Update on Monero double bottom Looks like Monero is gonna trigger this double bottom that I posted an idea on last week or so. $240 is the target *not financial advice*
XMRPERP trade ideas
Miners inching closer to triggering this double bottom.Looks like if this triggers it should head to $240. Luna has already reached its double bottom measured move target and the market as a whole has only recently switched from the downtrend correction back to an uptrend s this all increases the probability of this double bottom on mongers both triggering and reaching its measured move target. Of course yas always you should always wait for confirmation of the breakout. I don’t own any modern but couldn’t resist charting this obvious double bottom scenario. *not financial advice*
Monero Breaking Out to the upsideBullish breakout of long term down trend line minimum target is $279. Monero is what crypto is supposed to be, fundamentally this is one of the best coins to own for the long term.
XMR/USDTXMR/USDT - Active Trade Set Up since 26th Feb - (Wasnt posting publicly before) (first target hit) (3 targets to go)
Entry $154, Stop Loss $131, Profit Taking Levels $237, $262, 296, Argument = Bullish Butterfly, Type 2 Return at critical support with classic bullish divergence and a confirmation bullish engulfing candle
One more day for monero Looks like one more day for xmr. Until I hit my target I set a few days back.
Monero Breaking out on the weekly - catalyst for Privacy coinsMonero is breaking out of the largest cup and handle structure in the Crypto Industry and the MACD is turning green on the weekly
This breakout will turn into a long-awaited catalyst for the entire privacy coin sector.
It has been a quiet sector all this Bullrun due to FUD and bad news.
The current political climate has shown the world the need for privacy coins or at least given attention to it.
My second privacy coin investment is a coin called: XTA/ITALO, Which is doing a rebrand into SYFER, fully homomorphic encryption with smart contracts, basically a fully private Ethereum network with barely any fees. The best part is that the market cap is less than 100.000 USD due to marketing not beginning until the Rebrand is done, which is within a couple of weeks.
Good luck, everyone, and don't miss out on this privacy coin run!
XMR, breaking out of the downtrend.The following is machine translation:
A double bottom is formed near 140.
It has been suppressed by the trendline since September last year.
All the way back, the rebound failed to break the trend line.
It broke the downtrend line today and stood above 200.
Bullish, watch for overhead resistance near 250.
Is Monero XMR Truly Anonymous?Monero is a cryptocurrency launched in 2014 to provide crypto users with an anonymous Blockchain platform. It is a decentralized cryptocurrency that utilizes a public distributed ledger embedded with privacy-focused technologies to achieve anonymity. It is also an open-source network that ensures that observers cannot decode transactions and activities regarding its cryptocurrency. Monero’s blockchain design is unique, and all transaction details from sender to receiver are kept private. Despite possessing similarities with popular cryptocurrencies like Bitcoin, Monero is quite different in its operation. It currently has the largest community of developers, behind Bitcoin and Ethereum. Like Bitcoin and Ethereum, users can mine Monero, and the process is purely egalitarian. The native and governance token of the blockchain is Monero (XMR). At the launch time, the developers did not reserve any XMR for themselves, as they relied solely on community support.
Monero up by 30%A report that United States President Joe Biden will soon sign an executive order regulating cryptocurrencies sparked a surge in prices for privacy coins, Monero and Zcash this morning.
The privacy coin surge was not clearly linked to Russian sanctions or if this was the reason behind it. Regardless, the surge was a result of something, moving from US$169 to US$204, up 29.2% in an hour and a half.
There were fewer privacy coins with a smaller size. Dash gained 11% to $95. The Pirate Chain price rose 7.4% to $1.11.
Monero Leads Altcoin Rally on MarketAt the beginning of March, Monero also faced a sudden volume and price increase as market players turned their heads toward "private" cryptocurrency solutions. The price of the asset reached $178 at the local peak.
We observed the highest price for the asset on Feb. 10, when XMR was trading at $187.
Related
DeFi Tokens Tank as Devs Quit
Though the asset shows short-term gains, Monero trades in a sharp downtrend along with most of the assets on the market. According to TradingView, XMR has lost almost 70% of its value in the last 300 days of trading. Monero reached its ATH in May and has been trading at approximately $480.
XMRUSD 1W Cup & Handle 01/01/22XMR is presenting a long term favourable bullish structure.
Technicals:
Volume has increased into and during the handle, conforming to pattern expectation.
Triple bullish divergence on RSI (indicating a significant decrease in downwards momentum), which has the potential to close above 50 this week - indicating momentum passed equilibrium point in terms of oscillation (to the upside).
Stochastics (green & red) are presenting a fresh weekly cross above $223.43, which would imply an upwards oscillation is commencing.
BBWP (volatility indicator) has increased from significant lows (<2%) and continues to present an increase alongside momentum. This is a good indication of a potential longer term, large move incoming in favour of the upside.
Areas to monitor would be a breakout of the orange trendline to the pattern target of 35.2% from breakout and ~$517.60 for the handle neckline. A "perfect breakout" of the handle would implicate a price target to ~56.66% ($816.69) as per historical statistics.
Also note that the average historical price rise for a "perfect breakout" for this pattern is recorded as 54%.
Moonero? Let's see.
This is not financial advice and always DYOR .
XMR/USD Ascending Triangle on Daily ChartMonero has printed a beautiful ascending triangle on the daily chart. This is a bullish pattern that has just broken out. Target of $300+
XMR/USDCup and Handle Pattern, I have measured the potential targets for XMR, sentiment of privacy talks are increasing and we all know Monero is king of the pack!
Time to load up on privacy coinsIt's time to load up on privacy coins.
My picks are:
XMR - everyone knows about Monero
DERO - Got some exciting things coming out
XTA - Rebranding into SYFER with homomorphic encryption, privacy network with privacy smart contracts! at only 70.000 USD Marketcap it is a steal!
XMR/USD 1M - Cup & Handle - Conservative Target 850-1000 by 2024Cup and handle looks good to go. Lower circulating supply than bitcoin until ~2040. Canada/Russia waking people up to fragility of traditional money and even dangers of public ledgers like bitcoin. Ukraine officially accepting XMR for wartime donations. 4 of the 6 weekly top gainers are privacy based. Barry Silbert (hate him or love him, DCG is huge) re-tweeting XMR related info and recommending investors to have 5% of crypto portfolio in privacy coins.
It's privacy season. You just don't know it yet.
Monero looking to breakout after holding supportMonero XMRUSD is looking quite interesting today breaking out and looking to test the recent breakout and resistance.
We are looking at a daily chart in this idea and I show current and past support and resistance.
Like most of the major cryptos XMR has been quite bearish for a while but with this crypto it is at least looking to turn around.
140 is strong support and then on March 8th we see the big breakout in that larger range candle. On a side note one of my strategies for long term success has been to watch the larger range candles and more often look to enter after smaller ranges. Typically a large candle will pullback on the next candle a good percent of the time as we saw on March 9th.
The current breakout will need to be watchful of the 200 resistance level but overall it looks pretty interesting.
This is what the beginning of a potential trend change looks like. Getting back above 254 resistance really confirms it.
