Could go either way currently we have upside momentum ....... But with alot more indicators factored in the downside 10% is more likely. we may move up a bit more first, so it may be mor like 13% buy the time we reverse. As always DYOR
XMR 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...
Monero looks to be trapped inside this symmetrical triangle which has formed after another rejection when trying to break through the upper bounds. There's a nice parallel channel formed for the price to fall back into but it may need a little wiggle romm first based on historical S/R levels. We can see the price reaching the lower edge of the aforementioned...
I have Monero on top 10 watch. I will just maybe give it a little more time. Very interesting to see over the next couple of weeks.
Interesting formation, measured move is calculated in the chart with dashed lines (lol). Only thing on my watchlist jumping out at me ATM... seeking for shelter in utx (utilities) like $aa etc. (STILL WAITING ON SPY TO TAKE A BIT OF A BIGGER HIT.
XMR continues to maintain bullish sentiment and reasoning, but the asset is overbought on small and large timeframes. The price has approached the upper boundary of the upward channel. I expect a correction and sideways movement before the next impulse.
I hope you are fine We have a view on xmr. We are in the middle of the g wave of this diametric diamond. If we reach the red zone, I will be looking for short trades. Do not forget to manage cold, volume, leverage and stop setting Comment if you have any questions Thank You
A couple weeks ago XMR showed potential to continue a Bullish ABCD BAMM as seen in the related idea below and so far things have gone well and is about halfway to hitting the target; but in doing so it's also breaking out and confirming above a more macro structure and confirming the validity of a Bullish Butterfly. If this Continues we could see targets much...
Monero trades between a resistance zone and a support zone, under liquidity. On the 1H Timeframe, 50EMA and 200EMA form a "cross of death" pattern. I expect a fall if the price fixes below the support level. Further movement will depend on price reaction to the support zone.
Possibility of approving the head and shoulder pattern for XMRUSDT
We have Hidden Bullish Divergence at the neckline of what appears to be a Bearish Head and Shoulders, XMR has been quite Bullish though and is still in the process of completing a Bullish BAMM so this may be a nice time to counter the Head and Shoulders Pattern and go for the 1.272 ABCD Completion.
BINGX:XMRUSDT XMR/USDT is one of the dinosaurs of the crypto world, the asset in my reading is set to build a head and shoulders formation. The operational risk of this trade is low compared to the potential, I believe that in the break-even zone, confluent with the neckline of the OCO I will consider taking my risk out of the operation. The Asset has broken...
This week we have the CPI report and the FED meeting. I expect the stock market to go down and cypto to fallow it. My price target for Monero XMR for the end of the year are the following: XMR/USDT short Entry Range: $148 - 155 Price Target 1: $140 Price Target 2: $134 Price Target 3: $125 Stop Loss: $169
Dont over complicate it, especially in a bear market You will see more profits and have a stress free life by keeping it simple Buys only above breakout line or at the channel lows around $40 Especially with Jupiter Pendulum tagged red Look for a green tag on the breakout to confirm
Monero 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...
Quite a symmetrical triangle has formed on Monero / USD, indicating some swings back and forth between the highs and lows. We are nearing the pinch point of this triangle but there's still a large amount of wiggle room for a quick 10% short to the bottom edge of support. Keep your stops tight and take the profit while you've got it on this one!