Long XMRmonero broke out of downward trend line. jump on close of daily candle. set your stop loss fasten your seat belt
XMRUSD trade ideas
XMR. Potential to $107 or drop lower?$XMR one of much coins that did not pumped during this mini-altseason.
Forming Falling Wedge.
First Key support hit and price bounced after fakeout.
retesting FW pattern now.
If fail to pass swing high and hold - next support will be $57.262.
XMR/USD: Surprise SurpriseThis should simplify the analysis for everyone. It's my first look at XMR/USD today (ever), and all I can say is that I give it a super-bullish sentiment (check out my other posts, I don't do this often).
All technicals check out: BB, MA, RSI, MACD, PSAR, Candles and even Parabolas . Parabolas are great for revealing trend changes inside a trend flow . Especially in this chart it's clearly visible (marked "bullish signal"). Once a stock exits a 'parabolic resistance' trend line, it follows it (tightly packed) on the outside. This signals an imminent breakout as it sits and loads on top of the 'parabolic support' trend line.
I'm giving it a price target of 170+ by early 2020 (Jan/Feb), the ATL could be cracked by mid 2020 (May/Jul). And once the last resistance has been taken out, there is not much that could hold this down until a theoretical price target of near 3000. This is measured by connecting a trend line from the ATL peak, parallel to the 'lower trend line' (forming a 'channel'). This is obviously still in the stars, but for now let's aim for that ATL.
Monero at supportmonero is a great crypto currency and has great potential for trade right now. because we have a clear downward trend line and also a horizontal support that has a lot of significance. it acted as resistance back in april and it is also the 61.8% fib level from 38.620 bottom to 121.524 top i suggest to buy with one quarter of your capital and put a stop sell order at 65usd price. after breaking up, trail stop-loss until stopping out.
**trail stop loss: move your stop-loss higher as price moves higher.
Monero, some long term stuffI absolutely love this asset because i find it most enjoyable to chart. Here are some arguments for what you're seeing :
1- From the lowest low (dec18) to high (jun19) we just hit 50% retrace and made a bullish harmonic pattern, think about it.
2- Clear sellers exhaustion
3- Rounding action on higher time frames
XMRUSD, Sell on H4.XMRUSD, Sell on H4.
H4:
- Structure: Downtrend
- Tendency: Downward
- Below resistance and EMA
=> Sell
Plan: As picture
XMRUSD : Buy On H4/H1Too much coinciding variables that indicate a long opportunity; first the hidden bullish divergence then the bullish butterfly.
Good luck.
Buy XMRUSD for Massive RR tradeMonero looks to be breaking out of a descending channel. This is a massive RR trade, so position size accordingly. Take partial profits at horizontal lines drawn and keep pushing up the SL after partial profits.
MoneroMonero has made the BAT Harmonic Pattern and is likely to climb up to 61% ($ 75) of Cd line Or up to the previous price tag ($ 79)
XMR long with great reward if break 87$Wait of the 87$ breakout with a daily , if signal confirmation go for a long with targets 123$ and 145$.
Monero Market Structure -BEARISHMonero weekly market structure analysis has downtrend still intact. What looked like a trend reversal proved invalid as Sept 2018 highs failed to be overtaken and the bears maintained control.
