Monero has been green 6 weeks straight.
Only 1 red week within an 11 weeks period.
The slow rise started after the June 2022 low but bullish momentum has been building up since early November.
Currently, XRMUSDT is trading and growing above EMA50 weekly with a very strong RSI.
Everything is flashing, "Warning, sudden growth imminent!".
We are looking at 80%...
Over the last few months I made a couple analyses on XMR and the channel it was trading in. In my last analysis I expected XMR to move towards the top of the channel, and potentially break out of it.
As of now, XMR is on the verge of breaking out. A patient trader will wait for confirmation on the 3-day or weekly chart.
In case of a break out, I'm looking at...
XMR is a privacy coin and has its own whales who are not really interested in what happens to BITCOIN as it has it own uses.
Recently, its MACD came above the avg line and looking to go higher to make a bearish cross later in the year... we do not know how long can it go. But we have a near (highly probable) target (200$ - 205$) in our sight.
Entry can be...
Some weeks ago I made an analysis on XMR and the bearish channel it was trading in. My main point was to wait for a break of either of the dotted yellow lines for either a bearish or bullish confirmation. Now that the price has successfully broken the top yellow resistance, I'm looking for more short term bullishness for XMR.
Main target for the near-term is...
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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: ~115 (depending of ur risk). ALWAYS follow ur RM .
XMR is facing the cloudiness of the Ichimoku cloud and passing through it must go to the upper edge of the triangular wedge imposed by the 1H time frame, in this pass it can retreat to the lower and then pull back. positive prognosis, as XMR is the most popular privacy coin. The $173.3 region where the MM100 sits is also a powerful support should there be a larger...
XMR continued its upward trend over the past weeks, and according to the previous analysis, its price growth increased just after breaking any resistance, turning that level into support. Monero still has bullish momentum, and if it breaks the current resistance in the $172 - $178 range, it could rise to the top of the main descending channel. Note that the...
After a long time analyzing this coin, and having seen bullish potential in 2016-2017 and price stabilized since then, perhaps monero will gain investor confidence and may have a rally soon. Will privacy be the way in this world where we are politically chaotic? Who knows... make your reservations carefully.
12 Jun 2022: Price Dropped Down To $96.70
16 Aug 2022: Price Rose To $174.2 (+80% Increase in 2 Months)
Since 16 Aug 2022, we have been in this specific downtrend channel.
Closing the weekly candle above $153.10 would signify a new previous high and/or possible reversal.
Possible Resistance/Support Zones #1-4 Drawn Out. Higher # Zone = Higher Probability/Strength...
monero great and safe to now
all market big crash but monero can save own
you reserch fundmental bt thi is safe
cant got big profit but can hodl fro save your money better of others
you see channel and this channel is correct more time reaction to middle channel. now break mid and market gain back and BTC drop this on bd time bck to middle channel not...
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...
We have Hidden Bullish Divergence at the neckline of what appears to be a Bearish Head and Shoulders, XMR has been quite Bullish though and is still in the process of completing a Bullish BAMM so this may be a nice time to counter the Head and Shoulders Pattern and go for the 1.272 ABCD Completion.
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.
XMRUSDT (1H Timeframe)
The market is in an uptrend, and we are waiting for an entry signal to go LONG above the 186.58 resistance level. Only the downward break of 182.20 would cancel the bullish scenario.
Stop loss: 182.20
Take profit 1: 189.20
Take profit 2: 193.55
Strategy: Bullish breakout