I'm yet to be convinced that the Monero Cup with Handle has been invalidated as it would seem a small Gartley and some Hidden Bullish Divergence has formed at these highs and may allow XMR to hold the channel. As a result i will be doubling my position but tightening the stop with the same profit target as before and an end of week goal.
Monero is an old-school bastion of anonymity in the crypto world that has survived and is in demand. Because its "friends in the shop" from the first generation of altcoins DASH and ZEC are hopelessly depreciating, although they were once much more popular and expensive than XMR
Sooner or later, the cryptocurrency market will be regulated, and for holders of the...
MONERO has been trading with in a rising wedge from last 3 weeks.
The price has now broken above the wedge
The price is currently trading near the falling horizontal resistance.
The bulls need to break above the horizontal resistance to get complete control.
Manage your trades accordingly.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart. (update)
Entry: market and lower
Target: 165 - 195 - 230
Main target zone: 220 - 250
after first target reached move ur stop to breakeven
Stop: ~99 (depending of ur risk). ALWAYS follow ur RM .
Over the course of 1.5 years, XMR has been trading bearish inside this well-defined bearish channel. All touches on the top resistance have been sold, all touches on the bottom support have been bought.
There's little volatility in XMR ever since the bottom of June 18th (6 months ago), so there's little reason to scout for longer-term entries.
I'm currently in a...
In 4H TF, XMR broke the trendline with a big drop of ~ 10% on . Now it is consolidating right below this trendline.
It's expected that the drop will resume because in higer TF (2D), the volume indicator MFI has just broken its trendline. This means that selling pressure continue to increase.
For this HTF view, please see the below screen-shot:
Past Performance of Monero
Monero plunged 32 percent from H2 2022 highs. However, losses were temporary as prices bounced to spot rates, looking at the performance in the daily chart. Technically, buyers have a chance from a top-down analysis. Notably, XMR has support at around $115, coinciding with the 78.6 percent Fibonacci retracement level of the H2 2022...
The price is testing the dynamic resistance on 0.382 Fibonacci level after the breakout from the dynamic daily resistance
How to approach it?
IF the price is going to grab new liquidity and create a new bearish impulse, According to Plancton's strategy , we can set a nice order
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure...
Hello, welcome to this XMR/USDT 1DAY chart update by CRYPTOSANDERS.
I have tried to bring the best possible outcome to this chart.
Show some support, hit the like button, and follow and comment in the comment section. this motivates me to bring this kind of chart analysis on a regular basis.
CHART ANALYSIS:-Monero (XMR) was closing in on a one-week high on...
Hello, dear traders. how are you ? Today we have a setup to SELL/SHORT the XMR symbol.
For risk management, please don't forget stop loss and capital management
After seeing the first target, save some profit and change the stop to entry
Comment if you have any questions
Greetings citizens of the world
Monero price today is $145 with a 24 hour trading volume of 100 million dollar. XMR price is up 0.7% in the last 24 hours and 7% since last week
Monero is the top privacy centric cryptocurrency based on the CryptoNote protocol, a secure, private and untraceable currency system and after what happened to Tornado cash more "people"...
Could go either way currently we have upside momentum ....... But with alot more indicators factored in the downside 10% is more likely. we may move up a bit more first, so it may be mor like 13% buy the time we reverse.
As always DYOR
big potential zone here tbh also
bouncing off 2019-2020 resistance level
this thing is worth more now than it was in 2019 for obvious reasons
(privacy govmnt narrative) (storeovvaluevsinflationnarrative)
also its a dino coin so serves to show longevity of network existence whihc most projects cant do, makes it more likely to get adopted to a higher valuation...
XMRUSDT has been trading in a ascending triangle. The price is converging. Now price is approaching to upper side of triangle. We are expecting a bullish breakout above the triangle. However, the price is making higher lows but is unable to make higher highs since the appearance of bullish divergence . Indicating converging of price and breakout is near.