Monero (XMR) technical analysis:
Trade setup: Bullish breakout from Channel Down pattern as well as above 200-day moving average and $150 resistance could be a sign of trend reversal with upside potential to $160 or higher.
Trend: Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $140, then $120. The nearest Resistance Zone is $150, then $160, and $190.
Trade setup: Bullish breakout from Channel Down pattern as well as above 200-day moving average and $150 resistance could be a sign of trend reversal with upside potential to $160 or higher.
Trend: Downtrend on Short- and Medium-Term basis and Uptrend on Long-Term basis.
Momentum is Mixed as MACD Line is above MACD Signal Line (Bullish) but RSI ~ 50 (Neutral).
Support and Resistance: Nearest Support Zone is $140, then $120. The nearest Resistance Zone is $150, then $160, and $190.