XMR is currently experiencing a sideways price action, with a notable strong resistance capping its price movement, preventing it from surpassing the $170 level on the daily timeframe. In light of this, we anticipate a downside momentum to act as a correction leg for the previous bullish trend. Simultaneously, we are closely observing for a potential bearish...
Monero (XMR) technical analysis: Trade setup : Price is in an Uptrend overall. But near-term, after getting rejected at $170 two- or three times, that could signal a Double or Triple Top pattern, which is negative (bearish). Now we wait for price to either 1) break above $170 to signal uptrend continuation, or 2) pullback to $150 level that could serve as an...
Monero bulls defended $152 support- Is $168.8 achievable Strategy Bullish Profit Target 168-172 If Break above 179USD and 3days closing successfull above 179 The strategy turns to Tend Strategy Bullish Risk Management: Proper trailing stop XMR dropped to its previous parallel channel’s mid-level of $152 after BTC retreated to $26K on 28 March. The $152...
According to our current Monero price prediction, the value of Monero is predicted to drop by -2.32% and reach $ 164.17 by July 6, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 59 (Greed). Monero recorded 21/30 (70%) green days with 7.04% price volatility over the last 30 days. Based on our...
Monero is one of the first crypto project which focused on privacy and anonymously. After a big ascent, XMR entered into a long oscillation period in a wide side way channel. Recently, due to the Ripple (XRP) court ruling that caused pump in crypto market, XMR broke the consolidation triangle pattern upward. Could this be the start of an impulse upward wave to the...
Daily Chart Monero's ( BINANCE:XMRUSDT ) pulling back to Support Zone around $155 I expect Monero will go up Swing High at $172 and further at $212 Wait and see the next move
On weekly chart, Monero BINANCE:XMRUSDT is in consolidation phrase. It's trading at $164.8 now I expect Monero will move up to $212 to complete 1.0 Fib Ex and 119.5% from $96.7 Wait and see
Since monero broke it's 164.60 support level on Feb 9th 2023, it has attempted to break this level in March and April and failed. Monero then retested the support level of 137.60 which was formed on December 28th 2022 and has been testing and holding multiple times. Fast forward -for the last 6 days Monero has reformed and has been consolidating and holding the...
There is a lot of bullishness in the XMR chart despite everything that is going along globally with politics and economics. For a long time I have watched XMR with the assumption that it may be forming a massive double top but so far that has not materialized A zoom in onto the handle shows a clear falling wedge which has a bullish bias. There is a double...
Since June 2022 Monero (XMRUSD) has been moving within a sideways channel with a bullish bias, that is, printing higher lows. A year is a very long time in Crypto and what will happen next is something big. This long-term consolidation phase can continue, believe it or not, but it can also break anytime. Once the massive bullish action start, you will wonder...
Over the past month, XMR has been trending downwards, experiencing a moderate level of selling pressure. This led to the breach of its initial support level around $147, and the price subsequently hit the second support level at approximately $136. As anticipated, there was a positive reaction at the second support level, resulting in a 6% increase in XMR's price....
If you haven`t sold XMR here: Then i will remind you that Monero (XMR) has gained popularity for its capacity to enhance user anonymity, making transactions challenging to trace through the utilization of stealth addresses. However, this aligns with a goal that regulators do not necessarily support in the cryptocurrency space. A leaked version of a US draft...
I won't be talking too much about how bullish XMR is currently. But we just went along quite aggressively considering multiple technical aspects of the current price action. The most important is obviously the weekly break and close above the long-term downtrend trendline. Secondly, we have the price hoovering above the 61.8% Fibonacci level for quite some time...
💎 Since #XMRUSDT's bounce and rejection of the 78.6% Fibonacci support, coupled with the uptrend trendline, we're seeing the price gravitate towards that trendline once more. This suggests that buying pressure could be ramping up, opening the door to a significant upside potential. 💎 However, this bullish scenario will hold water only if the $130 psychological...
The bear market bottom was set June 2022 for Monero, XMRUSDT. After this low was hit, we are seeing a long-term recovery phase. We have a strong resistance level around 180. Each time this level is hit it becomes weaker. Monero is on the move again based on this 3D chart. The last two candles closed bullish and the current one is pushing prices above EMA10. ...
In recent weeks, XMR has demonstrated a persistent trend confined within a defined range. Significantly, it has breached its upward trend line, indicating a shift towards a corrective cycle on the daily time frame. Presently, XMR is trading within the $153 range. Notably, transaction volume has experienced a notable decline, falling below the 30-day...
Seems Like Getting ready for Massive Breakout formed Descending Channel In 3 days Timeframe Incase Of Breakout Expecting 180 to 200% bullish Wave
Bearish XABCD pattern. Once this support is broken, we can take an entry @ 157 and have the retracements for our planned take profits as follows: 🚪Entry: 157 💰Trade: Cross 10-15x (2% of capital) ⛔SL: 10-20% 🎯1: 152.91 🎯2: 148.89 🎯3: 144.88 🎯4: 139.16