XMRUSD trade ideas
💡XMRUSD Second Chance: Profit=449% SL=20% Reward/Risk > 22.5:1Second Chance Trade Setup summary:
Profit targets = 449% = {TP5= 20% + TP6= 37% + TP7= 67% + TP8= 128% + TP9= 197%}
Stop Loss = 20%
Reward/Risk > 22.5 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (100.50) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP5= @ 120.95
TP6= @ 137.95
TP7= @ 168.70
TP8= @ 230.10
TP9= @ 298.90
TP10= Free
SL= Break below 96.50
--------------------------------------------------------------------------------------------------
Current Status of First Buy:
Total Profit: 573%
Closed trade(s): 138% Profit
Open trade(s): 435% Profit
Trade Setup:
We opened 10 BUY trade(s) @ 68.20 based on 'previous Forecast' at 07.09.2020:
Closed Profit:
TP3 @ 82.15 touched at 28.07.2020 with 20% Profit.
TP4 @ 96.50 touched at 06.08.2020 with 41% Profit.
TP5 @ 120.95 touched at 11.10.2020 with 77% Profit.
20% + 41% + 77% = 138%
Open Profit:
Open trade is 128.10(current price) - 68.20(open price) = 87%
5 trade(s) still open, therefore total profit for open trade(s) is 87% x 5 = 435%
Technical analysis:
. XMRUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
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💡XMRUSD Second Chance: Profit=449% SL=20% Reward/Risk > 22.5:1Second Chance Trade Setup summary:
Profit targets = 449% = {TP5= 20% + TP6= 37% + TP7= 67% + TP8= 128% + TP9= 197%}
Stop Loss = 20%
Reward/Risk > 22.5 : 1
New Trading suggestion:
". There is still a possibility of temporary retracement to suggested support line (100.50) again.
if so, traders can set orders based on Price Action and expect to reach short-term targets."
New Take Profits:
TP5= @ 120.95
TP6= @ 137.95
TP7= @ 168.70
TP8= @ 230.10
TP9= @ 298.90
TP10= Free
SL= Break below 96.50
--------------------------------------------------------------------------------------------------
Current Status of First Buy:
Total Profit: 573%
Closed trade(s): 138% Profit
Open trade(s): 435% Profit
Trade Setup:
We opened 10 BUY trade(s) @ 68.20 based on 'previous Forecast' at 07.09.2020:
Closed Profit:
TP3 @ 82.15 touched at 28.07.2020 with 20% Profit.
TP4 @ 96.50 touched at 06.08.2020 with 41% Profit.
TP5 @ 120.95 touched at 11.10.2020 with 77% Profit.
20% + 41% + 77% = 138%
Open Profit:
Open trade is 128.10(current price) - 68.20(open price) = 87%
5 trade(s) still open, therefore total profit for open trade(s) is 87% x 5 = 435%
Technical analysis:
. XMRUSD is in an uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 58.
❤️ 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 you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
$XMR Start of the Bull MarketThis is a swing trade, take notice of how you're looking at almost 2 months of candlestick data. XMR is bouncing in between 2 major monthly support / resistance zones.
September crash in the markets across the board, XMR found it's bottom support at $86 (found on a monthly TF) and since then has been continuously rising until last week when it rejected off of the $130 level. As expected, 1st touch of resistance levels reject 95% of the time, it's very rare for them to just blow through resistance levels.
So by saying that, now XMR looks like it's about to touch the $130 level again and this time it should gain the level as support and head upwards to touch these TP's
1st TP 🎯 $130 (Easy Loot)
2nd TP 🎯 $148
3rd TP 🎯 $165
As always please do your own research, I am not a financial advisor.
XMRUSD Long OpportunityAs we can see, Monero is going to make a reversal after a long downtrend. Price has already rejected our demand and 0.618 fibonacci level. We can also see AB=CD pattern. So what can we expect ? I expect more of a bullish pressure,precisely to our -0.272 fibonacci extension level which nicely fits with a very strong resistance level .
Bearish ABC pattern possible in Monero ?A break down to lower levels to complete the C wave will provide a good buy & hold position. Alternate count suggest a major low was in place 13 March 2020.
