Hello traders, happy Sunday. I hope you all had a fantastic weekend. Today we take a look at XMR / USD Daily. Price has recently formed a Demand Pivot on our Daily timeframe. Our Demand Pivot has formed upon our Weekly S/R level. - This in turns shows strong confluence for a bullish push within the midterm for Monero. - Our current key local resistance...
This is an excellent trade to take up right now, the price range will soon breakout upwards. OBV indicator has already broken upwards. XMR is the most private asset in the world. Be safe
On the chart you can see alternate BAT pattern with XA projection 1.13. First target for this pattern is 0.382 fib. retracement A-D and the second is 0.618. I chose 0.618 as a first target, because it´s the highest propability that monero found bottom. Second target around 40% and than hodl. IF YOU WANT STOPLOSS, PUT HIM BELOW LOW.
Screams buy.. Sorry for the mess.. studying patterns and fractals
XMR is accumulating capital in this triangle. Q2 and Q3 are gonna be awesome. This is middle-term coin.
XMR BTC Compared against ADA and ETH
Monero has completed a X wave regular flat correction, will be looking for start of a new impulsive move on monero to new all time highs
XMR looks like it is the next to join the party. It has bounced off support so far but could see a brief dip down to trendline or even the lower support zone. Looking for entries in those areas could be a better R/R for the move higher! Ascending wedge has formed as well with a break above that resistance adding fuel for a breakout higher! Thanks guys!
Right now Monero is near a point where there is a lot of resistance, while its support lower is weaker after being touched so many times. At the same time we have a clean accumulation zone. For now and until we break and close above 0.0143, being short is the most attractive option from a R/R perspective. Once we break and close above, being long makes a lot of...
Monero (XMR) Overview Private Digital Currency Monero is cash for a connected world. It’s fast, private, and secure. With Monero, you are your own bank. You can spend safely, knowing that others cannot see your balances or track your activity. Monero (XMR) Chart Analysis It is great to start by looking at the charts long term, gives you a better...
Reversal Triangle Formation Retest of Support and then go looking for resistance BIO
BUY: 12700 TARGETS: 13200/14100/15400 STOPLOSS: 11900
*** THIS IS NOT AN ADVICE, DO YOUR RESEARCH AND TRADE WITH YOUR OWN RESPONSIBILITY*** The chart is self-explanatory Haven't seen clear setups like this in a long long time