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Moneo(XRM) Nothern Journey begins

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Monero [XMR] bulls defended $152 support- Is $168.8 achievable

Strategy Bullish
Profit Target 168-172

If Break above 179USD and 3days closing successfull above 179 The strategy turns to Tend Strategy Bullish
Risk Management: Proper trailing stop

XMR dropped to its previous parallel channel’s mid-level of $152 after BTC retreated to 26K on 28 March. The $152 level also coincided with the Fixed Range Volume Profile’s POC (point of control) line, which attracted increased trading volume.

The recovery blasted above the local resistance at $157.6. Bulls could push XMR to $168.8 if they clear the obstacle at $165. A strong BTC upswing into could tip XMR to target other key resistance levels, including $179 and $187.

A close below $157.6 could attract bears into the market. However, bears must clear the $152 hurdle to gain market leverage to sink XMR to $145 or $135.

The Relative Strength Index (RSI) dropped but rebounded and was above the 50 mark at press time, showing increased buying pressure in the past few days.

Similarly, the On Balance Volume (OBV) exhibited an uptick, showing XMR saw increased trading volumes as demand soared in the past few days.

Monero [XMR] registered mixed performance in Q1, 2023. It appreciated by 40%, rising from $148 to $187 in January. In February, it consolidated before sustaining a price dump in mid-March, sinking it to $135. But XMR saw aggressive demand at the $135 level, setting it up for recovery.

Bitcoin [BTC] zoomed to the level before retreating to 28K – indicating a bullish sentiment despite the increased U.S. regulatory pressure on the crypto industry.

If BTC reclaims the and surges upwards, XMR could attempt to retest or break above a crucial stiff resistance level.

In addition, XMR saw more liquidation of short positions than long positions. About 45.5K in short positions were liquidated in the past 24 hours, while only 3.7K in long positions were wrecked in the same period.

It shows short-positions were paying long-positions – an underlying bullish sentiment that could boost the uptrend.

But investors should track BTC’s price action to determine whether XMR could overcome the obstacle at $165.

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Friday26.May is the Big Day of this week
US Stocks Lack Direction as Investors Eye Debt Ceiling and Inflation report

the yield on the US 10-year Treasury note rebounded from early losses to trade slightly higher at 3.7%, the highest since mid-March, as traders assess the monetary policy outlook and the debt ceiling impasse in the US. On Monday, Fed’s Kashkari said a June rate pause or hike is a close call and St. Louis Fed President Bullard said the Fed may still need to raise rates by another half-point this year. Last Friday, Fed Chair Powell mentioned that because of stress in the banking sector, it might be unnecessary to further raise rates to curb inflation. The likelihood of a pause in the rate hike cycle has been fluctuating, but currently, traders are assigning a 78% probability that the Fed will maintain the rates steady in June. Simultaneously, President Biden is scheduled to meet with House Speaker Kevin McCarthy on Monday to continue negotiations regarding the debt ceiling. This follows an unsuccessful meeting between key negotiators on Friday.

US stocks traded around the flatline on Monday, as investors remain concerned about the sustainability of US government debt. President Biden and House Speaker Kevin McCarthy are set to continue negotiations on the debt ceiling today following a failed meeting on Friday. Treasury Secretary Yellen said on Sunday that the likelihood of the Treasury paying all US bills by June 15th is quite low. Meanwhile, traders continue to follow comments from several Fed officials: Fed’s Kashkari said a June rate pause or hike is a close call and St. Louis Fed President Bullard said the Fed may still need to raise rates by another half-point this year. On the corporate front, shares of Micron Technology fell nearly 4% after China banned some Chinese tech manufacturers from using the company's chips. Stocks of Apple were also down about 1% after Loop Capital downgraded its stock to hold from buy. Meta stocks were also under pressure after the firm has been fined by European regulators.

US futures were around the flatline on Monday, as investors remain concerned about the sustainability of US government debt. President Biden and House Speaker Kevin McCarthy are set to continue negotiations on the debt ceiling today following a failed meeting on Friday. Meanwhile, Treasury Secretary Janet Yellen said on Sunday that the likelihood of the Treasury paying all US bills by June 15th is quite low. On the corporate front, shares of Micron Technology fell more than 4% in premarket trading after China banned some Chinese tech manufacturers from using the company's chips. Stocks of Apple were also down about 1% after Loop Capital downgraded the company’s stock to hold from buy. Meta stocks lost nearly 1% after the firm has been fined a record €1.2 billion by European privacy regulators.

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Some school kids asked me about Bitcoin and Cryptos. How would you explaine to a kid wht crypto is ,and debt cieling? Interesting is that they have heard about it....

