Monero technical analysis: XMR/USD four-hour price charts seven straight bullish sessions


  • The four-hour price has also broken above the green Ichimoku cloud.
  • The hourly chart has peeked above the 20-day Bollinger band, indicating short-term bearish correction.

XMR/USD daily chart

fxsoriginal

Contrary to the rest of the crypto market, XMR/USD has managed to chart two straight bullish sessions. The price of Monero has gone up from $52 to $56.80 during this period. The latest session has broken above the resistance provided by the 20-day Simple Moving Average (SMA 20) curve. The Relative Strength Index (RSI) indicator has jumped up from the oversold zone and is trending around 46.875.

XMR/USD four-hour chart

fxsoriginal

The four-hour chart has had seven bullish sessions in a row, breaking above the green Ichimoku cloud, SMA 50 and SMA 20. The price is negotiating with the $57 resistance level right now. The Moving Average Convergence/Divergence (MACD) indicator shows seven straight bullish sessions of increasing intensity.

XMR/USD hourly chart

fxsoriginal

The hourly chart is comfortably floating above the SMA 20, SMA 50 and SMA 200 curves. The price has peeked above the 20-day Bollinger Band, indicating that the price is currently overpriced and may face bearish correction soon. The Elliott Oscillator shows 12 straight bullish sessions.

Key Levels

XMR/USD

Overview
Today last price 56.749
Today Daily Change 1.8311
Today Daily Change % 3.33
Today daily open 54.9179
 
Trends
Daily SMA20 55.8371
Daily SMA50 66.2129
Daily SMA100 76.0206
Daily SMA200 78.813
 
Levels
Previous Daily High 55.2191
Previous Daily Low 51.8287
Previous Weekly High 58.0344
Previous Weekly Low 54.042
Previous Monthly High 82.3322
Previous Monthly Low 53.475
Daily Fibonacci 38.2% 53.9239
Daily Fibonacci 61.8% 53.1238
Daily Pivot Point S1 52.758
Daily Pivot Point S2 50.5982
Daily Pivot Point S3 49.3676
Daily Pivot Point R1 56.1485
Daily Pivot Point R2 57.379
Daily Pivot Point R3 59.5389

 


 

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