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XMRPERP trade ideas

Will Bearishness Accelerate In XMR Price? In 2023 and 2024, Monero's trading range fluctuated between $110 and $180 on the weekly chart. After a decline in the first quarter of 2024 from the upper to the lower border of this range, the price rebounded in the second quarter, peaking at $183 on June 12th, 2024. However, subsequent sell-offs caused the price to fall again, though it found support at the trendline. Currently, XMR has slipped below the 20-day EMA band and is approaching the 50-day EMA band, with bearish momentum potentially accelerating. The long-term dynamic support is near the 200-day EMA band, and falling below this level could signal a trend reversal. Key horizontal support levels are at $160 and $150. Conversely, breaking through the supply zone near $180 could push the price to $190 and $200.
BITFINEX:XMRUSDLong
by Sam_TCR
Amid Rising Miner's Revenue, Analysts Are Optimistic Too In 2023 and 2024, Monroe's trading range was under the range of $110 to $190. It fluctuated over the weekly chart from the upper to the lower border. After the fall in the first quarter of 2024 from the range's upper border to the lower border, the price took a resurgence in the second quarter. The price peaked at $183 on June 12th, 2024. However, the price fell due to sell-offs and ended up consolidating in the symmetrical triangle. An analyst, @Cryptojack, posted an optimistic tweet on X, where he believes that the breakout in the price chart of XMR seems imminent. Based on the optimism and rising network activity in the Monero (XMR), if the price breaks out of the pattern and propels higher. Then, the price target could be $173 and $183 over the daily chart. On Squeezing the chart more in the weekly chart, then the price targets for the second half of 2024 would be at $213, and $287, respectively. A look at EMA bands shows that the price has been taking support from the 20-day, 50-day, and 200-day EMA bands. MACD on the daily chart shows that the histogram is above the zero line, and the RSI was at 55.44, which is above the median line in a bullish zone.
BITFINEX:XMRUSDLong
by Sam_TCR
1
Monero Crypto Forecast: Can XMR Reach the Coveted $200 Level?Monero Crypto Forecast: Can XMR Reach the Coveted $200 Level? Monero crypto has been on a three day gaining streak and rising towards the psychological $200 Mark. At the time of writing, the XMR crypto was exchanging hands close to $180, recording a positive development of 3.6% a day. While the broader market has been facing a sideways trend induced with volatility in the last couple of weeks. On the other side, Monero (XMR) has seen an impressive rally, climbing from yearly low close to $100 in April. The crypto has achieved a remarkable 26% gain in the last two weeks, outperforming the market leaders. The announcement of the MoneroKon 2024 event has fueled the price to escalate higher. Moreover, this uptrend is part of a broader movement that saw the price escalate from $140 to $180, marking a transition from a corrective phase to reaching an annual high price. Furthermore, this price rise is supported by a substantial influx of trading volume, suggesting an increased demand. While the crypto has already delivered a substantial return, still the investor sentiment remains optimistic, with many setting their sights towards the $200 threshold as the next significant milestone. Volume Inflow Explodes To A Record High The Monero price has been rising continuously for the fourth consecutive week indicating a strong bullish trend. The price performance in the short term has been outstanding, gaining over 18% a week and 36.04% a month. Moreover, the price rise has been supported by a massive rise in the volume inflow in the recent sessions. The volume inflow has surged by over 300% in the last couple of weeks rising from $40 Million to $125.9 Million in Intraday today. The rising volume inflow indicates an increased demand for the crypto. Moreover, the volume to market cap ratio still lies close to 3.64% indicating low volatility in the crypto. XMR ranks 31st in terms of market capitalization with a total market cap of $3.34 Billion. It has a circulating supply of 18.44 Million XMR tokens. Can XMR Hit the $200 Milestone This Week? The Monero crypto is rising a strong bullish wave backed by a massive surge in the volume inflow. At the time of writing, the XMR crypto price was trading close to $180 level marking a 3.6% rise in intraday. On the higher side, the bulls need to surpass the recent hurdle of $186.9 to reach a milestone of $200 level. whereas, the price may experience a profit booking if it slips below the $170 level. The technical indicators like the key exponential moving average of 50 and 200 day EMA points to a positive trend outlook. Also, a bullish crossover of the RSI line and 14 day SMA line was observed suggesting a trend continuation. Conclusion. Monero (XMR) has defied the broader market's stagnation, rallying from a low near $100 in April to a recent high close to $180. Moreover, the price rise is backed by a 300% increase in trading volume, indicating strong demand. On the higher side, the bulls need to surpass the recent supply of $186.9 to reach a milestone of $200 level. Technical indicators, including the 50 and 200-day EMAs and a bullish RSI and SMA crossover, support the positive momentum, suggesting the potential for further gains. Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
