Monero is up +36% from last swing low, now making correction to previous swing and I am expecting price to reach zone of 240 before breaking down towards 210-s
Best regards
Artem Shevelev
XMRUSD
After reaching the 100.00 level the price got rejected and formed a head and shoulder pattern has formed. 98.415 is a major resistance level for the bull
Right shoulder was formed on September 01 and felled up to 74.400 level which is a low volume area and bounced back. And formed series of HH HL HH HL in rising channel. As we see the bull has losing its...
The formation of Wedge:
On the long term weekly chart the Monero has started the formation of a wedge pattern. Since then it has been nicely hitting the support and resistance levels of this wedge pattern. At this time it can be easily observed that after the drop of March 2020 even though the price action has hit the spike beyond the support but finally it is...
21 minutes ago
Priceline of Monero / US Dollar cryptocurrency has formed bullish Shark pattern and entered the potential reversal zone.
This PRZ area should be used as stop loss point in case of complete candle stick closes below this zone.
I have used Fibonacci sequence to set the targets:
Buy between: 62.106 to 61.143
Sell between: 63.099 to...
Hello everyone
A lot of interesting stuff is going on for XMR, I think that the technical are ideal, this is a perfect opportunity to trade XMR (if you ask me), this is why!
XMRUSD
-So I was looking at this downwards trendline for quite some time (yellow), finally yesterday we’ve broke that very strong resistance line. This was resistance for over 5 months,...
Monero is on a downwards trend for the moment, however a reversal is just around the corner based on TA. Also, Fibonacci retracement shows a perfect match in the past, showing that the swings between the 2 support and resistance lines were indeed a valid trend.
For the moment, XMR is testing the support, if it breaks it, it might continue to go down, but it wont...
The trade setup that I suggested yesterday, didn't work out exactly as I expected, but that's just the part of trading.
I am suggesting to have another go to short XMR now and target 350, 320 and even 300 USD mark.
If this doesn't happen then I would stay off this pair for a while.
Daily and 4HR chart stochastics bearish with a clear double tops on both time frames.
20 period MA key and if there is a break below the 20 Period MA, then immediate bear target is at $137.
Bear break out below the support trend line of that wedge.
Trade as follows:
Sell at $85 and aim at $60 as your take profit. Stop loss above $90
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Read and comment. Let me know your thoughts guys.
