Get started

Xmrusd

Don't miss the great buy opportunity in MONEROTrading suggestion: . There is a possibility of temporary retracement to suggested support line (86.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XMRUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 45. Take Profits: TP1= @ 97.00 TP2= @ 106.25 TP3= @ 120.87 SL= Break below S2
BITFINEX:XMRUSDLong
by ForecastCity
2
Don't miss the great buy opportunity in MONEROTrading suggestion: . There is a possibility of temporary retracement to suggested support line (86.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . XMRUSD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 45. Take Profits: TP1= @ 97.00 TP2= @ 106.25 TP3= @ 120.87 SL= Break below S2
BITFINEX:XMRUSDLong
by ForecastCity
6
XMR schiff-pitchfork, break up into the median channelThis is my first foray into charting (be gentle)...;) Looks like the price action is aligning well with the channels above, has just droppped out slightly from the median channel, only on low volume I would expect it to hover here for the next day or two and then maybe break to the upside, needs good volume to overcome a confluent resistance at $95, but the overall trend should support such a move. As this is my first use of charting and Schiff Pitchfork, if I have made any errors please let me know...here to learn and feedback is welcomed. TIA
KRAKEN:XMRUSDLong
by braddles69
2
Monero Price Analysis XMR / USD: Power StruggleMonero / USD Short-term price analysis Monero has a bearish short-term outlook, with the cryptocurrency tumbling to its lowest trading level since May 2019. The four-hour time frame shows that a major bearish breakout has now occurred, with XRM/USD bears triggering a head and shoulders pattern into action. Technical indicators are bearish on the four-hour time frame and continue to issue sell signals. Pattern Watch Traders should note that the bearish pattern has a downside projection of around $37.00. Relative Strength Index The RSI indicator is also bearish on the four-hour time frame, although it is attempting to correct from oversold territory. MACD Indicator The MACD indicator has turned bearish on the four-hour time frame and continues to generate a sell signal. Monero / USD Medium-term price analysis Monero retains its bullish medium-term outlook, with the cryptocurrency still trading above its trend defining 200-day moving average. The daily time frame is showing that a sizeable head and shoulders pattern is also in play, with the $43.00 level the overall target of the bearish pattern. Technical indicators on the daily time frame are bearish and continue to issue a strong sell signal. XMR / USD Daily Chart by TradingView Pattern Watch Traders should note that an inverted head and shoulders pattern is still present on the daily time frame. The overall downside projection of the bearish pattern currently in play would fail to invalidate the larger bullish pattern. Relative Strength Index The RSI indicator has turned bearish on the daily time frame and is now issuing a strong sell signal. MACD Indicator The MACD Indicator on the daily time frame is bearish and is currently generating a sell signal. Conclusion Monero could start to come under increasing technical selling pressure as the bearish head and shoulders pattern across both time frames unfolds. The key development to watch will be how far the downside in the XMR / USD pair extends and if bears can invalidate the huge bullish pattern on the daily time frame.
KRAKEN:XMRUSDShort
by CryptoBriefingTA