XMRUSDT.P trade ideas
Wink for a friendHi,
Here is a possible long trade for XMR on the 4H. Maybe...
An ascending triangle has formed. With a lower highs and nearly flat top.
On the 1H, the RSI is above 50. it has bounce on it recently (06.07.2021, 01h00).
On the 4H, the RSI is also above 50. Relatively neutral. I see higher high and lower high on the RSI (Maybe it is a sign of bullishness)
Stoch is also bullish on the 4H, just cross up.
I think it can be a possibility to buy around the trend line, joining the lows.
This is not financial advise.
XMR volatility coming soon to an exchange near you!
Monero currently in an ascending triangle, given current downtrend the expectation is for this to be a consolidation period before proceeding downwards
Possible upside movement should be accounted for
Either way, wait for a breakout to either side with a safe SL just under broken trendline
Set TP at 50$ deviation from broken trendline (Derived from measuring triangle at widest point)
Next levels - XMRIn Orange ball, untapped supply zone
Grey box, strong resistance,
Black line, descending trendline
🆓Monero (XMR) July-7 #XMR $XMRXMR just broke out of the $220 resistance area and is heading towards the $270 and $360 areas. However, if the selling comes back and makes it lose the $220 area, it will fall back to the $180 zone
📈BUY
🔴Buy : 215-225$. SL if B
🔴Buy : 265-275$ if A. SL if B
📉SELL
🔴Sell : 265-275$. SL if A
🔴Sell : 355-365$. SL if A
♻️BACK-UP
🔵Sell : 215-225$ if B. SL if A
🔵Buy : 176-184$ if A. SL if B
❓Details
🕯Timeframe : 1 Day
📈Red Arrow : Main Direction as BUY and SELL section
📉Blue Arrow : Back-Up Direction as BACK-UP section
🟩Green zone : Support zone as BUY section
🟥Red zone : Resistance zone as SELL section
🅰️A : The Close price of candlestick is Above the zone
🅱️B : The Close price of candlestick is Below the zone
XMRUSDT Might Be at the beginning of an Uptrend @monero
Welcome back Traders, Investors, and Community!
Hi Traders, XMRUSDT has broken above the major Resistance, however the market is ranging now and I guess we would have a retracement at around 199.27 before we start a new uptrend. The price also may go back all the way down to retest the Resistance before it goes up.
⬆️Buy now or Buy at 199.27
⭕️SL @ 182.99
✅TP1 @ 222.66
✅TP2 @ 244.05
✅TP3 @ 274.92
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Have a Profitable Day
💡Don't miss the great buy opportunity in XMRUSD @monero
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (199.27).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XMRUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 46.
Take Profits:
TP1= @ 222.66
TP2= @ 244. 05
TP3= @ 274.92
TP4= @ 307.92
TP5= @ 344.90
SL= Break below S2
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💡Don't miss the great buy opportunity in XMRUSD @monero
Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (199.27).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XMRUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 46.
Take Profits:
TP1= @ 222.66
TP2= @ 244.05
TP3= @ 274.92
TP4= @ 307.92
TP5= @ 344.90
SL= Break below S2
❤️ 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 / Crypto 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/USDT BUY SIGNALCurrently XMR/USDT is presenting an attractive risk/reward opportunity for the short to medium term buy.
Monero Buying OpportunityBuy monero at 75$ target price. dollar cost average after that to get an even lower price as it falls or maybe pumps
ALT Coins Close to Large Bounce MartyBoots here. I have been trading for 14 - 15 years and I am here to share my ideas with you to help the Crypto space.
If ALTs can hold this Level we should see a large bounce
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XMR Analysis of 4y Monero Price Movement and Yearly ExpectationsMonero is probably one of the few old cryptocurrencies that has retained its value in monetary terms, as well have the main old-school function of the crypt - anonymity!
Crypto anarchists who value the anonymity of the crypt, buy XMR and hold for years , and such actions allow the price of XMRUSDT to adequately keep on the global chart.
