Monero is showing Some Signs that It might be It's Downfall and that it's gonna Decrease a lot! SO if you look at the chart You can See that the Price Is in 2 Bearish Patterns! One is a Bearish Pennant and the Other is a Rising wedge Pattern which is also another Bearish Pattern.If XMR would obey the Patterns that It has Created, the Price will Decrease a lot ! So...
Monero looks to be heading to the upside. a double bottom break seems to be forming on the DAILY and structure with in the 4H and the 1H correlate in a bullish trend. The 1H is moving into Fibonacci retracement levels providing a great opportunity for a temporary long position on XMR.
*SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember...
On the hourly chart, #XMRUSDT has the potential for an uptrend to $135
Here we have mutliple years of data for Monero vs Bitcoin (XMRBTC). Let's read the chart. We have a bullish bias based on the fact that a low was set in December 2020 that has never been tested again. We see a consolidation pattern forming, lower highs and higher lows... This will lead to a pressure point where a break will occur. We also have a cup & handle...
Hey Traders, As you can see the pattern says everything. Sorry if you get offended, just trying to be a helping hand. Safe Trading, -Pulkanator
The link to the deal is in the first comment TP2✅ The deal was closed with a profit of +15%
The link to the deal is in the first comment The first target TP = ✅ has been hit , profit rate +7% Now you can set your stop loss on the entry price or a little more To protect your capital or to reserve a little profit Or you can withdraw now, the decision is up to you
Reasons to take short: ⭐️ Today BTC futures exprire, I expect trend reversal for BTC ⭐️ Trendline 8 days long ⭐️ Trendline is clean ⭐️ Price is squeezing to the trendline ⭐️ 4th touch ⭐️ 22 ATR Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use...
Patterns and levels show that it might be fall down. What do you think?
Quick Idea. "Monerun", or coordinated mass withdrawals, clearly hit exchanges where it hurt. Monero quickly began to outperform the market during the week of the event. A retrace is expected, although many thought we would surpass $300 before seeing it, hindsight is 20/20 and it's clear this IS the retrace. This could prove to be a great place to buy in if...
Patterns present me that XMR might be grow down from the top. I short it.
🔵leverage -----> ×20 ___________________________________ 🔴Stop Loss ------» 123 ⚪Entry price -----» 117 ___________________________________ 🟢targets TP1 -------> 🟢 TP2 -------> 🟢 --------------------------------------------------------- risk rate (+3:1-) ⚜️ Good luck everyone ⚜️
Past Performance of Monero Monero prices are floating higher, rising with the crypto tide. It is up five percent in the last trading day, bottoming up from the 2022 lows. Technically, buyers are steady, and prices are consolidating within a $20 zone. The immediate support is $100, while resistance is $120. As prices edge higher, a break above this liquidation...
Long term Hold. the real metaverse , one of the only ones with working products. Pretty un-known , if any major exchanges lists this, its an easy 20x. , think we can see 100$ cube by 2024
There's a nice and ominous fractal on the XMRBTC chart from way back in the beginning of it's price history in 2014... Let's see if i jinxed it!
Please provide a meaningful and detailed description of your analysis and prediction. Walk us through your thought process. Put yourself in the reader's shoes and see if you would understand the context based on what you wrote. Clearly stated profit targets and stop loss areas help clarify any trade ideas: Monero is going down because my subjective trendlines say so.
There are not many ways we can count this. IMO this is the best count. Wave 1 was really sharp , wave 3 as well (slightly longer, but barely). I really don't know what to target here, but I think a double top could be the way to go (it is a conservative target all things considered). I do however see a few more downward candles after some relief. Happy trades to all.