Monero Holds 0.618 Fibonacci as Rounded Bottom Formation BuildsMonero is maintaining strength above the 0.618 Fibonacci retracement, supported by VWAP SR confluence. This setup increases the probability of a rounded bottom forming for a move into higher resistance levels.
Monero has shown resilience after bouncing from the 0.618 Fibonacci retracement, where VW
Monero (XMR) Rebounds from $255 as Bulls Eye $336XMR price action has been volatile, reclaiming support before rallying into the value area high. After rejection, price corrected, but a bounce from the 0.618 Fibonacci and order block suggests bulls remain in control.
Key Technical Points
- $255 Support Reclaimed: Sparked impulsive rally.
- 0.618
XMR/USDT Technical 1WThe chart shows a rounded bottom pattern, a classic bullish formation that suggests a potential long-term reversal from bearish to bullish.
This pattern typically indicates accumulation, where buyers gradually gain control before a breakout. Price is currently approaching key resistance zones, and a
Monero Rallies from VWAP Support, Eyes Higher Fibonacci Monero has bounced sharply from high-timeframe VWAP support in confluence with the 0.618 retracement. The rally has put XMR back in mid-range consolidation.
After a period of correction, Monero has shown signs of strength by bouncing off strong confluence support. The recovery suggests market parti
XMRUSDT Longs At this moment bitcoin looks good & the altcoins follow the price is currently rejecting the 3 Month Support (3MSR) & the previous weekly closed strong bullish & also CLOSED BACK IN THE RANGE , Considering this is the local bottom , we Can adjust stops to the current weekly low once the candle close
Monero (XMR): Buyers HAVE TO Secure 200EMA | Bullish!Monero is still trading below the 200EMA, which we have been monitoring, as we are waiting for a breakout to happen near this region, which would then give us a good entry for upward movement.
In order to get into trade, we need to see a proper breakout from here so that's what we are waiting for
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.