XMRUSDT HTF LONG / RANGEXMRUSDT HTF LONG / RANGE. Good range, there was a deviation on the bottom, wait for deviation on the top.
XMRUSDT.P trade ideas
Selling pressure initially broke the floorXMR has seen a sharp decline in price over the past few weeks. Selling pressure initially broke the floor of the short-term ascending channel, and the price fell to the support range of $150-157.
With the accurate reaction to this support range and the increase in demand that was created last day, we see a return to the minor resistance level in the range of $167-169. There is potential for Monero to continue to range during this week and next week.
The trend is still in the range in the daily timeframe, and in the 4-hour timeframe, that is, for the medium term, the trend is downward, and until we have a return above the $170 resistance, this trend will not be upward.
With the upward trend, we can expect the price growth to continue up to the resistance of the $190 and $200 range. In the bearish scenario, if we have selling pressure, the second valid support level is considered in the range of $133-141, from which we can also expect a positive reaction.
XMRUSDT (4H) - Bullish reversalHi Traders
XMRUSDT (4H Timeframe)
Waiting for the upward break of the 163.35 resistance level, which will complete a bullish trend reversal pattern to go LONG. Only the downward break of 153.50 would cancel the bullish scenario.
Trade details
Entry: 163.35
Stop loss: 153.50
Take profit 1: 168.90
Take profit 2: 178.30
Score: 7
Strategy: Bullish reversal
XMR - Standing Strong!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on WEEKLY: Left Chart
XMR is overall bullish medium-term and now approaching a support zone so we will be looking for buy setups on lower timeframes.
on H4: Right Chart
XMR formed a channel in red but it is not ready to go yet.
🏹 Trigger => for the bulls to take over, we need a momentum candle close above the last major high in gray.
Meanwhile, until the buy is activated, XMR can still trade lower inside the support zone 140 - 150
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
XMRUSDTXMR is heavy, inside a bearish channel and needs to break 158.3 to get out of it. In its favor, it has the MM200 that serves as a magnet, RSI with exhaustion of selling forces as well.
There was an update on the network and many users were afraid that XMR would lose privacy. This may have shaken the Coin.
Here are the supports and resistances in the 4H:
Main support levels: 151.5 / 142.9
Main Resistance Levels: 158.0 / 164.8
MM200: 170.8
RSI: Exhaustion Selling Forces
xmrusdtIt seems to reach the demand zone. If this demand zone is opened, the next demand zone will be reached.
🔥 XMR Bearish Channel Holding: What's Next?In my most recent XMR analysis I talked about the bearish channel that this token was trading in. Back then, XMR was on the verge of breaking out.
As we know now, the break out failed and didn't occur in the end. No trade has been triggered.
For now, XMR can do two things.
- Fall further, potentially even going back to the lower support of the channel. This would be my absolute worst-case scenario, which would coincide with a new low on BTC.
- Minor rejection from the top resistance and another push up in the near future. This would be my most likely scenario.
Targets in blue are the same as last analysis.
Time to Long XMR !!!XMR gng for testing the descending channel at 4hrs... Which is around 163 area
once broken then can hype till 168 and then retest the support again
i expect a 15 uptrend around like till 188$
plz do your own research
Never a fin Adv.
Thank You
XMR may be setting up for next bull marketSee the details on the chart, after we take out the next high, and the rsi stayin above 50, as the previous bull markets, maybe we get another run up, I expect 1k+ later this year. Where to buy though? Depends, need to still get into HH HLs.
#Monero Slips 20% From January highs, XMR Bears Target $140Past Performance of Monero
After encouraging gains from November 2022, Monero is retracing, finding resistance at around the $170 to $190 zone. It is currently down roughly 20 percent from recent highs. As it is, every high is an unloading opportunity for aggressive traders expecting deeper corrections. Because the drawdown is with rising volume, indicating participation, traders can ride the bear trend with targets at immediate support levels.
