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Medium-term trend XMR / USD: variable
Strength levels: $ 70, $ 80, $ 90
Support levels: $ 45, $ 35, $ 25
The XMR / USD price line continues to witness fluctuating movements such as during last week's trading sessions. The crypto-market point has been suspended with both the central Bollinger Band and the 50-day SMA around $ 60 and the $ 55 in a few days.
On 28 November, the crypt managed to reach a market level of $ 65. Around November 30, the market moved slightly south compared to the Bollinger Band and the 50-day SMA. All trading indicators are located around the limits of the interval. Stochastic oscillators are attempting to cross or point north or join radius 25.
It is worthwhile to stay out of the market now for a while to allow strong price action to come in the XMR / USD market in order to be able to get a good direction. But investors could consider the opportunity to join the market as it dips a little further.
Short-term trend XMR / USD: variable
The market marks between $ 58 and $ 56 are the range limits that have been maintained in the XMR / USD trade in the short-term trend today. There is a remarkable bearish candlestick that has engulfed the signs of the entire range, but in the following hours, the crypt showed lower bass and lower lows within that range to this day.
The 50-day SMA is located above the central Bollinger band around the upper Bollinger band. The stochastic oscillators went north under beam 40.
The market could still push south to test around $ 52 or $ 50 market points, and an inversion could also occur in the long run.
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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