XMRUSD Possible Runner UpMonero has already broke out of a consolidation funnel and will probably be one of the first coins to continue trending upwards in the forth coming altcoin rally.
XMRPERP trade ideas
XMRUSD Trend Continuation PatternIf you like the content and are getting value out of it, please make sure to hit that like button and leave a comment. Also, if you're interested in seeing more of my analysis don't forget to follow me, and make sure to check out my YouTube Channel (link can be found on my profile page) for more in-depth analysis.
Welcome back for some more chart analysis practice. I found another trend continuation pattern opportunity here on XMRUSD. Here as you can see, the market broke below the previous lows of 211.60 and is now retracing back into a 0.618 Fib retracement level, which gave me my entry @ 220.19. Since my entry got hit, I put my stop loss above the most recent high @ 232.04, and my target @ 205.86.
Ultimately guys, while trading can be very simplistic at times, it is genuinely a hard skill to master, and if you are serious about becoming a consistently profitable trader, then you need to master chart analysis. So, take it seriously, get out there and practice it every day.
Disclaimer: This is not a recommendation, advice or an endorsement to buy, sell, or take any positions of any kind, in any market. This is for educational purposes only. I am not taking this trade in real life, and I have not back-tested this particular strategy on this currency pair, so I really don't know how this type of trading strategy will work on this currency pair. That being said, never trade anything you haven't back-tested on your own. Don't trade a strategy just because someone tells you it's a good strategy, always back-test the strategy in question over historical data before trading it with real money. Trading a strategy that has not been back-tested is the equivalence of gambling your money away, or trying to shoot a target when its pitch-black outside. You work hard for your money, so don't throw it away.
Monero back in the data sets already! LOLI just covered my long for -1% on my last XMR call and now we are back to having more positive data for big $ interest. Alas.. the life of a trader! lol... But, like so many other charts out there... (see my links for ETH and DOGE on this post for reference) there is no momo right here. Charts on all timreframes look to be in a slowdown and consolidate mode. This 1440 tick shows it well. Now, if you are long term bull thesis these are GREAT areas to accumulate. Finding the range and bidding in the lower areas can be a super good risk conscious way of building a position (lots of big funds do exactly that.) But, for us, we trade... and this isn't the pitch we are looking to swing at yet.... yet. :)
Technical Indicators Hints A Bullish Move For XMR Price ForecastXMR price forecast a gain of 18.5% in upcoming months.Monero has seen a gain of 66.16% from the start of this year.XMR swaps longs are increasing in the exchanges.The ratio between the longs and shorts in the overall exchanges is 1.34.It tells that the people are bullish on the Monero.According to the Bybt.com the most swaps orders are placed in binance exchange which is 60% of the total.It tells that the investor are bullish on the Monero.The only exchange which has negative funding rate is Okex on XMR swaps.
Kindly comment your thoughts here
XMR coming up with some big $ buying interest in the dataNot really a fan of the Monero project (too centralized) but the buying interest in this name can't be denied today. A good risk conscious bid might be in the 222.04 area for a target into all time highs; unless volume lifts from here... which it looks like it might, then the buying area would be higher. If it does this post will be updated.
Is XMR Going To Give A Pullback From $215Monero price traded at $216 with a loss of 7.80% in the last 24-hour and 3.20% down in the weekly time-frame. Furthermore, Monero price plunges below the resistance of $240. In contrast, the market capitalization stands at $3.86 billion. Technically, investors can perceive a negative crossover in SMA in future trading sessions, Moreover, the price movement can be towards the next support of $201.
Resistance: $240
Support: $215, $201
Monero long term buy area or short now On weekly chart you can see big reverse candle of wave B so according Fibonacci one to one extension i set target around 120$. Another levels are for catching orders on support areas. Also target 120$ is Fibonacci retracement 0.61 area so it is very strong golden ratio.
XMR / USD LongSuitable position to buy XMR. It approaches the triangle boundary on a 1D graph. It looks like a nice Long
MONERO, XMRUSDT is waiting for triggerHello my friends. Monero is ready and just waiting for trigger so keep it in your watchlist. You can buy it after the base band and fib 0.61 is broken. Everything is clear on the chart for you. Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Monero (XMR) to $380 before June? Never say never! Monero is a really interesting coin to me. I've been watching it for a while. It seems to be one of the few coins that is very-much anti-hype, and relies heavily on actual usage, community funding, and other measures of "organic growth". For a coin that has been battle-tested and around since 2014, you'd think it deserves a much higher price-tag! But where others see lackluster performance, I see one of the comfiest longs of all time. The risk/reward is insanely attractive. You can own >1/1millionth of the supply (until ~2040), today, for $4000-5000. This proportional network share is greater than or equal to (depending on when you compare, due to Monero's tail-emission) owning 21 bitcoins on the bitcoin network (currently worth more than $1,200,000).
