MONERO (XMR) Daily Price Forecast – October 22

2018-10-22 15:46

XMR/USD Medium-term Trend: Ranging

Resistance Levels: $122, $124, $126
Support Levels: $96, $92, $88

There has not been a definite difference from the price ranging movements manner that the XMR/USD market has witnessed over a week and a couple of days. On October 16, $106.50 price levels marked the recent high point that the crypto has obtained until now.

Around Oct. 18, the middle Bollinger Band was intercepted by the 50-day SMA from the top as price in the process managed to touch the lower Bollinger Band a bit below a $104 horizontal price level within the $108 and $100 ranges. Observantly, the Bollinger Bands and the 50-day SMA are all within the range-bound zone. The Stochastic Oscillators have crossed and moved towards range 40 to point south. That shows that lower lows are still likely to be experienced in the XMR/USD market. Traders may wait for a bearish reversal to enter a long position.

XMR/USD Short-term Trend: Ranging

Recently in the past few days, XMR/USD tried to move beyond the $106 market price value. But that price level has only turned out as a testing or a rejecting price point where the market has been making a notable reversal.

Yesterday, the market was ranging along with the upper Bollinger Band by majorly featuring lower highs as price averaged towards the $106 upper range. In the short-term run, the $106 and $102 are been observed as the range-bound zones.

Today, the market appeared showing a short bearish candlestick but, it eventually moved feebly northwards to touch the middle Bollinger Band. Presently, the market has been ranging between the middle and lower Bollinger Bands as the 50-day SMA is also located within them. The Stochastic oscillators have penetrated twice into the oversold zone to point north. This signifies that some ups may soon be experienced in the XMR/USD market. Traders may watch out for a decent buying entry within the $103 and $102 price levels.

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute inancial advice. Always do your own research.

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Monero (XMR) на Currencies.ru

$ 134.8 (+0.01%)
Объем 24H $29.171m
Изменеия 24h: -0.60 %, 7d: 0.94 %
Cегодня L: $134.42 - H: $134.8
Капитализация $2.486b Rank 46
Цена в час новости $ 104.93 (28.47%)

levels price xmr ranging usd october couple

Источник: bitcoinexchangeguide.com

levels price → Результатов: 126


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