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Monerousd

What about Monero? Huge gains or just another doomed altcoin?On this weekly log chart you can see XMR is now at a crucial point in it's next market cycle. The red down arrow shows the current point XMR is at compared to the last bull cycle shown by the purple down arrow. As you can see they are at similar points when you compare them on the chart as well as on the LMACD where it rose above the level of 0.095 on the weekly chart and stayed above it till the next ATH. On the RSI you can see where the lime green line is that if the RSI holds above this level it maintains it's bullish momentum upwards. Will it be the same from where XMR is currently till the next ATH? The Fibonacci Retracement indicator shows that at the 0.618 level @ $96.52 there was resistance and now XMR has broken above it and heading up to the previous high of $132.27 where XMR should see some resistance again before heading up to the small lime green line @ $157 where some heavier resistance should be met. XMR also broke above the thick red line @ $105 which had held as resistance since July 2019. The next major resistance is at the next red horizontal line @ $224 as well as the $200 level. On the daily chart shown below you can see on the LMACD that the 0.095 on the daily time frame shows that XMR can be shorted when it hits this mark and you will make a profit every time if you know when to close the trade and not be greedy. On the RSI it also shows that when it hits 80 it is also a good time to short XMR. So, XMR should hit the lime green line @ $157 and then retrace back to the red horizontal line @ $105 which should roughly be in line with the RSI and LMACD shorting opportunities when they hit their marks as indicated above on the daily time frame. This pullback should hit the weekly MA 21 or EMA 34 before then moving further up towards the next major red line @ $224. As a long term stab in the complete dark, XMR may hit 30k if bull run takes till Dec 2023 to peak or 16.5k if the peak is Dec 2022. As it is one of the only true privacy coins going around I can't see XMR going anywhere as it is a useful tool for certain purposes. Happy trading legends! HTBB
POLONIEX:XMRUSDLong
by Pro_Trader_HTBB
5
XMR.BTC and USDT (Y20.P4.E1).Looking for the cradle setupHi All, Stalking this one on the 4 hrly chart. a) support lines are clear; note support and resistance lines; b) EMA\MA are clear; in order; c) Fib levels are clear; 2 levels as per chart; If 2 are aligned, even better; d) Confluence on the MACD on different time frames; price action is in tune with the indicator: no bearish divergence; e) Smaller time frame, trend intact; So what are we waiting for, a bullish setup, 1) a bullish candle 2) 4 hrly candle to close 3) has confluence with a minimum of 2 items from the above point 4) look at the smaller time frame to see a reversal pattern of some sort ====================================== XMR.USDT is similar on the 4 HRLY. ====================================== Please give me a like or tick for this post. Regards, S.SAri (z.chart) ====================================== CPR perspective, support ============================================================================ ============================================================================ Overview. XMR.BTC ============================================================================ Overview. XMR.USDT
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by ssari
1
Monero, Show Us Privacy Still Matters! (XMR)Stage 1 breakout being tested right now with everything shooting green on monero. Roughly 410 days since back to the stage 3 high of major structural Resistance. Once we break here we will look to then hold to break the highs of stage 2 and stage 3 for a serious bullrun. Keep an eye on the order book and watch the tape to see how much is being bought up on a breakout. If this holds strong than we could see another correction and correlate with all indicators. Anything can happen, stay sharp.
KRAKEN:XMRUSD
by UnknownUnicorn2319099
2
Monero - On the Daily Requested by: tim_1180 Here I have made a channel between the two blue line that show major support. and resistance. Currently we are hitting that resistance at 71.00 usd area. Depending on what Bitcoin does this week will determine the usd vale in this asset. I can not give financial advice, but I can show you the way. I lack the fundamental knowledge of this asset, that is where you come in with your own research. That that information as a variable and add it to this equation of possibilities.
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by MrMoneyMatrix
Monero - Long term Outlook Reguested by: tim_1180 I have not done any research into Monero, so I lack necessary background knowledge need to calculate a fundamental outlook of this crypto asset. I do remember the astronomical bull-run it had back in the last cycle, and it is one of the popular privacy coins. This reminds me of a hard learned lesson during this pandemic, and that is to learn to block out the noise, and stay focused on the technical of ANY asset. Good luck out there traders. Ju$t Follow The Money
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by MrMoneyMatrix
Major Monero Discounts Could Happen! (XMR)Everything on monero continues to shoot green from the Crossover strategy and the ema dots. We still sit below a very key level of resistance in an expanding downward channel with lower lows and lower highs being formed. Until an actual breakout you still have no bulls confirmed! I am a big fan on monero and I personally would love to see it reject off resistance and dump for one more major selloff for unbelievable discounts. If this happens I will add a large position at the next low or on the Resistance breakout if we decide to push upward. Best of luck to you all. 🥇MLT | MAJOR LEAGUE TRADER | FULLTIME TRADERS
POLONIEX:XMRUSD
by UnknownUnicorn2319099
5