XMR: Support Breakout
Monero (XMR) technical analysis:
Trade setup: After getting rejected at $170 two- or three times (Double or Triple Top pattern), price broke below $150 support and could revisit $132 support next.
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance: Nearest Support Zone is $132. The nearest Resistance Zone is $150 (previous support), then $170, and $187.
Trade setup: After getting rejected at $170 two- or three times (Double or Triple Top pattern), price broke below $150 support and could revisit $132 support next.
Trend: Downtrend across all time horizons (Short- Medium- and Long-Term).
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI < 45 (Bearish).
Support and Resistance: Nearest Support Zone is $132. The nearest Resistance Zone is $150 (previous support), then $170, and $187.
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