Monero StrongMOnero moves strongly in an upward trend. Technical indicators confirm the price action. Next resistance level is $78Longby forex-academy6
Ledger Issues Warning by Monero Developers App Bug for Ledger Monero (XMR) developers have fixed a bug involving cryptocurrency hardware wallet Ledger that created user funds seem like they’d disappeared, they confirmed on social media on 8th April. Reported in early March, the bug, that Ledger originally thought to be a synchronization problem, first came to light when a user’s balance failed to react to an incoming transaction. The problem solely affected those using Ledger Nano S devices to access their XMR wallet. As of in the week, the problem has formally been resolved through the issuing of a patch from Monero developers luigi1111 and stoffu. The amount thought to be lost within the initial red flag dealings totaled 1,680 XMR (around $115,00), leading to concerns of a major flaw. In the end, Monero says, the number of wallets involved was minimal. “A few weeks ago some Ledger Monero users got affected by a bug in the Ledger Monero code. Due to the bug, a handful of transactions were erroneously constructed and the wallet was not able to spot (and subsequently credit) the change, thereby letting the user believe their funds were lost,” a summary of the fix on Reddit now reads. The summary continues: “Fortunately, we were, in collaboration with the Ledger team, able to resolve this bug and recover the ‘lost’ funds of the affected users.” The summary adds “This, hopefully, will ensure no such bugs will be present in the future.” Monero may be a privacy-focused altcoin that presently occupies 13th place in the high twenty cryptocurrencies by market cap. Its anonymity options have created it a favorite for those involved regarding privacy, however, have additionally endeared it to cybercriminals, who developed malware to mine it covertly on user devices. Last week, XMR.to, a service that allowed Bitcoin (BTC) users to extend the privacy of their own transactions using XMR, removed support for U.S. residents due to regulatory compliance difficulties.Xby TheCoinRepublic1
XMRUSD - short-term reverse zoneAs we can see after reaching second target of AB=CD at 61,8% Fibonacci retracement of AD around 100$, we are facing short-term downtrend. So it is time to identify possible local minimum or reverse zone. Take a look at last downtrend movement. If we create Fibonacci extension of this movement we can see possible support at point 2. This point is also crossed by support line of bullish flag. Also our first possible local minimum point can be value of 63$. Long-term horizontal support line is around 60$. There is a small chance to reach lower minimum in short-term point of view. RSI created minimum in oversold zone around 15 points - the same movement as the last time.Longby Kryptotrejder1
$XMR - Expect a 20% drop to the channel floorThe blue channel's median line offered support 3 times (green arrows), but now it appears to be broken. Further the ABC correction appears to be still in play within the red downward channel RSI dropped below 50 again! Targets are either the greenbox which is the blue channel floor and 0.5 fib retracement OR bluebox which is red channel bottom and 0.618 FibShortby imkeshavUpdated 669
make decision after 60 dollarmake decision after 60 dollar (after complete Wave C go buy ) Shortby AminSabaghi4
Sell Chanceentry to sell = if the blue zone is broken down tp is shown in fig sl = above the blue zone ....... To receive notifications of entry to the position, join my channel : t.meShortby Eldorado_landUpdated 116
Monero Price Analysis XMR / USD: Bears WinningThe technicals for Monero are mostly bearish at the moment, with a number of patterns suggesting that the XMR / USD pair remains vulnerable to further losses while trading below the $88.00 level. In the near-term, a breakout from the $74.50 to $88.00 levels will almost certainly determine the next strong directional move in the cryptocurrency. After peaking around the $120.00 level on June 23rd this year Monero has subsequently seen a bearish shift, with the cryptocurrency sold hard on rallies back towards the $100.00 level. The four-hour time frame now depicts a complex bearish head and shoulders pattern in play, with the $58.00 level the overall downside target. The daily time frame also shows that major trendline support is located at the $58.00 level, which further underscores the importance of this key technical area which may soon start to come into focus. The XMR / USD pair’s 200-day moving average is currently located at the $74.50 level, which is a key technical area that bulls have been defending since the rapid decline from the $120.00 level. We should expect technical selling to increase if we see a sustained breach of the 200-day moving average over the coming sessions. According to the latest sentiment data from TheTIE.io, the short-term sentiment towards Monero is currently slightly positive, at 51.10 %, while the overall long-term sentiment towards the cryptocurrency is bearish, at 29.00%. XMR / USD H4 Chart by TradingView Upside Potential The four-hour time frame is showing that if bulls break above the $91.00 level, the August 8th swing-high, around the $98.00 level will offer the strongest form of technical resistance. The mentioned time frame currently shows four lower price highs, making a break above the most recent swing-high, at $91.00, technically very important. The daily time frame highlights that the XMR / USD is trading below the 50-day moving average, at $87.00, but above its 200-day moving average, which is found at the $74.50 level. Downside Potential The downside potential for the XMR / USD pair is likely to accelerate if we see the $74.50 support level broken, leaving the July 17th swing-low, at $71.20, the most important support area to watch prior to the $65.00 level. The RSI indicator on the daily time is trading around $48.00, and highlights that the XMR / USD pair is still not yet oversold and certainly has plenty of downside potential if we start to see sustained weakness below the $74.50 level. Summary Monero has significant downside potential if we start to see price break below the $74.50 level. The bearish pattern on the four-hour time frame is pointing to a possible move toward the $58.00 level. Overall, the short-term technicals are still very bearish, traders should be on guard for a potential medium-term bearish shift, if we see a move below the XMR / USD pair’s 200-day moving average. Shortby CryptoBriefingTA2
XMR/USD - Bigger Correction In Progress??Hello traders, It seems as though we are heading towards a more complex correction. We will likely make a triple flat correction combined to make one big complex pattern before we either break down to make a new low or correct the complex flat and reverse into an uptrend. Either way, we will have to re-evaluate the price action as time goes by. If you would like me to forecast a specific pair that I have not covered, feel free to comment it down below! Please don’t forget to like & follow. Thank you, Good luckby finsIe10
XMRUSD has formed bullish shark | Upto 24% profit potentialPriceline of Monero / US Dollar has formed bullish shark and entered in potential reversal zone. RSI is oversold. Stochastic has given bull cross. I have used Fibonacci sequence to set the targets as below: Buy between: 79.020 to 74.088 Sell between: 83.276 to 92.993 Regards, Atif Akbar (moon333) Longby moon333Updated 4