After a near 1000day bearrun Monero is poised for the breakout.
The XMR BTC pair is also slowly turning bullish.
Everything is possible on Monero. Just dont forget to sell in March of 2025
Monero (XMRUSD) Analysis:
Weekly Timeframe:
Monero is currently experiencing a downtrend, indicating a lack of demand in the market.
The sustained downtrend on the weekly timeframe raises concerns about the overall strength of Monero in the current market environment.
Daily Timeframe:
On the daily chart, Monero has recently bounced off a significant support...
Monero (XMR): CRYPTO:XMRUSD
Monero (XMR) , like many other cryptocurrencies, experienced significant sell-offs but hasn't recovered as robustly as others. This lagging behavior presents an opportunity to capitalize on potential faster and more favorable entry points. Currently, it is believed that Monero might still be at the end of a Wave 2, which could be...
This is the only crypto which has a use case, and can live up to both CASH and PRIVACY.
If I am going to be a speculator in this space, it will be on monero.
That being said, theres still a long way down till I consider buying.
Its funny though, the only useful crypto is massively underperforming dog coins, and surveillance coins (bitcoin)
IMO they are making...
Monero (XMR) is showing an absolutely incredible pattern on the weekly and daily charts. Monero is one of the very few truly decentralized and anonymous blockchain cryptocurrencies on Earth, which is why the powers-that-be are working to make it harder and harder to obtain. This is why it was dropped from the criminal/fraudulent Ponzi scheme known as Binance...
Right now I think XMR lacks the support to push past 140. It's bounced to 130 a few times recently. I think loss of buying interest will push it down for a good day trade opportunity in the $126-128 range as XMR makes one last spurt up to ~$131-132. I think an intraday trader could look for a solid buy-in range around the $119-124 range marked on the...
A price action above 141 supports a bullish trend direction.
Increase long exposure for a break above 150. This level is also the 61.8% Fibonacci retracement level.
The target price is set at 163 (its 78.6% Fibonacci retracement level).
The stop-loss level is set at 129 (just below its 38.2% retracement level).
It will appear that a falling wedge pattern is busy...
XMR has seen some recent loss in buying power (I have another post on day trade targets if you're interested). For long term potential, XMR has seen a large amount of buying pressure. Also consider that anyone that has bought XMR in the last 4 years or so, outside of a few bearish blips, would be selling at a loss right now.
I'll look more. into it but I can...
This huge chart is truly impressive to me.
If you like macro plays, this is possibly the best cryptocurrency chart.
This is a chart that should make you question the fundamentals of crypto.
The question is "Can Monero be the thing Bitcoin cannot be??" Should Monero become that thing? I don't know enough about it.
What I see is that Monero has some...
BlackRock coin does hahahaha
I have no problems with this chart. Beautiful reaction. If it closes the week somewhere above 133 I'd say it will continue.
A price action above 128.00 supports a bullish trend direction.
Increase long exposure for a break above 139.00 (its 50% Fibonacci retracement level).
The target price is set at 152.00 (just above its 61.8% retracement, which is also close to its 200-day simple moving average).
The stop-loss is set at 117.00 (is 23.6% Fibonacci retracement level).
Remains a risky trade.
A potential reversal in a break of a swingtop, but it's in a uncertain trend on the daily chart. With the delisting on binance I know it can be a risky move to get in but with this sell of the RSI moved in the oversold and I don't see the coin killing itself like a terra Luna. These prices are really tempting considering we are in a bull market and this is a top...
What is happening right now is bad for this pair... Monero is likely headed towards $33, sometime similar to what will happen to Binance Coin in the close future...
Good day my fellow Cryptocurrency trader, I am hoping you are having a wonderful day.
Each time I think about Monero I get images of the conversation a guy was having with Satoshi back in the early...
Yesterday Monero CRYPTO:XMRUSD dipped over -30% on new that Binance was going to delist it and other multichain (privacy based) currencies.
When I first saw the drop of my watchlist I feared that some part of the Monero protocol had been broken and that its privacy focus had been circumvented. Once I informed myself of the "reason" for the drop I became more...
