XMRUSD trade ideas
Monero breakout or rejectionHas reached the top of the descending channel after a false breakdown and retest of the $62 level. However price in a descending triangle. but price penetrated the weekly ichimoku cloud and RSI has room to rise.
If price move below $60, it is bearish.
XMR This is starting to show signs of life!This literally has been really stable for a while. The fact that it is holding above the 200 Day EMA is encouraging. As the trading range got squeezed tighter and tigher, it has now starting to show signs of trading higher. the 8D EMA has cut above the 13D EMA. In addition, it has also broke above the downward trendline as depicted above. The break up above 65.00 only meant nore upside is in the pipeline with a target towards 130 in the middle term!
P/S Invest at your own risk! Do your homework!
Monero: Analysis using Ichimoku 17/06/2020H4
At D1, the cloud is directing upward, indicating an uptrend. On H4, the cloud is directing downward, indicating the formation of a correction for D1.
Conclusion:
We recommend buying when the RSI reaches an oversold level on the H4.
H1
At H4, the cloud is directing downward, indicating a downtrend. At H1, the cloud is directing upward, indicating the formation of a correction for H1.
Conclusion:
We recommend selling when the RSI reaches an overbought level on H1.
Good luck!
XMRUSD 4D: strong chart / best level to BUY 100% gainsWhy get subbed to to me on Tradingview?
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XMRUSD 4D: strong chart / best level to BUY 100% gains
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT cause I expect short-term losses
before reversal from my level.
🔸 Summary and potential trade setup
::: XMRUSD 4D chart review
::: strong chart upside possible
::: HOWEVER wait for crypto correction
::: 15%-30% pullback in major coins soon
::: BUY later at discount price
::: details see chart
::: discount level near 50/52
::: BUY/HOLD setup from that level
::: TP bulls 100 90-100% gains
::: recommended strategy: BUY/HOLD
::: swing trade setup do not
::: expect fast gains
::: setup for patient traders only
::: good luck traders
🔸 Supply/Demand Zones
::: fresh demand 17 cents
🔸 Other noteworthy technicals/fundies
::: TD9/Combo update: N/A
::: Sentiment short-term: BEARS
::: Sentiment outlook mid-term: BULLS
THE MOST IMPORTANT CHART FOR MONERO FOR THE LONG TERM!!Monero like LTC and ETH have been inside this channel for over 2 years. Great time to accumulate. Once Monero breaks out off this channel the move will be violent to the upside. really exciting times coming. Happy Trading!!
XMRUSD Swing Trade and targetsCurrent trade for XMRUSD.
Long term trading strategy very profitable. Only long 1800% as compared to buy and hold which is also very profitable 750%.
Net profit shown below is for trading it both way.
Current printed long with XProfit will be fully activated if BTC decides to move up, but as we're facing big resistance, it's not a done deal and most of the crypto asset will react same as btc when traded against USD.
You can join links below or hit me up if you want to give XProfit a try for your long term trading in peace.
Cheers
Major Monero Discounts Could Happen! (XMR)Everything on monero continues to shoot green from the Crossover strategy and the ema dots.
We still sit below a very key level of resistance in an expanding downward channel with lower lows and lower highs being formed. Until an actual breakout you still have no bulls confirmed!
I am a big fan on monero and I personally would love to see it reject off resistance and dump for one more major selloff for unbelievable discounts.
If this happens I will add a large position at the next low or on the Resistance breakout if we decide to push upward.
Best of luck to you all.
🥇MLT | MAJOR LEAGUE TRADER | FULLTIME TRADERS
There is a trading opportunity to buy in XMRUSDMidterm forecast:
While the price is above the support 26.05, beginning of uptrend is expected.
We make sure when the resistance at 68.20 breaks.
If the support at 26.05 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 67.79 on 05/18/2020, so more losses to support(s) 60.05, 54.05, 44.00 and minimum to Major Support (26.05) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 61.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (54.05 to 44.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (54.05)
Ending of entry zone (44.00)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 60.05
TP2= @ 68.20
TP3= @ 82.15
TP4= @ 96.50
TP5= @ 120.95
TP6= @ 137.95
TP7= @ 168.70
TP8= @ 230.10
TP9= @ 298.90
TP10= Free
There is a trading opportunity to buy in XMRUSDMidterm forecast:
While the price is above the support 26.05, beginning of uptrend is expected.
We make sure when the resistance at 68.20 breaks.
If the support at 26.05 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 67.79 on 05/18/2020, so more losses to support(s) 60.05, 54.05, 44.00 and minimum to Major Support (26.05) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 61.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (54.05 to 44.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (54.05)
Ending of entry zone (44.00)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 60.05
TP2= @ 68.20
TP3= @ 82.15
TP4= @ 96.50
TP5= @ 120.95
TP6= @ 137.95
TP7= @ 168.70
TP8= @ 230.10
TP9= @ 298.90
TP10= Free
XMRUSDXMRUSD
✅ 1 - 69.3
✅ 2 - 72.3
Breakdown 59.3, the price may fall below
If you like what I do, put 👍 and subscribe
Waiting for your comment, what do you think about this?
Best fungible coin MONEROThis coin looks ready to double in value.
Capitulation is done and disbelief is coming.
Big opportunity for the next couple of months.
Be safe.
