Monero (XMR) Price Analysis: March 27
Should the bears defend $216 price level, price may decline towards the support level of $185, $142 and $122. Should the resistance level of $216 is broken upside, the price may increase to $250 and $293 resistance levels.
Key Levels:
Resistance Levels: $215, $250, $293
Support Levels: $185, $142, $122
XMRUSD Long-term Trend: Bullish
Monero is bullish on the daily chart. The formation of double bottom chart pattern on the daily chart at the support level of $142 triggers the bullish momentum. The price bounces up with formation of more bullish candles. The former resistance level of $185 has turned to support level and it increases toward the resistance level of $216. At the moment, bulls are dominating the Monero market and it is trying to break up the just mentioned level.
Monero price is trading above the 9 periods EMA and 21 periods EMA as a sign of bullish market. Should the bears defend $216 price level, price may decline towards the support level of $185, $142 and $122. Should the resistance level of $216 is broken upside, the price may increase to $250 and $293 resistance levels. The relative strength index period 14 is at 65 levels with the signal line pointing up displaying a bullish direction.
XMRUSD Price Medium-term Trend: Bullish
Monero is on the bullish movement on 4-hour chart. two weeks ago before the breakout, the price was range-bound within the resistance level of $185 and support level of $142. The momentum of the bulls increased to break up the resistance level of $185 on March 08. Pprice retracement was carried out towards dynamic support level. At the moment, the price is testing the resistance level of $216.
The price is trading above the 9-day EMA and the 21-day EMA which indicate a bullish movement. The relative strength index periods 14 is at 74 levels pointing up to indicate buy signal.
You can purchase Lucky Block here. Buy LBlock:
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.