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Selling pressure initially broke the floorXMR has seen a sharp decline in price over the past few weeks. Selling pressure initially broke the floor of the short-term ascending channel, and the price fell to the support range of $150-157. With the accurate reaction to this support range and the increase in demand that was created last day, we see a return to the minor resistance level in the range of $167-169. There is potential for Monero to continue to range during this week and next week. The trend is still in the range in the daily timeframe, and in the 4-hour timeframe, that is, for the medium term, the trend is downward, and until we have a return above the $170 resistance, this trend will not be upward. With the upward trend, we can expect the price growth to continue up to the resistance of the $190 and $200 range. In the bearish scenario, if we have selling pressure, the second valid support level is considered in the range of $133-141, from which we can also expect a positive reaction.
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by MonoCoinSignal
2
XMR triangle breakoutPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free. Have this draw for week or so just didn't post but now is the time I guess! Orange trendline added. Monero broke up this triangle 📐 and now still backtesting it's upper edge. I just bought as I think there is chance to reclaim the previously broken triangle lower edge and then the price could surge to 203.5 target and even higher. ENTRY : local high @ 174.2 STOPLOSS (SL) : local low @ 167.0 TARGET (TP) : height of the triangle projected from midpoint of the local range @ 203.5 REWARD RISK RATIO (RRR) : 4.0 INVALIDATION : when SL level hit Check my other stuff in related ideas. Please like👍, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
XLong
by bizmark
4
XMR/USDT 1DAY UPDATE BY CRYPTO SANDERS !!Hello, welcome to this XMR /USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- monero (XMR) also surged earlier in the day, as it edged closer to a key resistance level. XMR/USD moved to a peak of $178.15 earlier in the day, which comes less than a day after falling to a low of $169.84. Today’s surge sent monero closer to its long-term resistance level at $180.00, which was last broken on Sunday. As can be seen from the chart, the relative strength index (RSI) is currently hovering below a ceiling of its own at 65.00, with a current reading of 63.25. In order for bulls to take XMR back above the $180.00 level, price strength will first need to surpass the 65.00 mark. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
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by CryptoSanders9563
Monero still has bullish momentumXMR continued its upward trend over the past weeks, and according to the previous analysis, its price growth increased just after breaking any resistance, turning that level into support. Monero still has bullish momentum, and if it breaks the current resistance in the $172 - $178 range, it could rise to the top of the main descending channel. Note that the channel ceiling resistance overlaps at $200 and is a psychological level. Therefore, the possibility that the price will be corrected from this range is high. If this resistance is broken in the future, we can expect the end of the corrective wave in the weekly time frame and the beginning of the price movement to reach the previous ceilings. Also, if this resistance is broken, the daily trend can be upward. Therefore, pullbacks that return to support areas in the future can be considered demand areas.
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by MonoCoinSignal
3
XMR - Monero / BTC Get ready to buy the dipGet ready to buy the dip My buy zones are between 0.0064 and 0.0078. I'm looking for a green Ichimoku Cloud swinging chop before momentum builds again for the next rip. XMR had a nice rip up to over 0.009548! Who'd a thunk it! But the next target is 0.01. The importance of privacy is catching on. And XMR is the OG in this space in terms of privacy. It has gone the distance. Is great tech, great dev community. Built on solid foundations. No taxes for the state! Peace and love and spicey rum. Happy Sailing Privacy Pirates. F.Society, F.Banksters, F.Politicians Best regards, Snake Plissken
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by kryptologic
Monero Is Here To Save The Day! (Share your Altcoins - Comments)I sold all of my Altcoins and bought Monero... I made one of those silly mistakes where you quit your position but quickly fixed it and jumped back in... A quick reminder how your personal/emotional life can directly affect your trading. Anyway, this one is looking good and looks like a safe-haven, for us to get through the Bitcoin drop. I will be looking at some charts/Altcoins that are in a similar spot as Monero... Altcoins that are bullish and growing while Bitcoin drops. Do you have any in mind? If you are looking at any pairs like Monero, let us know in the comments... Thanks in advance. Namaste.
