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Moneroforecast

XMR 3 Month Heikin Ashi Trend ChartWe have here a trend outlook chart for Monero on a 3 monthly timeframe (Heikin Ashi candlestick chart). XMR is one of a handful of high market cap coins which have showed signs of strength on a variety of indicators (despite high volatility with various other high market cap coins), including the positive MACD and RSI indicators as shown in this chart. In addition, there has been significant buy volume in the 170 - 277 price range, as can be seen in the Price-Volume indicator to the right of the chart, keeping the price up. Monero has withstood the political and economic turmoil in recent months making it a strong contender against some of the largest market cap coins. With the current price sitting at approximately USD$315, there is potential for further upside in the long-term. _____________ This publication and the information contained in it are for educational purposes only, and is not meant to be nor does it constitute financial, investment, trading or other types of advice or recommendations.
KRAKEN:XMRUSD
by PurpleCrypto
#Monero up 47% from 2022 Lows, Primary Support at $135Past Performance of Monero At spot rates, Monero prices flow in favor of sellers. The coin has more than halved from April highs, reading from the XMRUSDT price performance in the daily chart. Albeit expectation of XMR turning the corner in the sessions ahead, traders may liquidate on pullbacks below $155, or last week's highs, targeting immediate support levels marking September 2022 lows. #Monero Technical Analysis The daily chart shows Monero is bearish, and prices are in a descending channel. On the upper end, there are two critical resistance lines at $155 and $165 that buyers must break for the trend to shift. On the lower end, Monero has support at $135, flashing with September 2022 lows and the 50 percent Fibonacci retracement level of the June to August 2022 range. Considering the many points this support line flashes with, XMR prices must trend above it. If not, it may signal weakness, and bears can trade with the emerging trend in a bear breakout, targeting $110 in the medium term. What to Expect from #XMR? Monero is up 47 percent from June 2022 lows but is currently unable to contain bears, evident in the daily chart. For the uptrend to be sustained, XMR must hold above September 2022 lows—or, in the immediate term, reverse and surge above $155. In both cases, the first target will be $165 and August 2022 highs. Resistance level to watch out for: $155 Support level to watch out for: $135 Disclaimer: Opinions expressed are not investment advice. Do your research.
XLong
by Bitcoin_Analyzer
1
XMR (Monero) Coin Analysis 17/03/2021we had Analyzed the Monero Coin earlier and capitalized on it with two Targets: Fundamentals: Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography. The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are. Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship. There are several things that make Monero unique. One of the project’s biggest aims is achieving the greatest level of decentralization possible, meaning that a user doesn’t need to trust anyone else on the network. Privacy is achieved through a few distinctive features. Whereas each Bitcoin in circulation has its own serial number, meaning that cryptocurrency usage can be monitored, XMR is completely fungible. By default, details about senders, recipients and the amount of crypto being transferred are obscured — and Monero advocates says this offers an upper hand over rival privacy coins such as Zcash, which are “selectively transparent.” Obfuscation is achieved through the use of ring signatures. Here, past transaction outputs are picked from the blockchain and act as decoys, meaning that outside observers can’t tell who signed it. If Ian was sending 200 XMR to Susan, this amount could also be split into random chunks to add a further level of difficulty. To ensure that transactions cannot be linked to one another, stealth addresses are created for every single transaction that are only used once. All of these distinctive features have led to XMR being increasingly used for illicit transactions instead of Bitcoin — especially on darknet markets. Governments around the world, especially the U.S., have also offered hundreds of thousands of dollars to anyone who can crack Monero’s code. Seven developers were initially involved in creating Monero — five of whom decided to remain anonymous. There have been rumors that XMR was also invented by Satoshi Nakamoto, the inventor of Bitcoin. XMR’s origins can be traced back to Bytecoin, a privacy-focused and decentralized cryptocurrency that was launched in 2012. Two years later, a member of the Bitcointalk forum — only known as thankfulfortoday — forked BCN’s codebase, and Monero was born. They had suggested “controversial changes” to Bytecoin that others in the community disagreed with and decided to take matters into their own hands. It’s believed that hundreds of developers have contributed to XMR over the years. Technical Analysis: As you can see the price has broken above the Ascending channel and made a new ATH, retested the TOP boundary of the same Parallels Chanel and is on the its Bullish Rally. there exist a Hidden Bullish Divergence of Price with MACD histogram which is the sign of Bullish trend Continuation and it acts as an other confirmation for the Bull Run. we have defined 3 New Targets with Fibonacci Projection where as ALL 3 are to be Achieved while the price may does Correction and Retracements in the Process.
