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Monerousd

XMRUSD: First Target hit. Approaching the last one.TP = 75.792 hit as the price broke the previous 1W support aggressively (STOCHRSI = 0.000, Williams = -96.586, CCI = -263.5802). 1W indicates the MA200 = 62.982 as the buy spot but technically we put the demand zone within 54.850 - 64.104, just a plain range around the the 1M MA50 = 57.483. Our next and final TP for Monero's bear cycle is still 64.104, which will complete our shorting strategy of the past 10 months. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
BITFINEX:XMRUSDShort
by InvestingScope
5
XMR looking primed for higher prices! XMR seems to be coiling here as it sits on the demand zone accumulating for a push higher. Volume has scaled back recently so we could very well see some volatility return to the coin once volume returns. We are, however, below both EMAs and have found resistance on the last touch at the fast-moving EMA. This OB has been a very strong level if we look to the left of this box so XMR should find support here before moving up. If Bitcoin could break above resistance here, it would most likely drag everything else up with it, which would push us up into supply. In addition, XMR just released its bulletproof upgrade, which has seen fees for withdrawals drop substantially near 0. Scaling buys in this zone right now is beneficial with stops below the last low at the bottom of the OB. Thanks guys!
BITFINEX:XMRUSDLong
by CM_Trades
XMRUSD: Channel Down intact. Expecting Lower Lows. Short.Monero delivered the expected aggressive bearish candle last week, and setting aside Monday's non-technical noise on the crypto market, the 1D Channel Down (STOCH = 32.187, MACD = -1.950) is now set and currently on a Lower High (RSI = 47.977, Highs/Lows = 0.000). 1W (MACD = -25.178, B/BP = -14.1959) is expected to push this lower towards our targets (TP = 75.792, 64.104). Crossing of the 96.192 support should result into more violent bearish candles for XMRUSD.
BITFINEX:XMRUSDShort
by InvestingScope
MONERO (XMR/USD) - It Looks Bad!Monero has a break below the major counter trendline which is not a good sign! On the 4h chart, it trades below the 200EMA and makes pretty 'heavy' steps downwards compared to others. Technically, if the Bitcoin makes another leg downwards then XMR would drop like a stone because there are some support levels but nothing significant until the red box at $104. Basically, we have a breakout downwards from the triangle, break below the EMA's plus Bitcoin makes moves downwards so, better stay out from Monero because if it drops, it drops pretty heavily! We don't give to You any bullish targets because technically the Monero is in pretty bad shape. The market has to make a pretty big turn upwards then we could come back and watch it again but currently, stay away! If You are interested in the latest cryptocurrency news, coin reviews and breaking stories from the world of blockchain then visit our website! (The LINK is on the profile) Hopefully, this analysis helped You out a little bit to confirm your own analysis and if You appreciate what we do here then hit the LIKE button! Best regards!
BITFINEX:XMRUSD
by UToday
1
Still strong balance of power between 1D and 1W.Monero remains neutral on the short term, balanced between the 1D Triangle (neutral RSI = 49.559, CCI = -49.0229, Highs/Lows = 0.0000) and the 1W Falling Wedge (MACD = -24.189, B/BP = -13.0206). Technically until either the 143.282 Resistance or the 96.192 Support break, the trend will remain neutral. However we are still more likely to see Lower Lows based on the 1W bearish continuation bias and that is the reason we remain short on XMRUSD with TP = 75.792, 64.104.
BITFINEX:XMRUSDShort
by InvestingScope
1W Falling Wedge vs 1D Triangle. Bearish confirmation below 103.XMRUSD is still on a tight balance of power between the commanding long term bearish trend of the 1W Falling Wedge (RSI = 43.439, MACD = -23.484, B/BP = -8.5290) and the 1D Triangle (RSI = 50.323, CCI = -7.6158, Highs/Lows = 0.0000) that keeps the short term trend neutral. We do notice however the rejection on the 1W Falling Wedge's Lower High (128.000) and if 103.754 is crossed then the 1D Triangle is nullified and a new Channel Down should emerge targeting initially at 96.192. We remain short on Monero, TP = 75.792, 64.104.
BITFINEX:XMRUSDShort
by InvestingScope
1
Balance between a Channel Down and a Triangle. Mostly bearish.Monero is keeping the 4H Channel Down intact (RSI = 43.399, MACD = -0.281, Highs/Lows = -1.4470) after yet another Lower High rejection at 122.70. However the rebound off the 96.555 Lower Low is maintaining a Triangle (blue dotted lines) on 1D (neutral RSI, Williams, CCI, Highs/Lows). If the 100 mark breaks in the next 3 sessions, then the Channel Down will overcome this balance. The 1W Channel Down however is still pushing for a lower price on the long term so we remain short on XMRUSD, TP = 75.792, 64.104.
BITFINEX:XMRUSD
by InvestingScope
MONERO (XMR/USD) Starts to Fight With The Heavy ResistanceLike almost all ALTS got a bounce from yesterday then so as Monero'. It bounced upwards from previous support level at $97. It made a massive bullish "Engulfing" candle which guides us above the round number $100 and the profit from the bottom was +11%! But looks like we have a heavy resistance above us. This red area has been historically a support and has been historically a resistance and now, again it starts to work as a resistance. In this area, around the $110, are all important EMA's on the four-hour chart and also we could find a counter trendline which passing through this area and makes a cross. This will all indicate that the key level is around $110. Break above the mentioned level will guide us back above the counter trendline, back above the EMA's and we make a new short-term higher high. Those criteria's are all bullish and if it could do this then definitely we are in the bullish zone again! Hopefully, those levels and this analysis helped You out a little bit to confirm Your own analysis! Please, don't forget to hit the LIKE button to support us! Best regards!
BITFINEX:XMRUSD
by UToday