#Monero Technical Analysis
From a top-down preview, buyers have a chance to resume the uptrend. However, the failure of bulls to press higher and overcome resistance at $190 hinted at weakness. The follow-through of the bear candlestick of January 30 swung price action to favor sellers. With prices below the middle BB and yesterday's bar being wide-ranging and bearish, XMR may post more losses. As it is, XMR could drop to as low as $140, the 61.8 percent Fibonacci retracement level of the December to February trade range.
What to Expect from #XMR?
Bears are in the driving seat unless there is a bullish bar signaling bulls. Yesterday's bar was bearish and aligned with the lower BB indicating strong bearish pressure. Traders may look to sell, targeting $140 or lower in the days ahead.
Resistance level to watch out for: $170
Support level to watch out for: $140
Disclaimer: Opinions expressed are not investment advice. Do your research.
XMRUSDT | SUPPORT BROKENXMRUSDT on daily time has broken has broken below the rising support.
The bears have taken complete control.
Now the price is trading near the support zone .
Manage your trades accordingly.
XMRUSDT - Crucial pointXMRUSDT - Crucial point
At this very moment XMR is facing the resistance of the median of the Keltner Channel and needs to break through 168.6 , to disfigure the bullish channel that coincides exactly with the median of the Keltner Channel.
With moving averages pointing upwards and a buyer's RSI, I believe that if nothing external influences it will break even today.
On January 31st, getmonero.org underwent maintenance and was offline for a few hours, and this generated a kind of collective panic. But hours later it was back to normal and she recovers easily. Good currency to trade, no big dumps.
Here are the supports and resistances in the 4H:
Key support levels: 163.3 / 159.5 / 155.8
Main Resistance Levels: 168.5 / 171.5 / 182.4
XMRUSDT 4HXMRUSDT
XMR remains within this descending pattern, which is a downtrend characterized by lower lows and lower highs, but if it does not miss the bottom of 163.8 we could see an accumulative triangle formation being formed, with high possibilities of an upside breakout.
No US macroeconomic data to be released this week, it should be a quiet trading week for BTC, putting a brake on dominance and the alts could make a good rally.
Important: You cannot miss the bottom of 163.6
Here are the supports and resistances in the 4H:
Main support levels: 163.6 / 159.5 / 156.4
Main Resistance Levels: 167.4 / 171.5 / 178.9
Lets take a look at XMRI do believe XMR will flip BTC one day. I do appreciate that XMR supports privacy because we support privacy. As we can see we have a Huge Head $ shoulders pattern that has formed. We can see the right shoulder is getting weaker and weaker. Every HL on this right shoulder could be a potential short entry. This is not financial advice
🟢 XMR USDT - 4H (04/02/2023)🟢 XMRUSDT
TF: 4H
Side: Long
TP 1: $174.22
TP 2: $176.67
TP 3: $178.65
Absolute beauty! Gorgeous looking bull flag on the 4H time frame. When this pops its gonna be awesome.
Not using SL as usual on this swing trade so I can DCA and get the best possible entry for my position.
RSI and MACD look ready. LTFs just need to sync up a bit.
Lets take a look at XMRWe actually want to buy BTC to be replaced by XMR. Tell us your thoughts on this. This is not financial advice.
TECHNICAL ANALYSIS is the new KING ok here me out.
i'll go straight to point
this message is for the newbies (oldies gonna hate)
what is pure Minimalist Technical Analysis Trader ( MTAT : i just made this up)
-it is when u leave out all so-called indicators and focus on the chart
-some of these indis are: MACD, RSI, ATR, STOCHT....
-it's when u leave out the FUNDAMENTAL analysis and focus on the chart pattern
- i'm talking here about financial news and garbage flash news
- didn't u sometimes realize that a news come out, but the dollar act contrary to the news it-self?
HOW TO APPLY this MTAT ?
let's be practical, but first u need to watch so many charts until ur eyes pops out (it's a prerequisite).
