As we can see XRMUSDT has been moving in an ascending channel for a month and is not going to slow down. This trend will continue until the price breaks the channel up or down. For now, the price is approaching the support level of $ 450. Since the price bounced off it many times, it is possible that it will rebound even now, but a breakdown of the level is also...
". There is a possibility of temporary retracement to suggested support line (458).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. XMRUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
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Although the historical data is very little on Monero, this simple comparison seeks to compare the Megabull of 2017 against the current 2021 Megabull as seen as the blue fractal on the chart. The idea here...
A comprehensive view of the price action since the low of $24 in MARCH 2020 reflects a MACRO 4th wave completion and the beginning of an extended MACRO 5th wave towards much higher prices in the range of $2000-3000; I have linked my long term analysis Idea of Monero below which you can check out for a more layered appreciation of where price can head which further...
Hi trading view users, in this idea I`ve combined BTC, ETH, LTC, XRP and Monero, each symbol was weighted by marketcap average and divided accordingly, this way if BTC moves like we saw past months will not affect formula too much because is weighted less than ETH for example.
Anyway using this combo formula helps to get a better view than Total Crypto Marketcap...
XMR has been one of the big winners of the last couple of weeks, seeing strong returns when other alts have been lacking.
Currently, XMR is on its way to break through a triangle pattern. For two times the price broke out, but the trend didn't stick. Three times a charm?
Wait for the price to break the top fake-out before entering a trade.
the price is creating another bull flag after a very nice bullish rally. IF the price will have another breakout According to Plancton's strategy (check our Academy), we can set a nice order
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
XMR, a privacy coin has retained its position among the top 30 crypto assets. In the year 2021, XMR has gained 162% till date and still looks bullish at current levels.
On Hourly Time Frame, XMR has been trading in an Ascending Triangle formation and has given a decent breakout.
Key Levels to Watch Out For-
The support to the lower side is present at the...