• Monero is one of the outperformers on Thursday rising over 6%.
  • The price tested the top of the channel but stopped at 50.00.

XMR/USD 1-hour chart

Monero is one of the clear outperformers of the session on Thursday, In fact the structure of the chart is much more bullish than most of its counterparts. The pair continues to make higher highs and higher lows but the up waves had been losing momentum.Now it seems the price has stalled at the 50.00 psychological level and this zone matched with the top of the channel.

The price is trading above the blue 50 EMA and the 200 SMA. This is seen as a bullish sign and keep an eye on the moving averages to see if they provide some support. On the downside, 45.50 could also be an area of support as it has been used a few times in the past. Also higher up a break of 50.00 could lead to a test of the next resistance zone at 52.76.

Monero rising channel

Additional levels

XMR/USD

Overview
Today last price 50.032
Today Daily Change 3.0567
Today Daily Change % 6.51
Today daily open 46.9753
 
Trends
Daily SMA20 45.344
Daily SMA50 65.554
Daily SMA100 61.7763
Daily SMA200 60.8855
 
Levels
Previous Daily High 48.0972
Previous Daily Low 45.1715
Previous Weekly High 45.5228
Previous Weekly Low 29.3242
Previous Monthly High 96.8144
Previous Monthly Low 66.0405
Daily Fibonacci 38.2% 46.2891
Daily Fibonacci 61.8% 46.9795
Daily Pivot Point S1 45.3988
Daily Pivot Point S2 43.8223
Daily Pivot Point S3 42.4731
Daily Pivot Point R1 48.3245
Daily Pivot Point R2 49.6737
Daily Pivot Point R3 51.2502

 

 

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