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Xmrlong

XMRBTC hitting the support of wedge | A good buying opportunityPriceline of Monero / Bitcoin cryptocurrency is moving within a falling wedge and hitting the support of wedge and also hitting the bollinger bands support. Last time when the price action hit the bollinger bands support and wedge's support it produced more than 18% profit. But as the MACD is strong bearish and stochastic is in bear cross so we should wait for stochastic to give bull cross or MACD to turn weak bearish then buy. Volume profile of complete wedge is showing less interest of traders below the wedge's support. I have defined targets using Fibonacci sequence: Sell between: 0.00721235 to 0.00772725 Regards, Atif Akbar (moon333)
Long
by moon333
1
XMR Bear Cycle CompletedWelcome back! Today I wanted to go over one of the large caps because they are the ones that lead the market. XMR is a great long term cycle because it has proven itself with Bitcoins bear cycles previously. I like this set up for a couple reasons... First off, we have a very strong trend that went uber parabolic in the last cycle. This created a 1,3,5 Elliott Wave sequence, and with the breakout of major descending resistance we have now made the first indications that this bear cycle is over. From where were at now, I would expect us to continue higher to my target at $150. I also noticed a pattern thats playing out compared to the last bear cycle that is almost exactly the same. These cycles often repeat the same cycles in different forms but the resemblance is near exact. Will history repeat itself? Only time will tell but, I am bullish.
POLONIEX:XMRUSD
by UnknownUnicorn846565
1
XMR Day TradeWelcome Back! Today I am watching XMR for a potential breakout of a bull pennant. This pattern comes after a breakout of major descending resistance which signals the end of the bear market. Currently prices are tagging resistance of the pennant which is why I am waiting for confirmation one way or the other. For a bull break to occur the best entry will be the retest of resistance now acting as support. Another option I am watching is for price to reject off this resistance and fall back to trending support one last time before a break. Either way I am bullish with how this is accumulating and will be watching for my target to be met. Target-$82
BITFINEX:XMRUSDLong
by UnknownUnicorn846565
XMR/USDT MONERO UPTREND DONT MISS IT EASY PROFIT !!!Hello guys. Welcome to Technical Analysis on MONERO (XMR) which is one of the next big things (not judging by the rumors), but technical and fundamentals. After Zcash it's a second best privacy coin made. We have seen Monero is sidewalking since December, pretty much at the same range (0.0120-0.0135 sats), but since volatile as usual, #XMR will gain masin coming days. Lets rollback at the beginning. Lowest low on XMR was 0.012 BTC/XMR in August, November and December last year. Since than, as per technicals and either TA or FA analysis continually bullish as sidewalking, but keeping the trendline. Judging as per technicals : Weekly oversold, monthly oversold, yearly... :) Stochastic RSI is uprising on weekly /(looking very sharp on daily basis), Daily Stoch RSI on very bottom in front of daily bullish cross. MACD confirms bullish momentum. When talking about fundamentals, there are roomors that privacy coins will be more and more popular in time. Speaking of that and having on mind XMR bulletproof fork which brought siginificant improvements as : To hide the amounts of a transaction one needs to provide commitments to values instead of the values themselves. These commitments need to ensure certain properties, the most important of them being that the sum of the outputs is not larger than the sum of the inputs. In other words, if a transaction has two inputs A and B and two outputs X and Y, we need to show that A+B - (X+Y) >= 0 without revealing any of the values. This is not a very hard problem in principle, but it becomes hard when your system is susceptible to overflowing. This occurs when numbers are stored using a fixed amount of space, and means that if a number becomes too big it will simply disregard the most significant bit. Then, an attacker could choose very large values for X and Y, making A+B - (X+Y) >=0 because overflowing, while in reality A+B - (X+Y) is far less than 0. To overcome the problem above people use range proofs, which basically prove that a commitment correspond to a number in a certain range, but without revealing the number. This way, an attacker cannot use very large numbers. Unfortunately, these range proofs require (if I understand correctly) a separate ring signature for every bit of the number, making them particularly heavy in terms of space. Bulletproofs are a replacement for range proofs that use far less space. I do not have a good understanding of the internals of bulletproofs, so I cannot explain them and this comment However, Zec is a carrier of ZK Snark protocol (Zero Knowledge) it allows anonymity or transparency in the same time/upon users choice (with further network upgrades), but has 100% obfuscation, (as bulletproof fork on XMR, only even better). Speaking of XMR (Monero), JP Morgan refused XMR in favor of ZEC considering it only valuable asset for 100% private transactions. There is a rumor also that ZEC will