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Crypto Discussion Forum => Cryptocurrency Trading => Cryptocurrency Price Speculations => Topic started by: Nikko on September 25, 2018, 07:48:24 AM

Title: XMR/USD Price Analysis Sept. 24, 2018
Post by: Nikko on September 25, 2018, 07:48:24 AM

Monero has pulled back to the 20-day EMA, which should act as a strong support. If the bulls secure a rebound from the moving average, a rally to $140 is probable.

(https://i.imgur.com/QeqEtgc.png)

The XMR/USD pair is currently stuck inside the symmetrical triangle. A breakout of the triangle and $150 might start a new uptrend. Therefore, traders can keep the stops on their long positions at $100.

If the 20-day SMA and the 50-day SMA fail to provide support, a retest of the $81 level could be possible.

Source (https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-stellar-litecoin-cardano-monero-dash-price-analysis-september-24)

Title: Re: XMR/USD Price Analysis Sept. 24, 2018
Post by: sirty143 on September 27, 2018, 03:52:09 AM

Currently, Monero (XMR) is trading at $117.00 with XMR price 1.60% up today. The market capitalization of Monero is $1,923,434,789 billion with 16,440,291 XMR coins in circulation. The 24-hour price movement chart indicates that $29,215,447 worth of XMR were trading. The price peaked at $117.82 in the last 24 hours while the lowest price was $112.89. Source: https://coinmarketcap.com/currencies/monero/

Title: Re: XMR/USD Price Analysis Sept. 24, 2018
Post by: Crypto on September 29, 2018, 01:49:41 PM

Though Monero has held the 20-day EMA for the past four days, it has failed to sustain above $120. This shows selling at higher levels. The bears will now attempt to break below the 20-day EMA and push the price towards the 50-day SMA.

Source (https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-stellar-litecoin-cardano-monero-dash-price-analysis-september-28)

Title: Re: XMR/USD Price Analysis Sept. 24, 2018
Post by: Crypto on October 11, 2018, 04:56:14 PM

The bears are attempting to break down of the 50-day SMA and push Monero to the support at $107.8. Both moving averages are flat and the RSI is marginally in the negative zone, indicating a likely continuation of the range bound action for a few more days.
A break down of $107.8 can result in a drop to $103, and further tp $96. Therefore, traders can raise the stops on the long positions to $106 – let’s reduce the risk. The XMR/USD pair can rally to $142 if the bulls sustain above the overhead resistance of $128.65.

Source: https://cointelegraph.com/news/bitcoin-ethereum-ripple-bitcoin-cash-eos-stellar-litecoin-cardano-monero-tron-price-analysis-october-10