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Crypto Technicals: XMR/USD holds 21-EMA support, bearish divergence on RSI and Stochs weighs

Fri, 17 May 2019, 12:27 pm UTC

XMR/USD chart - Trading View

Exchange - Binance

Support: 75.14 (21-EMA); Resistance: 84.40 (5-DMA)

Technical Analysis: Bias Bearish

Monero extends weakness in sync with the crypto space

Price action is holding support at 21-EMA, break below will see weakness

RSI has rolled over from overbought levels and Stochs are on verge of bearish rollover

Bearish divergence on RSI and Stochs keeps scope for weakness

Break below 21-EMA will see dip till 66.35 (trendline support)

Major trend is still bullish. Bearish continuation below 200-DMA

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

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