XLong
by MasterAnanda
26
✳️ Monero To The Rescue, Hits New Milestone, Next Target Mapped!Monero just hit a new high breaking its highest price since May 2021. This is the highest price Monero hits vs Bitcoin in 1.66 years... It isn't easy to say this but it looks ready to continue growing. So, where is the next target? As usual, we have different tools to extract resistance levels/targets. The first one is the October 2020 peak, sitting at 0.011811, this level can definitely work as resistance on the way up. Now, we prefer the Fibonacci tool to extract targets as it has higher accuracy... This is what we have: 1) 0.10356 for a humble 12.5%. 2) 0.012405 (golden ratio) for a nice 35%. 3) 0.014454 for a great 56%. This level would signify the highest prices since April 2019. It can happen... It is all possible of course. Fiat money is infinite. The world is really big... And some altcoins exist just for the purpose to protect us when everything else is going wrong. If you want to protect your crypto/bitcoin... Monero has proven to be the right call. 11-April-2022 | Monero Is Here To Save The Day! "Anyway, this one is looking good and looks like a safe-haven, for us to get through the Bitcoin drop." 2-July-20220 | Monero Weekly (Long-Term) "Monero is good to buy and hold long-term. | A good place to let some crypto-funds rest. " Namaste.
XLong
by MasterAnanda
4
Monero Recaptures Key Retracement LevelMonero KRAKEN:XMRUSD continues to outperform the other major cryptocurrencies through this crypto bear market cycle. Last week Monero entered a bullish trend when both price and Momentum (Lagging Span/Chikou) closed above the Daily Ichimoku cloud. This is the confirmation of a new bull trend starting. Momentum has since gotten back inside the cloud but over the weekend Price held the key Level of 139. 139 was the 50% Retracement Resistance of the FTX debacle crash. Price broke the Resistance on November 30th and then came back to retest the level solidly on December 17th now as Support. Furthermore, let's look at Monero's performance relative to others. Measured by the "pre-FTX high" Monero is down -10.37%: Bitcoin remains down -22.48%: Ethereum remains down -29.89%: "Bitcoin is surveillance" As regulation begins to take the center focus of cryptocurrency more users will shift to value in privacy. I'll leave you all with a meme:
BITFINEX:XMRUSDLong
by norok
1
Monero vs Bitcoin Weekly | Still Bullish 8 Months Later...Back in April of this year we shared Monero vs Bitcoin for you... "this one is looking good and looks like a safe-haven, for us to get through the Bitcoin drop." Apr 11 | Monero Is Here To Save The Day! And the chart continues to look good. We have green after green after green candle closing weekly and all this happening above MA200, telling us that long-term growth is possible. Patience is key. Monero has more been growing regardless of what Bitcoin does. Namaste.
Long
by MasterAnanda
11
XMR - BTC Looking Strong Coming into the WeekendSaturday 19th November 2022 Welcome back XMR Bulls. XMR is on a bit of a tear at the moment, having broken above the red dotted trend line forming a nice hammer candle, Green 2 on the TD count. XMR peaked at 0.008055 so far this week. If it does stay above and closes the week out above the trend line, we could see a few more weeks of positive action out of XMR, seeing the weakness in BTC following the SBF FTX debacle. Let her rip I say. Money flow is still above the zero line. Volume and Price Oscilllator from Neobutane is creeping higher, but has flashed an overbought signal. But I don't think it will begin to pull back until the purple price oscillator line gets in to the orange band, so things are looking up at this stage. Let's see how the Sunday weekly close play out. Peace and love and spicey rum. Happy Sailing Privacy Pirates. F.Society, F.Banksters, F.Politicians Best regards, Snake Plissken
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by kryptologic
2
XMR/USDT 1DAY UPDATE BY CRYPTO SANDERS !Hello, welcome to this XMR/USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis. CHART ANALYSIS:-Monero (XMR) was closing in on a one-week high on Thursday, as market volatility eased a week on from the FTX collapse. XMR/USD raced to an intraday high of $132.97 in today’s session, which comes a day after trading at a low of $127.09. Today’s move saw monero hit its highest point since last Friday, and it is now marginally below a ceiling of $133.50. Looking at the chart, earlier gains have somewhat eased, as traders became nervous the closer price moved to this ceiling. The 14-day relative strength index (RSI) also collided with a key resistance level of 43.00, and as of writing is tracking at 42.09. Should bulls intend to move prices above $133.50, this ceiling of 43.00 will need to be broken first. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
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by CryptoSanders9563
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Monero Outperforms BitcoinMonero/Bitcoin BITFINEX:XMRBTC made a new high for the year. Over the last year's bear market Monero has outperformed Bitcoin by almost 100%. Monero is proving itself to be a greater "store of value" during this cycle than the past champion of Bitcoin. Monero is a cryptocurrency that has been around since 2014 and is based on "privacy by default." It is my thesis that increasingly more actual transactions are being done online using Monero due to its privacy advantage and lower fees than Bitcoin.
Long
by norok
4