Locally I see a potential bull-flag. But on a longer time-frame, there is undeniable fundamental backing that makes it impossible for me to ignore Monero (XMR).
Let's review some facts :
1) Monero is cheaper to use than Bitcoin. I have been looking at the stats from Monero.how to get accurate data on median transaction fee for the last 100 tx's on both monero and bitcoin. Consistently, monero is LOADS cheaper to broadcast. Currently, XMR median-fee is $0.0121 compared to BTC's median-fee of $28.6950 during the same time-frame.
2) Monero is faster than Bitcoin. XMR Average Block-time: 2 minutes! compare this to bitcoin's average block-time which has been only as low as 7.5 minutes in the past 3 years, and as high as 15.6 minutes, with the average 5-times as long as monero's around ~10-minutes.
3) Monero has faster proportional transaction-growth than bitcoin. Again, you can source this data from many sources but I choose to look at the stats on monero.how on a daily/weekly basis, personally. Take a look at the section in the middle titled Monthly transaction count . Monero has been doubling year after year while bitcoin's transaction count stagnates. Likely due to the bitcoin-maximalist narrative shifting from "A Peer-to-Peer Electronic Cash System" to a so-called "store of value" or "digital gold", instead; this narrative shift is likely fueled by the slow block-time and increasing fees pricing out most practical use.
4) Monero has built-in consumer protections. Monero is the only truly digital-cash crypto out there. It provides consumer protection so powerful that the IRS wants to crack it and the darknet is dropping Bitcoin entirely . Now, some people view monero's use in illicit activity as a bad thing. I would like to remind you that Bitcoin comes from the exact same background, with it being the only payment option on darknet-markets for years, and anybody who isn't buying Monero due to regulatory/illicit-use concerns will also have missed buying Bitcoin when it was worth <$1000 as during its early years the same exact regulatory concern existed. Furthermore, the corporate adoption of Bitcoin has not even been stopped by ugly, immutable facts (that people seldom like to discuss for obvious reasons) like this
Sit back, and enjoy the ride, my friends. DeFi and NFT are the hype right now, but Monero is inevitable. The price has doubled even after the bittrex-nothing-burger delisting scare (seriously? we lost <0.1% of daily volume) because Grayscale has announced their potential monero trust
All of this is going to look so obvious in hindsight. It just moves slowly. I think buying 1.87-18.7 Monero, at least, if you can afford it, will most likely lead to a fantastic return on a local timeframe for USD and almost certainly on a longer time-frame (yearly) as companies like Chainalysis continue to further control transparent blockchains and investors seek consumer protections like the privacy that monero offers.
That being said: this is not financial advice; I am not a financial advisor. All investments are inherently risky and there is a possibility of losing all of your principal investment. I think that covers the legal bases ;)
Monero XMRUSD: When to Buy
Hey traders,
I already have a long position on Monero.
The first long was opened at the end of February.
Now I am looking for opportunities to add more to my position.
XMR is currently trading within a horizontal trading range.
I am waiting for its bullish breakout (8H candle close above) to buy.
Taking into consideration that the market is trading in a strong bullish trend,
chances will be high to see a continuation all the way up to the current structure high.
Remember, that in case of a bearish breakout of the range, setup will be invalid.
Pullback from $215 in XMR's PriceMonero price traded at $231 with a gain of 3.25% in the last 24-hour and 6.17% up in the weekly time-frame. Furthermore, Monero bounced back from the support of $215. In contrast, the market capitalization stands at $4 billion. Technically, investors can perceive a positive crossover in SMA, but soon it will form a negative crossover in future trading sessions. Moreover, the price movement can be towards the resistance of $240.
Resistance: $240
Support: $215
Monero / USD Long PositionIdeal time to buy, enter Long position
1 TP 245 USD
2TP 261 USD
Long Long Long 🚀✈️
XMR Price Ready For The Level Of $300 The daily chart of XMR hints at the start of a bullish move. On coming to the shorter time frame of 4 hours, the coin has formed a accumulation zone. If the price breaks above 5% of the current position, it can see a rally upto $260 in upcoming trading sessions. TRX price can also see a new low if it comes below the zone.The coin price has seen a drop of 30% after hitting the 52week high on FEB 20,2021
The volume indicator is at 2.28K with the hint of lower buying pressure. If the price climbs above $250, then a strong buying volume can be seen.
Kindly comment your thoughts below
XMRUSD 1hr & 1d Charts Looking Healthy; VERY BULLISHFundamentals very strong, despite some exchange delistings
Maintained, and broke out of bullish channel which started June 2020 - trading nicely above long term SMA on Daily, and its being used as resistance on the hourly. Triangle Breakout pattern formed? Im new to this please advise me and critique this :)
