EW Analysis: XMRBTC May Break 2019 LowsHello traders!
Today we will talk about XMRBTC and its price action from Elliott Wave perspective.
XMRBTC is sideways since 2019 and it's ideally forming a big bearish triangle pattern in wave "iv", which means that we should see even more weakness and sooner or later we may see new 2020 lows that can send the price down to 0.0060 - 0.0050 area, if not even lower.
XXX/BTC crosses are highly dependent on BITCOIN.Dominance, which we still see it bullish and it's looking for more upside, so BTC will most likely stay stronger than ALTcoins and most of XXX/BTC cross pairs may remain under bearish pressure.
Be humble and trade smart!
If you like what we do, then please like and share!
Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
XMRBTC trade ideas
$XMR Long signalsWe have long signals for XMRBTC.
the market is not stable now so be careful and keep your eye on the btc movement.
stop-loss is once you got short signals from our indicators
XMRBTC - Short term signal.XMRBTC is giving a try to break EMA50(0.006995) in it's Daily chart. Best entry is above 7203 if the 1D candle closes above Fibonacci 0.5 the "Golden ratio", Trend line and the EMA50, EMA100(0.007133). Target is open if it closes above the EMA200(0.007376).
Move the SL to the entry.
Cheers..
Como's high price - breaking the base line by the contour line uComo's high price - breaking the base line by the contour line up
Base line failure by price up
Base line failure by contour line up
Fibonacci correction in the region of 55 to 65%
MONERO COMPLETE DOWNTREND SINCE LATE 2018 - TIME FOR RECOVERYmonero did do some good progress in term of technology.
privacy coins are important this times.
catch some 20-35% of portfolio.
good luck.
XMR/BTC 4H Ichimoku and chart pattern align for a move!XMR/BTC looks like it's getting to the end of the ascending triangle pattern it has been forming for the last week.
The Tenkan ( Yellow line ) also broke through the Kijun ( Dark blue line ) just a couple candles back and if it breaks the upside of the pattern the next real resistance is 20% to the upside at 0,008 ( Horizontal dotted line ).
If you like my ideas and the work I do, please check out the links in the signature ;).
XMRBTC 1D long setup after bounce at all time lowsTA explained
XMR vs BTC is about to break out after a retest and a bounce of the all time lows. Really high potential when going up.
Targets are aligned with previous resistance levels.
This setup can be traded in margin as well. Wouldnt recommend to trade with more than 3x leverage when using this exact setup.
Trade setup
Best entries: 0.00683354 - 0.00704273
TP1: 0.007800
TP2: 0.008479
TP3: 0.009138
SL: 0.006118
RR: 2.53
Max leverage: 3X in margin
—————
Do Your Own Research (of course)
Trade at own risk (of course)
Only trade what you can afford to lose (of course)
Monero the privacy underdog - potential trend reversalMonero has been in a downtrend for 2 years... if this is a reversal, we could potentially see big gains. As governments try to gain more control over cryptocurrency and attempt to track our private activities, this could be a potential winner in the long run. It reached some seriously crazy prices at one stage, so I would be waiting for a breakout and entering on retracement.
BTC Bull? XMR/BTC Monero Head and Shoulders .... Drop Imminent?BTC showed it's resilience and strength today, busting through the coveted $10k resistance in a matter of hours.
As a result, many btc alt pairings have began breaking down.
Here we see Monero's 3 day chart.
There is a visible head and shoulders pattern that appears to be on the verge of completion and a breakdown. A lot of this will hinge on what BTC decides to do from here. BTC holds 10k? Odds favor continued XMR/BTC drop. BTC pulls back hard? XMR could push and invalidate.
However, it's now lost all major EMA supports and is entering no-man's land of potential all-time lows.
RSI very much in bearish territory.
Bearish cross on the stoch RSI with momentum sloping downwards.
Potential target shown in green.
This is not financial advice.
XMR/BTC - Moner0A triangle.
pressure on the upper boundary;
Punching up and securing the purchase.
stop loss for local minimum;
Push ❤️ if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Thanks for your support!
MONERO is on longterm trend! So it is about to rise (: !I think Jun 2020 will be the bull month for lots of altcoins.
MONERO will be on of them (:
The BTC Dominance will let us (:
XMRBTC STRONG RESISTANCE WITH HEAD AND SHOULDER FORMATIONAs you can see in the chart, Trendline Resistance and Andrews Pitchfork Resistance working as a strong Resistance and rejections came twice
Btc is gaining dominance back again because of BTC Halving
Possible Head and shoulder formation in play with strong support needs to hold around pitchfork median line and horizontal line
If someone is looking to buy it against bitcoin , i would recommend buying at confirmation line with a very high probability of success.
If head and shoulder formation will complete and break i am expecting prices to go further down towards the Pitchfork last line of defense.
Trade this pair cautiously along with other pairs with btc as Btc is running the show.
It doesnt mean that XMRUSD pair will not go up, this analysis is in relation to bitcoin
Thanks,
Please like and follow if you like the idea
LONG - XMR - Trading OpportunityHuge bullish divergence on XMRBTC, while at the same time bouncing from a strong support and entering the 4h cloud once again, now that the MA50 and Kijun have been reclaimed, a sure bounce and possible kumo breakout is in action here.
Entry: 0.006778
Target 1: 0.007282
Target 2: 0.007660
SL: 0.006571
CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position.
CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
Is Monero ready to break the two years downtrend?Accumulation setup with MFI bullish divergences on a weekly chart.
