Monero technical analysis: Bulls and bears cancel each other out over the last five days

  • XMR/USD charts six straight bearish 4-hour sessions after charting death cross pattern.
  • The relative strength index (RSI) indicator of the hourly chart has entered the oversold zone.

XMR/USD daily chart


XMR/USD has so far gone down from $86.25 to $82.15 this Wednesday. In the process, the bulls and bears have canceled each other out over the last five days. The 20-day simple moving average (SMA 20) curve has crossed over the SMA 50, and are trending above the price chart. The Elliot oscillator shows decreasing bullish sessions.

XMR/USD 4-hour chart


The 4-hour XMR/USD chart shows that the SMA 200 and has crossed over the SMA 50 curve, charting a death cross pattern. Ever since then, XMR/USD has broken below the upward trending line and charted six straight bearish sessions. During these six sessions, the price of XMR/USD has fallen from $88.75 to $82.25. The moving average convergence/divergence (MACD) indicator shows three straight bearish sessions of increasing intensity.

XMR/USD hourly chart


The hourly XMR/USD shows that the price has gone up to $90.15, where it met resistance and dropped down to $82.15. The second last price session broke past the red Ichimoku cloud and the support provided by the SMA 200 curve. The relative strength index (RSI) indicator has entered the oversold zone.

Key Levels


Today last price 82.2261
Today Daily Change -3.8019
Today Daily Change % -4.42
Today daily open 86.028
Daily SMA20 88.1548
Daily SMA50 87.2259
Daily SMA100 90.1833
Daily SMA200 73.8124
Previous Daily High 91.2689
Previous Daily Low 84.3725
Previous Weekly High 92.8427
Previous Weekly Low 74.0946
Previous Monthly High 108.6298
Previous Monthly Low 71.8863
Daily Fibonacci 38.2% 87.0069
Daily Fibonacci 61.8% 88.6344
Daily Pivot Point S1 83.1774
Daily Pivot Point S2 80.3268
Daily Pivot Point S3 76.281
Daily Pivot Point R1 90.0737
Daily Pivot Point R2 94.1195
Daily Pivot Point R3 96.9701



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