1 X monero monero =


14 December 2019

Top-5 Crypto Performers: BNB, BTC, XMR, LEO, DASH

Top-5 Crypto Performers: BNB, BTC, XMR, LEO, DASH

smart summary beta

The price did not close (UTC time) below the 20-week EMA, which is a positive sign.

If bears break below $24.1709, the pair will enter a downtrend and might correct to $18.30.

The uptrend will resume if bulls sustain the price above the uptrend line.

The failure of bulls to sustain above the downtrend line is a negative sign.

However, the trend remains up and every dip should be viewed as a buying opportunity until the price remains above the 20-week EMA. .

If the price rises and sustains above the downtrend line within the next couple of weeks, we anticipate a rally to the recent highs of $13,973.50.

Contrary to our assumption, if the BTC/USD pair reverses direction from current levels and plummets below the 20-week EMA, it will signal profit booking by bulls and selling by bears.

The XMR/USD pair rallied above the 20-week EMA, but could not reach our first target of $107.

If the price bounces off the 20-week EMA, we anticipate bulls to again attempt to propel the price above $98.2939.

Conversely, if the price dips below the 20-week EMA, but stays above $81.4151, it will remain range-bound for a few weeks.

Currently, the price has bounced off the support at $1.20 and is attempting to rise above the 20-day EMA.

Conversely, if the price fails to scale above $1.40, the range bound action between $1.20 and $1.40 will continue for a few more days.

We suggest that traders wait for the price to break out and sustain above the 50-day SMA before turning positive. .

The price has been trading below both moving averages for the past four weeks and the RSI is in the negative zone, which is a bearish sign

Unless the price quickly rises above the moving averages, we expect bears to attempt a breakdown of $95.4264

Conversely, if the bulls succeed in propelling the pair above both moving averages, we expect a rally to $160 and above it to $188.5598

We suggest traders wait for the price to rise above both moving averages before initiating long positions

Goto Full Article

monero monero price



Live Average


News Article Sentiment


Score (0)

Article Metadata


Market data feeds provided by
bitsmart 2018