CRYPTO:XMRUSDLong
by Ritika_TCR
1
MoneroKon 2024 Event Ignites a 20% Surge in XMR: What’s Next?MoneroKon 2024 Event Ignites a 20% Surge in XMR: What’s Next? In a recent tweet, Monero announced an event MonerKon 2024 which is scheduled to happen on 7th to 9th June. Following the event's disclosure, Monero crypto reversed its course and has surged over 20%. Monero crypto is on a seven day gaining streak breaking out of a correction phase. The recent breakout in Monero has aligned it with the broader market trend and the crypto is constantly advancing towards a major $170 hurdle. Earlier, Despite the optimism in the broader markets the crypto was facing a downturn since February and had been on a declining trend for the last few months. However, the recent announcement of the MoneroKon 2024 event brought back the investors confidence and the price reversed its course. MoneroKon 2024 Brought Back The Investors Confidence! In a recent tweet, Monero announced a MoneroKon 2024 (also known as Monero Konferenco) event which is scheduled to take place at the esteemed Paralelní Polis in Prague, Czech Republic, from June 7th to 9th. We're excited to share that MoneroKon 2024 is less than two weeks away!'Monero Konferenco (also known as "MoneroKon") brings together global privacy advocates, cypherpunks, and leading scientists to discuss advancements in privacy and financial technology. The conference and…— Monero (XMR) (@monero) May 27, 2024 The conference and hackathon (Monero)is aimed to bring together global privacy advocates, cypherpunks and scientists to discuss the advancements in privacy and financial technology. The announcement has favorably influenced Monero (XMR) price, catalyzing a recovery from past declines and steering its trajectory towards a bullish trend. Following the event's disclosure, Monero crypto has jumped over 20%. What’s Next For Monero? From a price action analysis, The 200 day EMA acted as a major hurdle as the price suffered multiple times after suffering rejection from the EMA. Recently, The daily chart noted the formation of an ascending triangle pattern followed by a breakout which resulted in a trend shift towards the bullish side. At the time of writing, the XMR price was trading close to $164.5 recording a swift intraday gain of 2.84%. The price is trading in green for the seventh consecutive session and has shown an impressive 20% straight gain. On the higher side, the $170 and $180 level may act as a profit taking level. whereas, if the price takes a pullback, the price may get the buyers back near the $150 and $135 levels. Conclusion. Monero (XMR) crypto is on a seventh day gaining streak, breaking out from a correction phase. The recent breakout has aligned XMR with the broader market's uptrend asn the crypto heading towards the major $170 resistance. Moreover, The MoneroKon 2024 announcement brought back investor’s confidence thus pushing the price towards bullish territory. The price action analysis reveals that the crypto has overcome the 200-day EMA barrier, with an ascending triangle breakout indicating a bullish shift. At the time of writing, XMR was hovering close to $164.5, marking a 2.84% intraday rise. Resistance levels are set at $170 and $180, while $150 and $135 could provide support if a pullback occurs.
CRYPTO:XMRUSDLong
by Ritika_TCR
demand for Monero increaseOn the daily chart of XMR crypto, there has been a fierce price battle between bulls and bears, which caused a significant formation in price structure. Bears have taken control and established new low and high points on the daily chart, creating a support level at $104.98. The XMR price remained steady near this crucial level for several daily sessions. The recent Monero price has increased from the $104.98 support level on April 13th, indicating slight resistance for bears, which could suggest a resurgence of bullish momentum. Furthermore, the XMR crypto is taking support on the dynamic resistance levels of the daily chart's 20-day and 50-day Exponential Moving Averages. Additionally, the RSI is at 54.59, finding support on the 14-SMA, while the MACD is at -1.189, indicating a bullish crossover. As of press time, the XMR price has reacted negatively, with -1.05 % since yesterday and at $130.49. Despite the weekly upsurge of 5.49%, bears are still active. Therefore, if the demand for Monero increases, it could experience a significant recovery from its current price point. The price may reach $140.0 next, possibly even higher at $150.0. However, if the price of the XMR cryptocurrency falls below the $110.0 support level, it could drop further and hit even lower levels in future sessions.