XMRUSD bull flag!XMR USD is in a bullflag and confirmation is breaking $73.02 and closing above. Objective $92.02
Monero looks really goodAnalysis for XMRUSD
Ascending scallops can be seen to be layering on top of each other
Looks nice
Haven't done the diamond patterns in awhile, not quite sure if its one, leave a comment
Very bullish
Privacy Is Shifting. (XMR)I love monero ❤🥇❤🥇❤
True Cryptocurrency that plays a critical role in what it stands for.
💰 Let's check up on the price action of this one.
Wave 1: The selloff, the distribution of coins.
Wave 2: The accumulation of support.
Wave 3: The Resistance for controlled accumulation.
We are squeezing sideways as the pennant pattern is forming.
*As this pattern squeezes we will see a decision in which way the market wants to run on a breakout.
(Similar to how price broke down on btc back in November of 2018)
I'm not saying it will result in same results, I'm showing you how compression decide critical moves for trend changes)
These are key areas where you want to play for a major move.
The full compression of range could be controlled for another 6+ months, our first major sign is aw we see the weekly shoot to hit wave 3.
But one major observation I'd like to notice is what i titled on chart as "Final Shakeout"
That selloff could of been the final selloff in a stop hunt.
It was a major quick crash that scared buyers to force them out of their positions.
That can be called the final capitulation.
You are noticing as prices get low on altcoins they try to flash the market to force the buyers out of their positions.
I believe we could be in very early stage of the major multi year alt cycle.
But I also take into fact that the compression could last another 6+ months if wave 3 can hold.
What we like to look for on longterm entry is a doji compression off S&R Levels for trend change,
So technically this is a late call to buy now.
If you wanted to buy now you would hunt for an edge play in the market to push up to the next level of price in a lower timeframe.
Hope you enjoyed, have a blessed day!
MLT | PRO TRADERS 🥇
XMRUSDXMRUSD, is looking very nice, on the daily Ichimoku chart. Once Chikou-Span leaves the Kumo, and we get a bullish signal, of a TK cross, above the Kumo, I think this will be, a very positive trade. Good luck to you all.
ALT.D / My view on ALTCOIN market. 2020-2025Made a reply in another thread answering my view on altcoins.
Thought I might as well just copy/paste it for reference.
----------------------------
Without any doubts, I buy longterm:
ETH, EOS, (BTC), XMR, XLM, XTZ, XRP
I dont think I need to say anything other than I am 100% in on these.
EOS and XLM still havent really proven themselves. They might die. But I am 100% in anyway.
The others, have already proven a utility function and solved a major technological problem. They will be here for good. I'm putting my money where my opinion is on this. 100% of my liquid assets are crypto now. (I invest in tech companies and own founder stock otherwise, but thats the only other investing I do)
$LINK
I think LINK has potential but it is very inflated and overvalued/hyped right now.
LINK has not actually accomplished much of its blockchain technology claims yet, but it seems like progress is going well, and its supported, etc. so its a good one to add to the list.
It has good business development behind it also, partnering up with many other chains, and companies / agendas.
$ZEC
Some people might also like ZEC. I am on the fence.
$REP $BAT
REP and BAT are interesting as well. Utility usage and found a niche. any altcoin that has not found a 1) valid; 2) usable; and 3) niche - utility - will eventually disappear (go to $0).
$LTC
I'd also say LTC is a valid coin. Its basically bitcoin but faster tx speed, lower tx fees, and not much different from it (LTC is a BTC fork).
$BCH, $BSV/$BC*/etc
BCH is the other bitcoin "alternative" that I think has validity. The others I dont (BSV, BS* etc). However I dont hold BCH because it has a 51% vulnerability that is very very low. It could happen anytime. The only thing keeping it alive is MAD (mutually assured destruction). The miners who have over 65% control of BCH just dont want to nuke their own coin as the scam exit might not be as valuable as continuing to mine it/manipulate it. (ergo: BCH is WAY too centralized).
$OMG $ALGO $DASH
OMG, ALGO, and DASH are interesting to keep a watch on too.
These are basically all the coins on my watchlist.
ETC as well, but I have a love/hate relationship with ETC. I believed in it, and it burned me, so I'm staying away now. I also dont think ETC really matters anymore. ETH won that argument years ago.
ETC doesnt have the ETH dapp chain either. Everyone is using ETH chain not ETC chain.
ETC only exists because some purists cant let go of an old argument that they lost, basically, and I think thats childish and regardless of who is "right" and who is "wrong" (which isnt distinguishable in this case IMO),....let it frikkin go and move on with your life.
#1 "altcoin" ofc is ETH. So much so that I believe before 2021 it will decouple from BTC and have close to (if not more) market share. Its not even really an altcoin anymore. BTC and ETH are "THE COINS".
DISCLAIMER: I an an XMR miner.
However XMR has solved every drawback of BTC and improved upon it 100x.
If technical ability was the value of each coin, XMR would be worth 10 BTC.
I believe, eventually, it will be.
I will not sell a single coin lower than $250 right now, and after 2025 I wont sell a single one under $1k.
If you are interested, watch this:
www.youtube.com
Its long, but watch it in background while you play or work.
Its well worth it.
It literally covers everything about BTC and XMR and future of crypto as valid currency.
Monero Means Money (Monero=XMR). It is going to replace fiat and its already doing it in very niche markets.
