XMR/USD. R Trader
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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. #2
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    XMRUSD

    Monero is traded in the downtrend of the daily trend, at the moment the pair has stabilized at the support level $ 55.00. If this level resists (will not be broken down),
    a correctional growth can be on the level of 50% by Fibonacci from the previous day's fall, the goal is the $ 85.00.


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  3. #3
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    Monero is still being shaken by the general crash that has shaken the CryptoCurrencies, some days ago it was around $60 but things changed when Bitcoin decided to fall from the previous $6450 price and now at $3850 percent there abouts, I figured that with Monero at $55.4760 at the moment, there is room for it to rise especially with the fact that 50 moving average is just around it.


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    Trader nadezhda84's Avatar
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    xmr.jpg


    XMR-USD current rate is 51.253$. The rate is significantly smaller than the 400 hours simple moving average, 67.8$, indicating that the XMR is now oversold at the large time-frame. It may be expected that a large retracement for XMR is still due. The 4-hour stochastic (5,3,3) indicates that some downtrend is underway, but analysis if actual rates suggests that the downtrend is of very local importance. In this situation, trading would have been too risky, and is thus not recommended.

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    Trader nadezhda84's Avatar
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    xmr.jpg


    The current price is 43.5$ in XMR-USD.


    The price moved down very significantly during the last quarter of 2018. Afterwards, a side movement was observed, particularly, during the last month. A short-term movement (see 4-H stochastic, as I attached) is bearish. Despite this, I do not think it is reasonable to sell at this point. I would rather recommend to continue observation. Buying on dips will be certainly a safer position in this trading instrument.


    buy limit 40 looks like a decent trading decision.

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  6. #6
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    XMR/USD penetrated the downward trend line during Friday trades as the $120 resistance zone was breached which confirmed the penetration of the downward trend line.
    XMR/USD trading in an upward trend in the configuration this trend supports the penetration of the bearish trend line that occurred during last Friday's trades, and we do not recommend buying at this point until the $127.70 resistance zone is breached.


    It is expected that, in case of breaking the $119.09 area may target the $110.00 area. While, in the case of the $127.70 area, you may target $145.79 areas.


    Support: 107.97 – 88.03 – 75.61.
    Resistance: 127.70 – 145.79 – 159.27.


    Direction: Upward.

    111.jpg

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  7. #7
    Trader nadezhda84's Avatar
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    xmr.png


    The XMR-USD trading instrument exhibited a side motion during the last week. The present rate is $46.33 and this is a bit lower than the weekend maximum at $47.5. The price is below 800-hours simple moving average, which is still over 49$. This is a result of an abrupt fall more than a week ago, from 57$ to 43$, the chart is attached.


    I suppose that an uptrend is more likely, but if you are not yet in the market, you need to look for a better position to buy. Also, mind huge volatility of this pair. As of today, I would only buy limit at $43.


    P.S. The prediction above works. The price moves downwards. Now it is 46.18$ and possible moderate depreciation is pretty possible.

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    Last edited by nadezhda84; 01-27-2019 at 12:04 PM.

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    Monero versus the USD made a new swing low at 43.50000 that is a show of strength from the bears who have not gotten this far and resistance a long time. Price is now trading at 44.24200, this only means that bears are a little exhausted and they are letting the bulls to push up price for a little while before they take it over again, the Bollinger band indicator is pointing down meaning real volatility for the bears. Future expectations is for price to reach 40.00000.

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    XMR/USD during last Saturday's trades penetrated the downward trend line and continued to rise to $46 areas and then landed to re-test the downward trend line. The encrypted currency succeeded in stabilizing the top of the downward trend line but failed to confirm the price of the breach.


    XMR/USD We looked at it neutral as a result of trading in a specific narrow range between $42.24 areas and up to $46.15 areas, and also because of its inability to confirm the penetration of the downward trend line.


    It is expected that in the event of a $46.31 zone penetration may target the $52.65 area. While, in the case of a fracture of the $43.20 area may target $37.96 areas.


    Support: 37.96 – 32.50 – 27.23.
    Resistance: 49.83 – 59.39 – 75.61.


    Direction: Neutral

    Untitled.jpg

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  10. #10
    Trader nadezhda84's Avatar
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    The present price of XMR amounts to 46.08 USD.


    The direction of movement is rather absent during the week elapsed from my last forecast on this instrument. Technical indicators are as follows (see the chart attached with my specific indicators): the rate is below 800 hours simple moving average; the rate is a bit above 23.6 retracement level (Fibonacci diagram); 4-hour stochastic (5,3,3) supposes a nascent uptrend.


    The recommendation is to buy at dips: buy limit at $45 and / or buy limit at $43 are both good opportunities looking ahead. Estimate our risks before your trade.

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