Monero Price Analysis: XMR/USD bulls take back control as price stays above SMA 20


  • XMR/USD fell from $47.24 to $47 on Wednesday before the bulls took back control this Thursday.
  • The Elliott Oscillator has had 10 consecutive green sessions.

Key Levels

  • Current Price :$48.16 
  • Open: $47.14 
  • High: $48.61 
  • Low: $47.14
  • R3: $51.25
  • R2: $49.67
  • R1: $48.32
  • PP: $46.75
  • S1: $45.40
  • S2: $43.82
  • S3: $42.47

XMR/USD daily chart

XRP/USD daily chart

XMR/USD bulls regained control this Thursday as the price went up from $47.14 to $48.175. In the process, it managed to stay above the SMA 20 curve. To continue the upward momentum, the bulls will need to break above the $50 resistance level and the channel formation. The 20-day Bollinger jaw has constricted, indicating decreasing price volatility. The Elliott Oscillator has had 10 consecutive green sessions, while the MACD indicates increasing bullish momentum. Finally, the RSI is hovering around the neutral territory.

XMR/USD

Overview
Today last price 48.4344
Today Daily Change 1.4591
Today Daily Change % 3.11
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

 


 

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.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

BTC/USD bulls finally cross $7,000. Is $8,000 achievable?

BTC/USD bulls took charge this Monday and were finally able to break past the critical $7,000 psychological level. The price has gone up from $6,775.54 to $7,292.40 so far. The bulls have previously repeatedly tried and failed to break ...

More Bitcoin News

Ripple Price Analysis: XRP/USD breaks above $0.19, bulls aims for $0.20 next

XRP/USD bulls are well and truly in control as the price has risen from $0.1794 to $0.1955, going past crucial psychological levels at $0.18 and $0.19. To continue this upward momentum, the bulls must go ...

More Ripple News

Ethereum Price Analysis: ETH pushes to higher levels after breaking 150.0

Ethererum has moved in a classic Elliott Pattern in the first part of the move marked in black. Now it is time for the price to accelerate higher as this move could be the potential wave 3 which is normally the longest. 

More Ethereum News

Monero Price Analysis: Monero stalls just before the psychological 60.00 level

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 ...

More Monero News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC breaks its ties with stocks, strives to return its safe-haven status

Most part of the week Bitcoin has been on the recovery path. Slowly but surely the coin left $6,500 behind and even tested waters above $7,000.

Read the weekly forecast

BTC

ETH

XRP