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Long-term trend XMR / USD: variable
Supply area: $ 100.00, $ 110.00, $ 120.00
Area on request: $ 50.00, $ 40.00, $ 30.00
The long-term prospects of XMR are based on a market within a radius of action. The flag formed in the long-term analysis of last week dropped the cryptocurrency to $ 53.16 in the demand area on November 26th. It was the second time that the price will touch this area, the first touch was August 20, 2017.
The bullish railway formed after the closing session of 27 November reported a reversal of trend and the gradual return of bulls with XMRUSD rose to $ 59.98 in the refueling area.
The increase in the bullish momentum pushed the price up to $ 66.47 in the supply area, while XMRUSD was rejected for a further upward movement by the 10-EMA that acted as strong resistance. On November 30, bears' value fell briefly to $ 55.93 in the demand area
XMRUSD is in the process of consolidation and trading between $ 80.25 in the upper bidding area and $ 52.80 in the lower demand area of the segment. A breakout in the upper refueling area will suggest a long position while a failure in the lower area will mean going short. Patience is necessary to allow this to happen before a position is taken.
The opinions and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your research.
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