✴️ Monero Year Long Consolidation Phase | Think Long-TermSince 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 "Why didn't I jump in in 2023?".
You will be thinking, "I saw it, it was trading at bottom prices forever and I just ignored it...", not only about Monero but about most Cryptos, that's how market psychology works.
When the time to buy is right, we tend to detach and feel not interested.
Once everything starts to move and euphoria shows up, the prices are bad as they become too high but that is when people want to get involved.
There are many opportunities now but we need to focus on the long-term.
Think long-term!
That should be the mantra when buying, when reading, when planning... Think long-term and success is guaranteed.
Namaste.
Xrmusdt
XRMUSDT movement in the ascending channel.As we can see XRMUSDT has been moving in an ascending channel for a month and is not going to slow down. This trend will continue until the price breaks the channel up or down. For now, the price is approaching the support level of $ 450. Since the price bounced off it many times, it is possible that it will rebound even now, but a breakdown of the level is also possible. If it bounces, you can take it.
If you like the idea, subscribe and like it.
Good luck and big profits.
XRMUSDT movement in the ascending channel.As we can see XRMUSDT has been moving in an ascending channel for a month and is not going to slow down. This trend will continue until the price breaks the channel up or down. For now, the price is approaching the support level of $ 450. Since the price bounced off it many times, it is possible that it will rebound even now, but a breakdown of the level is also possible. If it bounces, you can take it.
If you like the idea, subscribe and like it.
Good luck and big profits.
Monero potential very bullish and certainly undervalued LONG XMRMonero is a great private cryptocurrency, it has very good fundamentals and a very solid community, acceptable supply and a lot of demand. The long-term potential of Monero is high, right now it is undervalued, in my opinion Monero will reach $ 10k per coin in the next few years. At the moment, I expect a correction below $ 300 to buy at very good prices. From there, a climb towards $ 1k is quietly possible. $XRM
Support and Resistance Based Trade Set-Up for XMR/BTCHey all, here’s another entry on my tradingview series called 'Quick Updates'.
In the chart you can find a nice and clean trade set-up based on support and resistance
--- What is The Quick Update Series All About? ---
I have started a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will contain a brief explanation with clear and clean charts in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
If you want to learn more about how to place your limit orders including entry, stop-loss and take-profit, check out:
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- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!