- XMR/USD fell from $98.15 to $94.85 in the early hours of Saturday.
- The overall market sentiment looks bearish.
XMR/USD daily chart
XMR/USD fell from $98.15 to $94.85 in the early hours of Saturday. This Friday, Monero bulls took charge and got the price up from $89.75 to $98.25. They were aiming to get back into the $100-zone, but they eventually lost steam. The 20-day simple moving average (SMA 20) curve acts as market resistance, while the SMA 50 curve acts as support. The daily price chart is comfortably trending above the SMA 200 curve. The Elliot oscillator shows three straight bearish sessions.
XMR/USD 4-hour chart
The 4-hour price chart had a bullish breakout from the green Ichimoku cloud before it found resistance on the $98.25 line and fell back in. The latest price session went down from $98.25 to $95. The signal line has crossed over the moving average convergence/divergence (MACD) line showing increasing bullish momentum.
XMR/USD hourly chart
The four latest sessions in the hourly price chart are trending in a downward channel formation. The price has found resistance on the $98-level and then fell sharply to $95. The latest session finds resistance on the SMA 200 curve and support on the SMA 20 curve. The 20-day Bollinger jaw has narrowed, showing decreasing market volatility. The relative strength index (RSI) indicator flirted a bit with the overbought zone and the dipped down into the neutral territory.
|Today last price||95.3992|
|Today Daily Change||-2.7173|
|Today Daily Change %||-2.77|
|Today daily open||98.1165|
|Previous Daily High||98.3194|
|Previous Daily Low||86.1729|
|Previous Weekly High||108.6298|
|Previous Weekly Low||86.1729|
|Previous Monthly High||120.8393|
|Previous Monthly Low||81.2066|
|Daily Fibonacci 38.2%||93.6794|
|Daily Fibonacci 61.8%||90.8128|
|Daily Pivot Point S1||90.0865|
|Daily Pivot Point S2||82.0564|
|Daily Pivot Point S3||77.94|
|Daily Pivot Point R1||102.233|
|Daily Pivot Point R2||106.3494|
|Daily Pivot Point R3||114.3795|
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.