#Monero #XMR possible targets for 2021 If the resistance range of $ 160 to $ 180 is broken,
Monero possible targets for 2021 are:
TP1: 285 $
TP2: 500 $
TP3: 850 $
TP4: 1280 $
STOP LOSS: UNDER 116$
XMRUSD trade ideas
Bull flag for XMRUSDI see a bull flag. Wait for a breakout and enter when it does. Remember to adjust your stoploss to ATR SMA 20 every now and then. I am going pretty new to trading just to let you know.
XMR so much confluenceWow don't think I've seen this much confluence on a chart before. Monero looks ready to rocket
XMR potential resistance retestXMR is potentially creating this harmonic pattern. If this is completed we can expect to major channel trend resistance.
Closure above trend resistance would indicate strong bullish continuation.
$148 - 146 are critical support zones. Closure below this area would indicate a downward trend.
Drew some lines inspired by the Bitcoin Rainbow ChartSure, it’s not fancy math, but I was inspired by the well-known BTC rainbow chart. There are similar analyses to the rainbow chart posted here on TradingView. This is my first post so constructive feedback would be appreciated!
Hopefully my sketch is interesting to y’all, fellow XMR hodlrs! To the moon!
XMRUSD Buy SignalPattern: Bullish Megaphone on 1D.
Signal: Buy as the LMACD just formed a Bullish Cross (previously a sign of an upcoming rise within the Megaphone).
Target: 260.00 (just below the 1.5 Fibonacci extension).
Most recent XMRUSD signal:
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Monero- new money maker?New opportunities after a short vacation, wolves🔥
Well..well..well.. today we have a new formation on XMR/USD. Cup and Handle pattern with strong bullish trendline on bigger frame. Everything is like on a book about trading. Lets follow the chart and look for a breakout. Planning to enter into this trade with bigger volume than usual.
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MONERO: THE BIRD ON THE WIREMonero (XMR) looks to be sitting pretty at $141 which is just above its 100 day simple moving average (SMA), now $137.91. The 100 SMA has provided solid support for XMR since it was tested in June 2020. XMR's bullish price trend has seen a series of higher highs and higher lows over the past 6 months.
Monero reached a recent high of $190.22 on 10 January of this year. We have seen a pullback to the 100 SMA after that high. XMR is currently 25.80% off that recent top and therefore looks interesting here.
Furthermore, Stochastics were in the oversold region last week and now appears to be confirming a reverse in trend. MACD looks to be on the cusp of turning positive and the RSI is the final indicator which is improving and at the 48 level, closing in on the 50 level. A cross of the 50 RSI would confirm this bullish set-up.
She is perched on the wire and ready for takeoff. Long XMR since November 2019.
Monero Discounts Incoming! (XMR)Monero has been in a rally for around 300 days.
We brokeout past the recent high of $100 and now I believe we are setting up for a good size pullback.
I have my eyes set on a catch at $100 as a potential major breakout retest, the we will bounce towards the ATH.
My ema dots indicator on the bottom is showing a red dot which is a sign for sell off. The week will close in 1 day which will help me confirm on trend. The candle above is showing compression with sideways movement, with price shifting below the candle.
XMR/USD 1W 💲 XMR/USD
🕔 Mid Term / 3 to 6 months
🛑 Stop loss NOT NEEDED
💵 Recommended Investment : 5% of portfolio
XMR formed Cypher pattern for upto 40.5% bullsih rally
Hi friends, hope you are well, and welcome to the new update on Monero.
On the weekly chart, the price action of the XMR has completed the final leg of bullish Cyhper and entered in the potential reversal zone. The price action is breaking down the 50 simple moving average but we have another good support of 100 SMA below the buying zone.
Possible profit and loss ratio:
This trade has a profit possibility of 40.5%, and the loss possibility is 10%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
For exact buy and sell targets for this trade, and other harmonic trading signals you can join:
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XMRUSD it can be a best opportunity to buy the dipHey friends, hope you are well, and welcome to the new update Monero.
On Feb 9, 2020, I shared the idea where the price action of XMR formed a big bullish BAT on the monthly chart, now the priceline has started to move to the upside and so far it has produced more than a 120% rally.
Pivot support and EMAs:
Now if we take a look at the live monthly chart, then it can be observed that the price action also had pivot 1st support below the potential reversal zone that helped well to the priceline to move up. In this rally, the price action has also crossed up monthly exponential moving averages 10 and 21.
Long-term support and resistance levels:
On the weekly chart, the different long-term support and resistance levels can be seen. The price action of XMR has broken out the $100 and $140 resistance levels and re-testing the $140 as support. The next resistance levels would be $140, $260, $330, and $450.
An up-channel formation:
On the same weekly chart, the price action has formed an-up channel and it is re-testing the support of the channel and weekly EMAs 10 and 21 as well.
Ichimoku cloud:
The price action has already broken out the weekly Ichimoku bearish cloud resistance and now re-testing the conversion and the baseline supports.
Another big bullish BAT:
Now if we take a look at the XMR with Bitcoin pair’s 2-month chart, then the Monero has formed another very big bullish BAT and entered in potential reversal zone. This time we again have pivot 1st support beneath the potential reversal zone.
s3.tradingview.com
Conclusion:
The priceline of Monero is re-testing different support levels therefore the re-testing of these supports would be successful then it will be the best buy the dip opportunity.
Crypto is a complete dud and a shamMonero $20 Psychological target in 1 year. Bitcoin and Altcoins will make people's wives leave them.
L1000X Labs
MONERO DAILY CHART- To look for an opportunity in this currency I would wait for the rectangular area. If the price reaches this area, we will look for signs of a possible turnaround, such as an engulfing candle or a double bottom pattern.
- This area is a good investment opportunity, as we can have a great bullish run if the price goes for its historical highs. If the price turns in this area, we can also cover very easily with a stop losse in break even.
MONERO WEEKLY CHARTXMR has broken the accumulation area where it has been since 2019 with a vertical movement and an increase in volume. We can expect the price in the control zone marked as a rectangle,is an area where a lot of volume has been recorded in recent years according to volume and it is possible that the price will make a pullback to this area looking for such volumes. We can see it on the daily chart.
Nice Long Setup!Monero had a nice bounce off my 0.786 fib level and the daily trend line continues to hold as support. Volume has been steadily increasing and BTC dominance is experiencing some temporary weakness which has seen alts making nice gains.
