Monero (XMR) Price Analysis: July 18
The sellers are putting more pressure on the coin, and the price may slide downwards, the support level of $189 may be penetrated downside and the support levels of $161 and $136 may be the target. Failure to break down the support level of $189 may result to up trend towards the resistance level of $244, $281, and $322.
Key Levels:
Resistance Levels: $244, $281, $322
Support Levels: $189, $161, $136
XMRUSD Long-term Trend: Ranging
XMRUSD is ranging on the daily chart. XMR reaches high of $281 on June 03, the bearish engulfing candle appeared at the resistance level of $281. The price dropped to the support level of $189. The support level of $189 holds and the price bounces towards the resistance level of $244. The price tested the support level of $189 twice, currently the price is ranging within $244 and $189 levels.
The 21-day EMA is above the 9-day EMA on the daily chart with the price trading below the two EMAs. The sellers are putting more pressure on the coin, and the price may slide downwards, the support level of $189 may be penetrated downside and the support levels of $161 and $136 may be the target. Failure to break down the support level of $189 may result to up trend towards the resistance level of $244, $281, and $322.
XMRUSD Price Medium-term Trend: Ranging
Monero is on the ranging mode on 4-Hour chart. The price tested the support level of $189, bounces up and retested the resistance level of $244. The price is on the ranging mode between the resistance level of $244 and support level of $189. In case the resistance level of $244 holds, the price may break down $189 price level.
The 9-day EMA is interlocked with the 21-day EMA and the price is trading over and around the two EMAs, which indicate that consolidation is in progress.
You can purchase crypto coins here. Buy Tokens
- 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.