Objavljeno prije 5 sati
The XMR price maintains a bullish trend within a rising channel pattern after the positive turnaround from the psychological mark of $100. However, as the selling pressure grows above the $150 mark, the possibility of a correction increases, teasing a potential bearish breakout. Should you trust the prevailing trend, or will the correcting market affect the Monero price trend?
Ključne točke:
- The bullish crossover of the 20 and 50-day EMA reflects an increase in underlying bullishness
- The Lower price rejection in the daily candle reflects a bullish attempt to avoid a downtrend continuation.
- The intraday trading volume in Monero (XMR) coin is $120 Million, indicating a 1.06% hike.
Izvor- Tradingview
The XMR/USDT technical chart shows a bullish turnaround from the psychological mark of $100 on June 15th. Currently, the bull run accounts for a price jump of 52% as it trades near the 100-day EMA above $150.
Furthermore, the XMR price shows a rising channel pattern in the daily chart teasing a bullish trend continuation. Anyhow, a bearish reversal from the resistance trendline takes immediate support of $152, offering a suitable footing for further rally.
Adding points to the bullish recovery thesis, the lower price rejection in the daily candle projects have a high likelihood of an uptrend continuation. If the bullish trend sustains within the price pattern, traders can expect the XMR price to reach the 200-day EMA at $175.
Conversely, the traders hoping for a downtrend to the support trendline must wait for the daily candle closing price to breach the $152 mark. Moreover, as the overall market corrects, a downtrend below the $152 mark will attempt to take support at the ascending trendline near $145.
Tehnička analiza
RSI indikator: The daily RSI slope shows a slowing bullish momentum in the uptrend as it takes a lateral shift in the nearly overbought zone. Hence the technical indicator reflects a possibility of consolidation above the $150 mark.
DMI indikator: the DMI lines maintain a downward trend despite a bullish alignment projecting a possibility of a bearish crossover. Moreover, the ADX line mimics the downtrend reflecting a fall in the trend momentum.
- Nivoi otpora - 175 dolara i 200 dolara
- Nivoi podrške - $152 i $133.7
Predstavljeni sadržaj može sadržavati lično mišljenje autora i podložan je tržišnim uslovima. Istražite tržište prije nego što investirate u kriptovalute. Autor ili publikacija ne snosi nikakvu odgovornost za vaš lični finansijski gubitak.
Source: https://coingape.com/markets/xmr-price-analysis-152-flipped-support-encourages-an-11-price-jump/