Monero/BTC daily pivots - Elliott waves & Fibonacci extensionsHello, I am somewhat new to Elliott Waves, but what I currently see on the "XMRBTC" chart is as follows. We are currently in the 5th wave and we may have resistance at the 0.618 level or at the next Fibonacci touch level and then have 3 corrective ABC moves.
Xmr
Short XMR
In 4H TF, XMR broke the trendline with a big drop of ~ 10% on . Now it is consolidating right below this trendline.
It's expected that the drop will resume because in higer TF (2D), the volume indicator MFI has just broken its trendline. This means that selling pressure continue to increase.
For this HTF view, please see the below screen-shot:
XMR - BTC Looking Strong Coming into the WeekendSaturday 19th November 2022
Welcome back XMR Bulls. XMR is on a bit of a tear at the moment, having broken above the red dotted trend line forming a nice hammer candle, Green 2 on the TD count.
XMR peaked at 0.008055 so far this week. If it does stay above and closes the week out above the trend line, we could see a few more weeks of positive action out of XMR, seeing the weakness in BTC following the SBF FTX debacle.
Let her rip I say.
Money flow is still above the zero line. Volume and Price Oscilllator from Neobutane is creeping higher, but has flashed an overbought signal. But I don't think it will begin to pull back until the purple price oscillator line gets in to the orange band, so things are looking up at this stage. Let's see how the Sunday weekly close play out.
Peace and love and spicey rum.
Happy Sailing Privacy Pirates.
F.Society, F.Banksters, F.Politicians
Best regards,
Snake Plissken
#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.
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
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.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
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.
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
Monero pushing higher before the Red Sea? Hi all, this is my first publication. Hopefully you like my content. Feel free to give me your thoughts in the comment section! Disclaimer: These are my thoughts and opinions, not financial advice.
With Monero's atomic swaps being released I believe we will see an increase in utility and hype across the board. But like most hype ... it is short lived. Not to mention, atomic swaps are a relatively new technology that is still under development. For instance, atomic swaps are currently only one way (BTC->XMR) with future plans of making them bilateral. Also, given we in the early development stages of atomic swaps, their dedicated swap software is vulnerable to unexpected bugs. I personally agree that swaps are a turning point for Monero to hit its potential. Theoretically, an implementation of XMR swaps with any other coin could keep all the eggs in your basket nice and untraceable. In short, Monero can potentially provide the privacy and anonymity that many tokens lack.
Now as for the chart, I see price action heavily mimicking the previous bull run. We can see a rising head and shoulders formation along with similar behavior (from feb 2018) around the current resistance (turned support) area. In the midterm, I see the current fundamentals driving price higher where I will be taking some profits off the table. Although I wasn't able to document my buy at $220 in the most recent dip, I aim to be transparent going froward and document the entire process. Also, a higher drive in BTC as miners recover from the china ban can also prepare XMR to make that next move higher. However, since price is so closely mirroring the 2017 Bull run, I believe this surge will be followed by a dip to our most recent local minimum of around $180 area before rising to make a lower high and confirm a downtrend in XMR.
Moving forward, to truly see monero shine, the team will have to invest time on making their product more user friendly, work out the bugs, and build liquidity. Monero is a strong project backed by provable mathematics, cryptography, and security which is why I will most likely be buying around $190 and DCA at $120 or below if the opportunity presents itself.
Thank you.
XMR good buy positionMonero, created in 2014, offers a decentralized and anonymous transaction system. Operating in Proof of Work, Monero was a fork of BTC.
The promise of the Monero blockchain is to provide an untraceable means of transaction and to guarantee user privacy.
Prices broke the bullish flag with supporting volume indicators:
MFI broke its trendline (accumulation in on going)
CMF broke its trendline, as well (increasing buy pressure)
In my opinion, now it's a a good moment to accumulate XMR for mid-term hold.
XMRUSD Bullish Short-Term & Long-Term Monero is showing strenght during the last weeks, compared to the general crypto market.
So Macro looks strong for XMR even during these times of Crisis.
As for the short-term price, we could easily reach 300$ , before consolidating sideways for a period.
The price-target for the next 4-6 months should be around 500$ , since we clearly broke out of the Falling wedge and thus indicating 500$ as probable Target to complete the larger breakout of this Pattern.
I have tentatively and roughly drawn a line with several swings, at different Key FIB levels (just for the sake of the larger picture)
So that's it, just press the Buy button, take your coins of exchange and Relax this Spring & Summer!
