I-Monero (i-XMR) Ixabiso linokuthi liPhuke kwiNqanaba lokuchasa i-$ 185

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Uhlalutyo lwamaxabiso e-Monero (XMR) ngo-Matshi 06

When the bulls break up the resistance level of $185, there may be an increase towards the resistance level of $216 and $250. In case the resistance level of $185 holds, bears may gain more pressure and the price will decrease towards the support levels of $142, $122 and $102

Amanqanaba aphambili:

Amanqanaba okumelana nawo: $ 185, $ 216, $ 250

Amanqanaba enkxaso: $ 142, $ 122, $ 102

I-XMRUSD yexesha elide iTrend: Ranging

Monero is ranging on the daily chart. The ranging movement in the XMR market commenced on January 24 when the price reached the support level of $142 and the bearish momentum failed. The bearish pressure failed and price consolidates for short period of time before the bulls pushed up the price to $185 level. The bulls’ pressure is considered lower than the resistance level of $185; the scenario make the price, ranging within the just mentioned level above.

Yonke imihla 1

Monero price is trading around the 9 periods EMA and 21 periods EMA as a sign of ranging market.   When the bulls break up the resistance level of $185, there may be an increase towards the resistance level of $216 and $250. In case the resistance level of $185 holds, bears may gain more pressure and the price will decrease towards the support levels of $142, $122 and $102. However, the relative strength index period 14 is at 47 levels with the signal line displaying bearish direction.

Ixabiso leXMRUSD kwiXesha eliPhakathi leTrend: Ukutshintsha

Monero is on the ranging movement on daily chart. The price is range-bound within the resistance level of $185 and support level of $142. The momentum of the bulls is not yet strong enough to break up the resistance level of $185. In the same way, the bears’ pressure is low compare with the barrier at support level of $142. Ranging movement may continue until there is a breakout.

Iiyure ezi-4 2

The price is trading over and around the 9-day EMA and the 21-day EMA which indicate a ranging movement. The relative strength index periods 14 is below 42 levels pointing down to indicate sell signal.

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U-Azeez Mustapha yingcali kwezorhwebo, umhlalutyi wemali, umhleli weempawu, kunye nomphathi wezezimali ngaphezulu kweminyaka elishumi yamava kwicandelo lezemali. Njengombhali webhlog kunye nombhali wezemali, unceda abatyali mali baqonde iikhonsepthi ezintsonkothileyo zemali, ukuphucula izakhono zabo zotyalo-mali, kunye nokufunda ukulawula imali yabo.

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