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Crypto Technicals: XMR/USD fails to track gains in Bitcoin, slips below 100, bias turning bearish

Wed, 26 Jun 2019, 07:37 am UTC

XMR/USD chart - Trading View

Exchange - Binance

Support: 90.85 (50-DMA); Resistance: 113.32 (5-DMA)

Technical Analysis: Bias turning bearish

Monero fails to track gains in Bitcoin prices, bias is turning bearish.

XMR/USD is extending weakness for the 2nd straight session.

Upside was capped at 88.6% Fib and price action slipped below the $100 mark to hit weekly lows at 95.47.

Technical indicators are turning bearish. Stochs and RSI are on verge of rollover from overbought levels.

5-DMA is showing a turn and volatility is rising on the intraday charts.

Price action is consolidating break below 200H SMA and close below 21-EMA will see further downside.

Failure to close below 21-EMA will see some consolidation before the next directional move.

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

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  • Bitcoin (BTC) $10,640.00 (+0.74%)
  • Ethereum (ETH) $231.11 (-2.73%)
  • XRP (XRP) $0.316700 (+0.78%)
  • Litecoin (LTC) $91.04 (+0.73%)
  • Bitcoin Cash (BCH) $316.86 (+2.25%)
  • Bitcoin (BTC) $10,640.00 (+0.74%)
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