XMR - Monero / BTC 27th October 2022
a red 2 candle has been painted on the weekly. Let's see where it closes at the end of the week.
But this could be the beginning of the pull back.If this does get perfected, there could be another 7 weeks of downside.
So, I am anticipating a bottom developing around the 12th December 2022, which is where the Ichimoku Cloud has flipped from red to green. And right at that point is the 0.005590 Satoshi's which is the area in which I will be placing my bids.
Happy Sailing Privacy Pirates.
F.Society, F.Banksters, F.Politicians
Best regards,
Snake Plissken
PIVX USD Inverse Head and Shoulders Neckline Broken, Target $.85PIVX is on the move and being accumulated it looks like to me. PIVX had a multi year correction consolidation which is understandable considering it went up 667,000%. That's right Six Hundred and Sixty Seven Thousand Percent. So anyways PIVX found some solid support around the $.10 cent mark and is now starting its next bull run. There is an inverse head and shoulders on the weekly that looks like the neckline has been broken and the measured move is around $.85 cents. My long term target for PIVX still stands on the macro, to around $100 bucks. PIVX hasn't stopped working and improving their project this whole time in this bear market they have been in. PIVX has some serious privacy features with a blockchain thats never been hacked or attacked because its practically impossible. Either way the fundamentals are there and the chart is showing a bottom. PIVX needs exchanges, thats what the team need to really work on next. Maybe create their own? What because its a privacy coin it wont be accepted on exchanges? Bullshit look at Monero it has over a hundred exchanges including the largest ones. PIVX is a diamond in the rough. Privacy will become a massive issue in cryptos when it is used mainstream, everyday by everyone, and these cryptocurrencies that have been around for almost 10 years that have withstood the test of time will be the ones adopted and used. These are just my speculations and ideas. This is not trading advice. Thank you for checking out my charts, leave me a comment below and let me know what you think. If you like my ideas then please dont forget to give me a boost and like my chart.
THIS IS A LINK TO THE PREVIOUS MACRO CHART I MADE ON PIVX A WHILE BACK
XMR WAVE PATTERNHello, dear traders. how are you ? Today we have a setup to SELL/SHORT the XMR symbol.
For risk management, please don't forget stop loss and capital management
After seeing the first target, save some profit and change the stop to entry
Comment if you have any questions
Thank You
XMR - Monero / BTC Pull back may be on the cards?7th August 2022
XMR is still going great guns, having stayed above 0.0066 for some time now. She hit a high of 0.0073 and is currently trading at 0.007115
The Ichimoku Cloud is still green head and climbing. The TD count hit a perfected 9 and this new candle was initially red but has turned green.
The TK cross turned positive on the 9th July and is still looking good so it looks like there is still some upside ahead for the time being.
Money flow is still positive and green, and the volume and price oscillator is still showing an overbought status. The pull back zones are at the MA of 0.006144 0.005402 and 0.005164 Lets see what happens.
Saturday 22nd October 2022
Well it appears XMR/BTC may be coming to the end of its run.
There is still big green could ahead, but price has flattened out, but an impressive run, with 9 weeks above the 0.007 satoshi range, despite all the weakness in BTC and other crypto alts.
The Neobutane VZO PZO oscillator has been signalling over bought since July but consecutively in August.
XMR/BTC has been on a tear since the Ichimoku yellow arrow up signal in April, so I feel a pull back could be on the cards.
Why you ask? The CMF has topped out and has flipped red, and heading south sharply.
Where could it go? We have another golden cross of the green 33 day and yellow 147 day MA.
So we may not get a big pull back, but that intersection could be a spot of interest around the 0.006360 and the kinjun line of 0.006227.
Another area of interest is Fibonacci OTE between 0.005962 and 0.005404. The red 88 day MA is smack bang in the middle of it at 0.005704.
Or will there be a black swan?
Happy sailing Privacy Pirates!
Best regards,
Snake Plissken
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (144.8).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XMRUSDT is in a range bound, and the beginning of an 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= @ 148.8
TP2= @ 153.3
TP3= @ 157.1
TP4= @ 161.3
TP5= @ 164.0
SL= Break below S2
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💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (144.8).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XMRUSDT is in a range bound, and the beginning of an 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= @ 148.8
TP2= @ 153.3
TP3= @ 157.1
TP4= @ 161.3
TP5= @ 164.0
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 ❤️