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Monero (XMR) Priisanalyse: 07 augustus
Should the bulls exert more pressure, the resistance level of $185 will be tested, the price may increase to $203 and $204 resistance levels. In case the bears defend $185 price level, it may decline towards the support level of $167, $142 and $124.
Key Levels:
Fersetsnivo: $ 185, $ 203, $ 204
Stypjenivo's: $ 167, $ 142, $ 124
XMRUSD Trend op lange termyn: Bullish
Monero is bullish on the daily chart. The price bounced up and steadily increasing with pressure from the bulls after the formation of double bottom chart pattern at the support level of $108. The former resistance level of $124 and $167 is broken upside. Before the end of last week market, it increased above the $167 level. There is tendency for the continuation of price increase next week.
Monero price is trading slightly above the 9 periods EMA and 21 periods EMA as a sign of bullish market. Should the bulls exert more pressure, the resistance level of $185 will be tested, the price may increase to $203 and $204 resistance levels. In case the bears defend $185 price level, it may decline towards the support level of $167, $142 and $124. The relative strength index period 14 is at 66 levels with the signal line pointing up displaying a bullish direction.
XMRUSD Priis Medium-termyn Trend: Bullish
Monero is on the bullish movement on 4-hour chart. On July 14, the resistance level of $124 was broken upside with the momentum of the bulls. The price was range-bound within the resistance level of $124 and support level of $108 before the breakout. More bullish candles were produced and the price gradually broken up $142 and $167 levels. 
De priis hannelet boppe de 9-dagen EMA en de 21-dagen EMA dy't in bullish beweging oanjaan. De relative sterkte-yndeksperioaden 14 is op 61-nivo's dy't nei ûnderen wize om ferkeapsinjaal oan te jaan dat in weromlûking kin wêze.
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