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XMRUSDT trade ideas

#Monero Edges Higher above $152 in a Buy Trend Continuation FormPast Performance of Monero Monero prices might have broken off a long-term, six-month trend line, but the uptrend needs to be more convincing. A notable development in the daily chart is the failure of buyers to build on gains of late October. There was a 2-bar formation signaling weakness following the printing of the bear engulfing bar of October 2. However, the expansion of early today is injecting momentum, driving prices higher. #Monero Technical Analysis Monero is within a bullish formation. However, recent trading volumes have been lighter, and there was a bearish engulfing bar with relatively high trading volumes hinting at weak bulls. Therefore, based on this formation, traders may search for unloading opportunities, especially if today's prices end lower, below the middle BB and $145. In that case, XMR may likely crash to $134 in line with the September 13 bearish engulfing bar. On a more positive outlook, the bullish breakout will be valid, and not a trap, if XMR reverses mid-this week losses, forcing prices above $152 and this week's high. In that likelihood, Monero may float to September highs at $165 in a buy trend continuation formation. What to Expect from #XMR? XMR is in a bullish formation. However, it can be a bull trap if prices retrace from spot rates to below the middle BB and $140, aligning with losses of November 2. Any surge above this week's highs would relieve buyers, injecting momentum and forcing XMR to new Q4 2022 highs. Resistance level to watch out for: $152 Support level to watch out for: $145 Disclaimer: Opinions expressed are not investment advice. Do your research.
XLong
by Bitcoin_Analyzer
XMR good buy positionMonero, created in 2014, offers a decentralized and anonymous transaction system. Operating in Proof of Work, Monero was a fork of BTC. The promise of the Monero blockchain is to provide an untraceable means of transaction and to guarantee user privacy. Prices broke the bullish flag with supporting volume indicators: MFI broke its trendline (accumulation in on going) CMF broke its trendline, as well (increasing buy pressure) In my opinion, now it's a a good moment to accumulate XMR for mid-term hold.
XLong
by evasivesteering
2
Falling Wedge: Monero (XMR)XMR (Monero) is exhibiting a strong falling wedge pattern. Falling wedges are typically textbook bullish continuations, so from here we can reasonably expect more upside after the price finishes bouncing within the wedge's support and resistance band. Look to take position upon breach of resistance and ride the markup to the 1.618% Fibonacci extension. Invalidate any pullback that breaches lower support with increased supply volume. *Be sure to subscribe for more easy-to-follow charts with win ratios averaging between 80-85% in hitting the profit zones. I've been swing trading crypto fulltime since 2017 and handpick all the runners myself after conducting a series of careful volume-to-spread reads and Wyckoff schematic comparisons. Check out my past charts, see all the wins for yourself, then come join us! **Not financial advice. Always DYOR and trade at your own risk.
XLong
by jalapablo
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (144.8). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 148.8 TP2= @ 153.3 TP3= @ 157.1 TP4= @ 161.3 TP5= @ 164.0 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
XLong
by ForecastCity_World
4
💡Don't miss the great buy opportunity in XMRUSD @moneroTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (144.8). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSDT is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 62. Take Profits: TP1= @ 148.8 TP2= @ 153.3 TP3= @ 157.1 TP4= @ 161.3 TP5= @ 164.0 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
XLong
by ForecastCity
#Monero up 47% from 2022 Lows, Primary Support at $135Past Performance of Monero At spot rates, Monero prices flow in favor of sellers. The coin has more than halved from April highs, reading from the XMRUSDT price performance in the daily chart. Albeit expectation of XMR turning the corner in the sessions ahead, traders may liquidate on pullbacks below $155, or last week's highs, targeting immediate support levels marking September 2022 lows. #Monero Technical Analysis The daily chart shows Monero is bearish, and prices are in a descending channel. On the upper end, there are two critical resistance lines at $155 and $165 that buyers must break for the trend to shift. On the lower end, Monero has support at $135, flashing with September 2022 lows and the 50 percent Fibonacci retracement level of the June to August 2022 range. Considering the many points this support line flashes with, XMR prices must trend above it. If not, it may signal weakness, and bears can trade with the emerging trend in a bear breakout, targeting $110 in the medium term. What to Expect from #XMR? Monero is up 47 percent from June 2022 lows but is currently unable to contain bears, evident in the daily chart. For the uptrend to be sustained, XMR must hold above September 2022 lows—or, in the immediate term, reverse and surge above $155. In both cases, the first target will be $165 and August 2022 highs. Resistance level to watch out for: $155 Support level to watch out for: $135 Disclaimer: Opinions expressed are not investment advice. Do your research.
XLong
by Bitcoin_Analyzer
1
XMR/USDT - SHORT----- Welcome, dear followers! ----- - Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns. - For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me. - If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero. - Today's deal is shown in the chart, and here are the entry and exit points below. -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. -- ------------------------------------------------------- ⚡️⚡️ XMR/USDT ⚡️⚡️ Exchange: Binance Futures Trade Type: Breakout (Short) Leverage: Cross (1.0X) Entry Orders: 1) 143.05 - 100.0% (63.64626 USDT) Take-Profit Orders: 1) 140.62 - 80.0% 2) 138.62 - 19.999% Trailing Configuration: Stop: Breakeven - Trigger: Target (1)
Short
by Mahdicryptodotma-pro
XMR/USDT - SHORT SMALL PROFIT BUT SURE----- Welcome, dear followers! ----- - Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns. - For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me. - If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero. - Today's deal is shown in the chart, and here are the entry and exit points below. -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. -- ------------------------------------------------------- ⚡️⚡️ XMR/USDT ⚡️⚡️ Exchange: Binance Futures Trade Type: Breakout (Short) Leverage: Cross (1.0X) Entry Orders: 1) 141.2 - 100.0% (48.98652 USDT) Take-Profit Orders: 1) 137.9 - 80.0% 2) 133.12 - 19.999% Trailing Configuration: Stop: Breakeven - Trigger: Target (1)
Short
by Mahdicryptodotma-pro