• Mon, 15 Jul 2019, 06:16 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: XMR/USD pares previous sessions' losses, close above $100 mark to propel further gains

Wed, 19 Jun 2019, 09:37 am UTC

XMR/USD chart - Trading View

Exchange - Binance

Support: 90.85 (20-DMA); Resistance: 107.65 (55W EMA)

Technical Analysis: Bias Bullish

Monero has pared previous session's losses and edged higher on the day.

The pair has broken above 61.8% Fib (97.53), near-term bias remains bullish.

Momentum studies are bullish. RSI is above 60 with further room to run. Stochs are sharply higher.

'Golden Cross' formation (bullish 50-DMA crossover on 200-DMA) keeps scope for gains.

MACD shows bullish crossover and price action is on verge of breakout at major trendline resistance at 99.50.

Volatility is rising on the daily charts. Close above $100 mark see gains upto 55W EMA at 107.65. Break above eyes 78.6% Fib at 113.89.

20-DMA is strong support at 90.85. Break below could see weakness till 50-DMA.

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

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,454.60 (-1.02%)
  • Ethereum (ETH) $226.56 (-4.68%)
  • XRP (XRP) $0.314100 (0.00%)
  • Litecoin (LTC) $89.55 (-0.95%)
  • Bitcoin Cash (BCH) $307.89 (-0.68%)
  • Bitcoin (BTC) $10,454.60 (-1.02%)
Jul 15, 2019 (Monday)
13:14
Crypto Technicals: XRP/USD extends weakness below 200-DMA, on track to test trendline support at 0.28
13:10
Draft of India’s cryptocurrency ban bill surfaces online
11:57
Shinhan Card patents blockchain-based system with credit card functionality
11:12
IOTA, MOBI, SAP, Deutsche Telekom and others join Convergence Alliance focused blockchain, AI, IoT
11:12
Crypto Technicals: LTC/USD pauses downside at 84 handle, bias still bearish
10:28
Crypto Technicals: BTC/USD holds support at 55-EMA (9854), break below will see further weakness
10:15
Enterprise blockchain firm R3 eyes IPO: Report
09:36
Bank of Thailand reviews blockchain applications in multiple areas
08:51
PayFast to stop accepting Bitcoin as payment method due to high fees, slow process time
07:17
U.S. lawmakers seek to prevent big tech companies from offering cryptocurrencies
06:03
Georgia VAT-exempts cryptocurrencies
05:50
Bitpoint Japan finds part of stolen cryptocurrency
05:02
South Korean companies team up to build blockchain-based identification system
Jul 12, 2019 (Friday)
11:40
Litecoin becomes official cryptocurrency of American football team Miami Dolphins
10:48
Crypto Technicals: Ripple breaks below 200-DMA, opens up further downside
10:40
Japanese cryptocurrency exchange Bitpoint loses $32M to hackers
09:40
US Election Commission to approve Congressional candidate's Ethereum token giveaway plans
09:16
HSBC reduces transaction time by 12 Days using Voltron blockchain platform
09:07
Amazon, Deloitte, Fidelity support IDEO CoLab's free blockchain accelerator program
09:05
Turkey considers developing central bank digital currency
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft