Buy XMRUSD for Massive RR tradeMonero looks to be breaking out of a descending channel. This is a massive RR trade, so position size accordingly. Take partial profits at horizontal lines drawn and keep pushing up the SL after partial profits.
Monerousd
Monero Market Structure -BEARISHMonero weekly market structure analysis has downtrend still intact. What looked like a trend reversal proved invalid as Sept 2018 highs failed to be overtaken and the bears maintained control.
XMRUSD has formed shark pattern | A good long opportunityPriceline of Monero / US Dollar cryptocurrency has formed a bullish shark and entered in potential reversal zone.
I have defined targets using Fibonacci sequence as below:
Buy between: 81.23500000 to 79.22000000
Sell between: 83.88172959 to 88.81193575
Regards,
Atif Akbar (moon333)
XMRUSD - short-term reverse zoneAs we can see after reaching second target of AB=CD at 61,8% Fibonacci retracement of AD around 100$, we are facing short-term downtrend. So it is time to identify possible local minimum or reverse zone. Take a look at last downtrend movement. If we create Fibonacci extension of this movement we can see possible support at point 2. This point is also crossed by support line of bullish flag. Also our first possible local minimum point can be value of 63$. Long-term horizontal support line is around 60$. There is a small chance to reach lower minimum in short-term point of view. RSI created minimum in oversold zone around 15 points - the same movement as the last time.
XMRUSD has formed bullish shark | Upto 24% profit potentialPriceline of Monero / US Dollar has formed bullish shark and entered in potential reversal zone.
RSI is oversold.
Stochastic has given bull cross.
I have used Fibonacci sequence to set the targets as below:
Buy between: 79.020 to 74.088
Sell between: 83.276 to 92.993
Regards,
Atif Akbar (moon333)
Don't miss the great buy opportunity in MONEROTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (86.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XMRUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 97.00
TP2= @ 106.25
TP3= @ 120.87
SL= Break below S2
Don't miss the great buy opportunity in MONEROTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (86.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XMRUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 97.00
TP2= @ 106.25
TP3= @ 120.87
SL= Break below S2
XMR - ADAM & EVE PATTERN READY TO EXPLODE - CryptoManiac101XMR / USD TA
ADAM & EVE pattern is looking ready to explode in coming weeks. Take at leas 5% Risk to 29% + reward
XMR/USD Possible Teacp - Monero Dinero!This trade idea is for demonstration and educational purposes only. Trade at your own risk.
We see a possible teacup formation. Key things to note:
1. Price is being contained within an ascending channel.
2. Price is very well respecting the 50% fib level and using this level as dynamic support.
3. Possible makings of teacup in terms of handle formation.
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Potential Monero correctionIs this a flag or descending triangle?
To me it looks more like correction time. Monero had several moves up, now the high probability scenario is favouring a correction.
Please refer to the chart for potential targets.
Critical moment, Cup and handle or not ???See my related idea below.
I think Monero has the best fundamentals over any other crypto.
Monero is one of the best crypto project. Low fee, untraceable, fungible, deflationary etc.. Monero is the real synonym of decentralization. Monero is what bitcoin was supposed to be in first hand, and it works.
Do not miss your chance to grab some xmr at such price. ( SERIOUSLY) You will regret it someday.
technical analysis looks clean with a possible cup and handle pattern. Volume is slowly growing. Here is my tip : watch for the volume. It will be your sign. If we break out 120$ish, do not hesitate and BUY.
You shouldn't even wait for a breakout. This is electronic untraceable cash. It has a value that you can't even imagine. We are finally our own bank.
Just my two cents about XMRUSDWe are lagging behind BTC. Could this be because we need a handle to complete a cup and handle pattern?
The handle could go as low as 100 USD and it would still be healthy.
One thing for sure is that we need MORE volume to break out of this pattern.
Monero printed a strong long signalThis is to hold long term, not for swing trading.
Daily is showing some clear support on the daily 50 Smma, after having spent the bear market below it (except for false breakouts that lasted only some days/week).
The pattern is clearly showing more buyers than sellers, raising over this blue Smma and using it as a support.
The Smma 200 in pink is more resistive, but buyers are pressurizing it more and more.
No golden cross yet, but with patience it should be created soon.
Regarding the weekly, Monero finally created a false breakout of 2 weekly candles on the major Smma, after having pressurized this moving average during 5 consecutive weeks.
Super encouraging, the bottom of December looks very clear, to me.
Bear in mind major alts might take some time before finally taking off, and important volatility is to be considered.
Do not expect to be rich in a week, or get out of this market.
Patience, education about particular coins like Xmr is what is needed to survive and eventually make money.
XMR getting close to do-or-dieXMR nears its finally support zone before it falls into the abyss
We did panic dump and nearly hit out support level but scaling in here with a tight stop could be a good play
A second Chance to Buy in XMRUSDMidterm forecast:
98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 74.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (98.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested support line (98.50).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 14 BUY trade(s) @ 49.70 based on '2-Day Hammer' entry method at 2019.03.12.
Total Profit: 74244 pip
Closed trade(s): 20380 pip Profit
Open trade(s): 53864 pip Profit
Closed Profit:
TP1 @ 56.70 touched at 2019.03.31 with 700 pip Profit.
TP2 @ 65.50 touched at 2019.04.02 with 1580 pip Profit.
TP3 @ 76.30 touched at 2019.04.02 with 2660 pip Profit.
TP4 @ 88.65 touched at 2019.05.15 with 3895 pip Profit.
TP5 @ 100.00 touched at 2019.06.19 with 5030 pip Profit.
TP6 @ 114.85 touched at 2019.06.22 with 6515 pip Profit.
700 + 1580 + 2660 + 3895 +5030 + 6515 = 20380
Open Profit:
Profit for one trade is 117.03 (current price) - 49.70 (open price) = 6733 pip
8 trade(s) still open, therefore total profit for open trade(s) is 6733 x 8 = 53864 pip
All SLs moved to Break-even point.
Take Profits:
TP7= @ 137.95
TP8= @ 149.10
TP9= @ 168.70
TP10= @ 230.10
TP11= @ 298.90
TP12= @ 372.35
TP13= @ 447.10
TP14= Free
A second Chance to Buy in XMRUSDMidterm forecast:
98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 74.
New trading suggestion:
*There is still a possibility of temporary retracement to suggested support line (98.50). if so, traders can set orders based on Price Action and expect to reach short-term targets.
*If you missed our first HUNT, you have a second chance to buy above the suggested support line (98.50).
Entry signal:
Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley", in other words,
NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone.
To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons:
Trade Setup:
We opened 14 BUY trade(s) @ 49.70 based on '2-Day Hammer' entry method at 2019.03.12.
Total Profit: 74244 pip
Closed trade(s): 20380 pip Profit
Open trade(s): 53864 pip Profit
Closed Profit:
TP1 @ 56.70 touched at 2019.03.31 with 700 pip Profit.
TP2 @ 65.50 touched at 2019.04.02 with 1580 pip Profit.
TP3 @ 76.30 touched at 2019.04.02 with 2660 pip Profit.
TP4 @ 88.65 touched at 2019.05.15 with 3895 pip Profit.
TP5 @ 100.00 touched at 2019.06.19 with 5030 pip Profit.
TP6 @ 114.85 touched at 2019.06.22 with 6515 pip Profit.
700 + 1580 + 2660 + 3895 +5030 + 6515 = 20380
Open Profit:
Profit for one trade is 117.03 (current price) - 49.70 (open price) = 6733 pip
8 trade(s) still open, therefore total profit for open trade(s) is 6733 x 8 = 53864 pip
All SLs moved to Break-even point.
Take Profits:
TP7= @ 137.95
TP8= @ 149.10
TP9= @ 168.70
TP10= @ 230.10
TP11= @ 298.90
TP12= @ 372.35
TP13= @ 447.10
TP14= Free
XMR needs to push hereXMR continues to remain stuck under this very strong supply zone
A break and hold above is needed before entering a long position
Upside target outlined in the chart below
MONERO - FULL & COMPLETE ELLIOTT WAVE ANALYSISMonero (XMR) now entering its THIRD Wave.
Target seems to be just short of $800.
MoneroXMRUSD formed triangle and soon we will break up resistance line of triangle.
MA 50 and MA100 aready cross - signal for buy
Also you can see how MA100 and MA200 soon cross
XMR Bear Cycle CompletedWelcome back!
Today I wanted to go over one of the large caps because they are the ones that lead the market.
XMR is a great long term cycle because it has proven itself with Bitcoins bear cycles previously.
I like this set up for a couple reasons...
First off, we have a very strong trend that went uber parabolic in the last cycle. This created a 1,3,5 Elliott Wave sequence,
and with the breakout of major descending resistance we have now made the first indications that this bear cycle is over.
From where were at now, I would expect us to continue higher to my target at $150.
I also noticed a pattern thats playing out compared to the last bear cycle that is almost exactly the same.
These cycles often repeat the same cycles in different forms but the resemblance is near exact.
Will history repeat itself? Only time will tell but, I am bullish.
XMR Day TradeWelcome Back!
Today I am watching XMR for a potential breakout of a bull pennant. This pattern comes after a breakout of major descending resistance which signals the end of the bear market.
Currently prices are tagging resistance of the pennant which is why I am waiting for confirmation one way or the other.
For a bull break to occur the best entry will be the retest of resistance now acting as support.
Another option I am watching is for price to reject off this resistance and fall back to trending support one last time before a break.
Either way I am bullish with how this is accumulating and will be watching for my target to be met.
Target-$82
