Monero (XMRUSD) has been very strong since the February 25 Double Bottom as it almost reached the early January High. In doing so, it broke above the Lower Highs trend-line of the May 07 All Time High (ATH) and the 1D MA200 (orange trend-line). It is possible that within this month, it will form a 1D Golden Cross (when the 1D MA50 (blue) crosses above the 1D...
Monroe has broken a long-term downtrend and Pulbeck has hit the broken level and is ready to move towards the price targets. In addition to this broken trend, it can be said that in the weekly timeframe, Elliott is at the beginning of his third wave, which can touch high targets in the long run.
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Monero is seen very effectively on the Fibonacci Channel formation but since August 2020 has been trading within a Bullish Megaphone pattern.
The peaks have matched well with the Fib levels of the Channel with the current one being at 2.5.
Every peak is on the 1.618 Fib extension from the previous bottom.
Also every peak is made on or right after the LMACD...
Pattern: Bullish Megaphone on 1D.
Signal: Buy on the MA50 as the RSI got rejected while the price hit the top of the Megaphone.
Target: 400.000 which is the top of the Megaphone and just below the 2.382 Fibonacci Channel extension.
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Pattern: Bullish Megaphone on 1D.
Signal: Buy as the LMACD just formed a Bullish Cross (previously a sign of an upcoming rise within the Megaphone).
Target: 260.00 (just below the 1.5 Fibonacci extension).
Most recent XMRUSD signal:
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XMRUSD
After reaching the 100.00 level the price got rejected and formed a head and shoulder pattern has formed. 98.415 is a major resistance level for the bull
Right shoulder was formed on September 01 and felled up to 74.400 level which is a low volume area and bounced back. And formed series of HH HL HH HL in rising channel. As we see the bull has losing its...
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Everything on the chart.
open pos: market
targets: 73 and ~79.5
after first target reached move ur stop to breakeven
stop: ~59.8 (depending of ur risk). ALWAYS follow ur RM .
Good luck
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Good...
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Everything on the chart.
IDEA WITH GROWTH IS RELEVANT ONLY IF BTC WILL RISE, KEEP EYES ON BTC!!!
open pos: market
targets: 68.2 - 70 - 71.8
after first target reached move ur stop to breakeven
stop: under 64(depending of ur risk). ALWAYS follow ur RM .
Good luck
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Everything on the chart.
open pos: market and put 1 more sell limit on 66.4
targets: 61 - 59 - 56.5
after first target reached move ur stop to breakeven
stop: 69.1(depending of ur risk). ALWAYS follow ur RM .
Good luck
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Everything on the chart.
open pos: market
targets: ~73$
stop: 49.5 (depending of ur risk). ALWAYS follow ur RM .
risk profit: 1 to 2.5
Good luck
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It's not financial advice.
Dont Forget,...
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Everything on the chart.
When breaking through and consolidating above 67, you can open a long with a target in the area of 73$ (9%)
scenario will be canceled if we exit the local channel down
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Pattern: Channel Down on 1W.
Signal: Bullish as the Lower High trend line broke. If it fails to get detached from the 1D MA200, then expect a 1 month consolidation first.
Target: 95.000.
