A huge drop happened with XMR, below that of the triangle resistance. As marked in red this will temporarily go bullish, going back into the triangle. However if the resistance line isn't broken by the next days the course will fall. All just ideas on my side of course tho
XMR might be going bullish for one last time before it will go very low. The resistance trendline didn't surpass the first big spike. Also a small "staircase" pattern
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (120.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Monero/Euro XMR/EUR in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (120.70). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Monero/Euro (XMR/EUR) in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic...
This pair just completed bullish Gartley, let's try to jump in. Trade set up as shown on chart.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
With possibility for XMR to stay in the channel and bullish divergence on 2H timeframe (see bellow), I'll risk 5% loss with this setup. Targets are temporary and can change a little bit, since Monero may not reach the current low level yet, but are good for start.
Bigger picture:
Bullish divergence on 2H:
Disclaimer: this idea is solely for my own purposes,...
All depends on BTC, but let's prepare for bearish scenario. Idea is to sell the fakeout with 10% stop loss (above previous highs) and first target at previous support at 72.60 and the second one at channel low at 52.30. If XMR won't reach the channel upper line, I'll sell the break bellow 82.00 with the same targets and initially the same stop loss.
Disclaimer:...
Also here bullish harmonic pattern could be formed. Entry point also corresponds to previous two lows. Trade setup as drawn on chart. (fingers_crossed)
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
I will go with breakout with Monero. Entry at 108 with stop loss bellow 0.382 retracement level, main target at 125.5, where 1.618 extension level and previous three tops meet. Depending on conditions, possible mid target is 121, at previous high.
If it won't break out, levels of interest for next entries are at 95, 89 or even 83.
Disclaimer: this idea is solely...
Let's try to set up another trade. Last time Monero was fighting to get above 88.50 level was in November 2017, when it broke out after 2 months sideway movement between 70.00 and 88.00. After the initial break just over 88.50, it retraced back to 38.2% Fib level and then shoot back. if also in this case history will repeat, I expect Monero to come back to 85.00...
If BTC will be able to rise, we can expect also his relatives to join the ride. For XMR I will set up a simple trade with small loss.
- entry: 76.70
- stop loss: 75.00
- target: 88.40
Zoomed out chart for better overview:
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
I canceled the last trade a little bit too soon. If I would step into, I'd reach target 1 at 118 (7% gain). But OK, let's try another one.
There is uptrend channel forming on 4H chart and point of interest would be on intersection of bottom of this channel and the middle of the bigger downtrend channel (marked green).
I'll wait for waters to clear up before set...
Technical analysis:
. MONERO/EURO is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of...
Technical analysis:
. MONERO/EURO is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of...
I'll wait for entry on pullback to 110, target 1 at 118, target 2 at 127.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
