Monero Daily Outlook

Monero is the leading cryptocurrency focused on private and censorship-resistant transactions.

A private, decentralized cryptocurrency that keeps your finances confidential and secure.

The sender, receiver, and amount of every single transaction are hidden through the use of three important technologies: Stealth Addresses, Ring Signatures, and RingCT.

XMRUSD performed well in the past two days.

Any daily close above $180 confirms further bullishness.

XMRUSD gained more than 8% in the past two days. The pair holds well above the short-term (21 and 55 EMA) and long-term moving average. It hit a high of $162.97 and is currently trading around $161.88.

The bullish invalidation can happen if the pair closes below $140. On the lower side, the near-term support is $150. Any break below target $140/$134/$115. significant downtrend if it breaks $100.

The immediate resistance stands at around $180. Any breach above confirms bullish continuation. A jump to $200/$216 is possible. A surge past $216 will take it to $229/$250.

It is good to buy on dips around $155 with SL around $140 for TP of $200.

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