XLong
by BitonGroup
16
XMRUSDT - Key levels are being tested This would be at least the 5th or 6th attempt to test the 176.5 level on Monero. If the price breaks below this key level, the next stop could easily be 124. It will mostly depend on how BTC will do in the next few days. In my opinion, the more times this level is being tested, the more chance we'll have that sooner or later this break will happen, and the fall could be huge. We have bearish movement on most of the timeframes and MACD is also turning red. I'm already short from 188, but with a target of 168 and stop with 197. I know it could turn around and skyrocket back up, but I already made very good gains shorting the market in the past day. Let's see how it goes...
XShort
by tomsabobiz
XMR Analysis of 4y Monero Price Movement and Yearly ExpectationsMonero is probably one of the few old cryptocurrencies that has retained its value in monetary terms, as well have the main old-school function of the crypt - anonymity! Crypto anarchists who value the anonymity of the crypt, buy XMR and hold for years , and such actions allow the price of XMRUSDT to adequately keep on the global chart. Today we will look at the XMRUSD chart on a 3D timeframe, touching the previous 4 years of trading and try to look into the future for a year) In December 2017, the maximum value of Monero was established - $478 . After that, XMR holders had a difficult 3 years (1 year of decline + 2 years of consolidation at the bottom) + 1 year of growth. And now, after +/-1230 days. At the beginning of May 2021, the price of XMRUSDT was able to renew the maximum , setting it at a new level of $519 But literally, a few days later, it became clear that this was just a false breakout of an important level. And already on May 19, when the entire cryptocurrency market was fall, it became clearly visible on the XMRUSD chart at what price XMR investors are ready to buy this asset in addition. The mirrored level of $115-125 has shown its importance 4 times over the past 4 years. In the fall of May, it was from there that an aggressive buyout took place. The drop of Monero was -75%, which is higher than the average in the crypto market during this period. However, there is also a positive factor. Today, when the price of BTCUSD is again dropping towards the critical 30K$ and most of the alts are surpassing BTC in the rate of decline, and some are even preparing to renew the minimum of the last month, the price of XMRUSDT is being held with dignity, long-term investors are not selling yet. What we saw on the chart makes us think and assume that the price of XMRUSD will most likely not fall below the critical zone of $152-162. In this case, a global pattern can be formed on the chart to continue the " Cup with a handle" trend. The upper target of such a figure, after fixing above $500 , will be around $1800 per XMR. It is also always worth keeping in mind an alternative scenario in case the price of BTCUSDT will drop below $28,000 in the near future and continue to move down, then altcoins will not be able to resist this trend. In this case, the global zone for buying Monero for the long-term long will be at the range of $50-80 Write in the comments which scenario of price movement you prefer, and what developments you expect. _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
X
by P_S_trade
31
Monero- Looking to buy for 500 targetThis coin held pretty well during the sell of, and looking on the chart we can see that, after reaching the last ATH's support, it reversed putting in a long tail on the daily candle. More, yesterday the situation is similar, and we gain have a long tail on the daily candle and also a higher low. These are clear indications for me that bulls are still in control and gains should accelerate. As I said, 500usd is my target for Monero and only a decisive dive under 300 would change my bullish bias I'm looking to buy dips
XLong
by Mihai_Iacob
12
XMR - 6h. Sellers are preparing for the test of $120-125On January 10, there was a fierce struggle in the XMR market for the range of $168-172. Volatility that day was rampant and the prospect of continued growth as well. Trading volumes were abnormally high. On this day, the price of XMR fell sharply and hit the mark of $120 in 2 weeks. The new buyer's attack on January 27 looks much weaker. Particularly low volumes near the critical range of $168-172. At the moment, buyers look weak and unable to keep this range. If sellers take control of this range - globally we will expect a repeat test of the range of $120-125. Given the high probability of BTC correction , scenario for continued growth to the mark of $200 is still alternative. It will become the main one after consolidating buyers over $168-172 P.S. Our global idea was to turn around from $ 172.5 _______________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
X
by P_S_trade
5
XMR-4h. The price moves up to $175.Confidence, anonymity and anarchy are the concepts that characterize XMR . The voltage of the whole crypto world does not affect this coin at all. Keeping the bottom trend line on December 21, buyers continued their clear growth trend. It seems that she was chosen to hedge losses. It is the last two 4-hour candles that have abnormally high volumes. This nature of the price movement should end with a test of $175. _________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
X
by P_S_trade
3
XMR-4h. Are buyers ready for the test of $175?The relatively independent XMR coin, which has repeatedly shown its character and continued to grow during the BTC correction, found itself in an interesting situation. From November 26, the price of HMR clearly moved within the white growth channel , well predicting the next local high. However, on December 21, buyers began to be careless with the maintenance of the trend line, as a result, the price repeatedly went beyond it. The last two attempts to test the upper trend line of the white channel on December 23 and 27 were unsuccessfu l. In t he range of $165-170 there was a strong seller, which effectively restrained the growth of the price of XMR. Thus, a triangle was formed, which is more likely to shoot up. The critical point of this scenario is $156. After breaking this mark, sellers will quickly test $144. What can happen next - we will definitely write when this alternative scenario comes into force. _________________________ We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements. Subscribe to us and get daily concise analytics!
