned scenarios happened.
Monero shortMonero bounced off the resistance level. Asset bounced down off the bearish trendline. Decline to support level at 137.7 is expected to happen.
XMR LONG SignalGot a Long signal on MONERO USDT, usually the XMR Signals do work out with a winrate of 83%.
Once the algo closes the trade i will update the idea here, stay tuned
Downward Trend and Price DynamicsMonero has experienced a consistent decline over the past month. Despite considering a support level around $158, there wasn't enough demand to maintain it. This coincided with increased selling pressure, causing Monero's price to drop to around $136. This puts the currency back into the range where its previous upward movement began, as seen in the daily timeframe. Looking at the weekly timeframe, there have been 9 consecutive bearish candles, indicating significant selling pressure. To change this negative trend, a decisive break above the $149 level is necessary, which could lead to potential price growth towards the target of $200.
In the short term, the price chart displays a channel between $150 and $135. If the lower boundary of this channel is breached, considering the overall bearish market conditions, there's a possibility of further price decline towards the $125-$120 range for Monero (XMR).
Will XMR break the 115-day trend line?⚠️This is my opinion and is not a signal to buy or sell⚠️
I don't predict the market and I react to the movement of the market. Let's go to start
As always, we make our own scenarios and wait to see what the market will do
1_We have two strong resistance levels,137.2AND 132,5
We can open a position after the break of 137.2 (closing the candle after 137.2), the risk is better for the reward instead of more risk because the price may return after reaching 132.5, so we can save at 132.5 and save Our 115-day trend line breaks at the same time as 137.2 breaks, that's why I like this scenario more Hitting the trend line for the fifth time, as the saying goes, the more hits, the more likely it is to fail.. Let's wait and see what the price will do
2-Let's wait until 132.5 to see if it breaks or not. Instead, we will get the best position and expect more fall
Maybe the 132.5 line will never be broken
The third scenario, none of the above scenarios happen, the market will be bullish😉
Thank you for reading my comment. If you have any comments, be sure to comment. Thank you
XMR: Support BreakoutMonero (XMR) technical analysis:
Trade setup : After getting rejected at $170 two- or three times (Double or Triple Top pattern), price broke below $150 support and could revisit $132 support next.
Trend : Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance : Nearest Support Zone is $132. The nearest Resistance Zone is $150 (previous support), then $170, and $187.
🔥 XMR Bullish Head & Shoulders: Watch This Pattern! 🚨XMR appears to have formed a clear inverse head & shoulders pattern, which is the direct opposite of a normal H&S pattern. Classically, this pattern appears at important areas of trend-reversal.
I'm going to wait for the neckline to break. Once the price has closed above the neckline, it will be my entry signal. Stop below the right shoulder, target at the 2023 highs.
Note: I'm not counting the August 17th wick because it was a stop-loss cascade wick.
XMR/USDT important supply zoneI am waiting for the price to reach the supply area and after getting the confirmation I will enter the sell trade
enjoy the trade
XMRUSDTBINGX:XMRUSDT.PS
By EMA 30 & 50
Ichimoko
Order Blocks
you can use it
the Stoploss set by ATR but you can change it by yourself idea
lets go
XMR on the long list with the level of 139.8Hello everyone!!!
AIHermes today identified the coin XMR on the long list with the level of 139.8
Entry model - breakout! Leverage 10-20X
Stop is very short.
1st target - 142.
Trade with us, trade better than us!
Today:
18 coins on the short list
12 coins on the long list
Monero Money Flow Picks Up: Should We Continue Trading?The money flow within the Monero ecosystem has recently picked up, leaving me wondering whether we should continue trading this cryptocurrency.
Over the past few weeks, Monero has shown signs of increased activity and market interest. The trading volumes have surged, indicating renewed enthusiasm from investors and potentially creating new opportunities for traders like us. Monitoring the money flow within a particular market is crucial for making informed trading decisions.
The recent rise in Monero's money flow has sparked my curiosity, prompting me to evaluate whether we should consider increasing our trading activities with this digital asset. While the reasons behind this surge in money flow can vary, it is essential to delve deeper into the factors influencing this trend to determine its sustainability and potential profitability.
We must engage in an open discussion about the current state of Monero and its prospects. Together, we can analyze the market dynamics, assess the potential risks and rewards, and ultimately decide whether it is wise to continue trading Monero.
