Monero token has seen declining RSI the past few weeks and is currently testing the long-standing bullish trendline.
Should price fail at this level, it will almost certainly fall to the previous s/d zone area around $150.
Long position, targeting the upper brim of the 4-year cup and handle formation.
- It is a right time to buy Monero, because of the cup and handle formation!
- Target is 1:1 fib trend-based extension - in next leg up, so be prepared.
- RSI is ready for a pump and once we reach all time high, we should accelerate in speed.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR...
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📌 XMR /USDT - WEEKLY Tme-Frame - Heiken Ashi
📌 Fibonacci Channel - CUP and CANDLE Pattern - Cycles
📍MONERO / USDT is looking so bullish based on its possible cup and candle pattern along with cycles it has made
📍Monero is a privacy coin which is one of favorite of those who value their privacy and...
Privacy is totally undervalued in todays market. Monero is tried and proven and worth of an adequate valuation. Specially over projects with dubios fundamentals like mobilecoin - what i consider to be a shitcoin.
XMR is ready for big pump , this coin break the dynamic resistance line and test it after range zone in daily channel now is ready for pump to moon , privacy coins same ZEC , XVG ,KEEP are pumped but this coin is left . buy after break the range zone . thanks for like and comment.
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Just an idea, my personal opinion
Are we approaching a new steeper Uptrend Channel on XMR? ;)
If so, follow the arrows!
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Monero is a 250 dollar stablecoin. It's the immovable object hitting the unstoppable bull force. Somehow in the middle of this madness, XMR has ranged between 200 and 270 for the last freaking YEAR**
**April's bubble discounted due to ransomware.
The main thing I want to note is Monero's comparison to bitcoin since launch, which is denoted by the orange checkmarks within the two charts in this post. We could be seeing the formation of a nice cup and handle. With regards to the fibs, last phase we hit the 2.272 for the top, and if that were to be the case this time that would land this coming run at approx....
XMR Break 4hour trend hitting north at $272.20 SL: $270 -- headed to $296-$300. RR 7:1
Personally I'm holding till $330 RR 20:1
Be mindful this is a super tight stop loss so might get stopped out a few times, however Risk Reward gives multiple attempts.
S N I P E R ENTRY
Any and all liability for risks resulting from investment transactions or other asset...
Similarities can be seen within the 1.618 fib circle both in the square / rectangle and the touch of price on 1.618 level Tried to make this fun by making the circles eyes and drawing a tongue out, to create the smiley face
The following content is machine translation:
XMR fluctuated in the interval for two months.
The trend began to narrow.
Triangular pattern, bullish on the upper break, bearish on the lower break.
The macd indicator hit the zero axis today.
Anonymous coins have started to improve recently.
High probability of breaking.
Monero looks like it is about to complete a triple bottom on the hourly timeframe.
MACD is curling upward and I'm expecting a bullish crossover.
RSI is not overbought.
On the larger timeframe, this would be confirmation of a much larger bullish pennant breakout which could actually complete a mega-cup & handle formation.
Target: On the hourly is $297 which...