CRYPTO:XMRUSDLong
by Sam_TCR
Monero (XMRUSD) Head and ShouldersMonero (XMRUSD) is forming a clear Head and Shoulders pattern on 4h time frame. trading opportunity will arise either when it retraces from the 367 levels to 345 levels (which it is currently doing) and then, you can go either long - if it bounces off the 345 level, or go short if it breaches that support Considering the formation of the Head and Shoulders pattern, and the rejection is is getting in the latest 4h candle, it is likely that a short trade below the 345 levels will result in profits. It can fall up to the next obvious support of 300 levels, giving a potential profit of about 13-15%
BITFINEX:XMRUSD
by wolfvision
💡XMRUSD Second Chance: Profit=449% SL=20% Reward/Risk > 22.5:1Second Chance Trade Setup summary: Profit targets = 449% = {TP5= 20% + TP6= 37% + TP7= 67% + TP8= 128% + TP9= 197%} Stop Loss = 20% Reward/Risk > 22.5 : 1 New Trading suggestion: ". There is still a possibility of temporary retracement to suggested support line (100.50) again. if so, traders can set orders based on Price Action and expect to reach short-term targets." New Take Profits: TP5= @ 120.95 TP6= @ 137.95 TP7= @ 168.70 TP8= @ 230.10 TP9= @ 298.90 TP10= Free SL= Break below 96.50 -------------------------------------------------------------------------------------------------- Current Status of First Buy: Total Profit: 573% Closed trade(s): 138% Profit Open trade(s): 435% Profit Trade Setup: We opened 10 BUY trade(s) @ 68.20 based on 'previous Forecast' at 07.09.2020: Closed Profit: TP3 @ 82.15 touched at 07.28.2020 with 20% Profit. TP4 @ 96.50 touched at 06.08.2020 with 41% Profit. TP5 @ 120.95 touched at 11.10.2020 with 77% Profit. 20% + 41% + 77% = 138% Open Profit: Open trade is 128.10(current price) - 68.20(open price) = 87% 5 trade(s) still open, therefore total profit for open trade(s) is 87% x 5 = 435% Technical analysis: . XMRUSD is in an uptrend and the continuation of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 58. ❤️ 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 ❤️
KRAKEN:XMRUSDLong
by ForecastCity_ME
4
There is a trading opportunity to buy in XMRUSDMidterm forecast: While the price is above the support 26.05, beginning of uptrend is expected. We make sure when the resistance at 68.20 breaks. If the support at 26.05 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: A peak is formed in daily chart at 67.79 on 05/18/2020, so more losses to support(s) 60.05, 54.05, 44.00 and minimum to Major Support (26.05) is expected. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 61. Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (54.05 to 44.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (54.05) Ending of entry zone (44.00) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1= @ 60.05 TP2= @ 68.20 TP3= @ 82.15 TP4= @ 96.50 TP5= @ 120.95 TP6= @ 137.95 TP7= @ 168.70 TP8= @ 230.10 TP9= @ 298.90 TP10= Free
KRAKEN:XMRUSDLong
by ForecastCity_EU
5
Don't miss the great buy opportunity in XMRUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (60.0). 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 69. Take Profits: TP1= @ 71.70 TP2= @ 81.70 TP3= @ 96.90 SL= Break below S2
POLONIEX:XMRUSDLong
by ForecastCity_EU
2
Don't miss the great buy opportunity in XMRUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (79.50). 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. . The RSI is at 58. Take Profits: TP1= @ 145.90 TP2= @ 120.95 TP3= @ 96.90 SL= Break below S2
POLONIEX:XMRUSDLong
by ForecastCity_EU
Don't miss the great buy opportunity in XMRUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (52.17). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 60. Take Profits: TP1= @ 59.85 TP2= @ 66.80 TP3= @ 81.60 SL= Break below S2
POLONIEX:XMRUSDLong
by ForecastCity_EU
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_EU
A second Chance to Buy in XMRUSDMidterm forecast: 98.50 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index ( RSI ) is 74. New trading suggestion: *There is still a possibility of temporary retracement to suggested support line (98.50). if so, traders can set orders based on Price Action and expect to reach short-term targets. *If you missed our first HUNT, you have a second chance to buy above the suggested support line (98.50). Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Trade Setup: We opened 14 BUY trade(s) @ 49.70 based on '2-Day Hammer' entry method at 2019.03.12. Total Profit: 74244 pip Closed trade(s): 20380 pip Profit Open trade(s): 53864 pip Profit Closed Profit: TP1 @ 56.70 touched at 2019.03.31 with 700 pip Profit. TP2 @ 65.50 touched at 2019.04.02 with 1580 pip Profit. TP3 @ 76.30 touched at 2019.04.02 with 2660 pip Profit. TP4 @ 88.65 touched at 2019.05.15 with 3895 pip Profit. TP5 @ 100.00 touched at 2019.06.19 with 5030 pip Profit. TP6 @ 114.85 touched at 2019.06.22 with 6515 pip Profit. 700 + 1580 + 2660 + 3895 +5030 + 6515 = 20380 Open Profit: Profit for one trade is 117.03 (current price) - 49.70 (open price) = 6733 pip 8 trade(s) still open, therefore total profit for open trade(s) is 6733 x 8 = 53864 pip All SLs moved to Break-even point. Take Profits: TP7= @ 137.95 TP8= @ 149.10 TP9= @ 168.70 TP10= @ 230.10 TP11= @ 298.90 TP12= @ 372.35 TP13= @ 447.10 TP14= Free