Setting up Phoenix 1.119 With Bollinger Bands I Use on My ChartsThis was a quick video to show how I setup my charts recently. I posted this video upon request. PAUSE where needed and rewind if need be.
Happy Trading and Stay Awesome!
David
What is Monero (XMR)? The private digital moneyIn this fundamental analysis. as I did make the analysis bring you the information about Zcash, so, I want to discuss with you about this proyect!!!
1. Monero it's a private digital currency.
2. It's fast, private and secure
3. The amid is leading cryptocurrency enocous on private and censorship resistant transactions
4. Monero transactions are confidential and untraceable
5. Monero is grassroots community attracting the world's best cryptocurrency researchers and engineering talent.
6. Monero is electronic cash that allows fast, inexpensive payments to and from anywhere in the world.
My Personal Opinion:
Monero is a great cryptocurrenc as Zcash. I see that Monero has the old technology than Zcash and so, the only that I like o Zcash that I will going to say it's the kind of team and what Zcash bring us as a good solution of private digital money build for expert of prestigiuous universities on the world. But, in fact, I like and interesting to trade, but not to invest than Zcash, because Zcash has a big difference than Monero about in their philosophy in their goal and mission to become a private decentralized digital money of the future. So, I don't have any words to speak it but this proyect it's so old, but good proyect. I prefer more Zcash!!!
But, if you're interesting in this proyect, I dont have problems because I don't say that this proyect it's bad, but all depending in my criteria and analysis on what I choose. But, in general I like Zcash for many features, kind's team and their philosophy o the goal.
For more resource, please visit the website here: www.getmonero.org
HA Moving Ave with MACD and BBUsing a HA moving average that you'll see below, with a BB and MACD crossover as a trigger. Created one for a Long and Short strategy to be used on a Daily chart only after the trend had been confirmed in the weekly.
//@version=3
strategy("HA & BB Long Strategy", overlay = true)
// === BACKTEST RANGE === //
FromMonth = input(defval = 1, title = "From Month", minval = 1)
FromDay = input(defval = 1, title = "From Day", minval = 1)
FromYear = input(defval = 2020, title = "From Year", minval = 2014)
ToMonth = input(defval = 1, title = "To Month", minval = 1)
ToDay = input(defval = 1, title = "To Day", minval = 1)
ToYear = input(defval = 9999, title = "To Year", minval = 2014)
//// === MACD Settings === ////
MacdSrc = input(close, title="Source")
macdfastLength = input(24, minval=1)
macdslowLength=input(26, minval=1)
macdsignalLength = input(9, minval=1)
fastMA = ema(MacdSrc, macdfastLength)
slowMA = ema(MacdSrc, macdslowLength)
macd = fastMA - slowMA
macdsignal = sma(macd, macdsignalLength)
buyMACD = macd >= macdsignal
sellMACD = macd <= macdsignal
// === Bollinger Band === //
BBsrc = input(open, title = "source")
len = input(4, title = "timeframe / # of period's")
bbbase = ema(BBsrc,len)
evar = (BBsrc - bbbase)*(BBsrc - bbbase)
evar2 = (sum(evar,len))/len
std = sqrt(evar2)
Multiplier = input(1, minval = 0.01, title = "# of STDEV's")
bbupper = bbbase + (Multiplier * std)
bblower = bbbase - (Multiplier * std)
//// ==== Calculation HA Values ==== ////
haopen = 0.0
haclose = ((open + high + low + close)/4)
haopen := na(haopen ) ? (open + close)/2 : (haopen + haclose ) / 2
hahigh = max(high, max(haopen, haclose))
halow = min(low, min(haopen, haclose))
//// === HA MA Variables === ////
haChart1 = ((haclose+haopen+hahigh+halow)/4)
haChart2 = ((haclose+haopen+hahigh+halow)/4)
haChart3 = ((haclose+haopen+hahigh+halow)/4)
haChart4 = ((haclose+haopen+hahigh+halow)/4)
haChart5 = ((haclose+haopen+hahigh+halow)/4)
haChart6 = ((haclose+haopen+hahigh+halow)/4)
haChart7 = ((haclose+haopen+hahigh+halow)/4)
haChart8 = ((haclose+haopen+hahigh+halow)/4)
//// === HA MA === ////
haCloseChart = ((haChart1+haChart2+haChart3+haChart4+haChart5+haChart6+haChart7+haChart8)/8)
