Monero (XMR) looks to be sitting pretty at $141 which is just above its 100 day simple moving average (SMA), now $137.91. The 100 SMA has provided solid support for XMR since it was tested in June 2020. XMR's bullish price trend has seen a series of higher highs and higher lows over the past 6 months.
Monero reached a recent high of $190.22 on 10 January of this year. We have seen a pullback to the 100 SMA after that high. XMR is currently 25.80% off that recent top and therefore looks interesting here.
Furthermore, Stochastics were in the oversold region last week and now appears to be confirming a reverse in trend. MACD looks to be on the cusp of turning positive and the RSI is the final indicator which is improving and at the 48 level, closing in on the 50 level. A cross of the 50 RSI would confirm this bullish set-up.
She is perched on the wire and ready for takeoff. Long XMR since November 2019.
Monero reached a recent high of $190.22 on 10 January of this year. We have seen a pullback to the 100 SMA after that high. XMR is currently 25.80% off that recent top and therefore looks interesting here.
Furthermore, Stochastics were in the oversold region last week and now appears to be confirming a reverse in trend. MACD looks to be on the cusp of turning positive and the RSI is the final indicator which is improving and at the 48 level, closing in on the 50 level. A cross of the 50 RSI would confirm this bullish set-up.
She is perched on the wire and ready for takeoff. Long XMR since November 2019.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。