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Xmrusd

XMR Appears to be in a Cup and Handle Continuation patternThere is a lot of bullishness in the XMR chart despite everything that is going along globally with politics and economics. For a long time I have watched XMR with the assumption that it may be forming a massive double top but so far that has not materialized A zoom in onto the handle shows a clear falling wedge which has a bullish bias. There is a double bottom that has been forming late since late January and it seems that the inverse head and shoulders is beginning to perform. I hope for this to proceed rather impulsively in short order and I have my entry at the neckline of the pattern. Price action can squirt right out of the wedge or price may flip the wedge resistance to support with a retest. The main chart shows some of the other targets in red on the fib or at the full flag pole performance. There is chance that we get a throwback to the height of the cup at about $515 once we reach some intermittent targets. Price action has found support on both the 200SMA and the 200EMA as shown below. Candle bodies on the EMA and wicks to the SMA. Finding support on such long term moving averages is bullish but also opens price action to test it repeatedly as support before really taking off. The moving averages are under a weekly death cross so I expect to see some activity at the 50 SMA. Hopefully a nice flag continuation pattern but I can address that in due time. The main noise in my head about this trade is my intense long term bearishness on equities and how crypto has generally moved in sync with with equities. We don't have the same data with crypto and equities running in opposite directions that we do with say equities and gold or silver. But bullish chart patterns are bullish chart patterns and I am going to trade this bullishly.
POLONIEX:XMRUSDLong
by This_Guhy
6
Downward Trend and Key Support LevelsOver the past month, XMR has been trending downwards, experiencing a moderate level of selling pressure. This led to the breach of its initial support level around $147, and the price subsequently hit the second support level at approximately $136. As anticipated, there was a positive reaction at the second support level, resulting in a 6% increase in XMR's price. However, the buying power was not sufficient to break through the resistance at the $147 range, indicating a pullback in the ongoing downward trend. The RSI level for XMR is currently at 37, indicating a moderate level of downward momentum. This suggests that there is still some selling pressure on XMR, but it is not yet in an oversold condition. The RSI level of 37 aligns with the overall analysis, confirming the presence of bearish sentiment in the market. As the selling pressure persists, XMR lost support at the $136 range and is now testing an important support level situated between $122 and $128. This support level corresponds to the starting range of the last upward movement observed on a weekly basis. It is crucial for XMR to hold above this support range to avoid further downward movement. Taking a broader perspective, on longer time frames, XMR is currently in a range-bound trend, while on a daily time frame, a clear downward trend is evident. To change the trend and reverse the downward movement, XMR would need to break the downtrend line and rise above the resistance level of $150. Considering the combined analysis of the price action, support and resistance levels, and the RSI, it suggests that the market sentiment for XMR remains bearish, with selling pressure continuing to influence the cryptocurrency's price. Traders and investors should closely monitor the support level around $122 to $128, as a significant break below that range could potentially lead to further downside movement for XMR.
X
by MonoCoinSignal
8
XMR Potential Ban of anonymous crypto projects !If you haven`t sold XMR here: Then i will remind you that Monero (XMR) has gained popularity for its capacity to enhance user anonymity, making transactions challenging to trace through the utilization of stealth addresses. However, this aligns with a goal that regulators do not necessarily support in the cryptocurrency space. A leaked version of a US draft bill has surfaced, suggesting the elimination of anonymous crypto projects. The proposal also mandates that DAOs, DeFi platforms, and exchanges register legally in the United States. This development indicates a potential shift towards greater regulation and oversight within the industry. My price target for XMR is $96.50. Looking forward to read your opinion about it!
XShort
by TopgOptions
XMRUSDT- pushing the level to 150Hello everyone. Today we will analyze XMRUSDT in general terms. This coin has recently had very low volatility, as the price is squeezed by levels from above and below. Therefore, we should expect some kind of movement in the near future. And judging by the fact that we have been knocking on the 150 level for the umpteenth time, there is every chance to finally break through it and reach 138. We will put a stop behind the trend line at 153.9.
XShort
by CRYPTOVALUTCHIK
Monero Road AheadMonero has been trading in a downtrend for a while, and almost strictly within the red shaded (fib .236 - .382) area for 11 months straight. It has a date with destiny soon though, and will either breakout within the shaded triangle area or collapse down to the $145 range. If Monero clears the .382 fib line at $172.60, I really need to see a firm retest. To confirm both the breakout of the downtrend, and the flippening of .382 from strong resistance to support. The .5 fib at $195 will not be as strong as what .382 has been. If Mordinals or larger macro factors hit quickly, $195 will be taken over with little resistance. Entering now at $160 and exit upon passing $195. Targeting $205 for a 28% gain sometime in late April/early May. NFA
XLong
by ChartswithChip
Moreno technical analysis. The huge ascending triangle.There is very slowly forming giant ascending triangle which could potentially peak during2025-2026. Example of an ascending triangle. Notice the flat iupper line and the rising lower line. This is a generally bullish line. (Figure 6.1b "Technical Analysis of the Financial Markets" Page 131) The measurement. The breakout (C) should see a sharp increase in volume, That upper resistance line should act as as support on subsequent dips after the breakout. The minimum price objective is obtained by measuring the height of the triangle (AB) and projecting that distance upward from the breakout point at C. (Figure 6.3a "Technical Analysis of the Financial Markets" Page 136)
KRAKEN:XMRUSD
by Synthacon
2
xmrusd 16h bullish xabcd 75% gains buy/hold🔸Speculative bullish xabcd setup in Monero on 16 hour price chart. Advanced pattern setup, since point C and D still require confirmation. Do not execute the trade at market now, expecting pullback in April and then be ready to reload near point D below market price. 🔸The xabcd pattern is defined by point X at 126 usd, point A at 181 usd, point b at 139 usd, point C at 173 usd and finally point D at 112 usd. This is an advanced pattern setup, so naturally higher risk involved in trading it, so always do your own due dill and confirm with other indicators / price action techniques. 🔸The recommended strategy for Monero bulls: Seek to buy low near point d after the pullback is complete. best entry price near 114/116 usd and target is +75% gains. this is a buy/hold swing trade setup so please do not expect miracle overnight gains. good luck! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
KRAKEN:XMRUSDLong
by ProjectSyndicate
24
XMRUSDT - not an usual BITCOIN FollowerXMR is a privacy coin and has its own whales who are not really interested in what happens to BITCOIN as it has it own uses. Recently, its MACD came above the avg line and looking to go higher to make a bearish cross later in the year... we do not know how long can it go. But we have a near (highly probable) target (200$ - 205$) in our sight. Entry can be taken from 160$ - 175$ SL @ 155$ let's see what happens in the future and in days to come. Good luck.
Long
by crypto_gambler_
1