Monero (XMR) Daily Price Forecast – August 17

2018-8-17 09:56

XMR/USD Medium-term Trend: Ranging

Supply zones: $200.00, $210.00, $220.00
Demand zones: $60.00, $50.00, $40.00

XMR continues in the range in its the medium-term outlook. The bears had a brief control as price was down to $85.59 in the demand area and lost momentum. The bulls gradually gathered momentum and push the coin backup in the supply area at $93.08.

The 4-hour opening candle at $91.15 was bullish and the coin is currently up at $95.51 in the supply area within the range

XMR is still ranging and trading between $100.00 in the upper supply area and at $78.00 in the lower demand area of the range. Patience will be a good strategy to adopt as the coin ranges to allow for a breakout at the upper supply area to go long or breakdown at the lower demand area to go short.

XMR/USD Short-term Trend: Ranging

The cryptocurrency is in a bearish in the short-term outlook. The bearish pressure could only push price down to$89.06 in the demand area after the head and shoulder pattern formed yesterday.

Today’s opening 1-hour candle at $91.55 is a bullish and price was up $95.44 in the supply area.

The cryptocurrency is consolidating and trading between $960.10 in the upper supply area and at $85.60 in the lower demand area of the range. Traders should be patient for a breakout or breakdown before taking a position.

 

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Monero (XMR) на Currencies.ru

$ 158.56 (-0.21%)
Объем 24H $56.096m
Изменеия 24h: 1.01 %, 7d: -2.27 %
Cегодня L: $157.96 - H: $159.05
Капитализация $2.925b Rank 28
Цена в час новости $ 94.81 (67.24%)

xmr price momentum zones demand medium-term down

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