• Tue, 10 Dec 2019, 01:38 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: XMR/USD extends grind lower, turn in 5-DMA indicates more near-term weakness

Mon, 12 Aug 2019, 10:54 am UTC

XMR/USD chart - Trading View

Exchange - Kraken

Support: 88.77 (21-EMA); Resistance: 92.19 (cloud base)

Technical Analysis: Bias turning bearish

Monero extends weakness after a brief pause in previous session's trade.

XMR/USD was trading 2.06% lower at 90.46 at 10:30 GMT, bias remains bearish.

Price action grinds lower along daily cloud, which offers stiff resistance at 92.19. Breakout above cloud required for further gains.

The pair has slipped below 5-DMA (92.48) which has now turned South, suggesting more downside for the pair.

Indicators on the daily charts are turning bearish. Stochs are on verge of rollover from overbought levels.

50-DMA is immediate support at 89.85. Break below 21-EMA (88.77) will see further weakness. Dip till 20-DMA at 86.21 then likely.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $7,398.05 (-1.95%)
  • Ethereum (ETH) $148.03 (-1.97%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $209.08 (-2.34%)
  • Litecoin (LTC) $44.72 (-2.26%)
  • Bitcoin (BTC) $7,398.05 (-1.95%)
Dec 9, 2019 (Monday)
16:11
Blockchain-based social media platform Voice to release public beta in February 2020
14:49
Crypto exchange OKEx to launch options trading this month
13:19
Cryptocurrencies could replace fiat currencies by 2030, says Deutsche Bank
12:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:52
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:31
Crypto Technicals: XRP/USD halts 4 straight session's of gains, finds stiff resistance at 21-EMA
10:34
Boerse Stuttgart’s cryptocurrency exchange BSDEX opens to all German investors
09:19
Ukraine passes final regulatory law for anti-money laundering; Taps Belarus exchange for more regulatory expertise
08:31
Crypto Technicals: LTC/USD lacks upside momentum, sideways grind likely before next leg lower
08:29
Crypto Technicals: ETH/USD holds above 5-DMA, 'Golden Cross' on hourly charts keeps scope for upside
05:29
Crypto Technicals: BTC/USD shows bullish signs on intraday charts, break above 21-EMA will open upside
04:39
Microsoft unveils blockchain token and data management service
04:03
Securitize acquires Japanese blockchain consultancy firm following backing from SBI Investment
03:21
Kadena blockchain to track CBD oil in partnership healthcare-focused tech firm
03:13
Bank of China lends $2.8B to SMEs using own blockchain-based bond issuance system
Dec 8, 2019 (Sunday)
10:32
Investment group acquires green light from the SEC for Bitcoin Futures fund
10:16
SEC taps British court to acquire deposition from former Telegram chief investment advisor
Dec 6, 2019 (Friday)
13:25
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:24
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:19
Crypto Technicals: LTC/USD extends sideways, finds strong support at 42.45 (Trendline)
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft