• Days
  • Hours
  • Mins
  • Secs
  • Sun, 20 Oct 2019, 03:47 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: XMR/USD extends choppy trade along 78.6% Fib, 'Bullish Divergence' keeps scope for gains

Thu, 10 Oct 2019, 10:50 am UTC

XMR/USD chart - Trading View

Exchange - Kraken

Support: 54.00 (Trendline); Resistance: 60.10 (21-EMA)

Technical Analysis: Bias Neutral

XMR/USD has been extending choppy trade along 78.6% Fib retracement level at 54.90.

The pair continues sideways grind along strong trendline support, weakness likely on break below.

Major trend in the pair has been bearish and there are no major signs of recovery seen.

The pair was trading 3.36% lower on the day at 55.48 at 10:37 GMT, bias neutral.

Stochs are showing a rollover from oversold levels. 'Bullish divergence' keeps scope for upside.

21-EMA is strong resistance at 60.10. Breakout above could see some upside. Next major resistance lies at 55-EMA at 68.42.

Breach at major support at 54.00 (falling trendline) could see test of 88.6% Fib at 46.62.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $7,964.93 (-0.02%)
  • Ethereum (ETH) $171.72 (-1.20%)
  • XRP (XRP) $0.288100 (-1.61%)
  • Bitcoin Cash (BCH) $213.43 (-0.23%)
  • Litecoin (LTC) $53.69 (+0.61%)
  • Bitcoin (BTC) $7,964.93 (-0.02%)
Oct 18, 2019 (Friday)
12:51
Telegram’s claim “Grams will not be security once TON Blockchain launches” is insufficient, argues SEC
11:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:51
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:23
US Senator comes out in support of Facebook’s crypto, finds hostility towards Libra “puzzling”
10:38
Crypto Technicals: BCH/USD tests trendline support (209), dip till 78.6% Fib (168.35) likely
10:13
IBM, Raw Seafoods partner to digitize scallops supply chain using blockchain
08:48
India’s Reliance Industries reveals blockchain plans for Bill of Lading and Letter of Credit transactions
07:48
Crypto Technicals: Ripple (XRP) erases most of previous session's gains, retrace below cloud dents further upside
07:22
Crypto exchange Upbit operator Dunamu to launch OTC trading platform for unlisted securities
06:52
Crypto Technicals: ETH/USD fails to extend recovery, resumes weakness, 167.50 (Oct 6 low) in sight
06:22
Stablecoin initiatives highlight shortcomings in cross-border payments: G7 Working Group
06:11
Crypto Technicals: LTC/USD extends choppy trade below 21-EMA, bias bearish
05:02
Crypto Technicals: BTC/USD confined to narrow range, bias bearish below 5-DMA (8132)
04:48
Telegram calls SEC’s emergency injunction “unreasonable”, argues gram tokens are not securities
Oct 17, 2019 (Thursday)
13:38
Bermuda to develop blockchain-based national ID system with Shyft and Perseid Network
12:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:48
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:59
Samsung SDS partners with Tech Mahindra and Pega to launch blockchain-based traceability solution
11:13
Telegram proposes to postpone TON blockchain project launch to April 2020, seeks investors’ consent
10:41
Crypto Technicals: TRON (TRX) resumes weakness, break below 20-DMA could see fresh multi-month lows
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft