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Iinkunzi zenkomo zinokulawula imarike yeMonero
I-Monero (XMR) Uhlalutyo lwexabiso: 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
Amanqanaba aphambili:
Amanqanaba okumelana nawo: $ 144, $ 152, $ 165
Amanqanaba enkxaso: $ 134, $ 124, $ 115
IXMRUSD yexesha elide iTrend: 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.
Ixabiso leXMRUSD kwiXesha eliPhakathi leTrend: 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.
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