Therefore, I kindly invite you to share your insights and opinions. Your experience and expertise in the trading field would be invaluable in helping us make an informed decision. Please feel free to voice any concerns in the comments or questions regarding Monero's recent money flow surge or other factors that may influence our trading strategy.
I look forward to your response and the opportunity to continue our trading journey with Monero.
XMRUSDT and the ascending triangleHello everyone! XMRUSDT has been accumulating for a long time, so to speak, and globally forms the "ascending triangle" support. Now, locally, we are at the lower border of this figure and, logically, we should reach the resistance level, which the coin has already beaten three times - in the 175 rhine. I would like to note that the graph of the coin is very positive compared to the rest of many alcoins
XMRUSD ❕ resistance levelThe price and RSI charts have formed a bearish divergence (1H TF)
RSI indicates that the buyers have weakened.
I believe that XMR will start to decline after retesting the resistance and fixing under it.
XMRUSDT SHORTAs shown here there is a clear head and shoulders pattern which is highly likely to fall down to the 111 level.
The profit target for this short is calculated by measuring the height of the top of the "Head" to the "Neckline", displayed by the white line, and taking this distance from the top of the right shoulder.
I found that usually this profit level will be reached during head and shoulders formations. The normal place people will target will be the height of the head taken from the "break point", however this much of an extension is much less frequent.
Any price above the neckline is a good entry, but the close the entry to the top of the right shoulder the better.
# Not Financial Advice
SasanSeifi 💁♂️XMR👉1D🔻 149$ / 145$Hey there! In the daily timeframe, we can certainly see that after a rise from the $172 range, there was a corrective trend. And now that the price has broken through the LOW $155 mark, I'm kinda thinking we might see it adjust around the $149 and $145. However, it's always good to see how the price reacts at support levels. What's your opinion? Do you agree with this analysis?
Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗
Wishing you loads of success in your trading adventures, my friend!✌
❎ (DYOR)...⚠️⚜️
Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help!
And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
XMR/USDT Looking For Correction To Lower Zones! Hey traders 👋
XMR coin seems ready for a fall as well here! We will keep it short here: We had a nice bullish movement which left many unfilled gaps here; RSI having a re-test of lines; Waiting for EMAs to breakdown! Nothing hard here so let's see how we play out here!
If you like ideas provided by our team you can show us your support by liking and commenting.
Yours Sincerely,
Swallow Team
Disclamer:
We are not financial advisors. The content that we share on this website are for educational purposes and are our own personal opinions.
XMR/USDT possible scenario?👀 Monero(xmr) Today Analysis
💎 XMRUSDT is making a promising move as it successfully mitigates the supply zone containing the bearish OB and fills the imbalance.
💎 Currently, we observe that it has been rejected several times from a certain resistance area, indicating a loss in bullish momentum.
💎 The RSI also shows a significant downward move. If the price breaks the resistance level, it will set up bullish momentum.
💎However, if it fails to break the resistance, the price could take a downward turn to mitigate the Bullish OB
💎In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
XMR Investment Plans.I'm going to make an investment purchase of Monero next year.
A significant portion of the money I've been making in futures will go into a long-term buy and hold of XMR.
Ready to share my vision of how I will buy. I expect a qualitative change in attitude towards Monero in the coming years.
The number of beneficiaries of invulnerable capital is growing.
This means that bought with money that in no way can be cashed in Monero becomes an important link in the withdrawal of capital.
By the way, I also believe that in the coming years there should be platforms focused primarily on decentralized trading using Monero.
1. $97-95 - 20% of total planned budget.
2. $62 - 40% budget.
3. $40.05 - 40% budget.
Real life will begin in 2025. ;)
I expect at least $900-1000 for XMR at the peak of the market.
XMR/USDT Looking For Further Drop! Hey traders 👋
Let's take a look at XMR coin where we see a nice potential for some further bearish movement to happen sooner or later. One this as well we want to mention here is that beautiful RSI setup which has been going down very steadily which also led to an beautiful breakdown from EMAs
Now we are looking for a smaller re-test before we move to bigger drop here so eyes opened!
Have a great start of the day
Swallow Team
P.S - If you like ideas provided by our team you can show us your support by liking and commenting.