1- always pick a 4h-time frame chart
2- always brush ur teeth before bed time
3- always look for a bullish pair to trade (this is essential for the plan to succeed)
4- after identifying the bullish pair, start looking for SUpport & Resistance...but never make the chart too complicated, u really need like 2-4 lines drawn only
5- after u draw the S&R lines, look for retracements (the pair is going down slightly)
6- use the FIBONACCI drawing tool and draw from the lowest to highest point (before the retracement)
7- it's best to focus on the 61.8% line
8- look for a confirmation candle:
a- a red Bar, which the low point of it touched (crossed) the 61.8% Fib line
b- followed by a green bar which closed ABOVE THE fib 61.8% line
c- place ur buy trade when the green candle closes
9- how to set your target:
a- use the (-61.8% or -100%) FIb levels
or
b- use the Resistance line u drawn previously
now the question is, do u really need MACD or RSI or STOCH?
of course NO, if you google it, u'll know that these reflects previous price actions? so why use it for FUTURE price actions?
what to do when big news are coming out?
IT WILL ACT ACCORDINGLY THE PREVIOUSLY SET CHART PATTERN...this will never fail you
DO YOU PLACE STOP ORDERS?
NEVER, never put pre-set stop orders,
you should be active on ur screen and wait for the price to fall to the price u set as a stoploss, AND CLOSE TRADE MANUALLY
WHY?, because when we have big news, we have volatility the pair will go up and down so hard to close all stoploss orders
then it will continue to obey the technical chart pattern as a fukn slave!
let's practice:
use the FIB Ret tool:
identify the red and green candle:
place your buy order:
et voila....
#STOP_BEING_POOR
XMRUSDT...freshly baked sh*t ideaBINANCE:XMRUSDT
freshly baked sh*t idea just for the loyal customers of the shop!
look at the chart? what do you see?
do u see a previous uptrend of MONERO? YES
do u see retracement? YES
do u see consolidation? yes i do (stop asking u stupid FUK)
do u see a strong SUPPORT?????????? YESSSSSS
do u see dead people? WTF! yes i do!
look again at the chart and set your targets...i know i did!
#stop_being_poor
DISCLAIMER: this advice will make u poor as FUK
XMR triangle breakoutPlease 1st of all click the boost 🚀 button if you want me to post more ideas and follow me to support my work! It's absolutely for free.
Have this draw for week or so just didn't post but now is the time I guess! Orange trendline added. Monero broke up this triangle 📐 and now still backtesting it's upper edge. I just bought as I think there is chance to reclaim the previously broken triangle lower edge and then the price could surge to 203.5 target and even higher.
ENTRY : local high @ 174.2
STOPLOSS (SL) : local low @ 167.0
TARGET (TP) : height of the triangle projected from midpoint of the local range @ 203.5
REWARD RISK RATIO (RRR) : 4.0
INVALIDATION : when SL level hit
Check my other stuff in related ideas.
Please like👍, comment🗣️, follow me✒️, enjoy📺!
⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
XMRUSDT 4HXMRUSDT 4H
The price is trading inside the bullish channel, it has crossed the Ichimoku cloud downwards but is engulfing and the tendency is to test the cloudiness of the Cloud again. Before that, you can backtrack and find MM100 at 167.9. XMR is a consolidated altcoins in the market, privacy currency and I consider it one of the best to trade.
Here are the supports and resistances in the 1H:
Main support levels : 172.1 / 171.1/ 167.7
Main Resistance Levels: 174.4 / 176.6 / 177.5
XMRUSDT H1Looking at the short-term H1 chart, my overall bias for XMRUSDT is bearish due to the current price being below the Ichimoku cloud, indicating a bear market.
As the RSI shows the exhaustion of selling forces , a limit buy entry at 171.22 where it would make a triple bottom and the support of the lower line of the Keltner Channel .
Key support levels: 171.2 / 166.7
Main Resistance Levels: 175.9 / 179.9
✅RSI: Exhaustion of selling forces.
✅MM200: At the height of 177.3
Channel's floor supportA channel's floor support is in place for Monero, and unless the $164 - $168.5 range is broken, there is potential for a retest of $207.1 resistance. Due to the strong negative reaction that was observed the previous day to the resistance, it is more likely that the trend will range this week.
