Monero technical analysis: XMR/USD falls by 3.54% in the early hours of Friday

10/04/2019 05:45:13 GMT|ByRajarshi Mitra

XMR/USD dropped from $56.42 to $54.42 so far today.
The RSI indicator is creeping along at the edge of the oversold zone.

XMR/USD daily chart

The XMR/USD daily chart has formed a downwards channel formation and is trending below the 200-day, 50-day and 20-day Simple Moving Average curves (SMA 200, SMA 50 and SMA 20). The Relative Strength Index (RSI) indicator is creeping along at the edge of the oversold zone.

XMR/USD four-hour chart

The four-hour XMR/USD price has found resistance at the SMA 20 and SMA 50 curves. The 20-day Bollinger band has narrowed, indicating decreasing market volatility. The Elliott Oscillator shows two straight bearish sessions.

XMR/USD hourly chart

The hourly chart has taken a nosedive and gone below the red Ichimoku cloud. The price fell from $57 to $54.60 within two hours and is currently trending below the SMA 200, SMA 50 and SMA 20 curves. The Moving Average Convergence/Divergence (MACD) indicator shows that market momentum has reversed from bullish to bearish.

Key Levels

XMR/USD

Overview
Today last price	54.8232
Today Daily Change	-1.5369
Today Daily Change %	-2.73
Today daily open	56.3601

Trends
Daily SMA20	66.0352
Daily SMA50	72.9009
Daily SMA100	80.7291
Daily SMA200	78.6891

Levels
Previous Daily High	57.3893
Previous Daily Low	54.4056
Previous Weekly High	74.1202
Previous Weekly Low	54.7074
Previous Monthly High	82.3322
Previous Monthly Low	53.475
Daily Fibonacci 38.2%	56.2495
Daily Fibonacci 61.8%	55.5453
Daily Pivot Point S1	54.714
Daily Pivot Point S2	53.0679
Daily Pivot Point S3	51.7303
Daily Pivot Point R1	57.6977
Daily Pivot Point R2	59.0353
Daily Pivot Point R3	60.6814

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