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Monero "XMR" Technical Analysis | 12 September 2019

2019-09-12 09:22 am | Resource: Technical Analysis Section | No Views : 16

Monero The digital currency Monero (XMR) against USD continued to rise until the last day's teardrop trading, reaching $ 79.30 areas.
As a result of sellers' pressure on the cryptocurrency it failed to breach $ 75.61 and thus fell to break the $ 75.61 support areas, continued to bleed and is currently trying to break the $ 71.43 zones.
Monero "XMR" Technical Analysis | 12 September 2019
Cryptocurrency Monero (XMR) is trading in a sideways direction over the interval of 240 minutes as a result of trading through a symmetrical classic pattern.

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

The ADX indicator is currently bearish.
The SMA and the Slow SMA are neutral as a result of overlapping price action.
Momentum indicator is normal with neutral momentum.

Outlook:

It is expected that, in case of digital currency breach $ 74.14 area, Monero (XMR) may target $ 76.00 zone.
On the other hand, if the cryptocurrency breaks the $ 70.00 zone, Monero (XMR) might target $ 66.84 zones.
Support: 71.43-66.84- 55.00
Resistance: 75.61–88.03 - 96.65
Trend: SideWay

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