XLong
by P_S_trade
6
Monero Technical Analysis - XMRUSD - 31%-404% Profit ExpectedMonero - XMRUSD - Technical Analysis - 31%-404% Profit Expected Don't Miss This Profitable Opportunity ... 4x - 5x Gains Expected. Based on AB=CD pattern , Time Ratio & Gann Analysis, It's a potential long position with great returns :) In a lower time-frame (4hrs) this long position has also been confirmed. Target Profit Range - 51 - 169 (31%-404% Profit Expected) TP - 1 - 51 TP - 2 - 74 TP - 3 - 100 TP - 4 - 124 TP - 5 - 147 TP - 6 - 169 Buying Zone! Long Position Early Entry Trigger Point - 36 - 39 Ideal Entry Trigger Point - 32 - 35 ***If you want to get in this trade from this point 60 you can still make 23% profit till TP2 is reached, however, there is a very high probability that price may continue to move down towards my ideal entry point., It is recommended to enter with a smaller lot size if you want to go long right away & manage your stop loss accordingly. Good Luck.! Disclaimer - This is not financial advice. This is my personal view and analysis of this chart. If you follow this idea please plan your trade according to your lot size and account equity. Don't forget to like, comment & follow , If you agree with my analysis :)
POLONIEX:XMRUSDLong
by Jaffery
XMRUSD formed a bullish BAT upto 119% expectedPriceline of Monero / US Dollar cryptocurrency has formed a bullish BAT pattern and entered in potential reversal zone to hit the sell targets soon insha Allah. This PRZ area should be used as stop loss in case of complete candle stick closes below this zone. Price action is hitting the lower band of bollinger bands after Dec 2018 therefore we can expect a bounce from here, but volume profile is showing still interest of the traders even below the PRZ level and MACD is strong bearish and Stochastic is oversold but in bear cross so for secure trade we should wait for MACD to turn weak bearish or for stochastic to give bull cross then buy from the potential reversal zone. I have used Fibonacci sequence to set the targets: Buy between: 56.193 to 47.953 Sell between: 75.903 to 105.462 Regards, Atif Akbar (moon333)
BITFINEX:XMRUSDLong
by moon333
Monero Analysis: Intraday Timeframe Chart Patterns and Bullish BConclusion for today’s Monero Analysis: Price closing above ~65.518 implies bearish momentum slowing down and a potential change in the trend from bearish to bullish. Monero analysis for today is presented on a 6 hour timeframe. Chart examination is provided from December 2018 to current date. Also included in today’s Monero Analysis is the 200 moving average and 50 moving average used to track price movement and/or trend changes. The period from December 15, 2019 to June 23, 2019 produced an uptrend in Monero that has been followed ever since by down trending price action. Formation of a Head and shoulders top pattern between May 16, 2019 and August 14, 2019, as well as the downward sloping moving averages (200 and 50) provide further evidence for the current bearish trend in Monero. A bearish price channel (not shown here) can also be plotted to capture price action from the June 23, 2019 price peak till date. A break above the upper boundary of the channel could therefore provide confirmation of bullish momentum in Monero. Besides, ~65.518 is indicated on the chart as the price level to pay attention to as price recapturing the aforementioned level does suggest a slowing down of bearish momentum and/or change in the current trend from bearish to bullish.
BITFINEX:XMRUSD
by Coin_Analyst
#XMRUSD (#MONERO) Looking for the next destinationOn the daily chart, we crossed the 200 moving average line which is a positive sign for further gains on the Monro price, you can see that once the price touched a moving average, it fell but immediately Rose and bypassed the old price and this time broke the moving average 200, one more step forward confirming the strength of buyers and the high demand. From the point of view of indicators, we use the Ichimoku and Stochastic Ichimoku-All the positive signs support the continued strengthening of the Monero Stochastic- we are approaching Overbought which means that there could be a correction of the upward movement. If we turn to the weekly chart, there seems to be strong resistance at 80 in the price of the Monroe and on the monthly chart another resistance in the 90. Since all the signs are positive we recommend buying signals in the long term, for those looking to be more active and not stay too long on a long term position can buy Monroe until the price reaches 80 and then turn a position into a sell position Buy Monero: 72.11 Stop Loss: 65 Take Profit: 80
BITFINEX:XMRUSDLong
by xosignals