Just an idea, my personal opinion
Are we approaching a new steeper Uptrend Channel on XMR? ;)
If so, follow the arrows!
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XMRUSDT downward trend is broken
It's better to wait for a confirmation candle but it's already seems OK
You can see all the resistances on chart ( R1-R2-R3 )
Final target is ATH which is a important technical level
XMRBTC Situation: is getting recover from support level
Monero has recently broke above a key resistance level & closed above the level on the Daily Timeframe .
A small pullback & retest of the key resistance around the 275 price mark has happened & is currently in accumulation.
RSI on the Daily Timeframe is 57.28, indicating an uptrend whilst still having lots of room before entering overbought territory.
The touch points in blue to help determine the arc.
If it stays in the arc and goes break through the yellow and blue horizontal line it can potentially going to $400 or more above by the end the year.
Provided there's no crash or big correction in the stock market.
XMR to $800+ in the cards
contiuation of decrease in volume as channel trend lines converge confirms pattern.
Usage metrics bullish as ever. XMR is long overdue for a real pump imo.
Let's buy Some #XMR ( Monero ) , Shall We ?? Great Move Starts From Yesterday and what a break :)) isn't it ?? ...
In order to buy, the SL (stop loss) and capital management must be observed.
All resistances and TPs (take profits) are marked on the chart.
XMRUSD - Intraday - We look to Sell a break of 253.8 (stop at 260.1)
Bearish divergence is expected to cap gains.
Pivot support is at 254.3.
A break of bespoke support at 254, and the move lower is already underway.
A lower correction is expected.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible....
XMRUSDT Technical analysis Update
XMR/USDT currently trading at $249
Waiting for the resistance Breakout
Buy level : Above $251.00
Stop loss: $237.00
Max Leverage 2x
Always keep Stop loss
Note: please do your own research before investing. Never invest money that you can't afford to lose.
XRMUSD - Intraday - We look to Buy a break of 237.1 (stop at 230.9)
Daily signals are bullish.
Short term bias is bullish.
A break of bespoke resistance at 237.0, and the move higher is already underway.
We can see no technical reason for a change of trend.
Our profit targets will be 254.2 and 258.2
Resistance: 237.0 / 245.0 / 250.0
Support: 229.0 / 225.0 / 220.0
Here is a my simple trend analysis on Monero, the leader in private fungible transaction. I try to demonstrate how XMR could reach 160$ soon based on trend analysis.
What is your short term expectation and chart pattern? Let me know in the comments below.
A new trendline can be drawn due to the recent bull rise in price, this includes the start of the initial bullrun, the middle of the bear market, and to right now. A common theme between ETH and Monero
A triangle can be drawn from the start of the initial bullrun to the trendline, and also another triangle can be drawn from the start of this bullrun to the...
XRMUSD - Intraday - We look to Buy at 191.4 (stop at 186.9)
Dips continue to attract buyers.
A bullish reverse Head and Shoulders is forming.
Pivot support is at 191.3.
We look to buy dips.
Our profit targets will be 203.9 and 206.9
Resistance: 200.0 / 205.0 / 210.0
Support: 195.0 / 190.0 / 185.0
Monero is probably one of the few old cryptocurrencies that has retained its value in monetary terms, as well have the main old-school function of the crypt - anonymity!
Crypto anarchists who value the anonymity of the crypt, buy XMR and hold for years , and such actions allow the price of XMRUSDT to adequately keep on the global chart.
Today we will look at...