XMRUSD trade ideas
XMR = BTC 3.0 (XMR Support/Resistance Zones & Price Targets)Hello Crypto Privacy Advocates!
I love XMR, it is my favorite crypto and in time, I suspect it will surpass BTC in value!
In order for it's market cap and value to surpass BTC's the masses will first need to recognize the necessity for privacy and I foresee that becoming more and more obvious to those with eyes and ears in coming months.
In the coming months, fiat currency may be dissolved, the markets may crash, and the globalists will try to implement their own slave crypto via. the CBDC as a 'solution' to the problem which they created!
Just release ownership of all your possessions (current & future) and we'll give you a UBI and you good to go, bro (I mean slave)!
I mean, come on, really... "You will own nothing, you will have no privacy, and you will be happy.".
What a load of BS, eh!
The Great Reset is upon us, says Emperor Klaus Schwab, the IMF, and the rest of the globalist cronies!
When the masses realize that BTC is digital currency 1.0 and XMR is digital currency 3.0, I suspect XMR and other leading privacy coins will sky rocket!
On the more technical side, if BTC continues its ascent to the moon, then I suspect XMR will quickly head to the next strong weekly resistance zone around $215, then beyond! Price action above $170 will become increasingly volatile, so get ready for a ride!
We can see that XMR is in a weekly uptrend with increasing volume.
Price action is agreeing with volume and this is bullish! I can also see hidden bullish divergence on the 3D chart.
3D stochastics are also coming into an area of strong support. Prior bounces off this area have proven bullish!
#HODL
XMR Support/Resistance Zones
515
400
369
269
215
170
140
115
90
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Guide to My Charts
-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
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Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
$XMR breaking down from rising wedgeAfter the strong rally of XMR, a correction wouldn't be shocking.
Something to keep an eye out for
EJ - Just for fun
The Last Solid Oldtimer: XMR 2021As the de facto privacy coin of the cryptocurrency ecosystem Monero stands at odds with current regulatory trends.
Yet I see great potential as it will follow BTC & ETH to first break out of it's 40-150$ range towards 300$ and reclaim it's ATH within this year.
monero shortmonero couldn't break the channel before several times of try and now we have exhaustion candle in daily time frame. it's look like too a good short position.
XMR Tax HavenOne of the first to move in this run
Whales starting to cash in on gains(volume and erratic spikes) and depositing into their accounts in Panama, XMR would effectively make it untraceable
New ATH would push it all the way up as no indicators or levels would serve as valid resistance
Not a fan for holding long term as i suspect privacy coins would face some pressure from fin regulators once cryptomania reaches its peak--even though they cant do much
Falling wedgeFalling wedge forming on the 4h chart. As always, wait for confirmation beforee getting in.
If it holds, Monero seems to have found support on the long term treadline. As long as it's not broken we're likely to move higher from here
Monero Vs USD: Buy & Hold: CryptoHappy New Year
By Sun Storm Investment Research
A Profit & Solutions Strategy
Disclaimer: I am not a financial advisor, so please do your own research before trading anything
XMRUSD to dropBroke down the RSI trendline dropped below the gann line. Second target is a possibility if $100 support is broken.
XMR has been the leading indicator of the market. Maybe the market will follow down as well.
MONERO BUY THE DIP!!Buyers coming in at these key support levels, retest of macro trend line; much upside ahead. Next MACRO target 289$.
Next key level to be aware of is 166$, a break through this key level and can send price to around 300 $. Price could not close above 166$ before we sold off to current levels where we are now finding strong support.
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Monero versus dollar the private coin is going up 🆙🆙🆙By monero take profit 1 at $170 stop loss at 120