//// === HA & MACD Triggers === ////
long = crossunder(haCloseChart, bblower) and bblower < haCloseChart and buyMACD and (time > timestamp(FromYear, FromMonth, FromDay, 00, 00)) and (time < timestamp(ToYear, ToMonth, ToDay, 23, 59))
short = sellMACD and (time > timestamp(FromYear, FromMonth, FromDay, 00, 00)) and (time < timestamp(ToYear, ToMonth, ToDay, 23, 59))
if (long)
strategy.entry("BUY",strategy.long)
if (short)
strategy.close_all(when=short)
plot(haCloseChart, color=red, linewidth=2)
plot(bbupper, color = blue, linewidth = 1, title = "BB Upper band")
plot(bblower, color = blue, linewidth = 1, title = "BB Down band")
$137 last barrier for MoneroIf we close weekly candle above $137 we'll reach to $200 with silver cross
XMRUSD - Brief Pullback to $110 to $115 Price Range PossibleIt appears we may have a brief pullback to the Bollinger Band Basis in the 12h time frame. I'm not seeing this as being a deep pullback with a reversal to long term bear trend. I currently see at least one more 9-Day candle of upward pressure likely to continue. Which is why I draw the conclusion that the price action may pullback only to the Basis in the 12h and turn back up once more to run up to around $150 to 160 price before potential major pullback. This is a SHORT TERM ANALYSIS. This by no means is a Near Term, Mid Term or Long Term Analysis. This is labeled a short position for the SHORT TERM.
'
XMR giving us another chance to buyhas reverted back to the TL, and sell pressure is stalling. very good chance we bounce from here.
break of yellow line is sl.
big buy energy
not financial advice.
stay safe.
Monero XMRUSD Is Approaching 2019 Highs-Resistance?Traders, monero is making a very strong bounce for the last few days, but keep in mind that we can be in a fifth wave here, so do just be carefull and be aware of a potential slow down once wave five makes five subwaves up from Sep low.
Thank you
What about Monero? Huge gains or just another doomed altcoin?On this weekly log chart you can see XMR is now at a crucial point in it's next market cycle.
The red down arrow shows the current point XMR is at compared to the last bull cycle shown by the purple down arrow. As you can see they are at similar points when you compare them on the chart as well as on the LMACD where it rose above the level of 0.095 on the weekly chart and stayed above it till the next ATH.
On the RSI you can see where the lime green line is that if the RSI holds above this level it maintains it's bullish momentum upwards. Will it be the same from where XMR is currently till the next ATH?
The Fibonacci Retracement indicator shows that at the 0.618 level @ $96.52 there was resistance and now XMR has broken above it and heading up to the previous high of $132.27 where XMR should see some resistance again before heading up to the small lime green line @ $157 where some heavier resistance should be met.
XMR also broke above the thick red line @ $105 which had held as resistance since July 2019. The next major resistance is at the next red horizontal line @ $224 as well as the $200 level.
On the daily chart shown below you can see on the LMACD that the 0.095 on the daily time frame shows that XMR can be shorted when it hits this mark and you will make a profit every time if you know when to close the trade and not be greedy. On the RSI it also shows that when it hits 80 it is also a good time to short XMR.
So, XMR should hit the lime green line @ $157 and then retrace back to the red horizontal line @ $105 which should roughly be in line with the RSI and LMACD shorting opportunities when they hit their marks as indicated above on the daily time frame. This pullback should hit the weekly MA 21 or EMA 34 before then moving further up towards the next major red line @ $224.
As a long term stab in the complete dark, XMR may hit 30k if bull run takes till Dec 2023 to peak or 16.5k if the peak is Dec 2022. As it is one of the only true privacy coins going around I can't see XMR going anywhere as it is a useful tool for certain purposes.
Happy trading legends!
HTBB
