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Monero "XMR" Technical Analysis | 26 July 2019

2019-07-26 09:53 am | Resource: Technical Analysis Section | No Views : 57

Monero Monero (XMR) against USD during last week failed to break the areas of $ 75.61 due to weakness of the bear.
The digital currency rebounded during last week's trading and continued to rise to areas of 88.03 $, which failed to penetrate, thus fell to areas of $ 78.79 during yesterday's trading.
Monero "XMR" Technical Analysis | 26 July 2019
The digital currency is trading through a bearish trend forming on the 240-minute timeframe. This trend supports the break of the bullish trend line and the breach of the $ 88.03 zones.
Notably, we do not fail to sell before breaking the $ 78.79 zones.

Analysis of Technical Indicators of the digital Currency Monero (XMR):

The index (ADX) indicated in the important at the moment.
The simple moving average and the slow moving average are pointing lower.
The momentum indicator of MACD with normal settings is neutral at the moment.

Outlook:

It is expected that, in the event of a cryptocurrency breach area of $ 88.03, Monero (XMR) may target the area of $ 103.66
On the other hand, in the event of a Monero (XMR) break of $ 78.79 area, digital currency may target areas of $ 71.43.
Support: 75.61 -71.43-66.84
Resistance: 88.03 - 96.65 - 107.97
Trend: Down

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