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Monero

Monero Breakout Imminent, $500USD Price TargetHello Traders, Today we will take a look at the weekly chart of Monero (XMR). It is evident that Monero has been underperforming this bull run due to its price action being rather bearish. The one red flag is that time after time Monero continues to be delisted off exchanges due to regulatory concern but, that does not change the stunning privacy technology the coin has to offer. However, I propose to you why a bullish continuation may take Monero to the upside. On the Weekly Candles of XMRUSD, a falling wedge pattern is playing out (measured by weekly candle closes, not wicks.) One of the standard methods of a Falling Wedge Pattern is taking the first Impulse-Up move of the pattern and then measuring it above the upper trend line of where the current price is looking to break Another alternative way to know what to expect for the Falling Wedge Pattern is that the price will eventually meet back of where the top of the wedge was, (both methods also can be applied to rising wedges inversely). Lastly, the Weekly Candle's MACD has been red for too long, it is bound to flip soon and the RSI is looking relatively neutral and receiving a tiny bullish divergence on the Daily. So I strongly believe that by April-May, that $500 is highly likely. Safe trading, -Pulkanator
KRAKEN:XMRUSDLong
by Pulkanatir
XMR - Monero / BTC Showing Signs of Life - Part 215/01/2022 XMR - BTC Since the 2nd it did not follow the path I suggested, but it did retrace as I suggested back to he sweet spot between 23% and 38% fib. On the fib, chose 0% because of the green TD support dots The 7 and 8 TD counts hit a low of 0.004364 and 0.004347 respectively. Then the no.2 TD on the 13th Jan ripped up to 0.005392 for a 23% gain from the low. Today on the 3 count with another 3 hours to go, it could go up from here as it is still early in the count, a hammer candle is forming, but the price action is not deviating much which could indicate indecision. It would be nice to see Monero cross up into the orange 0.005529 Bollinger Band, and crossing up into the red 0.005852 BB would be super! Monero has crossed the green TD support level at 0.005190, and is staying above at this stage. The next level of resistance is at the pink TD resistance dots at 0.005750. If Monero continues to rise, it could top out at the ~0.005600 area, if it does not punch through the resistance. MACD has crossed bullish. SuperGuppy is looking positive Squeeze Momentum is on the second bright green bar Money flow has crossed negative, and showing red, but appears to be forming a higher low PZO/VZO is showing as being overbought, but the volume line is above the price line and they are still in the lower orange zone, and have not entered the red zone as in the previous green TD 8 on the 1st January. Lets see where Monero takes us. Privacy all the way!
XLong
by kryptologic
Monero Daily TA : 01.14.22 : $XMRPossible trend of Monero ... All supports and resistances are marked on the chart. As we can see, the price is in an important range and recommended to keep an eye on it ... Follow our other analysis & Feel free to ask any questions you have, we are here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 14.Jan.22 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
3
XMRUSDT - Key levels are being tested This would be at least the 5th or 6th attempt to test the 176.5 level on Monero. If the price breaks below this key level, the next stop could easily be 124. It will mostly depend on how BTC will do in the next few days. In my opinion, the more times this level is being tested, the more chance we'll have that sooner or later this break will happen, and the fall could be huge. We have bearish movement on most of the timeframes and MACD is also turning red. I'm already short from 188, but with a target of 168 and stop with 197. I know it could turn around and skyrocket back up, but I already made very good gains shorting the market in the past day. Let's see how it goes...
XShort
by tomsabobiz
Watch Monero in the Months AheadInteresting notes on Monero bottoming vs Bitcoin. There is a double bottom which features a higher low. On each bottom, the structure is similar. On first botttom, the time between the initial low, and the last low was 62 days. On the second bottom, the time between the initial low and the last low was 60 days. Also of note, if you zoom way out, these lows of 2021 are still higher than the lows of 2015. In the weeks ahead, let's see how Monero progresses. There is a path for 4 digit Monero in the months ahead. WEF Great Reset positioning for some.
XLong
by Procinctu
Monero/Bitcoin, is this accumulation?I'm an absolute noob, so no idea what I'm doing but wanted to play with the wyckoff schematic. From the tutorials: Springs or shakeouts usually occur late within a TR and allow the stock’s dominant players to make a definitive test of available supply before a markup campaign unfolds. A “spring” takes price below the low of the TR and then reverses to close within the TR; this action allows large interests to mislead the public about the future trend direction and to acquire additional shares at bargain prices. A terminal shakeout at the end of an accumulation TR is like a spring on steroids. Shakeouts may also occur once a price advance has started, with rapid downward movement intended to induce retail traders and investors in long positions to sell their shares to large operators. However, springs and terminal shakeouts are not required elements: Accumulation Schematic 1 depicts a spring, while Accumulation Schematic 2 shows a TR without a spring. Test—Large operators always test the market for supply throughout a TR (e.g., STs and springs) and at key points during a price advance. If considerable supply emerges on a test, the market is often not ready to be marked up. A spring is often followed by one or more tests; a successful test (indicating that further price increases will follow) typically makes a higher low on lesser volume. Again, no idea, I was just looking at the schematic and it reminded me of xmr/btc a bit.
X
by TraderT33
1
Which is the STRONGEST cryptocurrency (this week)?Earlier I took and posted a short trade on Ethereum BITFINEX:ETHUSD . As the trade plays out and I watch other cryptocurrencies in the market there is an interesting divergence. Ethereum is selling off but it remains one of the stronger cryptocurrencies in this pullback by holding its gains. BITFINEX:BTCUSD has retraced the full 50% of yesterday's rally. Cryptocurrencies like Dogecoin BITFINEX:DOGEUSDLONGS are clearly weaker failing to hold the Retracement. Meanwhile some are stronger in the short term like Monero BITFINEX:XMRUSD which have gone on to break the rally high. A good principle is buy strength and sell weakness. This puts you in line with the trend. I would advise checking how your favorite cryptocurrency is handling today's price action.
BITFINEX:ETHUSDShort
by norok
1