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Thread: XMR/USD. R Trader

  1. #1
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    XMR/USD. R Trader

    XMR/USD


    Monero (XMR) is an open-source cryptocurrency created in April 2014 that focuses on privacy, decentralization, and scalability that runs on Windows, MacOS, Linux, Android, and FreeBSD. Monero uses a public ledger to record transactions while new units are created through a process called mining. Monero aims to improve on existing cryptocurrency design by obscuring sender, recipient and amount of every transaction made as well as making the mining process more egalitarian.

    This instrument is available for trading on the platform R trader. You can start trading with as few as 10 USD on your trading account.

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  2. #21
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    Monero during last Monday's trades bounced from $46.02 areas to penetrate $46.88 and then penetrated the downward trend line, and continued to rise until the $50.84 areas as a result of the continued pressure of bulls on them.


    Monero is traded in a bullish direction, supported by a downward trend line, and the $48.80 area has been breached, thereby confirming a downward trend. Technical indicators support the current upward trend although we do not recommend purchasing unless you penetrate the $50.84 area to avoid attachment in a purchase center.


    It is expected that in the event of a $50.84 area penetration may target the 54.84 $ area. While the $48.95 zone fracture may target $46.88 areas.


    Support: 49.83 – 46.88-37.96.
    Resistance: 50.36 – 59.39 – 75.61.


    Direction: Upward

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  3. #22
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    Monero during the first week trades of the current month failed to penetrate the $49.83 resistance zone as a result of the weak determination of buyers, thus landed towards the $48.03 areas achieved during the trades last Monday. Al-Almeh wore during trades last Monday to penetrate the downward trend line as, penetrated The $49.83 area as a result of the pressure of the Bulls and continued to rise up to $52 areas.

    Monero is traded in a bullish direction and this trend is currently weak and can be observed by analyzing the price behavior. The coin needs to penetrate the $50.84 resistance zone to confirm that the downward trend line is breached.


    It is expected that in the event of a $50.84 zone penetration may target the 54.84 $ area. However, in the case of $49.50 area, $46.88.


    Support: 49.83 – 46.88-37.96.
    Resistance: 53.07 – 55.36 – 59.39.


    Direction: Upward


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  4. #23
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    Monero During the first evening trades yesterday broke the lower side of a classic symmetrical triangle model that lasted about a month. This fraction comes from the pressure of the bear on the coin and thus landed towards the $50.36 areas.


    Monero is traded in a downward direction that supports the lower rib fracture of a classic symmetrical triangle model, and currently retests this fraction. We recommend selling if the bottom side penetration of a symmetric triangle model fails or if $49.72 is broken.


    It is expected that in the event of a $54.38 area penetration may target the 55.36 $ area. On the other side in case the $49.72 area may target $46.88 areas.


    Support: 49.83 – 46.88-37.96.
    Resistance: 53.07 – 55.36 – 59.39.


    Direction: Bearish


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  5. #24
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    Monero since last mid-week trades, even yesterday morning trades were failing to break the first support area $66.84 due to the weakness of the sellers. During the trades yesterday morning and as a result of the increased supply on the currency landed towards the $64.60 areas from which it bounced to re-test $66.84.

    Monero is traded in an accidental direction on the 4H chart through a classic symmetric triangle model that started during the first week trades of the month.
    Currently we do not recommend that you risk trading them and we recommend that you wait for the lower rib of the symmetric triangle to break or penetrate the upper rib of the classic model.


    It is expected that, in the event of a $70.40 zone penetration $59.39 $64.60, the 75.61 area may target.


    Support: 59.39 – 55.36-53.07.
    Resistance: 66.84 – 71.43 – 75.61.


    Direction: Neutral


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  6. #25
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    Monero During the second trading days this week failed to stabilize the highest areas of $66.84 and continued to bleed until the areas of $65. During the first morning trades, the currency bounced into $65 areas towards $70.98 areas and with the failure of penetration of the $71.43 resistance zone landed towards the $65.45 areas.


    Monero failed to penetrate the downward trend line during the dawn trades yesterday as a result of weak demand, so the currency returned to trade in a downward trend at the moment.
    The downward trend is still in a state of weakness at the moment and this trend is gaining more power in the event of a $65 fracture.


    It is expected that in the event of a $70.98 area penetration may target the 75.61 $ area. On the other side if the $65.45 area is broken may target $61.75 areas.


    Support: 59.39 – 55.36-53.07.
    Resistance: 66.84 – 71.43 – 75.61.


    Direction: Bearish


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  7. #26
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    Monero during last Sunday's trades bounced from the first support areas $75.61 and continued to rise towards 97.22 $ areas. During yesterday's trades failed to penetrate the $96.65 areas and then broke the $88.03 areas and continued to land towards the $78.09 areas.

    Monero broke the upward trend line on the 4-hour time frame due to the failure of the $96.65 areas and currently, trading in a downward direction by forming a lower bottom than the other as well as a lower peak.

    It is expected that in case of penetration of $97.22 region may target area $107.97.While in the $78.09 zone, the $71.43 areas may be targeted.


    Support: 75.61 – 71.43-66.84.
    Resistance: 88.03 – 96.65 – 107.97.


    Direction: Bearish.



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