Today we will look at the XMRUSD chart on a 3D timeframe, touching the previous 4 years of trading and try to look into the future for a year)
In December 2017, the maximum value of Monero was established - $478 . After that, XMR holders had a difficult 3 years (1 year of decline + 2 years of consolidation at the bottom) + 1 year of growth. And now, after +/-1230 days. At the beginning of May 2021, the price of XMRUSDT was able to renew the maximum , setting it at a new level of $519
But literally, a few days later, it became clear that this was just a false breakout of an important level. And already on May 19, when the entire cryptocurrency market was fall, it became clearly visible on the XMRUSD chart at what price XMR investors are ready to buy this asset in addition.
The mirrored level of $115-125 has shown its importance 4 times over the past 4 years. In the fall of May, it was from there that an aggressive buyout took place. The drop of Monero was -75%, which is higher than the average in the crypto market during this period.
However, there is also a positive factor. Today, when the price of BTCUSD is again dropping towards the critical 30K$ and most of the alts are surpassing BTC in the rate of decline, and some are even preparing to renew the minimum of the last month, the price of XMRUSDT is being held with dignity, long-term investors are not selling yet.
What we saw on the chart makes us think and assume that the price of XMRUSD will most likely not fall below the critical zone of $152-162. In this case, a global pattern can be formed on the chart to continue the " Cup with a handle" trend. The upper target of such a figure, after fixing above $500 , will be around $1800 per XMR.
It is also always worth keeping in mind an alternative scenario in case the price of BTCUSDT will drop below $28,000 in the near future and continue to move down, then altcoins will not be able to resist this trend.
In this case, the global zone for buying Monero for the long-term long will be at the range of $50-80
Write in the comments which scenario of price movement you prefer, and what developments you expect.
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We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer - help us to be happier :)
XMR/USDT Getting ready to try for breakout XMR/USDT
Forming head and shoulders can try for upper resistances
liquidity looks good and in our favour
ema and ma can cross bullish soon
you can wait for breakout or buy the support
XMR (Monero) - Trade setupXMR looks weak for now, but after a few hours of consolidation, in case the price crossed and closed above the resistance area, you can open your long positions or do a short-term buy and sell and aim for those two targets I've put on the chart.
The first target is the safe one. The second target needs a way stronger volume which I don't see at least for now.
Current Market Price: $213
Good Luck
Tell me your ideas. Like and Share
🔥 XMR Triangle Break Out SoonOver the course of a week or so, XMR has formed a triangle, clearly visible on the H1 chart. Currently, the price is trading very close to the top resistance of the triangle, potentially breaking out on the top side.
The next move is highly correlated to BTC. We're currently seeing a bullish reversal from BTC, which naturally means that the alts will follow. However, if bears will take over today/tomorrow, expect XMR to fall, potentially fall through the bottom support of the triangle.
Keep an eye on this one. A break out could lead to a massive move in either direction. Always look at BTC as well when trading alts.
Happy trading!
🔥 XMR Fall From ChannelIn my previous XMR signal I argued that XMR was "overbought" compared to BTC and that it had more downward potential.
With the current state of the market, XMR (and most cryptos) seems in a free-fall at the moment. I'm setting my new bearish target around $200.
Always keep a close eye on BTC when trading alts. Happy trading!
Short position in XRMUSDT#XMRUSDT
The stop-loss is calculated based on a fourteen-period ATR with a coefficient of 2.5.
The profit limit is based on Price Action and the existence of a support line on the previous floor.
Find the right entry position in the lower timeframes.
Maximum capital 2 to 5 percent.
Leverage with a maximum coefficient of 10 in isolation.
Do not forget to make a stop-loss.
🔥 XMR Horizontal Channel ContinuedXMR has been trading inside this channel for over two weeks now, ranging between ~230 and ~280. During BTC's fall recently, XMR has been trading relatively steady without losing too much value.
With XMR failing to stay above the 280 resistance, the most recent bearish move from BTC might actually send the price downwards towards the channel support.
Keep a close eye on the 260 support area, which has currently been holding. Always keep an eye on BTC when trading alts.
Happy trading!
