Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Privacy Coins Forum => Monero Forum => Topic started by: Shahinaz on March 25, 2019, 06:30:59 AM
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XMR/USD Long-term Trend: Bullish
Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00
XMR long-term outlook continues in a bullish trend. The bulls pushed the cryptocurrency up at $55.75 in the supply area on 20th March as the high of the week but the bears returned again for the pullback.
The bearish pressure was strong as price retested the broken supply area now a demand area on 18th March began as XMRUSD dropped to $52.36 in the demand area.
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The second retest occurred on the 21st of March. The cryptocurrency dropped to $52.06.
On each retest price did not break the upper demand area, all closed above the area an indication that the bulls may stage a comeback in this new week.
Price is above the two, MAs and the stochastic oscillator points up at 67% an indication of upward price movement in the long-term with $60.00 in the supply area as the bulls target in the new week.
source :https://bitcoinexchangeguide.com/monero-price-prediction-long-term-xmr-value-forecast-march-24/
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I do not fully believe to see the prediction above because predictions remain predictions, will not be right up to any time.
But if we see something new from MONERO then that is what can raise the price of Monero.