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
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By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, December 3rd is trying to restore after the previous selling. It is generally trading at $0.2203. On D1 of XRP/USD, the cryptocurrency may seem at the bottom. However, this impression might be false, and the decline may continue. The aim of the downtrend may be at the psychologically important level of $0.1000. On the MACD, there is a convergence forming, which means the decline is slowing down. The end of the decline will be signaled by a breakout of the resistance line and securing above it near $0.2700. On H4, after 
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Tuesday, November 26th, EOS is trying to stabilize and restore its positions after the previous fall. It is chiefly trading at $2.59. On D1, the EOS/USD pair is trading inside the mid-term channel. Currently, the price may correct upwards to $2.95. After that, the descending channel will keep forming as the price will decline to $1.95. The idea of the correction is supported by the Gold Cross forming on the MACD. On H4, the is a correction in a downtrend. Even with the seeming stability of the decline, we cannot exclude a 
By Dmitriy Gurkovskiy, Chief Analyst at RoboForex On Friday, November 22nd, the XRP keeps declining, trading at the minimum since September 30th — $0.2395. On H4, XRP/USD demonstrates the development of a downtrend after a test of the long-term resistance level. The aim of the current trend is the fractal minimum of $0.2100. We should especially note the dynamics of the MACD which is forming a convergence. In our case, it signifies a slow-down of the trend and a decline to the target level. Speaking about a pullback, it should be signaled by a breakout of the resistance line, which