MONERO XMRUSD Price Action Monero network tansactions have continued to increase since the November. MR has also historically had more transactions per day than ZEC, GRIN, or PIVX, but fewer than DASH.
Fundamentals show active and continued incremental XMR network upgrades over the past two years, including decreased transaction costs, improved transaction efficiency, blockchain pruning, improved privacy, and improved custody solutions.
SHORT TERM LEVEL
Next intra day resistance at 143.75
LONG TERM LEVEL
The cryptocurrency is down 72% from the all-time high of nearly $500, established in December 2017. All eyes over the next year are on the heavy resistance zone of US$150 based on yearly pivots , and psychological round numbers.
Xmr
💡 Don't miss the great buy opportunity in Monero/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0073). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Monero/Bitcoin XMRBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 0.00782
TP2= @ 0.00815
TP3= @ 0.00865
TP4= @ 0.00930
TP5= @ 0.00997
SL= Break below S2
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💡 Don't miss the great buy opportunity in Monero/BitcoinTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.0073). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Monero/Bitcoin XMRBTC is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 0.00782
TP2= @ 0.00815
TP3= @ 0.00865
TP4= @ 0.00930
TP5= @ 0.00997
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
XMRBTCXMRBTC
Buying around 0.00725 - 0.007
1 - 0.00746
2 - 0.00777
3 - 0.00797
Stop, fixing below 0.0069
✅ f you like what I do, put 👍 and subscribe
Waiting for your comment, what do you think about this?
POSS. XMR BREAKOUT! (XMR/USDT)XMR is trying to break out from what appears to be a macro bull flag pattern. If it can hold above the trend line & 200SMA, we could see significant upside and a retest of previous yearly highs.
happy trades ~
CD
DON'T SLEEP ON XMR/USDT!!! Nice Consolidation period...XMR Chart is beautiful right now. We broke back into the ascending channel that XMR has been trading in for months since breaking out from macro downtrend.
It would be nice / easy to assume it will *stay* in the channel, break through recent resistance and move higher... But I have a feeling that with the uncertainty around BTC right now, we may just as easily see another dip down, weeding out the weak hands and allowing for more consolidation before the next move higher. There's a naiiiiice curve forming that I have a feeling we may stay within during this period.
XMR has the advantage of being one of (the?) oldest privacy coins in the market. Like most USD pairs, it generally trends with BTC, and being a large cap, it takes more volume to really move the price, but as we've seen with everything, there have been some really nice upswings that usually easy to spot.
Guys, I like looking at charts, but I'm really not that successful at trading because i tend to overtrade. XMR is one that I find fairly easy to trade, and has been so faithful to it's high-TF patterns that it makes for a great mid-term hold.
DON'T SLEEP ON XMR!!!
Long on XMRChart is looking good. XMR has been a slow and steady performer. Volume is rapidly increasing to new levels.
XMR Monero in the following days, 4hr TF- area to look out for in the following days
- Monero already broke the previous support trendline (not shown on the chart)
- big resistance at around 140 level, top level of a multi-month bullish cup&handle and inverted H&S
- i would say short term bearish (follows the market), long term very bullish
- watch for the breakout, either up or down!
let me know your thoughts!
Good Swing Trading Opportunity for XMR USDTAs we can see from the chart we are seeing perfect example for symmetric triangle. We can expect to see a breakout either upward or downward. Most likely the breakout will be upward since we are on a bull run.
Wait for the breakout to enter the trade, to be safe you can wait for breakout and retrace for entering the trade.
I will share the entry and target once we see the breakout.
Follows us for more swing trading and other crypto ideas.
Thanks
Did CRYPTO party start?🤔Hello, traders💋
This chart should be considered only listening song 🎶🎶The Black Eyed Peas - Let's Get It Started😆😆😆
Those who have been with me for a long time will probably remember this post, then it was hard to believe in a bullish run.
But now everything is obvious, I guess))
Stay in touch with me💋
Always sincere with You🧡
Your Rocket Bomb 🚀💣
If You interested <>👇🏻
If Monero Support Holds, Impulsive Bullish MoveSchiff Pitchfork from previous trend.
Watching for support from the top band
of pitchfork to hold.. if so, taking a bullish position.
Short impulse 'Wave 3' leaves possibility of a long impulse 'Wave 5'. (right?)
On Balance Volume indicates strength for continuation of uptrend..
I like this trade for an approximately 30% win!
$XMRUSD: Long term bullish, but be ready to trade in and out...$XMR suggests it can rally to really lofty levels by March 2022, privacy coins might get a nice boost now, apparently, judging by the $PRIV contract at FTX. Personally, I don't love the reward to risk in these trades, so I'm not in but if you're invested you can get a decent idea of what to expect going forward.
Cheers,
Ivan Labrie.
XMR - Monero ready to make new highs?Monero looks interesting here. Crushed multi-year resistance month ago, retested it this month, and currently trying to overcome $150 level to soar to $200+ after.
I'm spot long and waiting for it to gain a foothold above $200 to open a leverage position.
Information is just for educational purposes, never financial advice. Always do your own research.
Hit the "LIKE" button and follow to support, thanks!
XMR - Monero Major Bull Run, 500 EOY Monero will enter a major chaotic bull run this year to 500. Currently entering a long term price discovery mode, by breaking through the 2 year channel.
XMR/USDT (1D) - Midterm Plan - Accumulation Hi Traders,
Finally got back to trading, and prepared few analysis for you.
As you can see, I expect that Monero finished First impulsive wave and now we are in the middle of Correction = Accumulation phase.
My buy positions are stacked from 120-104 USD (About 8 levels every 2 USD) to get as best price as possible.
In case of 1to1 extension of Wave 3 - Target could be around 210-230 USD... In case You are willing to Hold that long. (Several months). On Short term scale you can follow 4H chart and count partial waves inside of Wave 3.
Good luck and trade safe. BTC is near ATH so anything could happen ;)