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XMRUSDT

XMRUSDT: Forms Inverse Head and Shoulders!🚀💎 Paradisers, #XMR has broken out of the resistive trendline and formed an inverse head and shoulders pattern, increasing the likelihood of a bullish move. 💎 If #XMRUSDT breaks above the resistance zone, it will validate the inverse head and shoulders pattern, potentially leading to a bullish move. 💎 In the case of a pullback, we can expect a bounce from the demand zone, but it would be prudent to look for a Change of Character (CHoCH) in lower timeframes towards a bullish market structure. 💎 However, if the price breaks down below the demand zone, it will invalidate all the bullish signs. In that case, it would be better to wait for more favorable price action to develop.
by MyCryptoParadise_Nathan
XMR/USDT: Exploring Opportunities with Triangle Pattern 💎 Hey there, Paradisers! Let's take a look at XMR/USDT using the daily chart. It's forming a triangle pattern with well-defined demand and supply zones. The triangle is being shaped by trendlines that offer support and resistance. Recently, it got a small bounce from the supportive trendline and demand zone of 135.5. 💎 To get the best entry point, you might want to wait for a slight price dip. This could give you a more advantageous buying opportunity. Once we see a bullish pattern near the support trendline and demand zone, there could be potential for a push towards the 161.1 supply zone and the resistive trendline. Keep an eye out, ParadiseSquad!
XLong
by MyCryptoParadise_Nathan
💡Don't miss the great buy opportunity in XMRUSDTrading suggestion: ". There is a possibility of temporary retracement to suggested support line (458). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . XMRUSD is in a uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. Take Profits: TP1= @ 492 TP2= @ 518 TP3= @ 555 TP4= @ 608 TP5= @ 662 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 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 ❤️
Long
by ForecastCity_ME
4
💡Don't miss the great buy opportunity in XMRUSDT Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (136.4). . 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 uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 71. Take Profits: TP1= @ 153.5 TP2= @ 161.3 TP3= @ 170.1 TP4= @ 182.4 TP5= @ 202.0 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 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 ❤️
Long
by ForecastCity_ME
4