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.
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