Imagine Bitcoin and cryptos as a special kind of digital treasure or virtual money.
more and more people are becoming interested in this digital treasure because they think it's valuable.
the Bitcoin price going up over time, like a roller coaster ride going higher and higher.
as more people want to own Bitcoin, its price increases because there is a limited amount available, just like rare toys or collectibles becoming more expensive when everyone wants them.
Understanding Volume and its Importance:

Volume means how much of something is being bought or sold
when there is a lot of buying and selling of Bitcoin (high volume), it shows that many people are interested in it, and this can affect its price.
Mention that high volume means there are lots of people who believe Bitcoin is valuable and want to own it, so its price can go up.
USA Debt Ceiling and Bitcoin's Rise:

Debt ceiling is like a limit or cap on how much money the government can borrow.
when there are concerns about the debt ceiling, it can create uncertainty about the economy and the value of regular money.
some people might think Bitcoin is a better choice because it's not controlled by any government and is seen as a more stable and valuable option.
that cryptocurrencies like Bitcoin and Ethereum are related to these sectors because they can be used in various ways within them.
For example, in technology, people can use Bitcoin to buy computer parts or software.
a person using Bitcoin to buy a computer or video game.
In biotechnology, mention that Ethereum's technology can be used to create secure systems for storing medical records or sharing research data.
Sectors Benefiting from Bitcoin and Ethereum:
sectors where people want to make fast, secure, and global transactions can benefit from Bitcoin and Ethereum.
For online shopping, people can use Bitcoin or Ethereum to buy things quickly and securely without needing a credit card.
For gaming, some games allow players to earn or trade virtual items using cryptocurrencies like Bitcoin or Ethereum.
Picture of a game character buying or selling virtual items with Bitcoin or Ethereum.

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XRP Bulls to Retarget $0.48 on SEC v Ripple-Related News

New Book Reveals Central Banks' Role in Libor and Euribor Rate-Rigging Scandals
According to an extract from a book called “Rigged,” central banks and global policymakers helped coordinate the rate-rigging scandals Libor and Euribor on a large scale.
XRP needs to avoid the $0.4598 pivot to target the First Major Resistance Level (R1) at $0.4695. A move through the Monday high of $0.46747 would signal a bullish session. However, SEC v Ripple updates and US debt ceiling-related news must support a breakout session.

In the case of an extended rally, XRP would likely test the Second Major Resistance Level (R2) at $0.4772 and resistance at $0.48. The Third Major Resistance Level (R3) sits at $0.4947.

A fall through the pivot would bring the First Major Support Level (S1) at $0.4520 into play. However, barring a crypto event or risk-off-fueled sell-off, XRP should avoid sub-$0.4450 and the Second Major Support Level (S2) at $0.4423. The Third Major Support Level (S3) sits at $0.4248.

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Selling Pressure,Weakenning of UsDollar, thats good for Euro. Strong Euro is GOOD,no VERY GOOD for SP500;NASDAQ;DOW JONES; GOLD;BITCOIN;CRYPTOS: Everything against Dollar.

Look also my NVIDIA Forecast Chart performed: Nailed it! Weak US DOllar also good for Tech Stocks, Bio Pharma and Tech have Highly positive correltions with Bitcoin and Ethereum, and vice versa. NVIDIA : Top Performer

Friday is the Big Day of the Week: aND IT WILL BE VERY BUISY. RGHT AFTER THE bELL PMI and Inflation DATA!

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ADA, MATIC, SOL face the music as Robinhood delists tokens
Hours after Robinhood delisted ADA, MATIC, and SOL, the price action of the tokens was not what participants would have hoped for.

Matic Polygon eyes 200% gains on Polygon

Ethereum continues to dominate the crypto sector, with increased TVL and notable growth on DEXs. NFT sector however, does not witness the same level of progress.

XRP Ripple is making a correction within uptrend

Should Shiba Inu traders be worried as Shibarium launch date remains uncertain

Solana prices dive 42% within a week, will there be a quick recovery
Solana nears an important resistance
Bitcoin’s Implied Volatility declined rapidly indicating the anticipation of low fluctuations of price from the options market.

BTC Bitcoin long but Bear Trap Below 25117

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Asian Stock Market: Bulls and bears jostle at monthly top ahead of central bank decisions
Asia-Pacific shares grind near one-month highs amid cautious mood.
Softer Japan inflation, hopes of no PBOC rate hike underpin mildly positive risk appetite.
Holidays in Australia, light calendar elsewhere join pre-Fed anxiety to limit market moves.

Gold price is looking to extend Friday’s pullback from five-day highs of $1,973 on Monday. Despite the retreat, Gold price maintains its last week’s range, as investors turn cautious ahead of a big week, with eyes on the United States (US) Consumer Price Index (CPI) and US Federal Reserve policy announcements