$XMR 1HR Range$XMR performing well against the market today, but looks to be ranging after seeing resistance at former highs. RSI following the same range, with MACD looking to roll over to bear momentum for now.
Has performed substantially well all things considered.
I personally hold $XMR long term, just want to disclose that whenever I look at a coin I hold.
Monero
XRM is Ready For SHORT PositionXRM /USDT is Going to get a good setup for SHORT POSITION
you can get this position with LEV15 X
Good Luck & dont forget to set SL & TP
long MONERO$XMR is bouncing off the support level. Bullish movement to the resistance level at 243$ is likely to happen.
Monero Completing Potential Zigzag Elliott Wave PatternXMR looks like it is completing a potential zigzag where wave-c is only about 62% of wave-a. This implies that the entire zigzag should get retraced and we should see a powerful move to new all time highs.
Wave-c is also a potential terminal impulse which means it should be retraced very quickly. To confirm the terminal impulse we must retrace all of wave-c faster than it was formed, and it will likely happen in less than 25% of the time of wave-c.
We've already slightly broken the 0-b trendline so if this gets some follow through we could see a fast move up to new all time highs.
The timing of all waves is virtually perfect and basically all rules are followed from a price, time and structure perspective.
This comes at a time of extremely heightened privacy concerns regarding sanctions targeting Russian crypto addresses and Canadian asset seizures targeting vaccine mandate protestors. Monero is the oldest and most trusted privacy coin, as well as the most liquid and most widely used in dark net commerce so it has several advantages, especially for larger entities like Russian elites who want to avoid sanctions. Based on this I have a feeling XMR could do well at least in the short-term but potentially in the longer-term as well.
There's also very large bullish momentum divergences forming that indicate a large move to the upside could be happening soon.
Potential targets depend on how quickly wave-c and the entire zigzag are retraced. It's possible that this is a triangle wave-c instead of a terminal, meaning it would be followed by a d-wave, though this seems unlikely. If we a get a wave-d then it won't break all time highs and wave-c likely won't be retraced faster than it was formed. If we get a fast retracement then this should go to around 3k at minimum, but depending on the long-term could even go as high as 20-100k in a few years.
great entry on XMR - channel intact since February great for short or long term IMO. $220-230 XMR is a steal and we will see $250 soon for a short term target, but with xmr/btc looking strong, I think we will see great long-term numbers for EOY and next year, too.
Keep stackin' momos :)
Monero $XMR to $200 Monero has continued its mark-down with solid intraday trading opportunities, rallying briefly to $234 before continuing downward price action.
Expecting $200 early this week due to FOMC meeting & broader markets before deciding if $200 support holds for a reversal & climb back above $250 towards $270 and centerline of long-term channel or breaking down on path to $150.
LTF shorts have upper hand bit will need to assess market sentiment as $200 PT is hit and next phase becomes clear.
Breakout failedUnable to break out, fell back in the downward channel.
If $200 breaks watch out below
XMR one of the hottest coins nowDue to its privacy characteristics, XMR Monero is one of the hottest cryptocurrencies to own right now.
I expect the support to hold a from which it can bounce to the $287 resistance.
Looking forward to read your opinion about it.
$XMR Key Support Test IncomingMonero being tested in major sell-off, support level test and possible bounce.
BTC falling, XMR rising: love to see it!Happy Friday, traders!
A short video with my thoughts (and utter glee) for Bitcoin falling, while Monero rises!
Also some thoughts on some of the other PoS blockchains that are going to be having a big 2022...
(NEAR, EOS... and more!)
♠️🤫🐿
King is Coming Back...👑Monroe has broken a long-term trend in its weekly chart and is recording a pullback to it. If the upward trend of the downtrend is stabilized and reversed, good growth is expected.
I hope you find this analysis useful🌹
Follow for more...
#DYOR
$XMR/USDT 3h (#BinanceFutures) Falling wedge breakout and retestMonero is pulling back to 200MA support and looks good for a bounce after and resume bullish.
Current Price= 243.55
Buy Entry= 244.15 - 238.15
Take Profit= 261.12 | 276.36 | 295.61
Stop Loss= 225.11
Risk/Reward= 1:1.25 | 1:2.2 | 1:3.4
Expected Profit= +24.84% | +43.80% | +67.74%
Possible Loss= -19.95%
Fib. Retracement= 0.5 | 0.786 | 1.117
Margin Leverage= 3x
Estimated Gain-time= 2 weeks
Tags: #XMR #XMRUSDT #PoW #Mining #Privacy #Blockchain #Bytecoin #Hardfork
Website: getmonero.org
Contracts:
#Mainnet
#Secret secret19ungtd2c7srftqdwgq0dspwvrw63dhu79qxv88
XMR/USD Main trend (part). A cup with a handle is formingThis idea is just an update of the previous closed trading ideas of the main trend (to understand what is happening) and the secondary trend (to work) for 2020. I updated, so to speak, after reaching the goals of 480.18 Linear chart specifically to remove "market noise" (squeezes).
