• Monero has pushed toward the 60.00 area on Monday as bullishness kicks in.
  • There is a firm channel on the 4-hour chart that has been well respected.

XMR/USD 4-hour chart

Monero has been bullish inline with the rest of the crypto world on Monday. The price has recently just stalled ahead of the psychological 60.00 level. The market is making consecutive higher highs and higher lows. The red resistance line is from a higher timeframe and was used as a decent support and resistance zone in the past. The next level up is at 65.30 and again is a very important historical level.

On the downside, The blue 55 EMA could be used as support. That level is very close to the green zone which is a level from one of the previous wave highs. Naturally, it is also pretty close to the 50.00 level. The RSI indicator is in the overbought area and now looks to be turning lower. This could indicate the market will be in for a short term reversal before the trend continues.

Monero Price Analysis

Additional levels

XMR/USD

Overview
Today last price 58.1882
Today Daily Change 4.9119
Today Daily Change % 9.22
Today daily open 53.2763
 
Trends
Daily SMA20 45.8363
Daily SMA50 57.4427
Daily SMA100 62.1186
Daily SMA200 59.4461
 
Levels
Previous Daily High 54.2973
Previous Daily Low 52.7212
Previous Weekly High 54.3515
Previous Weekly Low 43.8817
Previous Monthly High 70.2655
Previous Monthly Low 26.0055
Daily Fibonacci 38.2% 53.3233
Daily Fibonacci 61.8% 53.6953
Daily Pivot Point S1 52.5659
Daily Pivot Point S2 51.8555
Daily Pivot Point S3 50.9898
Daily Pivot Point R1 54.1421
Daily Pivot Point R2 55.0078
Daily Pivot Point R3 55.7182

 

 

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