be @SwissBANK 21.century currency, but its too early to talk about it. I would like to clarify one thing for the people who say " BTC is the KING" and other nonsense stories. Biggest run of XMR was from 87 to 450$. One more important thing to add is that we need to understand where Bitcoin is going in order to understand how altcoins will behave, because i've seen bunch of people posting wishful thinking TA's in order get followers. XMR in the meantime during Bitcoin consolidation and run uptrended for 30% over Bitcoin . That would be 43% nominal USD gain (if you have invested 100$ on btc 4000 XMR current price), you would have 143$ worth of XMR since exponential growth and ratio change. Now, after B is pretty much stable on 5000$ range +, expecting XMR to shoot up as it does making over 100$ per XMR (as making parabolic slope upwards) and makes huge gain. If you find this TA and FA usefull, feel free to press like and follow. Constructive comments are welcome, ideas and every type of criticism of course. Don't hesitate to leave your comment in comment section. Good luck and happy trading :)
Long
by milanjelic
15
Why I bought XMR, update (XMRBTC,XMRUSD,XMRSHORTS)Hello everyone A lot of interesting stuff is going on for XMR, I think that the technical are ideal, this is a perfect opportunity to trade XMR (if you ask me), this is why! XMRUSD -So I was looking at this downwards trendline for quite some time (yellow), finally yesterday we’ve broke that very strong resistance line. This was resistance for over 5 months, the fact that we’ve broken that line is huge! -we’ve also broke an important resistance line at 121, the next resistance we’ve to look at is at 150. I think that we’re going to find some resistance there if volume stays like this. I expect XMR to balance between 121 and 150 before breaking to the upside or downside. In the mean time we’ve got a margin of 30USD to trade with. If we confirm to break 121, than that will be a huge support-line. -rsi is favourable. We’re going to the oversold area but there is still a big margin. RSI is now at 64, we could easily see this rally up to higher levels ( 75-80). -the stochastic RSI has broken again at the upside which means that there is still enough momentum for XMR to go up. XMRBTC -very interesting chart, we can see that we’ve found support at the same support-line for 6 times now. The only way is up here! There is still a lot of margin to outperform BTC for the upcoming days. if we go back down again, then I think that the lowest point we could potentially go is down to the support line.(upwards support-line) XMRUSDSHORTS We can see that there are a lot of people still sceptical about XMR, that’s okay! This is a very good technology and one of the best privacy coins out there! If XMR goes up and the shorters panic, that could give a snowball effect and a lot of people that could cover their losses with buying in! there is plenty enough margin to go here! this is a long-term trade, i don't expect XMR going to the moon today or tommorow, just think this is a very solid technology and i see a lot of potential for this coin! (i'm a long term investor and no financial advisor, do your own research) Love to hear your opinion on this! DM's and comments are always welcome. Leave a like if you appreciated it!
BITFINEX:XMRUSDLong
by cheynos
MONERO: MARKET RECOVERY & LEDGER ADDS SUPPORT - PROFIT = 23.17%!Our "Crypto Bottom" Trade Indicator has correctly identified a buy in point on the 13th of July 2018. Using this buy in point and selling at today's peak price as identified by our NEW "Crypto Peak" Trade Indicator , you would have expected to net 23.17% PROFIT!!! The increase in price may also be explained by positive developments including: June 1: MoneroVision.com , a brand-new open-source Monero block explorer is released.   June 2: CoinGrocer.com , an online store selling 21k + Natural, Organic, Gourmet and Specialty Products is released and accepts Monero.   June 5: Monero CLI v0.12.2.0 "Lithium Luna", which includes full support for the  Nano -2.13%  1.29% Ledger (cold storage cryptocurrency wallet).   June 6: The Waves Platform adds support for Monero. This allows users to deposit, store, trade and withdraw Monero.   June 7: Huobi lists Monero.   June 22: Edge Wallet adds support for Monero.   June 26: Ivan on Tech interviews Riccardo Spagni ( aka 1.55% . fluffypony)  June 28: Trezor announces Monero integration.  July 2: Nanex cryptocurrency exchange lists Monero.  July 3: BitBay (cryptocurrency exchange) lists Monero.  July 12: Monero CLI 0.12.3.0 "Lithium Luna" released  July 13: Abra CEO 1.24% notes "Abra enables purchases of bitcoin -3.83% , ether, litecoin, digibyte, monero and more using your Visa or Mastercard in over 50 countries"  July 17: Kudelski Security audits their Monero's Bulletproof's integration and notes that "only a few minor issues that are trivial to correct, and no major issues."  (NEW) August 9: Ledger Nano S adds support for Monero. The price increase is the result of a recovery in the overall crypto markets and the positive developments highlighted above. ***The "Crypto Bottom Signal" and "Crypto Peak Signal" used in this analysis is included as part of the Crypto Trade Signals subscription (check my signature for further details)***
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by CryptoTradeSignals