The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us

bonafides

  • Login
The Market Periodical
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
Contact Us

bonafides

The Market Periodical

bonafides

Home News

Monero Price Analysis: XMR Coin Continues To Travel In Its Small Consolidation In The Daily Time Frame

Antonio K Smith by Antonio K Smith
July 3, 2021
in News
0
XMR
380
SHARES
2.9k
VIEWS
Share on FacebookShare on Twitter
  • XMR coin trading inside a small range between the $230 and $185 level.
  • The XMR/BTC pair was trading at 0.006228 BTC with a gain of 0.14 %
  • The current price of the XMR coin stands at $215, established on the back of a 1.85 % increase in the past 24 hours.
XMR/USD on Tradingview

The XMR coin price seems to be taking some rest near the $185 support level showing a short consolidation in the chart. The range consists of $230 and $185 as the key resistance and support, respectively. Investors can wait for a breakout from any of these levels to capture a good directional move in the coin.

Regarding the EMA’s, the XMR coin shows a strong bearish trend as the price is trading below all the crucial EMA’s 20, 50, 100, and 200; in which the 20 EMA acts as an excellent dynamic resistance for the coin and also shows the 50 EMA and 200 EMA are on the verge of giving a death crossover if the price continues to move lower.

Related articles

XTZ Price Analysis: Candles resisting at $3.000(may sink further) to breakout soon.

Tezos price analysis: The bulls struggle near the crucial $2.0 level during recovery

May 25, 2022
FTM Price Analysis

FTM Price Analysis: Will rising bullishness mark a turning point for Fantom? 

May 25, 2022

The RSI (BEARISH) value is at 44, which indicates a slightly bearish momentum. However, investors can see a small bullish divergence in the RSI which could suggest a bullish breakout from this range.

XMR Coin Shows An Inverted Head And Shoulder Pattern In The 4hr Time Frame Chart

XMR/USD on Tradingview

THE XMR coin price shows an excellent inverted head and shoulder pattern in the 4hr time frame chart providing a good long opportunity for traders interested in this coin. Also, the neckline for this pattern is the same as the key resistance of the short-range in the daily time frame i.e, the $230 mark. In addition, investors can notice good coinciding of the traditional pivot level with the marked SR levels, which can be used to add more qty or adjust the stop loss of their trades.

The MACD indicator shows a bullish crossover of the MACD and the signal line indicating a buy signal, as these lines are also on the verge of crossing the neutral zone. In addition, the histogram also shows the formation of rising green bars indicating a shift in the momentum.

Conclusion: From the technical perspective, the XMR is currently taking a rest by consolidating in a small range. However, as mentioned above, the price shows some good indication of a bullish breakout from the $230 level, and if it does, traders can grab an excellent long opportunity here. However, for this to happen, the price has to break this crucial resistance level or the small range will continue its path.

Support– $200-$185

Resistance– $230

Share152Tweet95
Antonio K Smith

Antonio K Smith

Antonio is a travel photographer by profession and came across the Crypto world during his profession. Since then his love, knowledge and interest towards the technology have increased. He brings his passion to create in his articles.

Related Posts

XTZ Price Analysis: Candles resisting at $3.000(may sink further) to breakout soon.

Tezos price analysis: The bulls struggle near the crucial $2.0 level during recovery

by Nancy J. Allen
May 25, 2022
0

Tezos (TRX) looks bullish after retreating from its monthly low with gains of over 40% so far.Last night, the bulls...

FTM Price Analysis

FTM Price Analysis: Will rising bullishness mark a turning point for Fantom? 

by Antonio K Smith
May 25, 2022
0

•FTM/USD is currently priced at $0.41 and has decreased by 1.26% over the past day •The technical indicators suggest a...

Bitcoin Cash Price Analysis

Bitcoin Cash Price Analysis: BCH Coin Stuck Inside a Horizontal Range-Bound Area, What’s Next?

by Nancy J. Allen
May 25, 2022
0

Bitcoin Cash price is trading inside a range bound area over the daily chart.The crypto asset is trading below 20,...

Polygon Price Analysis

Polygon Price Analysis: MATIC Trading In a Falling Wedge, What’s the Escape Plan?

by Ritika Sharma
May 25, 2022
0

Polygon price is declining through a falling wedge pattern over the daily chart.The crypto asset is trading below 20, 50,...

NEO Price Analysis

NEO Price Analysis: NEO Recovered Around 7% This Week, But Most Recent Resistance Creates Trouble

by Antonio K Smith
May 25, 2022
0

NEO investors are managing the altcoin price well above the $10 conceptual round level in the intraday trading session.The 20-day...

Load More
  • Trending
  • Comments
  • Latest
charged-particle-backdrop

Charged Particles Helps in Making the Future of Nextgen NFTs

May 13, 2021
Powerledger

Powerledger is revolutionizing the world of energy

January 31, 2022
ETH

Ethereum Analysis: Ethereum Hits A New All-Time High of $1467; ETH On Longspan Bull Rally?

January 28, 2021
Tron Price Analysis: The Tron Voin Showcased an Attempt To Break Out From The $0.083 Mark

TRON (TRX) Analysis: Is TRON going to continue its Bullish Rally?

October 30, 2021
XTZ Price Analysis: Candles resisting at $3.000(may sink further) to breakout soon.

Tezos price analysis: The bulls struggle near the crucial $2.0 level during recovery

0
Bitfinex

Bitfinex Lets Users Earn on their Bitcoin with Celsius

0
Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

Binance Burned the Highest Number of BNB Tokens Till Day Worth $68 Million

0
Cryptocurrency

U.S. Congress Members Have Introduced 40 Bills on the Subject of Cryptocurrencies

0
XTZ Price Analysis: Candles resisting at $3.000(may sink further) to breakout soon.

Tezos price analysis: The bulls struggle near the crucial $2.0 level during recovery

May 25, 2022
FTM Price Analysis

FTM Price Analysis: Will rising bullishness mark a turning point for Fantom? 

May 25, 2022
Bitcoin Cash Price Analysis

Bitcoin Cash Price Analysis: BCH Coin Stuck Inside a Horizontal Range-Bound Area, What’s Next?

May 25, 2022
Polygon Price Analysis

Polygon Price Analysis: MATIC Trading In a Falling Wedge, What’s the Escape Plan?

May 25, 2022
  • Home
  • Contact Us
  • SUBMIT PR

© 2022 The Market Periodical

 
No Result
View All Result
  • Home
  • Markets
  • Opinion
  • Cryptocurrency
  • Blog
  • Contact Us

© 2018 JNews by Jegtheme.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password?

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?