MONERO (XMR) Long-Term Price Forecast-February 2

2019-2-3 01:22

XMR/USD Long-term Trend: Ranging

Supply zone: $100.00, $110.00, $120.00
Demand zone: $30.00, $20.00, $10.00

XMR long-term outlook remains in a range-bound market. $47.03 in the supply area was the high of the week as the bears dominate the market to $42.08 in the demand area as the low of the trading week.

The bears ensured that the cryptocurrency stays below the 10-EMAs throughout the week just ending.

Price is obviously below the 10-EMA with the stochastic oscillator signal pointing down at 21% an indication of bearish continuation within the range.

The cryptocurrency is in consolidation and trading between $60.00 in the upper supply area and at $40.00 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower demand area will occur hence patience is required before taking a position.

 

 

 

 

The views and opinion as 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

$ 205.66 (-0.15%)
Объем 24H $52.623m
Изменеия 24h: -1.29 %, 7d: -8.66 %
Cегодня L: $205.17 - H: $211.18
Капитализация $3.794b Rank 28
Цена в час новости $ 42.76 (380.96%)

xmr long-term week demand zone area bears

xmr long-term → Результатов: 19