KRAKEN:XMRUSDLong
by ForecastCity_EU
1
A second Chance to Buy in XMRUSD ... Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. The price is above the 21-Day WEMA which acts as a dynamic support. Relative strength index (RSI) is 50. New trading suggestion: The price is in a range bound and we forecast the uptrend would resume. There is still a possibility of temporary retracement to suggested support line (110). if so, traders can set orders based on Price Action and expect to reach short-term targets. If you missed our first HUNT, you have a second chance to buy above the suggested support line (110). Entry signal: Signal to enter the market occurs when the price comes to "Support line" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and special version of our "Price Action" strategy FOLLOW our lessons: Trade Setup: We opened 11 BUY trade(s) @ 89.47 based on ' Valley' entry method at 08.15.2018. Total Profit: 25712 pip Closed trade(s): 5606 Profit Open trade(s): 20106 Profit Closed Profit: TP1 @ 105.00 touched at 08.27.2018 with 1553 Profit. TP2 @ 130.00 touched at 08.27.2018 with 4053 Profit. 1553 + 4053 = 5606 Open Profit: Profit for one trade is 111.81 (current price) - 89.47 (open price) = 2234 9 trade(s) still open, therefore total profit for open trade(s) is 2234 x 9 = 20106 All SLs moved to Break-even point. Take Profit: TP3= @ 149.00 TP4= @ 170.00 TP5= @ 192.00 TP6= @ 227.00 TP7= @ 258.00 TP8= @ 298.00 TP9= @ 378.00 TP10= @ 469.00 TP11= Free
KRAKEN:XMRUSDLong
by ForecastCity
There is a possibility for the beginning of an uptrend in XMRUSDTechnical analysis: . MONERO/DOLLAR is in a downtrend and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 39. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is a possibility of temporary retracement to suggested support zone (84.00 to 73.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (84.00) Ending of entry zone (73.00) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 105.00 TP2= @ 130.00 TP3= @ 149.00 TP4= @ 170.00 TP5= @ 192.00 TP6= @ 227.00 TP7= @ 258.00 TP8= @ 298.00 TP9= @ 378.00 TP10= @ 469.00 TP11= Free
KRAKEN:XMRUSDLong
by ForecastCity
A trading opportunity to buy in XMRUSDTechnical analysis: . MONERO/DOLLAR is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 46. . While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue . Trading suggestion: . There is still a possibility of temporary retracement to suggested support zone (130.00 to 106.00). if so, traders can set orders based on Price Action and expect to reach short-term targets. Beginning of entry zone (130.00) Ending of entry zone (106.00) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of the reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 149.00 TP2= @ 169.00 TP3= @ 192.00 TP4= @ 228.00 TP5= @ 258.00 TP6= @ 298.00 TP7= @ 331.00 TP8= @ 378.00 TP9= @ 469.00 TP10= Free
KRAKEN:XMRUSDLong
by ForecastCity
There is a trading opportunity to buy in XMRUSD Technical analysis: . MONERO/DOLLAR is in a range bound but the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 54. . The RSI downtrend & The price downtrend in the daily chart are broken, so the probability of resumption of uptrend is increased. Trading suggestion: . We have already opened 10 BUY trade(s) @ 126.17 based on 'Two-Day reversal candle (Hammer in D2 time frame)' entry method at 2018.06.29 in our suggested support zone (130.00 to 106.00). Beginning of entry zone (130.00) Ending of entry zone (106.00) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 149.00 TP2= @ 169.00 TP3= @ 192.00 TP4= @ 228.00 TP5= @ 258.00 TP6= @ 298.00 TP7= @ 331.00 TP8= @ 378.00 TP9= @ 469.00 TP10= Free
KRAKEN:XMRUSDLong
by ForecastCity
A Good Trading Opportunity to Buy in Monero ...Technical analysis: . MONERO/DOLLAR is in a Range Bound and Beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 38 Trading suggestion: There is a possibility of temporary retracement to suggested support zone (196 to 153). if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets. . Beginning of entry zone (196) . Ending of entry zone (153) Entry signal: Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing" , "Hammer" or "Valley" , in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons: Take Profits: TP1= @ 230 TP2= @ 258 TP3= @ 298 TP4= @ 329 TP5= @ 378 TP6= @ 469 TP7= Free
KRAKEN:XMRUSDLong
by ForecastCity