MONERO (XMR) Long-Term Price Forecast- January 12

2019-1-12 16:17

XMR/USD Long-term Trend: Ranging

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook remains in a range-bound market. The week opened with a bullish marubozu candle with XMRUSD up at $56.53 in the supply area with the bulls poised for an upward journey to the upper supply area. But the bullish momentum was lost at $55.28 in the supply area on 7th January.

The bears taken over market control was confirmed on 10th January with a large bearish engulfing candle after a series of two inverted daily bearish doji. XMRUSD made a low of $44.27 in the demand area.

Price is below the two EMAs and the stochastic oscillator signal points down at 15% which implies downward momentum in as the days ahead within the range.

The cryptocurrency is in consolidation and trading between $60.50 in the upper supply area and at $38.50 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area will occur hence patience is required before taking a position.

 

 

 

 

The views and opinion as expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Monero (XMR) на Currencies.ru

$ 135.23 (-0.20%)
Объем 24H $30.011m
Изменеия 24h: -0.09 %, 7d: 0.93 %
Cегодня L: $134.72 - H: $136.21
Капитализация $2.493b Rank 46
Цена в час новости $ 46.11 (193.28%)

xmr supply long-term area zone bullish xmrusd

xmr supply → Результатов: 38


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2019-1-10 14:47


MONERO (XMR) Long-Term Price Forecast- December 23

XMR/USD Long-term Trend: Ranging Supply zone: $100.00, $110.00, $120.00 Demand zone: $30.00, $20.00, $10.00 XMR long-term outlook is a range-bound market. The bullish doji that started last week trading session was a signal to the bulls gradual returned but confirmation came on 17th December after the formation of a bullish engulfing candle which closed above […]

2018-12-23 03:29