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Monero (XMR) Priisanalyse: 11 septimber
In case the bulls increase their momentum, the resistance level of $169 may be broken upside, which may extend bullish trend to the high of $185 and $203. When there is an increase in the bears’ pressure, $142 support level may be broken downside, Monero price may decrease to $124 and $108 levels.
Fersetsnivo: $ 169, $ 185, $ 203
Stypjenivo's: $ 142, $ 124, $ 108
XMRUSD Lange termyntrend: fariearjend
Monero is ranging on the daily chart. The bullish movement commenced on July 14. The price increased to the high at the resistance level of $169. The bears interrupted the bulls at the mentioned level. The price retraced to test the broken level of $142 on August 19. The momentum of the sellers and the buyers became low, thus, price started a ranging movement within the $169 and $142 price levels.
Monero price is trading around the 9 periods EMA and 21 periods EMA as a sign of low momentum in the Monero market. In case the bulls increase their momentum, the resistance level of $169 may be broken upside, which may extend bullish trend to the high of $185 and $203. When there is an increase in the bears’ pressure, $142 support level may be broken downside, Monero price may decrease to $124 and $108 levels. However, the relative strength index period 14 is at 52 level with the signal line displaying bearish direction.
XMRUSD Priis Medium-termyn Trend: Ranging
Monero is on the ranging movement on 4-Hour chart. The price is range-bound within the resistance level of $169 and $142 levels. The ranging movement has been in place since July 21. The ranging movement will continue until there is a breakout at $169 or $142 level.
De priis hannelet om 'e twa EMA's mei de 9-dagen EMA ferbûn oan 21-dagen EMA dy't oanjaan dat fariearjende beweging oan 'e gong is. De relative sterkte-yndeks is op 54-nivo's dy't nei ûnderen wize om ferkeapsinjaal oan te jaan.
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