Invest at least $250 in D2T to gain lifetime access to our VIP Signals
Get early access to Dash 2 Trade’s Presale. Buy the D2T token now
Existing community of 70,000+ traders
Unlocks access to the leading crypto trading analysis, signals and trading tools
As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more
World class development team backed by Quant developers and VC investors
Bulls may dominate the Monero market
Monero (XMR) Price Analysis: 04 December
When the bears defend the resistance level of $144, there may be a price decrease toward the support level of $134, and $124. In case the resistance level of $144 does not hold, Monero may increase toward the resistance levels of $152, and $165
Key Levels:
Resistance Levels: $144, $152, $165
Support Levels: $134, $124, $115
XMRUSD Long-term Trend: Bullish
Monero is bullish on the daily chart. The support level of $115 rejected the bearish momentum and the price could not decrease below the support level of $134. A strong bullish daily candle emerges and the price increased. The resistance levels of $124 and $134 were broken upside and the resistance level of $152 was tested. The sellers opposed the bullish movement, it returned to the $134 level.
Monero price is trading above the 9-periods EMA and 21-periods EMA as a sign of bullish momentum. When the bears defend the resistance level of $144, there may be a price decrease toward the support level of $134, and $124. In case the resistance level of $144 does not hold, the price may increase toward the resistance levels of $152, and $165. Meanwhile, the relative strength index period 14 is at 57 levels with the signal line displaying a bearish direction.
XMRUSD Price Medium-term Trend: Bullish
Monero is on the bullish movement on the daily chart. When the crypto bottomed at the support level of $115, the price was rejected at the mentioned level of $115. The price gradually increases toward the resistance level of $144. The resistance level of $134 is a broken upside. The price may continue increasing next week.
The price is trading slightly above the 9-day EMA and the 21-day EMA which indicates bullish momentum in the Monero market. The relative strength index is at 51 levels pointing down to indicate a sell signal.
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
Highly volatile unregulated investment products. No EU investor protection.
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
