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Monero

XMR - privacy vastly underrated !!!Privacy is still very underrated in this growingly hyper transparent financial landscape ! MONERO is still the best and most well known privacy coin in the digital asset world. Many people hove avoided this type of coins because of the impending danger of regulations. However, there is a case to be made that such a coin will not only survive but thrive in an adverse surveillance type world... In any case, XMR has a very good use case and has a place in every well balanced digital asset portfolio. During the bear market it has lost 90% of its value relative to Bitcoin. And besides the fact that in USD terms it has already touched its ATH ... relative to Bitcoin it is still down 80% from its ATH !! In the upcoming Altseason it could be a top performer. Like most Altcoins it has found its bottom in January 21. Since then it has outperformed Bitoin by 3 measures and has now cooled down a bit, finding a very good support at 0.006 btc (or 1/167th of a Bitcoin). Sitting at support it is also drawing a right shoulder of an inverse H&S formation (similarly to it prior bull run in 2017). Some experts have argued that MONERO could one day become at least as valuable as Bitcoin !! (from the supply angle it is more scarce than Bitcoin). That is why I believe XMR Monero has a lot a potential in this pending Alt Bull Run !!
Long
by Dangermousebanana
5
Daily Monero Anlysis. Bullish!Chart Overview * Binance: XMR/BTC * Daily Chart * Reducing / Falling Wedge chart pattern Analysis Monero is forming this bullish chart pattern, with many contact points (four significant touches on the resistance or upper line and three on the support or lower line). The multiple contacts adds credence to this chart pattern, most likely result is a bullish upswing. Conclussion The pattern may take until the end of the week to fulfill it's bullish price move, also things to consider is bitcoin could very possibly go on a strong rally which would delay the price move or even make the price drop slightly below the pattern before reversing. Target * 0.007887 DISCLAIMER: NOT professional advice, please do your own research before investing.
XLong
by cmpkpersonal
XMRUSDT🌟this alt has a great potential to give profit to holders 🌟if you take a good look at its fluctuations you will find out the sequence is repeating itself and therefore you can follow the rhythm of the chart 👉This idea has the confirmation of "advanced price action" 👍 👉For more information don't be shy and get in private chat of trading view 👍 👉Hit share and spread the information in public chats or your twitter for everybody to get profit 👍
XLong
by the-crypto-analyzer
Monero is sitting at a pivotal point!Chart Overview *XMR/BTC WEEKLY *Parallel channel *Support Points (Green arrows and white horizontal line) *Resistance Points (Red arrows and white horizontal line) Analysis From the point of writing, Monero has increased 24% in the last 7 days (compared to USD). Also Monero is finding a lot of support at the white line (0.6103). Monero fell closed last week below this point, if Monero closes above 0.6103 this is a bullish sign. Conclussion Monero has been in a downward parallel channel since August 2018. There are signs of strong support being established and this could create a good platform to spring out into a strong bullish run. What do you guys think, bullish or bearish? *Disclaimer: NOT professional advice
XLong
by cmpkpersonal
Monero and ETH - The TrendlineA new trendline can be drawn due to the recent bull rise in price, this includes the start of the initial bullrun, the middle of the bear market, and to right now. A common theme between ETH and Monero A triangle can be drawn from the start of the initial bullrun to the trendline, and also another triangle can be drawn from the start of this bullrun to the trendline Following this triangle the climb above started a ravenous bullrun in the initial scenario, is this going to occur again? I am just observing and maybe have my charts skewed by the log scale but it does seem like a long term trendline any feedback / personal observations would be nice Bix
KRAKEN:ETHUSDLong
by Bixley
New Week for Bitcoin, More blood on the way? (BTC | CRYPTO)I hope everybody is having a good Monday and finished last week off with some good profits from the markets. This is an update on the crypto markets for the weekly and 3 day time frames. I have my eyes set to load up on zcash, dash, monero, aeon on this pullback. The weekly and 3 day continue to close red as we now begin to try and crack a recent structural low. I'm staying patient and letting the trend come to me. I continue to sit on the sidelines. Take care, enjoy the video.
BITSTAMP:BTCUSDShort
by UnknownUnicorn2319099
2
Head and Shoulders formation on MoneroXMR is one of my favorite projects and so I kinda feel bad shorting it but there is no virtue in losing money in the market as a trader. Often on charting you can look left to right to see what is going on but to get the best understanding I am going to go through how this chart actually developed so you can see it as I do. The purple trendline has been on my radar for literally years and I was very excited to see it turn into support in early 2021. From there rather than develop a bullish pattern I see instead a bearish pattern develop, a massive seven month long head and shoulders and I see that purple line has roughly failed as support. Given my overall sentiment that crypto is bearish I am looking to short. The Fibs set up my target setting from the a low on a rough neckline to the top of the head. There is a lot of wicking going on and so if price action breaks down and then has a relief rally a truer look at what the neckline was may be determined by the peak of that relief rally. Next up is some volume analysis to verify the fib target. I chose just before the formation of the purple trendline. Picking the Volume profile is bit of an art and that worked for me. This visible range lets us see the 1.618 is at a high volume node. Given the low volume node right below it we have to possible scenarios either we consolidate there, get above the Upper Value Area and probably set a new all time high, or we progress to the high volume node at around $50. A look at the moving averages shows that the $100 target is at the 300 week SMA, not a traditional SMA target. At that time frame and length the 300SMA is basically the 300 EMA as well. A look at the Monthly Keltner channel suggest that we could get really close to $70 by the time this bear market is over. That would make this whole formation a massive consolidation channel. Here is the formation I am using for my short entry. At 189 my margin sell order at 188 will be placed on the books. After that I will look at setting my take profit and stop losses.
POLONIEX:XMRUSDShort
by This_Guhy
4
XMRUSD analysis (request for jreback)This was more of a request from another member @jreback Just to be clear I'm not trading this market right now. First thing I see is the ascending wedge that formed back at the start of July, this is one of the only types of Break out patterns I trade to the Upside as it generally offers great Risk to Reward and fast price action with very little market structure to clear to the left. How ever the failure on the squeeze saw selling pressure take over and win this battle so more downside coming. Current market structure is a slow bleed as we find new lows, the support level marked is formed from structure back on the uptrend a few months ago. One thing i noticed is the large volume spike over the last few days didnt really have the price action you woul expect and noticing 5 short candles with large wicks to the upside tells me a lot of that volume spiking is sellers pushing price down as there is obviously a large supply at that level. Im assuming this may continue to bleed lower over the next week or so and would look for a new reaction on the candles when coming to that support level around 171. Watch those 2 small circle areas from the lower support of this range, an early break could see a much faster drop imo.
XShort
by DeNomics
Monero at exciting levelsMonero is at some very exciting levels. Fundamentally it is off the ATH quite a bit and if you are into buying and stacking in cold storage, it can be a great level if you are a believer. As a trade, it is at an exciting and also psychological level of $200. Some people want to play it short, that makes sense looking at the technical analysis and breaking below 200. However once you mix it with the fundamental analysis, personal belief in the coin, the project behind it, the huge community it has, all indicators are shouting BUY. That is not to say it can't go lower, be careful if it breaks and have stop losses in place. As a personal long term play, I am adding more Monero to my portfolio and if it drops I will add more. As a trade, I am waiting for it to break up and will open a long term trade with tight stop losses, moving the SL up to the entry position once it goes up, then letting the winner run and looking at the technicals when to take profit and look for new positions to enter. Good luck :)
BITFINEX:XMRUSDLong
by Atlas-Horizon