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Xmr

#Monero Surges 60% from 2022 Lows, XMR Prices May Retest $180Past Performance of Monero Monero prices are rising with the tide, adding approximately 60 percent from 2022 lows. At spot rates, buyers are in control, and prices are ticking higher in a bullish continuation pattern. Notably, from the daily chart, XMR is up 12 percent in the past trading week after breaking above $130 and May 2022 lows. #Monero Technical Analysis As per the formation in the daily chart, XMR bulls are in control. Following the break above $135 last weekend, the follow-through on July 18 was with rising trading volumes pointing to confidence. As XMR prices edge higher and XMR bars ride the upper BB, every low could provide traders with an opportunity to double down, with the first target being $185, a key reaction point in H2 2022. This preview is valid only if prices hold above $130 and the dynamic support level, the middle BB. What to Expect from #XMR? Monero bulls are edging higher, riding the rising crypto tide favoring bulls. In the daily chart, XMR is above $130, a former resistance level, now support. Monero could soar to retest May 2022 highs if the upside momentum is sustained. Resistance level to watch out for: $185 Support level to watch out for: $130 Disclaimer: Opinions expressed are not investment advice. Do your research.
XLong
by Bitcoin_Analyzer
1
XMR has made a solid break on the weekly XMR has made a solid break on the weekly and looks to add to the momentum coming off the bottom of this massive sell off. The setup is pretty much the same as with JASMY and XTZ. This setup is actually stronger though as it has a weekly high volume (144 period POC) node way above it. Price is attracted to volume more times than not; so this adds to the probabilities of the trade. I good spot to take out some gains is the weekly 21 SMA which currently sits around $180 (roughly +60%) but is declining so you will want to bring that in the longer it takes to get there.
KRAKEN:XMRUSDLong
by HumbleFutures
Monero Long-Term Extremely Bullish (90% Potential Profits)Monero is a classic within the cryptocurrency market and we have a great chart on this pair; Extremely bullish. This is the weekly timeframe for XMRBTC (Monero vs Bitcoin). Notice the triangle, the upper down-trendline has been broken. XMRBTC is trading above EMA50 and EMA100 weekly, this signal here is 7x stronger than on the daily timeframe. The RSI is also really strong while trending higher. The trading volume is stil low... But as the chart is bullish, this is a continuation signal rather than a bearish one. A 90%+ target easily accessible on the chart. Thanks again. If you read through all the articles you are a genius... Namaste.
Long
by MasterAnanda
2
XMR - Has potential to enter the Game?Reasons to take long: ⭐️ Volume appeared ⭐️ Level is 2 months old ⭐️ Level is clean ⭐️ Volume entered the coin ⭐️ Looks stronger than a market ⭐️ Over VWAP Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
XLong
by Artem_Dishel
1
a Massive Bearish Wave is Coming For Monero !Monero is showing Some Signs that It might be It's Downfall and that it's gonna Decrease a lot! SO if you look at the chart You can See that the Price Is in 2 Bearish Patterns! One is a Bearish Pennant and the Other is a Rising wedge Pattern which is also another Bearish Pattern.If XMR would obey the Patterns that It has Created, the Price will Decrease a lot ! So we consider the Pennant Pattern( S1) The Price will be around 65% which is a lot of decreasing! If we consider the Wedge Pattern (S2) The Price will be around 99$ which might be the More Logical Target For Now. But Expect it to be bearish In any Case.This chart and Info are Provided by our Sponsor WHITEBIT Exchange. Please Check their Exchange Using the link down below. -XMR is in 2 Bearish Patterns -Bearish Pennant and Rising Wedge -bearish Pennant Target= 65$ -falling wedge Target=99$ (More Logical) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ Thank you for seeing idea . Have a nice day and Good luck
Short
by CobraVanguard
4
$XMR - Short the week - It should bounce back around $105 *SMT**SMT* = Smart Money Theory = everything you think that is not retail related to trading. First, SMT does not believe that triangles, wedges , trendlines , channels, harmonics, etc. has any effect on how price reacts. I'm Sorry, but you won't convince me that Bitcoin knows it has created a triangle and that it knows how to react from that? It does and will remember price levels, that's it. The second is to recognize that the price is not random, it is set by an algorithm controlled by those that control the asset. The Third thing to remember is price will move toward attacking where there is Liquidity (Equal Highs, Equal Lows, phantom Trendlines etc.) and Balance (Fair Value Gaps, Liquidity Voids.) That's the basics. The rest is very unique in the vocabulary you need to have and the concepts that wrap around these ideas.* As XMR just finished creating the Break of Structure on the low side and came up short of breaking the structure on the high side, it appears that this was just a runned attempt at a bearish order block to be rejected back down into the last 4 hour fair value gap area. I marked the weekly consequential encroachment (Half of the weekly FVG, $121-122) and entered short there....As it's rejected it starts to head toward the bottom of the 4 hour FVG which is also a confluence at the 79-80% which is where most rebounds happen. and that number is 104-105 as an opening. On this one I could go either way but the earlier I enterered the less of % wager I would press and low leverage. The later the stage it gets the later you enter the more you can wager and add leverage. And taking from the smart money playbook the earlier and sharper the price rises during the week , the more it will fall as the week goes on. Low possibly being on Friday or Saturday, looking for it to get around 105 by then. If you watch the analysis week by week, It's an obvious pattern. WEEK 1: WEEK 2: WEEK 3: Current Week: Good luck and happy trading.
Short
by BodiesXWix
2
Monero Weekly (Long-Term)Here we have mutliple years of data for Monero vs Bitcoin (XMRBTC). Let's read the chart. We have a bullish bias based on the fact that a low was set in December 2020 that has never been tested again. We see a consolidation pattern forming, lower highs and higher lows... This will lead to a pressure point where a break will occur. We also have a cup & handle pattern starting around August 2021. And last week prices closed above EMA50. The RSI at 56 is really good on the weekly. Monero is good to buy and hold long-term. A good place to let some crypto-funds rest. This is not financial advice. Thanks a lot for the continued support. Namaste.
Long
by MasterAnanda
XMR - Monero is weak☠️Reasons to take short: ⭐️ Today BTC futures exprire, I expect trend reversal for BTC ⭐️ Trendline 8 days long ⭐️ Trendline is clean ⭐️ Price is squeezing to the trendline ⭐️ 4th touch ⭐️ 22 ATR Will enter when price squeezes to the trendline on 5m timeframe, the base will form and the tape will get faster. If you don't understand the previous sentence, just use swing stop-loss 3-5% Fix profit by parts: 1% - 1/3 2% - 1/3, stoploss to breakeven What's left, hold to the maximum What do you think of this idea? What is your opinion? Share it in the comments📄🖌 If you like the idea, please give it a like. This is the best "Thank you!" for the author 😊 P.S. Always do your own analysis before a trade. Put a stop loss. Fix profit in parts. Withdraw profits in fiat and reward yourself and your loved ones
XShort
by Artem_Dishel
3
XMR/BTC - Previous Resistance Acting as SupportQuick Idea. "Monerun", or coordinated mass withdrawals, clearly hit exchanges where it hurt. Monero quickly began to outperform the market during the week of the event. A retrace is expected, although many thought we would surpass $300 before seeing it, hindsight is 20/20 and it's clear this IS the retrace. This could prove to be a great place to buy in if this previous resistance holds as support. Otherwise, I'd expect a move down to 0.0048. Considering we were < 0.004 at the beginning of the year, I think this all still within healthy bullish macro behavior and monero will end the year strongly.
Long
by chickenboye