The main trend (part). A cup with a handle is forming. The cup with the base of almost 1000%. After reaching the level of $480 a pullback (formation of a classic TA handle to this huge cup) takes place.
It is rational to enter the market on a breakdown or pullback after the breakdown of the descending secondary trend (purple), which is also a resistance of the handle to the cup. Another option is to dial in portions from the support level zones by martingale, on a reversal on the underlying can also be on the breakdown of the pyramid. In very hard times for very fat wallets will show great profits in the moment...
It's worth recalling that the monero (XMR) refers to "anonymous cryptocurrency" in the crypto community. Remember where the founder of this cryptocurrency rested for a long period of time and where he is now. Therefore, we can put a point on anonymity (large amounts).
I am sure in connection with recent events in the world and the destruction of the finances of Russian oligarchs and not only this cryptocurrency will be actively used in 2022.
The liquidity is not comparable to BTC and ETH, so the price can significantly swing at a moment's notice by the cornered.
My previous trading idea for this cryptocurrency:
XMR/USDT Main Trend (long term)
From and to. 118.666 - 480.18
XMR/USDT Local work. Channel. Pivot area
$XMR Pullback LevelsSimple levels here for $XMR. Nuts run this past month or two, harsh pullback, but expected at some point.
Keeping it as simple as that :P MoneroWe keep it simple as that , Breaking trend line , we go down. Till we find our support zone , Using Supply & Demand and SFP :)
Simple as that.
Short idea XMR/BTC Following this move upside now trading the downside. Setup is pretty simple, as detailed in the chart, and straightforward. You can short now or wait for a rebound which isn't really garantueed to happen, and close at the previous highs of the previous pumps waiting for a potential rebound (to short again, check ZECBTC recent for a better picture). GL
MONERO (XMR) For anyone buggin' about not hittin' that lick...As you can see from my hourly Monero TA (if you can excuse all the insanity, this is my most looked at and edited chart), we are at the very low end of the RSI spectrum, coupled with a very steep drop from our cataclysmic rise several days ago. This is a PERFECT long position to be in for anyone like myself who just did a beautiful short/long flip in my futures.
Weeeeeeeeeee.
♠️🤫🐿
Monero $XMR to Test $200Monero has benefited from recent market preference for privacy given recent actions to weaponize financial instruments and access.
(ex: Canada v. Can Citizens, NATO countries v. Russia).
8 consecutive weekly green candles saw XMR appreciate from $130 to $290.
Today, XMR is testing 20 EMA support with multiple indicators reflecting a cooling off period is underway.
Recapturing the 20 EMA would not be bullish given broader markets & headwinds, but would help build support level & reduce likelihood of testing $150 down to $115 price points.
While Monero has longevity, price action will be susceptible to significant volatility as nation states and institutions work to maintain status quo and push centralized agendas and green initiatives that view Proof-of-Work as antithetical to the ESG narrative.
$XMR to Test $200 SupportMonero has realized 8 consecutive green weekly candles, from $130 to $290.
Privacy protocols have benefited from market desire for unlinkable & untraceable transactions this year in the face of the weaponization of financial instruments.
XMR has a long track record, is a trusted blockchain, and has a long-term place in the crypto space.
However, institutions and central banks are trending towards more insight into transactions with the European Union primarily leading the efforts, not to mention concerns regarding Proof-of-Work energy consumption and push towards green/renewable and alternative consensus mechanisms.
Near-term, expecting a test of $200 support from local high of $290 (~30% retracement) with potential to see bearish continuation to $150 and then $115 if the broader macroenvironment continues to realize rampant inflation in the face of a slowing economy.
Indicators support the current decline with MACD reflecting a recent bearish cross on the daily, declining momentum and on balance volume.
Monero has lost 20 EMA, regaining with a close above this would result in need to watch closely as the week progresses.
XMR/USDT : Breaking below the channel !BINANCE:XMRUSDT
Hello everyone 😃
Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it!
$XMR has formed an ascending channel and now it's breaking below the formed channel.
Based on the current volatility of the market; We might have more false break-out or rejections!
So in that term, I just marked an S/R line on $245, Which is going to give us the Short trigger after a close below and we can have our Short on the proper retest of mentioned line.
I would adjust a secondary for those who trying to have passive trades :
Trading setup :
🔻 Entry Pointes : $250 - $255 - $260
📍Targets : $241 - $233 - $217 - $206 - $190
🟥 Overall stop-loss : $285
Hope you enjoyed the content I created, You can support us with your likes and comments!
Attention: this isn't financial advice we are just trying to help people with their vision.
Have a good day!
@Helical_Trades
In the end, "All the pieces go back in the box."This is an off the cuff video that has me discussing a very important trading mantra that I came up with years ago. I still repeat this phrase to myself a few times on a daily basis, while trading.
I feel as though the compartmentalization of your "real" life and your trading life need to be put in place. Otherwise, not only will you make consistent mistakes due to aggravation, you will end up completely losing your mooby-flippin' dome after a while, kid.
♠️🐿🤫
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
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
