XMR is also nearing a breakdown move led by the formation of rising wedge, a classic bearish reversal pattern.
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Category: XMR Price
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Monero Price Analysis for July 10th – XMR Correcting After Growth
After growing for two days in a row, the XMR is stepping back: on Friday, July 10th, it is trading at 65.82 USD.
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Monero Price Analysis for June 19th – XMR Needs Reason To Move
At the end of the week, the XMR activity is minimal – investors are accumulating power, waiting for fresh drivers. The cryptocurrency is generally trading at 63.97 USD.
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Monero Price Analysis for April, 17th – XMR Still Hopes For Further Growth
By Dmitriy Gurkovskiy, author at RoboForex Blog On Friday, April 17th, the XMR has stopped growing, trading at 56.60 USD. On D1, Monero looks rather typical for the whole crypto market: the quotations are developing an uptrend as a correction after a wave of decline. A local pullback has tested from above 38.2% Fibo but the next momentum of growth may rise to 50.0% (61.28 USD) and 61.8% (69.59 USD) as its main goals. A Gold Cross on the MACD confirms further growth. The main support of the current dynamics is at 42.70 USD. On H4, there is quite a stable
The post Monero Price Analysis for April, 17th – XMR Still Hopes For Further Growth appeared first on The Merkle News.
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Monero Price Analysis for March, 24th – XMR Aiming At Further Correction
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, March 24th, the XMR keeps bouncing off, generally trading at 45.38 USD. On D1 of the Monero, the last declining impulse has reached the support level of the descending channel. After a test of the support line, the quotations have started a bounce for a correction. By now, the pullback has reached 23.6% Fibo and is heading for 38.2% (52.98 USD) and 50.0% (61.28 USD). However, it should be clear that the main descending scenario is not over yet. This is confirmed by the MACD lines. After the pullback is over,
The post Monero Price Analysis for March, 24th – XMR Aiming At Further Correction appeared first on The Merkle News.
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Monero Price Analysis for December, 6th – XMR Became Less Volatile
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex After visible fluctuations in the middle of this week, Monero exchange rate reached stability by Friday close to 54.13 USD. From the technical point of view, on H4 Monero is moving inside the descending channel, thus continuing the formation of descending tendency. At the same time, one should note that after the price updated its lows and there was a convergence on MACD, the instrument resumed growing to break the resistance line. If the price breaks 57.65, it may continue moving towards the upside projected channel and reach 75.50. If the instrument tests
The post Monero Price Analysis for December, 6th – XMR Became Less Volatile appeared first on The Merkle Hash.
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