Monero bulls defended $152 support- Is $168.8 achievable
Strategy Bullish
Profit Target 168-172
If Break above 179USD and 3days closing successfull above 179 The strategy turns to Tend Strategy Bullish
Risk Management: Proper trailing stop
XMR dropped to its previous parallel channel’s mid-level of $152 after BTC retreated to $26K on 28 March. The $152...
According to our current Monero price prediction, the value of Monero is predicted to drop by -2.32% and reach $ 164.17 by July 6, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 59 (Greed). Monero recorded 21/30 (70%) green days with 7.04% price volatility over the last 30 days. Based on our...
Monero is one of the first crypto project which focused on privacy and anonymously. After a big ascent, XMR entered into a long oscillation period in a wide side way channel. Recently, due to the Ripple (XRP) court ruling that caused pump in crypto market, XMR broke the consolidation triangle pattern upward. Could this be the start of an impulse upward wave to the...
Hi
There is a perfect rule in Elliott Analysis that
says you can zoom out and go to larger timeframes
whenever you feel to be trapped in a ugly correction pattern.
I do it for XMR and every thing becomes beautiful.
I daily chert XMR finished Minor impulse and is making
wave abc (Wave 2 Intermediate).
Do not forget that this correction after correction that XMR...
Hi everyone
It seems that a consolidation zone is making wave 2 minor under the Red Resistance Zone
to then break it out for wave (5) Intermediate.
Wait and See
Be Safe
Bye
We have two major waves here, 2017 and 2021.
Let's look at the main market pattern through Monero (XMRUSD)... Up and down, as simple as this.
We have four indicators in the form of moving averages. EMA10, EMA21, EMA50 and EMA100.
When a pair trades below these indicators or is trending downwards against them, the bears have the upper hand. Examples are May 2021...
Hi
It seems that XMR has a huge potency to rise because its sub-waves 3 are extended in both minor and and intermediated degree and for now it is making wave 5 minor that looks like an ENDING DIAGONAL and what should I do is to wait and see where this diagonal will become tired and break-out to wave (4) intermediate.
JUST SEE AND WAIT FOR NOW.
Bye
There 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...
This i my Macro XMR Chart setup. This accumulation zone were in right now im waiting to break from now till Aug 1st 2025 for the run up range to focus on. I love XMR because it has very healthy trend patterns
I placed a trend focused price point from 6-515 as major focus zones play between the lines and break your trades using either a gann box or fibonacci...
Since June 2022 Monero (XMRUSD) has been moving within a sideways channel with a bullish bias, that is, printing higher lows.
A year is a very long time in Crypto and what will happen next is something big.
This long-term consolidation phase can continue, believe it or not, but it can also break anytime.
Once the massive bullish action start, you will wonder...
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,...
Monero is currently in an accumulation zone.
Good zone to buy long term.
With monetary privacy concerns over the next years, Monero seems to be a good
alternative to hedge agains CBDCs
Not Financial Advise.
