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Monero Technical Analysis | 30 November 2018

2018-11-30 09:08 am | Resource: Technical Analysis Section | No Views : 1613

Monero Technical Analysis | 30 November 2018 Monero (Xmr) broke the support area of ​​75.61 $ during the week last week as a result of the pressure of sellers and continued to fall to break areas of 59.39 $ and then stopped falling with the touch of $ 53.15.
Rebounded during the week from $ 53.15 and continued to rise as high as $ 65.37.
Monero Technical Analysis | 30 November 2018
The digital currency is trading in a downtrend in the configuration on the 240-minute time frame. Signs of weakness of the trend started to appear, such as the failure of the support area of ​​$ 59.39, the formation of a higher top and finally the position of the technical indicators.
The simple moving average and the slow moving SMA are currently neutral as a result of the overlap with the price action.
The momentum indicator of MACD with regular settings is currently neutral.

Outlook:

It is expected that, in the event of a breach of the encrypted currency Monero Zone $ 65.73 may target the area $ 88.03
On the other hand, if the encrypted currency is broken for the $ 53.20 area, areas of $ 49.83 may be targeted.
Support: 59.39 - 49.83 - 40.00
Resistance: 75.61 - 88.03 - 96.65
Trend: Down

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