Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Ranging movement continues in Monero market
Monero (XMR) Price Analysis: October 21
Should sellers gain more pressure, $134 support level may be penetrated downside, Monero price may reduce to $124 and $115 levels. Inability to break down $134 level may leads to an increase in price through buyers’ pressure, the resistance level of $152 may be broken upside, which may extend bullish trend to the high of $165 level.
Key Levels:
Resistance Levels: $144, $152, $165
Support Levels: $134, $124, $115
XMRUSD Long-term Trend: Ranging
On the daily chart, Monero is ranging. When the support level of $134 was tested on September 21, the sellers lose momentum and the price could not go below the level. The price pulled back towards the resistance level of $144. Buyers struggled to penetrate the resistance level of $144 to $152 but sellers keep on defending the resistance level. The just mentioned scenario made the price continue a ranging movement within the $152 and $134 levels.
Monero price retain its trading over and around the 9 periods EMA and 21 periods EMA as a sign of ranging movement in the Monero market. Should sellers gain more pressure, $134 support level may be penetrated downside, Monero price may reduce to $124 and $115 levels. Inability to break down $134 level may leads to an increase in price through buyers’ pressure, the resistance level of $152 may be broken upside, which may extend bullish trend to the high of $165 level. However, the relative strength index period 14 is at 48 levels with the signal line displaying no specific direction.
XMRUSD Price Medium-term Trend: Ranging
Monero is on the ranging movement on 4-Hour chart. Buyers are yet to gain more momentum that will break up the resistance level of $152. Likewise, sellers’ momentum remains weak and the support level of $134 still holds price. Ranging movement may continue until there is a breakout at either $152 resistance level and support level of $134.
The price is still hovering over the two EMAs with the 9-day EMA remains interlocked to 21-day EMA which indicate that ranging movement is in progress. The relative strength index is at 52 levels displaying no specific direction. .
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