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Crypto Technicals: Monero pullback finds support at 21-EMA, eyes $100 on upside resumption

Tue, 21 May 2019, 09:40 am UTC

XMR/USD chart - Trading View

Exchange - Binance

Support: 86.49 (5-DMA); Resistance: 97.70 (trendline)

Technical Analysis: Bias Bullish

Moneros's pullback from 30-week highs finds support at 21-EMA.

XMR/USD has edged higher from lows at 74.90 (17th May low) and was trading at 90.99.

Price action has edged above 5-DMA and continued upside momentum will likely see test of $100 mark

'Golden Cross' formation on daily charts keeps scope for upside.

50-DMA is major support at 71.51. Break below 200-DMA negates any bullish bias.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.

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