XMRUSDT trade ideas
Bullish pennantStop loss is a must, BTC is not looking too strong right now be careful of a dump. Personally I will wait and see if BTC can hold its wedge in the coming hours. Let me know what you think, posting for learning purposes DYOR.
XMR longsxmr found support and broke counter trendline, expecting bullish momentum to come back to the 500s
Monero UP UPMonero Making a large move in this coming week.
Im long on XMR.
If we don't break out of this flag we can see resistance/buy zone around $420-$430
XMRUSDT Another bullflag? 🦐the price is creating another bull flag after a very nice bullish rally. IF the price will have another breakout According to Plancton's strategy (check our Academy), we can set a nice order
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
💡Don't miss the great buy opportunity in XMRUSD @monero
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (458).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XMRUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
Take Profits:
TP1= @ 492
TP2= @ 518
TP3= @ 555
TP4= @ 608
TP5= @ 662
SL= Break below S2
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💡Don't miss the great buy opportunity in XMRUSD @monero
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (458).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XMRUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
Take Profits:
TP1= @ 492
TP2= @ 518
TP3= @ 555
TP4= @ 608
TP5= @ 662
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 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 ❤️
XMRUSDT Clean Break with VolumesXMR has given a clean break with good volumes, Over all crypto markets are consolidating , this breaking out will gather more steam once we the majors pullback.
Looking for a test of 500 and higher areas.
MONERO WAVE COUNT!! You wont believe prices to come!A comprehensive view of the price action since the low of $24 in MARCH 2020 reflects a MACRO 4th wave completion and the beginning of an extended MACRO 5th wave towards much higher prices in the range of $2000-3000; I have linked my long term analysis Idea of Monero below which you can check out for a more layered appreciation of where price can head which further compliments ideas discussed in this article and the bullish sentiment of this asset overall. Monero exhibits a clean wave cycle since the bottom of the MACRO WAVE 4 completion, with a clear Minor wave 1, into an accumulative type consolidation structure followed by a clean 5 wave structure up indicative of Minor Wave 3 completion; however, what we see from the Minor Wave 4 bottom is that the 5th is expanding, or in other words getting very large or in terms of Elliot Wave it is getting extended, where further subdivisions or fractals within waves can be playing out which is indicated on chart. This further compliments the idea that as you build a large move, the start (bottom since $24) take a lot more time but as you get towards the end tailgate of the MACRO move price begins to move more and more parabolically and price gains are quicker in duration. Furthermore, to add to the bullish sentiment is that we have broken the weekly uptrend channel which usually leads to strong impulses to the upside, Price has held the channel as support and looks to impulse higher; additionally, we have strong candle structure at these levels with strong wicks to downside suggesting there is strong buying demand and that the asset is undervalued and subjective to price growth. In this Minor 5th wave as indicated on chart price the fractals are getting more and more extended, which compliments my long term analysis of Monero (ARTICLE BELOW) that Monero may rise to $1300 region before correction/consolidation before more growth in a terminal move.
Please like and follow for more Advanced Elliot Wave Analysis!!
Check Below
XMRIf XMR can hold next 4 hour candle above trend line. I believe 500$ could be on the cards in the coming days providing bitcoin stays trading within a range. Please let me know what you think.
XMR- UPDATEXMR is testing this daily resistance after making a series of higher lows and forming this big ascending triangle formation, will be very bullish if we manage to flip this zone support - keep your eyes on this one for the breakout
