The bear market bottom was set June 2022 for Monero, XMRUSDT. After this low was hit, we are seeing a long-term recovery phase. We have a strong resistance level around 180. Each time this level is hit it becomes weaker. Monero is on the move again based on this 3D chart. The last two candles closed bullish and the current one is pushing prices above EMA10. ...
In recent weeks, XMR has demonstrated a persistent trend confined within a defined range. Significantly, it has breached its upward trend line, indicating a shift towards a corrective cycle on the daily time frame. Presently, XMR is trading within the $153 range. Notably, transaction volume has experienced a notable decline, falling below the 30-day...
Seems Like Getting ready for Massive Breakout formed Descending Channel In 3 days Timeframe Incase Of Breakout Expecting 180 to 200% bullish Wave
Bearish XABCD pattern. Once this support is broken, we can take an entry @ 157 and have the retracements for our planned take profits as follows: 🚪Entry: 157 💰Trade: Cross 10-15x (2% of capital) ⛔SL: 10-20% 🎯1: 152.91 🎯2: 148.89 🎯3: 144.88 🎯4: 139.16
After an expected pullback, we are re-entering the XMRUSDT long as it offers a much better risk/reward opportunity.
Xmr trade. Btc will probably go down/sideways and money will flow to xmr
XMRBTC - If you are waiting for the backtest of that massive breakout, you may not get the chance for it. Last cycle it ran 1500% against BTC before officially backtesting the break. Cheers,
XMR has rejected the uptrend trendline, after which the price has produced a new higher hight. This by itself is a bullish sign, but we must not forget about the potential Head and Shoulders reversal pattern, which is also taking place.
Past Performance of Monero Monero bulls are struggling at spot rates. Even with the broader market expanding, XMR remains pinned in a bear formation. Presently, resistance is at HKEX:165 , and the coin remains in a bearish shape defined by the bears of early February to mid-March 2023. As it is, support lies at the middle BB, that is, the 20-day moving average,...
Monero has been trading in a downtrend for a while, and almost strictly within the red shaded (fib .236 - .382) area for 11 months straight. It has a date with destiny soon though, and will either breakout within the shaded triangle area or collapse down to the $145 range. If Monero clears the .382 fib line at $172.60, I really need to see a firm retest. To...
XMRUSD Entry Price 161.52; Stop Loss Price 155.42; Take Profit Price 166.07
So far it looks like a trend is holding up. There was breakout. Will it hold is another question... The sharp drop was caused by sharp BTC rice. If everything holds the top would be roughly correlating with the XMRUSD analysis. The peak would be somewhere around 2025-2026.
There is very slowly forming giant ascending triangle which could potentially peak during2025-2026. Example of an ascending triangle. Notice the flat iupper line and the rising lower line. This is a generally bullish line. (Figure 6.1b "Technical Analysis of the Financial Markets" Page 131) The measurement. The breakout (C) should see a sharp increase in volume,...
we can reject off the weekly ema - making a higher low before heading for the cloud ? Make XMR relevant again Prevailingnine 4.4.23
Monero is currently in an accumulation zone. Good zone to buy long term. With monetary privacy concerns over the next years, Monero seems to be a good alternative to hedge agains CBDCs Not Financial Advise.
Good day everyone, The daily time frame suggest that XMR can see a massive move to the down side. Calling out for all of eternity XMR incoming measured moves of $118 then $66, I could give you all 5 layers of confluence I see but what fun would that be, hint one of them...starts with a H ends with a S...Happy Trading folks!
Hey Everyone, just wanted to let you know what to expect on XMR in the shorter and longer time frame. Cat Ears pattern suggest a move back down to $ 147,bigger move suggested of $115...good point to load the bags....
Past Performance of Monero Monero prices are firm, adding roughly 20% from March 2023 lows. At spot rates, prices are lower but tracking higher even though it is defined by the bear bar of March 27. On the upside, XMR has resistance at $165 while support lies at $150, marking the bearish engulfing bar's low. #Monero Technical Analysis From an effort versus...