- 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.
|Today last price||50.032|
|Today Daily Change||3.0567|
|Today Daily Change %||6.51|
|Today daily open||46.9753|
|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|
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.