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Monero Technical Analysis: The price is heading to a key support zone

  • Like the other major cryptos Monero is struggling on Tuesday.
  • The price is headed to the 46.10 main support area.
Monero Technical Analysis: The price is heading to a key support zone
Rajan Dhall, MSTARajan Dhall, MSTAFX Daily

XMR/USD Daily Chart

The daily chart is looking very bearish at present.

Continuous lower highs and lower lows have been made.

Now the main support of 46.10 is being tested so we are at a pivotal point.

The volume is looking light so maybe the market is not behind the move lower.

If it breaks on big volume then things can change. 

Monero analysis

Additional Levels

XMR/USD

Overview
Today last price46.5767
Today Daily Change-2.6707
Today Daily Change %-5.42
Today daily open49.2474
 
Trends
Daily SMA2053.5379
Daily SMA5057.0439
Daily SMA10059.9948
Daily SMA20074.1328
 
Levels
Previous Daily High51.1548
Previous Daily Low48.3865
Previous Weekly High55.2175
Previous Weekly Low52.1471
Previous Monthly High67.1081
Previous Monthly Low45.918
Daily Fibonacci 38.2%49.444
Daily Fibonacci 61.8%50.0973
Daily Pivot Point S148.0377
Daily Pivot Point S246.8279
Daily Pivot Point S345.2693
Daily Pivot Point R150.806
Daily Pivot Point R252.3646
Daily Pivot Point R353.5744

 

Author

Rajan Dhall, MSTA

Rajan Dhall is an experienced market analyst, who has been trading professionally since 2007 managing various funds producing exceptional returns.

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