Key stats
About Monero
For those that think Bitcoin isn’t anonymous enough, look no further. Launched in 2014, Monero is a privacy coin that goes the extra mile in peer-to-peer philosophy by obscuring senders and recipients alike through the use of advanced cryptography. ‘Decoy coins’ can also be included in transactions to make it impossible to determine the value of a transaction if the sender wishes to do so. Simply put, XMR is just a digital currency exchangeable for goods, services and other currencies, all for pretty low fees — but its USP is most certainly its super-opaque blockchain.
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
XMR Falls By -12.00% After Testing Resistance of $260Monero price is down by 10.34% on Monday's trading session. The price is above the SMA of $176.92. Investors can see the movement of price towards the support level of $214.0. All technical indicators suggest a sell signal in the coin.
Resistance: $278.75
Support: $214.0
Monero Price Analysis: Will Monero Break The support of $110.45?Xmr coin has shown bearish momentum in the last couple of trading sessions and can go further down that road. The XMR/BTC pair is also facing resistance at 50 MA and is going towards the next support zone
themarketperiodical.com
XMR- looks weak but still bullish compared to other cryptoBuy on Dips, once it breaks the near resistance it can easily move above 140+ range
💡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
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
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.
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