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...
◳◱ A Resistance Breakout and Confirmation has been detected on the OMXSTO:XMR / CRYPTOCAP:BTC chart. The price has broken above a key resistance level and has been confirmed by a strong candle, indicating a potential bullish trend. The next resistance key levels are located at 0.00561 | 0.00586 | 0.006553, and the major support zones can be found at 0.004917 |...
Monero (XMR) 1w Long Term Analysis 1w charts XMR/USD 1w XMR/BTC 1w XMR Dominance
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. ...
Both 2022 and 2023 have been challenging for crypto. But there is a bastion of stability in XMR. You can see in this chart how stable that coin is (no pun intented) vs the volatility of the rest of the crypto space. Whilst BTC recovered and so did the other major cryptocurrencies they are still hugely susceptible to volatility. Monero on the other hand enjoys a...
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 $153 range. Notably, transaction volume has experienced a notable decline, falling below the 30-day...
Not a bad entry point XMRBTC Weekly RSI : weekly div + oversold Stock : Accumulation Monthly Falling wedge that aim a double top (0,03) RSI : huge support but need to be defended until monthly closure Stock : Distribution XMRUSD Cup and handle that aim 800 - 1000$ (16-21B$ mcap) Weekly Retest of the recent breakout + on a yearly support RSI : On a...
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
After an expected pullback, we are re-entering the XMRUSDT long as it offers a much better risk/reward opportunity.
XMRBTC - If you are waiting for the backtest of that massive breakout, you may not get the chance for it. Last cycle it ran 1500% against BTC before officially backtesting the break. Cheers,
Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the XMR symbol. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
XMR has rejected the uptrend trendline, after which the price has produced a new higher hight. This by itself is a bullish sign, but we must not forget about the potential Head and Shoulders reversal pattern, which is also taking place.